RAK Offshore, Ajman Offshore, Jebel Ali Offshore Company Formation in Dubai and UAE

You can set up either an Ajman Offshore company or Ajman International Business Company (IBC). Both of these company types have the same legal standing.

Just like other jurisdictions in the UAE and around the world, Ajman Free Zone Offshore companies offer zero taxation, confidentiality, privacy and security to the shareholders and directors of companies. There is no yearly requirement to file audit reports.

The legal address of the offshore company in Ajman is provided by the registered agent.

Legal Inz is Ajman Offshore Registered Agent and offers company set-up at the lowest cost. Ajman Offshore company cost is comparable to RAK offshore company cost.

1. Process of Ajman Offshore Company Formation

The process of registration of offshore companies in Ajman is fairly simple and straight forward.

The steps for the company registration in Ajman are as follows:

Step 1 - Place your order for Ajman Offshore Company Formation

Place your order through our website choosing the Ajman Offshore company as your desired form of company formation.

Timeline: We will open your file on the same working day basis upon the receipt of your order and payment.

Step 2 - We will prepare application and memorandum and articles of association

We will prepare your company formation application as well as the memorandum and articles of association for the new company.  At this stage, we also reserve the name of your company with Ajman Free Zone.

Timeline: The preparation of these documents takes one (1) working day assuming that we have already received the required documents from you.

Step 3 – You will sign application and memorandum and articles of association

At this stage, you will visit our offices to sign the application and memorandum and articles of association of your company. If you are not present in the UAE, you may send us the originals of these documents after your signatures through courier. This also means that the presence of shareholders in the UAE is not mandatory for the formation of an offshore company with Ajman Free Zone. There is no requirement for the company to have any rented offices in the UAE or elsewhere.

Timeline: The signing can be carried out in our offices on the same working day basis. However, if you are not present in the UAE and would like to send us the documents by courier, the timeframe will vary on a case-to-case basis.

Step 4 - We register your Ajman Offshore company

Once we have received the signed documents, we will submit these documents to Ajman Free Zone for the formation of your company. Ajman Free Zone will issue the following documents once your company has been registered:

1. Certificate of incorporation (which is sometimes referred to as Ajman Offshore License or Ajman Free Zone Offshore License).
2. Memorandum and articles of association.
3. Register of members, directors and secretary.

The share certificate and company stamps can be arranged by as additional documents based on your requirements.

Timeframe: The process of setting up offshore companies in Ajman is quicker than other jurisdictions. Once the required documents have been prepared, signed and delivered to the Ajman Free Zone Authority, it typically takes 1-2 working days to issue the above documents. This timeframe may, however, vary if the company has a complex shareholding structure.

2. Activities You Can Choose From

You can choose from a broad range of activities for your Ajman offshore company. Some examples of these activities are provided below:

1. Professional services.
2. Trading in specific products and general trading.
3. Consultancy services.
4. Holding company (buying, holding or selling shares in companies).
5. Real estate ownership in Ajman and other places subject to the local laws.
6. International services.
7. Shipping and ship management companies.

The above activities can only be carried out by the company outside the UAE. It is not possible for you to carry out any business activities inside the UAE through any offshore companies in the UAE. 

3. Required Documents and Information

The following documents/information will be required by us in order to form your company:

1. Passport copy of each shareholder, director and secretary. These can be the same individual. If the shareholder is a corporate entity, we will need the passport copies of the shareholders of the corporate entity until the individual shareholders in the chain of ownership.
2. Proof of residence for each shareholder, director and secretary in English language (i.e. utility bill).
3. At least three (3) proposed name(s) of the company.
4. A description of the activities of the company.

4. Start of Activity and Bank Accounts

Once your company has been registered, you can start the business activity straight away. You can also open a bank account for your company in the UAE or outside. We work closely with various banks in the UAE and outside to open corporate bank accounts for Ajman Offshore companies.

