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Setup Your Company With

Offshare Company

at the RAK ICC, Jafza, or Ajman Free Zone

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Besides mainland and free zone companies, entrepreneurs also have the option to set up offshore companies in the UAE. For anyone thinking what is an offshore company – simply put, these are businesses that are registered in the UAE while carrying on operations outside the country. They are limited liability companies, which means its finances are well protected.

An offshore company is typically used for international trading, shipping, patents & international consulting, owning real estate, registering copyrights, or as holding companies. Within the UAE, there are three main territories where most choose to form offshore companies. These are Ras Al Khaimah International Corporate Center or RAK ICC, Jebel Ali Free Zone or JAFZA, and Ajman Free Zone or AFZ.

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Advantages of Setting Up a Business
in Dubai World Trade Center

DWTC provides favorable incentives and countless benefits for entrepreneurs looking to start a business in the UAE. Here are some of the following:

Confidentiality

Offshore companies aren’t required to publish any financial information, or share their directors’ & shareholders’ personal details on public records. There is also no requirement for offshore businesses to be audited.

Fewer Liabilities

With an offshore company, there’s assurance that its possessions and assets are protected in the case of any legal pursuits. They also enable asset protection for investors, creating a legal wall between the company’s resources and any third parties.

Avenue to International Expansion

Forming an offshore company that has a UAE-based address will immediately create credibility for a business, opening new opportunities for international partnerships and activities. At the same time it’ll allow you to open a UAE bank account, which gives you unparalleled access to multiple currencies and global transactions.

Tax Incentives

In 2023, the UAE will begin implementing corporate taxes of 9%. But since offshore companies are not actually eligible to operate their businesses in the country, they will be exempted from these upcoming taxes.

Setup an Offshore Company

Depending on your business needs, you may choose to set up an offshore
company from one of these three options:

RAK ICC

Jafza

Ajman Free Zone

RAK International
Corporate Centre
(RAK ICC)

RAK ICC is one of the quickest-growing entities that allow the incorporation of offshore companies. They have a strong reputation for compliance and upholding international standards, and offer the following benefits:

Benefits

  • Single day incorporating process, which may be done on the RAK ICC portal
  • No restrictions on the amount of shareholders
  • Physical office is not required
  • Has access to common law courts like ADGM & DIFC
  • Offers a variety of legal structures for different business uses
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Requirements for Obtaining a
Ajman Free Zone License

The requirements to set up an offshore business depends on where and how it’ll be formed.

As a company with a
Single Shareholder:

  • Notarized Passport Copies
  • Bank Reference Letter addressed to the RAK Offshore Authority
  • Proof of Residency
  • Curriculum Vitae
  • Bank Statement for the last six months of the Company

As a company with
Multiple Shareholders:

  • Applicant Company’s Attested Photocopy of Business License or Incorporation Certificate
  • Attested Memorandum of Association
  • Attested Shareholder’s Resolution
  • Passport Copies of all Directors and Shareholders
  • Certificate of Good Standing
  • Incumbency Certificate of the Company
  • Note: Authorities may request for additional documents

Cost of Setting Up an
Offshore Company in RAK ICC

The price for offshore company formation in the UAE depends on the chosen option.
This rate will also differ based on the business activities, number of shareholders, office space requirements, and other factors.

The cost to form an RAK ICC offshore company starts at USD 2,050 or AED 7,500 They also offer the RAK ICC Premium Product, which allows offshore companies to also carry out activities onshore by forming a subsidiary at RAKEZ. Premium product packages start at AED 17,500

To get an estimate of your offshore company formation rates,
use our COST CALCULATOR

Explore Monthly
Payment Plans
with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.

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Steps

  • Make a minimum purchase of AED 1,000 through your credit card for any services issued by Creative Zone
  • Call the banking services of any our partner banks and request to convert your purchase to an Easy Payment Plan
  • Get the option of paying over 3, 6, 9 or 12 months
  • General terms and conditions with the banks will apply

Steps in Setting Up an Offshore Company
in RAK ICC

Get Started Now

1

Select your company name & activities

Start the process by determining your business activities. Afterwards, choose a unique name that fits your company and is not offensive, religious, or political.

2

Contact a Registered Agent

Get in touch with one of RAK ICC’s featured agents, which includes Creative Zone. We’ll act as your intermediary with the government and RAK ICC, helping you out with the registration process.

3

Submit the required application documents

Put together your requirements based on the company type chosen, and submit these to the RAK ICC authorities.

4

Make the necessary payments

Deposit the registration fees and other expenses online, via cash, or through money transfers. Once all requirements are submitted and the payment is made, all that’s left to do is wait for your offshore company to become incorporated.

800-LICENSE (542 3673)

If calling from outside UAE, please contact us on
+971 4 567 7333

[email protected]

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Office 105, Level 1, Emaar Square – Building 4, Sheikh Mohammed Bin Rashid Boulevard Downtown Dubai, United Arab Emirates

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