CORPORATE SERVICESOffshore Companies

An Offshore Company is to operate only outside its registered jurisdiction, i.e. UAE, unlike Free zone and mainland companies.

Wincore Advisory Group offers you the opportunity to structure your business, your shareholdings and your real estate in the most effective way locally or worldwide.

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Main Characteristics of Setting up an Offshore Company

  • To expand international market share.
  • Cost effective set up
  • Business oriented legal system.
  • The most flexible regulatory regime.
  • Impacted by anti-avoidance tax rules in countries where the offshore intends to operate.
  • Tax neutral on international (subject to jurisdictions) personal or company income, capital gains and inheritance taxes.
  • Best access to international funding.
  • Segregate and secure assets, (e.g. Intellectual Property Trade Name), from operating entities. The jurisdictions proposing Offshore Companies in the UAE are Ras Al Khaimah (RAK), Ajman Free Zone and the Jebel Ali Free Zone (JAFZA): Offshore Companies are allowed to open bank accounts in the UAE and abroad and operate internationally but not with persons resident in the UAE.
  • No maintenance of books and records. (Except for some local offshore companies). Audited accounts are only required for JAFZA Offshore Company. A RAK Offshore Company requires accounting books to be kept for 7 years and 10 years for Jafza Offshore Company.
  • Rak IBC and Jafza could own real estate situated in Dubai.
  • Do not provide any residency to its shareholders, directors, employees.
  • No benefit of UAE double tax conventions network
  • Registered agent should be appointed.
  • Offshore Companies can hold shares in Free Zone and Onshore LLC Companies.
  • Directors and shareholders are not disclosed on public register.
  • Not allowed to lease an office space.
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Foreign Offshore Companies

Wincore Advisory Group offers you the opportunity to establish offshore companies outside the UAE (Nevis, BVI, Hong Kong, Singapore …) to conduct international transactions or trading and diversify the localisation of your holding with the possibility of having Corporate Directors and Nominee Shareholders acting on your behalf to safeguard your privacy.

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Mohammed Rahali

Wincore Advisory Group Managing Partner
M: +971 (0) 55 138 9591
Email

Maricar Caluracan

Wincore Advisory Group Senior Business Advisor
M : +971 (0) 58 105 1553
Email

Top 5 Reasons to Choose Second Citizenship | Wincore Advisory

Chinwe Azikiwe

Wincore Advisory Group Senior Business Advisor
M: +971 (0) 50 630 0821
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