Setting up an offshore company requires a few steps. First, you need to select a company name and fulfill KYC requirements. Next, you will need to deliver documents to the company registrar in the jurisdiction you choose, along with the required fees. Depending on the jurisdiction, you may need to provide additional documents such as a Memorandum and Articles of Association or a business plan. Finally, you will need to open a bank account for the company, which may require additional documents and information. Once these steps are complete, you will be ready to operate your offshore company.
Different Jurisdictions in UAE to Establish Offshore Company
The United Arab Emirates (UAE) is a popular choice for offshore company formation due to its favorable taxation and regulatory environment. Most offshore companies in the UAE are established in one of the country’s three free trade zones, including the Dubai International Financial Centre (DIFC), the Abu Dhabi Global Market (ADGM), and the Ras Al Khaimah International Corporate Centre (RAKICC).