Mainland, Free Zone & Offshore Company Formation

Free Zones are governed by their respective Free Zone Authorities under the broader scope of Cabinet Resolution No. 58 of 2020 on the Regulation of Beneficial Owner Procedures, and Federal Laws on Tax and ESR compliance. Free Zones like DMCC, JAFZA, DAFZA, and RAKEZ offer 100% foreign ownership, customs duty exemptions, and simplified business setup. However, companies are typically restricted to operate within the Free Zone or outside the UAE unless licensed for the Mainland via a DED dual license. Each Free Zone has its own regulations and company structures (FZ-LLC, Branch, etc.), and businesses must comply with UAE Economic Substance Regulations and AML-CFT compliance under Cabinet Decision No. 10 of 2019 and Federal Decree Law No. 20 of 2018.

Offshore companies in the UAE are typically incorporated under Jebel Ali Free Zone Authority (JAFZA Offshore Companies Regulations) or RAK International Corporate Centre (RAK ICC Business Companies Regulations 2016). Offshore companies are primarily used for international holding structures, asset protection, and estate planning. They are not permitted to conduct business within the UAE Mainland and cannot issue residence visas. JAFZA Offshore is governed under JAFZA Offshore Companies Regulations 2018, while RAK ICC is governed by RAK ICC Business Companies Regulations 2016, which align with international corporate governance standards. Offshore companies must also comply with UBO declaration norms (Cabinet Resolution No. 58 of 2020) and are subject to Anti-Money Laundering (AML) obligations.

Team ZippTax is equipped with the technical and manpower to ensure that new entrepreneurs and existing entrepreneurs are getting proper assistance through out the process ensuring registrations are done at proper place and proper time.