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Offshore Company Formation in Dubai

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Offshore Company Formation in Dubai

Offshore Company Setup in Dubai

An offshore company formation in Dubai is the fastest, simplest, and most cost-effective choice for entrepreneurs interested to start a global business. Without having an office or Dubai address, you can start your brand right in Dubai and operate globally without worrying about overheads.

Offshore companies in Dubai enjoy tax free profits and owners can maintain 100% ownership and control over their business without relying on any local sponsor. There is no need to navigate a complex licensing process. Rather, you will receive a certificate of incorporation after successful offshore company registration in Dubai.

Dubiz Business Setup experts will manage every detail of establishing your offshore company in Dubai from start to finish, making processes faster and hassle-free.

What Is An Offshore Company In Dubai?

Offshore Company Dubai

An offshore company in Dubai is a business incorporated in the UAE that can operate freely in global markets, outside UAE. Foreigner investors start offshore company in Dubai mainly because of the tax savings on business's profits, property sales, capital gains, value added tax and inheritance. Additionally, such companies can participate in many business activities such as general trading, asset holding, digital marketing, distribution and logistics, consultancy services and more.

In UAE, offshore companies can be started in specific jurisdictions such as Ajman Offshore, RAK ICC Offshore and JAFZA Offshore. Interested entrepreneurs can choose one of these thriving hubs that best suits their business goals.

Features of UAE offshore companies

  • Business takes in 1-2 weeks

  • Unrestricted international business

  • Easy business bank account opening

  • Minimal paperwork and formalities

  • 100% foreign business ownership

  • Access to global funding

Offshore Company Setup Cost

The cost of offshore company formation in Dubai depends on several factors, such as the chosen jurisdiction, number of visas being applied for, nature of your business, and more.

Dubiz is offering a comprehensive business setup package that will take care of all the essential aspects of your offshore company.

AED 19,000*

  • Company Registration
  • Bank Account Assistance
  • PRO Services - 1 Year
  • Relationship Manager
  • Virtual Office Address
  • Shared PO Box & Company Stamp
  • Free Tax Consultation

Dubai Offshore Company Requirements

Given below are the common documents required for offshore business setup Dubai:

Individual shareholders

  • Passport copy (6 months minimum validity)
  • Visa and Emirates ID copy (if applicable)
  • Passport sized photos
  • Description of business activities
  • 3 alternative business names
  • Financial statements
  • Address proof (like a utility bill)

Corporate shareholders

  • Incorporation certificate or trade license
  • Memorandum of Association (MOA)
  • Board resolution for company setup
  • Notarized and attested authorization of signatory
  • Ultimate Beneficial Owner (UBO) list
  • Incumbency certificate
  • Three alternative business names
  • Passport copies of directors, manager, and shareholders

Please note that the list of document requirements may vary based on the business structure and the offshore authority.

Types Of Offshore Company Setup In UAE

In Dubai, you get the option to start an offshore company in three jurisdictions. Dubiz can help you start your business journey wherever you like:

Ras Al Khaimah International Corporate Center:

Ras Al Khaimah International Corporate Center (RAK ICC) is another jurisdiction choice for offshore company formation in UAE, located in Ras Al Khaimah. It is also the region’s largest industrial zone, hosting over 38,000 companies across 50 sectors.

Offshore company formation in RAK ICC is regulated under the RAK ICC Business Companies Regulations 2018.

Features – RAK ICC offshore company

  • One-day company incorporation: Offshore company registration can be completed in single day via the RAK ICC portal.
  • Multiple legal structures: Investors can choose from a variety of UAE legal structures like holding company, limited company, offshore foundation, etc.
  • Shareholder flexibility: No restrictions on number of shareholders and their shareholders details do not need to be disclosed on any public register.
  • Cost-effective setup: RAK ICC offers up to 50% lower business operating costs compared to regional average, with no minimum capital requirements for offshore firms.

Process To Set Up An Offshore Company In Dubai

It takes less time to register an offshore company than a free zone or mainland company in Dubai. Investors do not need to be present in the UAE during the process, and our business setup experts will handle the details.

We will be your registered agents and will intermediate between your and the respective offshore authority, ensuring a hassle-free offshore company formation in Dubai.

