Offshore UAE

For you If:

  • You have UAE based assets
  • You want to own property in UAE
  • You want a UAE bank account
  • You want an inexpensive structure

Rak Offshore Company Formation

The Ras Al Khaimah Government introduced legislation in 2006 permitting the establishment of offshore International Companies (IC’s) in RAK and is only the second Free Zone within the UAE to permit the incorporation of such entities. IC’s incorporated under the International Companies Regulations 2006 are relatively quick and easy to set up, inexpensive to incorporate and manage when compared to the alternatives and offer all the advantages of standard offshore structures such as those in BVI or Cayman Islands. IC’s in Dubai or RAK can only be incorporated through registered agents such as Alpha Management Ltd.

​RAK offshore company formation takes 3 working days, if all the documents are ready. The client either visits our office to sign all documents or we can send these (overseas) for signing where they need to be signed in the presence of a Notary and evidenced. Thereafter we submit the documents and manage the whole process. If a bank account for RAK offshore company formation is required, we can introduce the client to local banks, assist with the completion and submission of the application and manage the whole process.

Step 1

Consultation with Alpha Management; We will help you decide the best jurisdiction and structure for your Offshore company.

Step 2

Provide us with the necessary compliance items needed to form the company



Step 3

We will prepare all the company documentation for you to sign, whether you are here in Dubai or abroad.

Step 4

Alpha Management will handle the whole submission process and form your company!

Features, Regulations And Advantages Of Offshore Companies In UAE

The main advantages of RAK offshore company are:

  • No import / export tax or Value Added tax (VAT)
  • No Withholding tax on dividends
  • 100% foreign ownership permitted
  • 100% repatriation of capital and profits allowed
  • No minimum Capital​
  • UAE based company with Proximity to entire Gulf and global markets
  • No disclosure of beneficial owners
  • No Value-added tax
  • No Withholding tax
  • The minimum share capital requirement is Dhs1,000 and be denominated in United Arab Emirates Dirhams
  • Simple process to open a corporate bank account in Dubai with any of the major local banks and no requirement to legalise documents.

There is no need for Dubai or RAK offshore companies to have a physical presence in the UAE for incorporation and IC’s may have corporate directors, corporate company secretary and shareholders. There is no public register of directors or shareholders required for offshore companies in UAE. A minimum of one director, one company secretary and one shareholder is required. The same individual may fill all three positions, whether you are setting up an offshore company in Dubai or in RAK. Companies may create multiple classes of shares with their own rights, privileges and restrictions.

Jebel Ali Offshore Company (JAFZA)

The Jebel Ali Free Zone Authority (JAFZA) introduced regulations in 2003 for the formation of Jebel Ali Free Zone Offshore Companies. Offshore companies may be established at JAFZA in line with other international offshore jurisdictions. Regulations were framed in a manner so as to deliver the convenience and efficiency of global offshore locations coupled with the highest of standards within the UAE. JAFZA is probably the best known of the Freezones in the UAE. Under new regulations all property purchased in Dubai in a corporate name must first be registered in a JAFZA offshore company. Thereafter if desired the JAFZA offshore company may be owned by (say) a BVI or some other company to facilitate succession planning.



Features, Regulations And Advantages Of Jafza Company Formation

Regulations have been framed to deliver the convenience and efficiency of global offshore formation. The main advantages are:

  • No import / export tax or Value Added tax (VAT)
  • No Withholding tax on dividends
  • 100% foreign ownership permitted
  • 100% repatriation of capital and profits allowed
  • No minimum Capital​
  • Dubai, UAE based company with Proximity to entire Gulf and global markets
  • Simple process to open a corporate bank account in Dubai with any of the major local banks and no requirement to legalise documents.
  • A minimum of two directors, one company secretary and one shareholder required.
  • Corporate Directors / Co Secretary not allowed.
  • One of the directors may also be the company secretary.
  • Corporate shareholders are permitted

It takes 8-10 working days to incorporate a JAFZA offshore company once all the documents are ready. We will accompany the client to JAFZA and deal with all the formalities. The client (if shareholder) will need to sign the documents in the presence of JAFZA unless legalised POA’s have been given. Once the documents have been submitted we will manage the whole formation process and deal with any queries. If a bank account is required we can introduce the client to local banks, assist with the completion and submission of the application and manage the whole process.

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