Why set up an offshore company
Whether you need to restructure your business, protect your assets or simply develop an international presence for your business, we at Al Rowaad Advocates and Legal Consultancy are here to help. In considering how we can do this, one of the ways is by opening an offshore company.
We are agents of the Jebel Ali Free Zone (JAFZA), where we can set up offshore companies for our clients and in turn open bank accounts.
The advantages of setting up a company in an offshore jurisdiction are plentiful, let alone the fact that you are able to have 100% foreign ownership of the company.
From securing Limited Liability for Corporate Directors, to utilizing nominee shareholders/directors for anonymity of such beneficial owners (100% confidentiality), an offshore company can truly help you to structure your business in the most effective way.
As you are not limited to a certain license or activity, you can find a lot more flexibility and creativity in this solution. Furthermore, we, as your offshore agent, can also assist you on the ground if you are unable to carry out transactions from where you reside. These important factors make it all the more valuable in opening an offshore company, especially when you have no need to trade within the local jurisdiction.
With low or no minimum share capital requirements as well as no additional obligations to employ staff or rent offices (which you have to do for Freezone companies), your opportunities are endless as your investment levels are controlled. Also, the ability to book international profits without paying tax provides significant savings opportunities. Furthermore, the ability to open a bank account as well as hold property in the name of the offshore company is extremely enticing and will enable you to protect your assets in the long run, and secure them for you, your family or your business.
At Al Rowaad Advocates, our goal is to:
Undertake procedural formalities pertaining to incorporation of the offshore company.
Act as a registered agent and provide our address as the official address for the company.
Arrange / issue the following documents: memorandum and articles of association, certificate of incorporation, resolution, and power of attorney, share certificate.
Provide accounting and audit services upon request (per offshore regulation requirements)