Offshore Company Setup in Dubai

Offshore companies can secure a bank account in the UAE; however, they are restricted from sponsoring work visas or maintaining a physical office in the country.. Offshore licences are typically used as holding companies and are mainly formed for financial, legal, and taxation benefits in foreign countries.

Get started today

Offshore Companies are allowed to own Real Assets within the UAE and are registered in free zones such as JAFZA and RAKICC.

What Are the Benefits of Setting Up an Offshore Company in UAE?

  • Provides a speedy incorporation process for quick setup
  • Offers a fully tax-free environment with no obligations
  • Permits 100% foreign ownership with no limitations
  • Eliminates the need for paid-up share capital or audit requirements
  • Provides operational flexibility with the establishment of multiple bank accounts
  • Offers better access to global funding
  • Access to a stable and business-friendly legal system
  • Provides a gateway for seamless international market expansion
  • Enables asset protection, including the separation of intellectual property from operating entities

What is the Process for obtaining an offshore license in UAE?

Step 1: Choose the business activity for your company.
Step 2: Finalise and submit the company name for approval.
Step 3: Complete the incorporation paperwork and submit for review.
Step 4: Obtain the business licence upon approval.
Step 5: Open a company bank account to manage finances and transactions.

Key Features

The following are the main features of an offshore company in the UAE:

  • Shareholders
    A minimum of one shareholder is required. Corporate shareholders are permitted, and international corporate shareholders must have their company documents attested.
  • Directors
    At least one director is required, and the appointment of corporate directors is allowed. Director information is not disclosed in the public register.
  • Secretary
    A company is required to appoint a secretary, who may also hold the position of director.
  • Share Capital
    Offshore companies are not required to maintain a minimum amount of share capital, and there is no obligation to deposit capital in a bank.
  • Annual Reporting
    Accounting records must be maintained for 7 years from the date of establishment. These records are not required to be submitted to the RAK authorities.

What are the permitted activities for a UAE Offshore Company?

  • Investments and Joint Investments Company
  • Property Owning
  • International Business Services
  • Wealth Structuring
  • Financial Privacy
  • International General Trading
  • Holding company (buy, sell or hold stakes of companies within or outside of UAE)
  • Shipping services
  • Commission Agents Firm (outside UAE)
  • Estate Planning and Wealth Management
  • Tax Optimization
  • Corporate Address
  • Bank Account Opening in UAE
Offshore-compant-setup-in-dubai-1

Offshore Company Jurisdiction in UAE

Following types of offshore companies can be formed in the UAE

Jebel Ali Free Zone (JAFZA) Offshore Company

Ras Al Khaimah International Business Company

Ajman Free Zone (AFZA) Offshore Company

Let us help you succeed in the UAE

Partner with us for a successful start in the UAE market.
Contact Us Now
Have questions or need assistance?

What licenses are available for setting up an Offshore firm in Dubai?

Dubai offers a variety of licenses to set up an offshore company, allowing businesses to operate according to their specific needs. These techniques simplify the process of starting and expanding an offshore business. Exploring the licenses available allows companies to take advantage of Dubai’s healthy and vibrant business environment.

General Trading License

This license allows businesses to engage in a wide range of trading activities. It is important for companies involved in the marketing of products and services.
Discover More...

Holding License

This license is for companies outside the UAE, enables them to own and manage their assets and property, manage subsidiaries, wealth management and hold intellectual property or intellectual property rights.

Discover More...

Investment License

These licenses allow companies to hold and trade a variety of international financial instruments, including foreign currencies, futures, options, listed and unlisted company shares, bonds, commodities, and more.
Discover More...

Legal Structures for UAE Offshore

When you set up an offshore business in Dubai, there are a variety of legal structures you can choose from, which allows you to pick the one that is most suitable for your company’s needs. By having this flexibility, you’ll benefit from a variety of advantages, including the security of your assets, tax savings, and the ability to work internationally. Whatever structure you decide on for your offshore company, you’ll be sure to enjoy some significant advantages!

Limited Liability Company (LLC)

This licence enables your personal assets to be different from your company’s debts and legal responsibilities. You can qualify for favorable tax benefits.

International Business Companies (IBCs)

IBCs in the UAE are set up to operate outside the country (UAE), with little or no operations in the UAE itself. One of the major advantages associated with IBC is that it is exempted from duties and taxes, which could significantly lower the financial burden on businesses that are involved in international investment or trade.

Need professional help?

Looking to start your business in the UAE? We’ll handle all legal matters, prepare and submit your documents, and ensure the right conditions are in place for success. Fill out the form to get a personalized cost breakdown and expert guidance on starting your business in the UAE.