Offshore companies in the UAE, such as those in Jebel Ali Free Zone (JAFZA) Offshore and Ras Al Khaimah International Corporate Centre (RAK ICC), permit full foreign ownership. Unlike mainland LLCs, offshore entities cannot trade directly within the UAE market but excel at holding assets, intellectual property, and international transactions.
Key setup requirements:
- Choose an offshore jurisdiction (e.g., JAFZA Offshore, RAK ICC)
- Appoint a local registered agent
- Submit memorandum and articles of association
- Provide director and shareholder documents
- Pay licensing and registration fees
Core advantages:
- 100% foreign ownership and full repatriation of capital and profits
- No corporate or personal income taxes
- Strict confidentiality of shareholder information
- No currency or exchange controls
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