4. • Offshore business setup
5. Special type of free zone completely tax free falling under the UAE offshore jurisdiction.
5. 100% ownership with the investor i.e. no requirement of local sponsor;
5. Offshore entities enjoy the benefits like protections of Assets to tax free trading.
5. Suitable for entities who do not wish to conduct business in UAE as they are not permitted to trade within UAE or for keeping a Holding company
5. Can own properties or real estates through permission from the respective authorities of UAE.
5. Major Offshore jurisdictions in UAE: -
   • Ajman Offshore
   • RAK ICC – RAK International Corporate Centre (RAK Offshore Company Jurisdiction)
   • JAFZA Offshore
5. Outside the purview of VAT
5. Non resident company
5. No Office is permitted in the UAE.
5. No tax
5. No Audit
5. No Business within UAE
5. No Chamber of Commerce registration, No import export code
5. No Visas or Employees
5. No Cheque book from bank
5. ADVANTAGES OF OFFSHORE COMPANY REGISTRATION IN UAE
   • 2 days to register company
   • Easy documentation
   • Low setup cost and low maintenance cost
   • Easy to transfer shares,
   • Easy to close the company
   • Bank account in UAE with leading UAE Banks
   • Registered Agent office address will be the legal address of Company
   • Total freedom to invoice Clients worldwide

Various factors to be considered while choosing a freezone:

5. Short term and long term objective of the firm;
5. Differences in cost involved in each of the freezone
5. Few of these free zones support businesses on wider scale while others are for specific types of business activities
5. Capital requirement for each of the zones;
5. Compliances and timeline involved in each type of zones

• Assistance in visa-related process for investors;
• Preparation of business plan;
• Assist in searching the right sponsor for your business.
• Introducing to a suitable banker partner for company and employee accounts or finance requirements;
• Preparation and analysis of trading forecasts;
• Securing the physical space required;
• Comply with all the regulations
• Proper maintenance and filing of documentation

• Obtaining of licenses

Types of Licenses:

• • Industrial License-For Import raw materials, manufacturing, processing, assembling, packaging, and exporting finished products.
  • Commercial License- For Import, export, distribution, consolidation, storage or warehousing of items specified on the License. Maximum limit is seven similar product lines.
  • Commercial – General Trading License-General Trading License can be obtained under a Commercial License, which allows for more than seven product lines
  • Consulting and Service License- For Offering consulting services in management, finance, investment, legal issues, labor relations, economics (including feasibility studies), industrial development, marketing, and related subjects. Other services include logistical support such as: restaurants or food outlets, catering services, travel agencies, leisure and social activities, insurance, cargo & freight forwarding, accounting, and audition services.

• Obtaining manpower services
• Certifications
• Marketing consultation & Assistances
• Drafting of memorandum and articles of association
• Completing the procedures with concerned government departments
• Advisory in relation to the overall setup process
• AML, Compliance, Risk and other manuals preparation services
• End-to-End process management
• Registration with Ministry of Labour/Immigration dept. etc., Chamber of Commerce and any other government authority
• Trademark registration services

• Recurring services

• Outsourcing support related to certain mandatory positions (CFO, CO and MLRO)
• Secretarial & Corporate compliance
• License renewals
• Transfer of shares
• License amendments
• Hand holding for 3 Months