In the UAE, obtaining an Offshore License can take considerable time. Professional advice will help foreign companies determine the right legal structure for their business.
As a trusted partner, Adler & Partners assists foreign investors with setting up offshore companies in the UAE. Assuring a smooth and efficient process, we help investors capitalize on the advantages of establishing an offshore presence in the UAE.
Types of Offshore Business Licenses
At Adler & Partners, we have established a strong partnership with RAK International Corporate Centre (RAK ICC) in Ras Al Khaimah to set up Offshore Companies. Several types of business licenses are available from RAK ICC for different industries and activities.
Businesses should carefully consider their activities and select the most appropriate license type to ensure compliance with regulations and maximize operational flexibility. For businesses, consulting with registered agents like Adler & Partners who partner closely with RAK ICC is the best option. Our experience has shown that the following licenses are most popular in RAK ICC.
This license is suitable for companies engaged in trading activities, such as import/export, wholesale, and retail businesses.
The holding license is ideal for companies that hold and manage investments in other companies, assets, or properties.
This license is designed for professionals providing specialized services, including consultants, accountants, engineers, and other service-based professions.
This license caters to companies providing services such as IT solutions, logistics, hospitality, healthcare, education, and more.
Offshore Companies in the UAE: Why should you consider setting one up?
The UAE is known for its favorable tax environment. Offshore Companies established in UAE jurisdictions often enjoy tax exemptions, allowing businesses and individuals to optimize their tax liabilities and maximize profitability. This can result in significant cost savings and increased financial flexibility. Setting up an offshore company in the UAE offers more compelling reasons for consideration. Here are some key factors to take into account.
Individuals and businesses can safeguard their wealth like real estate, investments, intellectual property, and more from lawsuits, political instability etc.
Confidentiality and Privacy
Company ownership details and financial information are not publicly disclosed, maintaining anonymity and privacy.
International Business Expansion
Setting up an Offshore Company in the UAE provides access to global markets and enhances credibility and trust among international partners.
Individuals and businesses can conduct transactions in a stable currency, reducing their exposure to fluctuations in their home currency.
Banking and Financial Services
Wide range of banking and financial services, including multi-currency accounts, international payment facilities, and advanced digital banking solutions.
Business Privacy & Reputation
The country's strong regulatory framework, coupled with its reputation as a global business hub, enhances credibility and instills confidence in international stakeholders.
Offshore Company Formation Process
The process of registering an Offshore Company in RAK International Corporate Centre (RAK ICC) involves several steps:
Choosing Company Type
We will help you to determine the type of company you establish an Offshore Company in RAK ICC, such as a Free Zone Company (FZC) or an International Company (IC).
Selecting a Business Name
We will help you to ensure that it complies with RAK ICC's naming guidelines and is not already registered or trademarked by another entity.
Engaging a Registered Agent
RAK ICC requires all companies to have a registered agent who will facilitate the Offshore Company registration process. We are working closely only with the most reliable and trusted RAK ICC registered agents.
The necessary documentation should be provided to the registered agent. It is our job to guide you through the entire list, make sure it is accurate, and ensure it is submitted correctly.
Company Name Approval
The proposed company name will undergo verification during this stage.
Memorandum and Articles of Association (MAA)
We will draft and finalize the MAA for your company. This document outlines the company's structure, activities, and regulations.
Signing and Notarizing Documents
On this stage signing the MAA and other relevant documents is required. We will take care of notarizing the documents either at the RAK ICC premises or with a registered notary public.
Upon submission of all required documents and completion of the necessary steps, RAK ICC will issue the Certificate of Incorporation, officially registering your company.
Licensing and Permitting
After company registration, we will apply for the relevant business license(s) based on the activities you plan to undertake. This involves submitting additional documentation and fulfilling specific requirements based on the chosen license category.
How we can help
With its headquarters in Dubai, United Arab Emirates, Adler & Partners is a reputable & trusted business consultancy. Foreign investors come to us for assistance in developing the best business structures for their Offshore Companies. In offshore jurisdictions such as RAK ICC, our team has extensive knowledge of legal frameworks, licensing procedures, and compliance requirements, ensuring a smooth and efficient setup.
Get in touch with us today to discuss your UAE Offshore Company formation requirements. Let us help you establish a successful business presence in the UAE Offshore.