How to Register an Offshore Company in the UAE | Company formation Requirements
Registering an offshore company in the UAE involves several key steps, Offshore companies in the UAE are ideal for international business activities and offer numerous benefits like tax efficiency and asset protection. Here’s howTXM can assistyou in setting up your offshore company in the UAE:
Choose the Offshore Jurisdiction
The UAE offers several offshore jurisdictions, with the most popular being:
Jebel Ali Free Zone (JAFZA) Offshore
Ras Al Khaimah International Corporate Centre (RAK ICC)
TXM will help you select the jurisdiction that best suits your business needs, providing insights into the benefits and regulations of each option.
Select a Registered Agent
UAE law requires offshore companies to be registered through a registered agent authorized by the respective offshore jurisdiction.
TXMacts as your registered agent, guiding you through the entire process, submitting your application, and liaising with the authorities to ensure a smooth registration.
Determine the Company Structure
With TXM's assistance, you can decide on the company’s structure, including the number of shareholders, directors, and the distribution of shares.
Offshore companies in the UAE can be wholly owned by foreign nationals, and TXMensures that your company structure is optimized for your business goals.
Choose a Company Name
Select a unique company name that complies with the naming conventions of the chosen offshore jurisdiction.
TXM
will assist in verifying and reserving your preferred company name, ensuring it meets all legal requirements.
Prepare Required Documentation
TXM helps you gather and prepare the necessary documents, typically including:
Passport copies of shareholders and directors.
Proof of address for shareholders and directors (e.g., utility bill).
Details of business activities.
Memorandum and Articles of Association.
A bank reference letter for some jurisdictions.
TXM ensures that all documents are properly notarized and attested as required by the offshore jurisdiction.
Submit the Application
TXM submits the completed application and supporting documents to the relevant offshore authority on your behalf.
TXMalso handles the payment of required registration fees, ensuring transparency and efficiency throughout the process.
Receive the Certificate of Incorporation
Upon approval, you will receive the Certificate of Incorporation along with other essential company documents such as the Memorandum and Articles of Association, share certificates, and the company seal.
TXMensures you receive all necessary documents promptly, allowing you to start your operations without delay.
Open a Corporate Bank Account
With the Certificate of Incorporation, you can open a corporate bank account in the UAE or internationally.
TXMassists in opening your corporate bank account, ensuring that all documentation is in order and that the process is seamless.
Compliance and Ongoing Requirements
Offshore companies must comply with the regulations of the jurisdiction, including maintaining proper records, submitting annual financial accounts, and renewing the company registration annually.
TXMprovides ongoing compliance services, ensuring your offshore company adheres to all legal and regulatory requirements, including VAT registration, ESR, and UBO compliance.
Seek Professional Advice
TXM offers expert consultation to ensure your offshore company structure is optimized for tax efficiency and asset protection, while also providing advice on international tax regulations.
TXM Company Formation Services
TXM is your trusted partner in the UAE for company formation. Whether you’re looking to establish an offshore company, a mainland business, or a free zone entity, TXM offers comprehensive services that cover every aspect of the process. From selecting the right jurisdiction to ensuring compliance and providing ongoing support, TXM is committed to making your business setup in the UAE smooth, efficient, and successful.
For more information and personalized assistance, contact TXM