It is important to note that you cannot obtain a UAE residence visa through an offshore company. If you have any requirements to obtain UAE residence visas, you should consider setting-up a free zone or mainland company.

The Companies are governed by Ras Al Khaimah Corporate Centre Business Companies Regulations 2016.

RAKICC offers the following benefits:

• Zero taxation.
• Confidentiality, privacy and security to the shareholders and directors of companies.
• No audit reports filing.
• No paid-up capital.
• Single or multiple directors (nominee directors are allowed)
• No limitation on capital expatriation.
• Registered address in the UAE.
• No requirement to have a rented office space.

We are RAKICC Registered Agent through our group company and offer the cheapest RAKICC Offshore company formation at the lowest cost.

1. Process of RAK Offshore Company Formation

RAKICC offers a very smooth and easy process for the RAK Offshore company registration.

Here is a step-by-step guideline explaining the registration process:

Step 1 - Place your order for RAK Offshore Company

As a starting point, you will need to place an order on our website choosing RAK Offshore company.

Timeline: Once you have placed the order, we will immediately open your file and proceed with the company formation.

Step 2 - We will prepare memorandum and articles of association

As the starting point, we reserve the proposed name of company (one name out of the three (3) names that you will provide to us in the order of priority) with RAKICC. We will in parallel prepare the memorandum and articles of association of your new company. 

Timeline: The reservation of name and preparation of the above documents takes one (1) working day. We assume that you will have provided us with the required documents immediately after placing the order on our website.

Step 3 – You will sign the memorandum and articles of association

We will invite you to our offices to sign the application and memorandum and articles of association of the company. However, if you are not available in the UAE, we will guide you on the process of signing the memorandum and articles of association in the country of your residence. Once you have signed the documents in compliance with the process, you will need to send us the originals by courier.

Timeline: The signing of the memorandum and articles can be arranged in our offices on the same working day. If you wish to sign the documents in the country of your residence, the timeframe will vary on a case-by-case basis.

Step 4 - We will register your RAK Offshore company

Once the above process have been completed, we will submit the relevant documents to RAKICC for the registration of your company. RAKICC will issue the following documents once your company has been registered:

1. Certificate of incorporation.
2. Memorandum and articles of association.
3. Register of members, directors and secretary.

The share certificate and company stamps can be arranged by as additional documents based on your requirements.

 Timeframe: RAKICC is likely to register your company and issue the documents within 2-3 working days.

2. Available activities for RAK Offshore

Following are examples of activities that can be carried out through offshore companies established with RAKICC:

1. International trade.
2. Consultancy services.
3. Brokerage.
4. Real estate holing in RAK and other places as permitted by the local laws.
5. Ship registration.
6. Stock market trading.
7. Holding company (buying, holding or selling shares in companies).

It is important to note that the above activities may only be carried out by the RAK Offshore company internationally and not inside the UAE, except for holding assets or real estate.

3. Documents and Information Required

The following documents/information are required by us for the formation of your company:

1. Passport copy of each shareholder, director and secretary. These can be the same individual. If the shareholder is a corporate entity, we will need the passport copies of the shareholders of the corporate entity until the individual shareholders in the chain of ownership.
2. Proof of residence for each shareholder, director and secretary in English language (i.e. utility bill).
3. At least three (3) proposed name(s) of the company.
4. A description of the activities of the company.

4. Commence Activity and Open Bank Account

You can commence the business activity of your company immediately after the company has been registered.

You can open RAK offshore company bank account in the UAE or outside. We can provide you end-to-end assistance on opening your corporate bank account as we work closely with various banks in the UAE and outside.

You will not eligible to obtain any UAE residence visas through your offshore company. For any UAE residence visa requirements, you will need to set-up either a free zone company or a mainland company in the UAE.

