Offshore Company Formation in UAE

  • Setting up an offshore company in UAE provides multiple benefits like asset protection and enhanced confidentiality. It is ideal for those who are looking for Tax haven.
  • Moreover, well defined policies and business-friendly location make it a perfect choice for international corporations and entrepreneurs looking to maximize their profits.
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Understanding Offshore Company Formation in UAE

The Offshore company in UAE is also known as International business company. This is a legitimate option for overseas investors to setup their company in United Arab Emirates.

Moreover in this category type you don’t need any physical office space which offer flexibility and saves your office expenses.

Moreover, Offshore companies can engage in international trade, manage global operations and hold assets but have some limitations in conducting business activities within UAE.

The overseas investor will get following document: Memorandum of Association, Certificate of Incorporation, and Articles of Association after their Offshore company formation in UAE.

Understanding Offshore Company Formation in Dubai
Benefits of Offshore Company Formation in UAE

Benefits of Offshore Company Formation in UAE

You can enjoy the following benefits once registering an offshore company in UAE.

  • Asset Protection & Security: Secures your assets against lawsuits and external disputes.
  • Tax Benefits: Enjoy 100% profit retention with no corporate taxation
  • Confidentiality and Privacy: Make sure your ownership remains completely confidential and protected.
  • 100% Foreign Ownership: Retain complete authority with 0% local partnership obligations.
  • Ease of Incorporation: Simple incorporation with minimal paperwork and no required audits.
  • Business Banking: Open corporate bank accounts and invoice clients internationally with ease.

Top Jurisdictions Options For Offshore Companies in the UAE

Offshore companies in the UAE operate under three primary jurisdictions.

JAFZA Offshore

Jabel Ali Free Zone Authority

  • 100% foreign ownership
  • Tax-free benefits
  • Confidentiality
  • Strategic Location
  • No physical office required
  • Efficient access to international shipping routes
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RAKICC Offshore

Ras Al Khaimah International Corporate Centre

  • 100% foreign ownership
  • No corporate or income tax
  • High Confidentiality
  • Flexible business structures
  • No physical office required
  • Access to global markets
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AFZA Offshore

Ajman Free Zone Authority

  • Most budget-friendly option
  • Tax-Free Environment
  • Confidentiality Maintained
  • Complete Foreign Ownership
  • No physical office requirement
  • Establishes a reliable base for international operations
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Documents Required for Registering an Offshore Company in UAE

Documents Required for Registering an Offshore Company in UAE

To successfully register an offshore company in the UAE, you’ll need to gather following key documents for submission.

  • Passport & Photograph: A valid passport copy and recent passport-sized photographs for all shareholders and directors.
  • Emirates ID: If applicable, UAE residents must provide an Emirates ID.
  • Valid UAE Visa: Non-residents should submit a valid UAE visa with an entry stamp.
  • Application Form: The offshore company registration application form must be completed
  • Memorandum of Association (MOA): A legal document that defines the company’s structure, operations, and objectives.
  • Comprehensive Business Plan: A complete business plan explaining the company’s activities and objectives.
  • Bank Reference Letter: An original bank reference letter confirming good financial standings of all stakeholders.

Once prepared, these documents must be submitted to the relevant jurisdiction for approval.

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Licenses Types Available For Offshore Firm in UAE

There are multiple license types available for offshore company setup in UAE. You can select the correct type as per your business needs to make your registration smooth. Have a look at the types of license that are available for offshore business.

General Trading License

If your company is involved in trades of multiple goods and services then general trading license is preferrable.

Holding License

If you want to own a subsidiary companies, property, asset and intellectual property and your company is registered outside the UAE then you can consider holding license.

Investment License

With the help of this license you can trade and hold multiple international investments like foreign currencies, options, futures etc. Moreover, listed and unlisted shares in other companies, commodities and bonds etc. are also included in it.

Steps to Establish an Offshore Company in UAE

1. Select a Registered Agent

Choosing a perfect registered agent which is authorized by the concerned offshore jurisdiction is necessary to facilitate the incorporation process.

2. Choose a Company Name

Select a unique business name that is not registered already to comply with the naming conventions.

3. Select Right Business Activity

It is important to select the correct business activities for smooth business operations after company formation in UAE.

4. Documentation and Legal Attestation

Now you have to prepare all necessary documents like passport, residence ID, and bank reference letter.

5. Company Registration

Submit the required documents and application form via registered agent.

6. Bank Account Opening

Upon formation of a company you can open corporate bank account to start global transactions,

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Frequently Asked Questions (FAQ’s)

No, an offshore company don’t need to submit annual financial statements, auditing etc. which reduces extra administrative burdens.

Yes, if you own an offshore company in UAE then you can easily access the local and international banking services and also multiple currency accounts.

Normally offshore company registration in UAE takes 5 to 10 days which depends upon the documents verification and approval by the concerned offshore jurisdiction.

Yes, offshore company operations should be international or asset-holding in nature. Moreover, they can’t manage business directly or physically within UAE.

Yes, an offshore company can own property in UAE in some jurisdictions like JAFZA.