JAFZA Offshore Company Formation
The Jebel Ali Free Zone or JAFZA is a tax-free jurisdiction that, considered important for an efficient offshore company setup in the UAE, opens pathways to exemplary global reach. It offers 100 percent foreign ownership, confidentiality, and no foreign exchange restrictions. Although an offshore company based in Jafza is unable to conduct its business in Emirates, under the corporate structure, it allows property investments to be held in the UAE. Companies are also able to open their Dubai offshore bank accounts.
Ras Al Khaimah (RAK) Offshore Company Formation
Ras Ali Khaimah (RAK), another tax-free jurisdiction, is a very cost-effective offshore zone in the UAE where the incorporation process does not require the owner’s physical presence. RAK supports multiple outsourcing companies, from generic trading to professional services, without the need for multiple licenses if a business has more than one type of operation. Along with no capital requirements, bank account opening opportunities, confidentiality, and no currency constraints, RAK is a very flexible offshore zone.
Ajman Offshore Company Formation
The Ajman offshore region, controlled by the Ajman Free Zone Authority, is considered an industrial hub due to its strategic location. Ajman is preferred for a range of services, including trading, consulting, technical, commission-based, and advisory services, with a zero-taxation scheme, intact confidentiality policies, and a fast-paced integration process. Ajman also provides opportunities to open offshore bank accounts at cost-effective rates, much like other offshore zones.