Which is the best offshore jurisdiction in UAE?
Considering the prestige, name and procedure, and legal coverage, the outstanding will always be Dubai offshore. In terms of cost, probably you will get an answer as Ajman as the best free zone.
The Major offshores in UAE
The cost of Dubai offshore
The Dubai offshore company set up cost is different but essentially the cost at government is approximately 10500 AED. Dubai offshore always helps you to buy properties in Dubai, and can sell properties in Dubai and can manage properties in Dubai. In order to cover the procedure, the essential documents they look is passport of the investor and Resume from both directors (2 directors are mandatory), however an address proof is a mandatory too. The duration of the process includes the security approval and which might take up to 14 days.
The cost of RAK offshore
The cost of RAK offshore company set up will be approximately AED 2500 at government. The procedure to set up the company in RAK requires certain documentations including, resume, proof of address, copy of passport etc. along with your proof of arrival or notarized documents back in home country. In terms of time frame, it takes as they want due to own procedures and set ups.
The cost of Ajman offshore
The cost of Ajman offshore will be AED 3010 to incorporate at Government. However, there are so many other requirements such as documentations for the company set up in Ajman offshore.
The comparative advantage of the offshore company
All the offshore companies can open bank account, but JAFZA or Dubai offshore requires the physical presence of the directors while others are not required so. The time frame to open the bank account for the company will be depending on the credentials of the individuals or shareholders.
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