There are three primary Offshore jurisdictions in the UAE to choose from including the Ras Al Khaimah Free Trade Zone (RAK FTZ), Jebel Ali Free Zone (JAFZA) and Ajman Free Zone (AFZ).
GCC Solutions works with all the three jurisdictions as a registered agent and can provide offshore company formation services to create a bespoke offshore company. It can benefit from over 40 Double Taxation Treaties (DTAAs) the UAE currently has in place as well as its status as a white listed independent jurisdiction for Offshore purposes.
In addition to the DTAAs good benefits, the UAE has in place the shareholders of an Offshore company enjoy 100% foreign ownership, and there is no public register of company officers or shareholders therein which affords complete anonymity and privacy.
Offshore company formation Dubai, UAE can hold bank accounts in multiple currencies and are exempted from all corporate and income taxes applicable in the UAE. There are no foreign exchange restrictions, and companies benefit from full repatriation of the profits and capital to their preferred jurisdiction. As there is no requirement for an onshore office, there are no employees or related costs and a minimum of only of one Director / Shareholder is required for company formation.