OFFSHORE COMPANY FORMATION

Offshore companies in the UAE are designed for international business, asset protection, wealth structuring, and holding activities.

Unlike Mainland and Free Zone entities, offshore companies cannot trade inside the UAE but offer unmatched privacy, flexibility, and global operational advantages. 

WHAT IS AN OFFSHORE COMPANY?

An offshore company is a legal entity registered in a UAE offshore jurisdiction that allows:

– 100% foreign ownership

– No office or physical presence

– No requirement for visas

– No corporate tax on offshore income

– Global business operations

– Asset holding & wealth protection

– Confidential ownership structure

Offshore companies ARE allowed to:

– Own property in approved UAE zones

– Hold shares in Mainland & Free Zone companies

– Conduct international trading

– Own intellectual property

– Hold investments, assets, and bank accounts

Offshore companies are NOT allowed to:

– Operate business inside UAE

– Hire UAE employees

– Apply for UAE residency visas

POPULAR UAE OFFSHORE JURISDICTIONS:

1. JAFZA Offshore (Jebel Ali)

- High credibility - Approved for UAE property ownership - Strong banking acceptance

2. RAK ICC (Ras Al Khaimah International Corporate Centre)

- Flexible structure - Strong confidentiality - Ideal for holding companies

3. Ajman Offshor

- Fast setup - Affordable - Suitable for SME international use

IDEAL FOR:

– International trading businesses

– Holding company structures

– Real estate holding

– Intellectual property holding

– Investment vehicles

– Family wealth vehicles

– Multi-jurisdictional businesses

– Global tax planning

Proccess

VADA HANDLES THE FULL PROCESS:

1. Jurisdiction Assessment

  We identify the best offshore zone depending on your goals:

  – Banking

  – Asset holding

  – Property ownership

  – International trading

  – Privacy requirements

 

2. Name Reservation

  Offshore names must meet strict global standards.

 

3. Activity Classification

  Ensuring compliance with offshore regulations.

 

4. Document Preparation

  – Passport

  – Address proof

  – Bank reference letter (if required)

  – Application forms

  – Board resolutions (if corporate shareholder)

 

5. Submission & Approval

  Offshore authorities review and approve the company.

 

6. MOA / AOA Drafting

  Legally compliant offshore charters.

 

7. Certificate of Incorporation Issued

  Company is fully registered.

 

8. Bank Account Assistance

  We help prepare:

  – Business plan (if needed)

  – Compliance documents

  – KYC files

  – Shareholder structure

 

9. Annual Renewal Support

  Offshore companies require yearly renewals.

Proccess

DETAILED STEP‑BY‑STEP INCORPORATION:

STEP 1 

Consultation & Jurisdiction Selection  

STEP 2

Name Reservation & Compliance Check  

STEP 3

Document Collection  

STEP 4

Application Submission  

STEP 5

Incorporation Approval  

STEP 6

Issuance of Incorporation Documents  

STEP 7

Optional Bank Account Opening  

STEP 8

Annual Renewals & Filings Managed by VADA  

REQUIRED DOCUMENTS:

Passport copy of shareholders

Proof of addresS

(utility bill)

Passport photo

CV (sometimes requested)

sometimes requested)

Bank reference letter

(jurisdiction dependent)

Company structure

(if corporate shareholder)

95%

Business Setup

79%

Tax Compliance

91%

Visa Services

100%

PRO Services

BENEFITS OF UAE OFFSHORE COMPANIES:

– 100% foreign ownership

– No public register of shareholders

– Global operational freedom

– Asset protection & privacy

– No office rent or premises required

– No audits required

– No corporate tax on offshore income

– Fast incorporation