Offshore Company Formation

Offshore Company Formation

An Offshore Company is a legal business entity that is set up in a different country from the country of residence of the stakeholders or ultimate owners. This is different than a Free Zone Company. Offshore companies are generally used for global business considering the International taxation and Accounting and Audit obligations. Offshore Companies are also used as holding companies for worldwide subsidiaries, maintaining wealth, international trading, property holding, asset protection or holding an intellectual property. However, an UAE offshore company cannot carry business with a resident in UAE.

UAE being a “tax-haven” jurisdiction is a worthwhile option for setting up an Offshore Company. UAE has a Double Tax Treaty Agreements signed with over 40 countries which makes it a most preferred jurisdiction for setting up an offshore company. There are three Offshore Jurisdictions in the UAE.

  • Jebel Ali Offshore or JAFZA Offshore
  • Ajman Offshore
  • RAK Offshore

Offshore company can be set up only through a registered agent who acts an intermediary. Key advantages of setting up an UAE Offshore Company:

  • 100% Foreign Ownership
  • Tax Free Jurisdiction
  • Open Multi-Currency bank account in UAE and abroad
  • Allows you to hold property in UAE and abroad
  • Confidentiality of Ownerships
  • No share capital requirements
  • No Physical office is required
  • Provides Confidentiality
  • Anonymity and Privacy
  • Protect Wealth and Assets

In addition to UAE, we also set up Offshore Companies at following Jurisdiction:

  • British Virgin Island
  • Cayman Island
  • Mauritius
  • Provides Confidentiality
  • Anonymity and Privacy
  • Protect Wealth and Assets

Please write to us on info@bracecsp.com or call on +971 55 955 1389 for any questions or assistance.