Offshore Destinations

Offshore Destinations

Diversifying into international markets can open doors for entrepreneurs to establish their business on a global platform, tap foreign clients and earn high profits. At Jumeira Consultants, we majorly help our clients set up a legal entity in the below mentioned offshore jurisdictions.

Why opt for an offshore destination?

Setting up an offshore company means expanding your existing business overseas; and doing that can open up excellent business growth options for entrepreneurs. The major benefits of going offshore include tax exemptions, low capital investments and high level of confidentiality.

UAE is looked upon as a popular destination for offshore company formation, owing to its prominent location and rapid development. Offshore company formation in UAE has a lot to offer to the ambitious entrepreneurs to put them on a fast track to success. Being a “tax-free” business jurisdiction,offshore company formation in UAE is a worthwhile option for entrepreneurs across the world.

JAFZA Offshore – Jebel Ali Free Zone Authority

JAFZA, established in 1985, is evidently the oldest and the largest Free Zones operating in Dubai, United Aran Emirates. The offshore dominion is famed for its excellent reputation, transparent operating system, easy incorporation procedure, entrepreneurial dynamism, and innovation. At present, JAFZA is home to more than 6400 companies which enjoy the special status of being non-residential organizations. In 2003, JAFZA was granted the authority of formulating its own company law regime permitting the establishment of offshore companies, by the Emirate of Dubai. The Regulations 2003 is the statutory framework which governs the establishment process and ongoing governance for JAFZA entities. The jurisdiction also offers a host of extra benefits to its incorporators in terms of tax relaxations, property ownership, exchange codes and limited liability policies.

RAK Offshore – Ras Al Khaimah Offshore

One of the recently inaugurated offshore jurisdictions, Ras Al Khaimah Offshore or RAK Offshore in the Emirate of Ras Al Khaimah, United Arab Emirates,aims to meet the growing needs for offshore markets in the UAE and consequently boost the nation’s ongoing economic diversification program. Companies established in the dominion are flexible IBCs (International Business Companies) and are permitted to conduct business activities relating to trading operations, asset protection, tax planning, property holdings, mutual funds, etc. Within a short span of time, RAK offshore has become a home of 1900 plus international entities and offers them with a wide range of specialized benefits. Some of these include 100% ownership authority, tax exemptions,
information confidentiality policies, asset ownership rights and much more.

The British Virgin Islands

The British Virgin Islands (BVIs) located in the Northeastern Caribbean, are territories of Her Majesty’s land. BVI is famed as one of the world’s eminent offshore jurisdictions with more than a million BVI companies successfully operating in the dominion since 1984. There are a plethora of factors that make BVI an attractive and lucrative international incorporation centers such as its progressive regulatory regime, entrepreneurial friendly environs, taxation policies, economic prosperity and a rich history of political stability.

Legal entities in the British Virgin Islands are established under the BVI Business Companies Act 2004 and are suitable for carrying out any kind of international business.

Major benefits of UAE offshore company formation:

  • 100% foreign ownership

  • 100% tax exemptions

  • Complete confidentiality

  • Hold multi-currency bank accounts

  • Full repatriation of the profits and capital is permitted

  • The capital cost for setting up an offshore company is comparatively less than an on-shore one

  • Simple company incorporation process

  • Simplified company laws and legal framework

Why partner with Jumeira Consultants for offshore company formation?

UAE is a haven for ambitious entrepreneurs who wish to diversify to foreign locations. Offshore company formation in Dubai is a simple and easy process,but for an outsider it can be very complicated.

That is why choosing the correct offshore location or the right business activity becomes a major pitfall. Additionally, there are a lot of aspects where you will need expert assistance. We at Jumeira Consultants are there to assist you in the most prompt way. We offer proper legal and legitimate offshore company formation services to assist you to take your business to the United Arab Emirates. Jumeira Consultants is an experienced Dubai offshore company formation consulting firm, providing best-in-class services for setup and sustenance of a business entity in the UAE.

At Jumeira Consultants, we understand that the need of our clients can vary.Therefore, to cater to them in the best manner, we offer tailor-made solutions personalized to their business model.

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