Choose an offshore location
1

Choose an offshore location

You can start a UAE offshore firm in RAK ICC Offshore, JAFZA Offshore, or Ajman Offshore. Discuss your requirements and preferred business activities with us, and our experts will suggest the option that works best for you.
Decide a suitable legal structure
2

Decide a suitable legal structure

Appropriate legal structure is essential for all offshore businesses, as it determines management responsibilities and taxation obligations. Offshore companies in Dubai can have structures such as a limited liability company, offshore foundation, international business company (IBC), offshore trust, or holding company.
Register your trade name
3

Register your trade name

After deciding legal structure, pick a suitable and distinctive name for your business. The name should be compliant with UAE's naming rules. The name should be registered with the offshore authority.
Engage a registered agent
4

Engage a registered agent

Offshore company formation in UAE must be facilitated through a licensed registered agent. The agent acts as an intermediary between the you and the offshore authority. Dubiz acts as your reliable registered agent, helping with submission of documents and legal compliance.
Submit documents for offshore company registration
5

Submit documents for offshore company registration

For company formation in UAE offshore, you will need to provide some identity documents, proof of address, MOA/AOA, a business plan, among others. We will ensure a smooth offshore company registration process by handling the preparation, attestation, and submission of all relevant paperwork.
Open offshore bank account
6

Open offshore bank account

The UAE allows offshore firms to open a corporate bank account through which they can conduct various financial transactions and investments in multiple currencies. The process involves submission of your incorporation certificate, proof of address, shareholder certificate, and other required documents to the bank of your choice.

Note: It is advisable to seek assistance from professional company formation consultants in Dubai for a smooth and successful offshore company formation.

Benefits Of Offshore Company Setup UAE

Businesses seeking easy international expansion, relief from unjustified taxes, and association with the UAE’s strong global reputation often shift their core operations to offshore structures in Dubai.

Key benefits of offshore company formation in Dubai include:

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    100% ownership and profits:

    in UAE, you can enjoy complete foreign ownership of your business and 100% repatriation of profits.

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    Unmatched tax benefits:

    There is no income tax, sales tax, inheritance tax, or property tax in UAE. Plus, UAE offshore companies pay little to no corporate taxes.

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    Straightforward setup:

    Offshore companies can be started quickly in UAE as there are less administrative formalities involved.

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    Low investment:

    Offshore firms do not need to spend on any physical infrastructure or a local office address in UAE.

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    Muti-currency bank account:

    UAE banks offer multi-currency offshore business bank account which ensures easy international transactions.

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    Increased privacy for owners:

    Offshore firms registered in UAE do not have annual accounting or auditing formalities which increases confidentiality.

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    Solid asset protection:

    In case of company bankruptcy, owners' personal assets will not be seized or used to pay off debts.

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    UAE’s DTAs with 140+ countries:

    UAE’s avoidance of double taxation agreement (DTA) helps businesses avoid double taxation on international operations.

Why Dubiz For Offshore Company Formation In Dubai?

While an offshore company formation in Dubai opens doors to countless benefits, its establishment may seem daunting to many. Therefore, selecting the right service provider becomes essential for successfully forming a Dubai offshore company. That is where Dubiz steps in.
Collaborating with Dubiz Business Setup consultant gives you the advantage of experienced professionals, a range of services, quick responsiveness, and 100% transparency. We will make offshore company setup easy for you whether in JAFZA, Ajman free zone, or RAK ICC. Get:
Specialized knowledge of offshore locations
Transparent pricing with no hidden fees
End-to-end UAE company registration
Tax and accounting services
Hassle free and faster procedures
Ongoing legal compliance support

FAQs on Offshore Company Formation in Dubai

Our document clearing services in Dubai are backed by our strong connections with local government bodies, ensuring faster approvals and processing for all paperwork needs.

No, Dubai offshore companies are prohibited from carrying out business operations inside UAE’s boundaries.

Yes, offshore companies are absolutely legal in the UAE, but there are certain regulations that must be adhered to.

Yes, you can open an offshore company bank account in Dubai. In fact, it allows you to store and transact multiple currencies, which facilitates international operations.

Currently, Ajman free zone offers the most affordable offshore company formation package in UAE.

It takes few days to a week for offshore company setup in Dubai. Working with professional business setup consultants in UAE expedites the process.

Offshore companies in Dubai typically are not eligible for residence visa in UAE. There may be lawful workarounds and Dubiz experts can guide you through that.

No, offshore companies in UAE cannot lease office space. They cannot, in fact, trade within the UAE.

While freezone companies can conduct business freely inside their respective free zones, offshore companies are not allowed to conduct any business activity within the boundaries of the nation. Moreover, offshore companies also do not have any physical presence inside the UAE, unlike freezone companies. Also, for a freezone company formation in Dubai, it is mandatory to have an operating license. As for offshore companies, you only need a certificate of registration, not a license.