Jebel Ali offshore companies offer the following main benefits:

• Own real estate properties in the Emirate of Dubai.
• Zero taxation.
• Confidentiality, privacy and security.
• No audit reports.
• Zero paid-up capital
• No limitation on capital expatriation.
• Registered address in the UAE.
• No physical office space required.

1. Process of JAFZA Offshore Company Formation

The process of registration of offshore company in Jebel Ali Free Zone involves the following steps:

Step 1 - Place your order for Jebel Ali Offshore Company Formation

Place your order through our website choosing the Jebel Ali Offshore company.

Timeline: We will open your file with the registered agent upon the receipt of your order and payment. The timeline is 1-2 working days.

Step 2 – Preparation of memorandum and articles of association

The memorandum and articles of association for the company are prepared by the registered agent once your file has been opened.  The availability of your proposed name is also checked at this point.

Timeline: This takes 1-2 working day, provided that you have already provided us the required documents.

Step 3 – Visiting the JAFZA Offices for Signatures

It is a mandatory requirement that the shareholders as well as directors of the new company visit the JAFZA offices for signing the application forms and memorandum and articles of association. If you are resident outside the UAE and are unable to visit the UAE, you may appoint us through a power of attorney to sign these documents on your behalf. The power of attorney can also be issued by the directors and secretary if they are not present in Dubai or are unable to travel to Dubai for signing.

Timeline: The signing process at JAFZA offices can be completed on the same working day and may require between 1-2 hours during the visit.

Step 4 – Registration of your JAFZA Offshore Company

The signed documents are submitted to JAFZA for necessary approvals and registration. JAFZA will issue the below documents upon the registration of your company:

1. Certificate of incorporation.
2. Memorandum and articles of association.

The share certificate, register of members, certificate of good standing, certificate of Incumbency and company stamps can be arranged by as additional documents based on your requirements.

Timeframe: The process of registration of company from the date of signing the required documents at the office of JAFZA may take between 5-10 working days on a case-by-case basis.

2. Activities You Can Choose From

You may select from a range of business activities for your JAFZA offshore company in Dubai from the following non-exhaustive list of activities:

1. Holding company (to hold real estate property and other assets such as shares in companies).
2. Professional services.
3. Trading in specific products and general trading.
4. Consultancy services.
5. Shipping and ship management companies.

As is the case of all offshore companies in the UAE, these activities can only be carried out by Jebel Ali Offshore Company outside the UAE, expect for the activity of holding company.

3. Required Documents and Information

We require the following documents/information for the incorporation of your Jebel Ali Offshore Company in Dubai:

1. Passport copy of each shareholder as well as the directors and the secretary. The shareholder can act as director and secretary. The company will need to appoint at least two (2) directors and the second director can either be the second shareholder (if applicable) or another person appointed by the sole shareholder.
2. If the shareholder is a corporate entity, passport copies of the ultimate shareholders of the corporate entity will be required in addition to the corporate documents of all legal entities falling within the chain of shareholding up to the individual shareholders. If the corporate shareholder is based outside the UAE, the corporate documents of such shareholder will be required to be legalized and authenticated in the country of origin and the UAE. We can assist with the process of legalization and authentication.
2. Proof of residence for each shareholder, director and secretary in English language (i.e. utility bill).
3. Three (3) proposed name(s) of your company in the order of preference.
4. A description of the proposed activity of your company.
5. Simple CV of each shareholder and director.
6. Bank reference letter (to confirm that the shareholder and director are their client).

4. Start of Activity and Bank Accounts

You can start the business activity immediately upon the issuance of the certificate of incorporation. The process of opening a bank account for your JAFZA Offshore company can also be initiated straight away. The bank account can be opened either inside or outside the UAE. We can assist you with the opening of the bank account through our strong network of banks.

Just like other offshore companies in the UAE, it is not possible to obtain UAE residence visas through the offshore company in Dubai. For any visa requirements, you will need to set-up a free zone or mainland company either in Dubai or in any of the other Emirates in the UAE.