Offshore Company Formation
In Dubai, UAE
Start your own business in UAE from AED 7,999
Offshore Company Registration in Dubai
Unique features of offshore company formation in Dubai, UAE
Scope and scale
An offshore company can be established outside the UAE mainland and even outside its free zones. One option is to set up in RAK Offshore, officially known as the Ras Al Khaimah International Corporate Centre or RAK ICC. This Company Registry provides details of offshore companies. Alternatively, you can establish your offshore company overseas in locations like the British Virgin Islands, Cayman Islands, or Mauritius, which are renowned for offering excellent venues for offshore businesses.
An offshore company is a legal entity created with the purpose of operating outside its registered jurisdiction or the location of its ownership. Typically, offshore companies are not required to have a physical office space in their home country. However, they are restricted from conducting extensive business activities within their country of origin. Consider these factors when setting up your offshore company.
Offshore companies can be created and owned by individuals or institutions, and shares can be easily and freely transferred by a written instrument. Offshore company formation in Dubai is a fast-growing sector of new business setup in the country. It is typically built with provisions to minimize or eliminate taxes associated with property sales, capital gains, value-added tax (VAT), death duties, and profits on business earnings.
For investors looking at offshore company registration in Dubai, favored considerations include the ability to create or maintain wealth, hold or protect property and other assets, and offer international trading, contracting, and consulting services from a single location. Benefits of Offshore Company setup in Dubai include an assurance of confidentiality over ownership and related financial affairs.
Structural Benefits of Offshore Company Registration in Dubai
When compared to many other jurisdictions, the UAE boasts a highly regulated banking system, sophisticated infrastructure and facilities, cutting-edge telecommunications networks, and easy access to international markets.
Registering an offshore company in UAE offers several business benefits:
- 1. Stable and business-friendly legal system
- 2. Flexible regulatory regime
- 3. Tax neutrality
- 4. Separation and protection of assets
- 5. Gateway to international markets
- 6. Access to global funding
Incorporating offshore companies in the UAE is relatively easy, quick, and simplified. At B-FIRST BUSINESS SOLUTIONS, we often complete the process in just a few days.
Benefits of Offshore Company Registration in Dubai
Unlike other jurisdictions primarily considered for taxation purposes, offshore company formation in UAE offers numerous advantages. These include direct investment into specific jurisdictions, better management of taxes on foreign income, full ownership of intellectual property, and the separation and protection of personal assets from operating entities.
Offshore company formation in UAE can be strategically designed to minimize overall international tax liability. There are no requirements for minimum share capital, although in some cases, the government registrar may ask that paid-up capital be commensurate with proposed activities.
Another localized advantage pertains to real estate. In the UAE, some property developers allow up to four owners for the purchase of a single property, such as a villa, office, or apartment. However, with an offshore company, the number of property owners can be extended up to 50, with ownership registered to the offshore company.
Choice of Jurisdiction for Offshore Company Registration in Dubai
Choosing a jurisdiction for offshore company registration in Dubai depends on several factors: laws and regulations applicable to the business, political and geopolitical climate, future plans, the exact nature of the business, and the type of assets to be held.
List of Top Offshore Companies in UAE:
- < RAK International Corporate Centre (RAK ICC)
- < Jebel Ali Free Zone Authority (JAFZA)
Both permit 100% foreign ownership and are tax-free jurisdictions, imposing no income tax or corporate tax. The UAE has negotiated Avoidance of Double Taxation Treaty Agreements (DTTAs) with more than 110 countries.
Each jurisdiction offers unique advantages:
- < RAK ICC is recognized as the cheapest and fastest way to set up an offshore company in the UAE, with incorporation often completed in just a few days. RAK offshore is one of the most established offshore jurisdictions in the Middle East, boasting a roster of over 14,000 companies across 50 sectors.
- < JAFZA & RAK ICC offshore companies are the only offshore vehicles in the UAE permitted to own property in the emirate of Dubai.
All offshore companies in UAE can open multi-currency accounts in the country and conduct international business.
Our SERVICES
We are registered and reliable agents specializing in Dubai offshore company formation, serving clients from all parts of the world. Backed by our extensive experience, our distinguished team of in-house lawyers, accountants, auditors, and management consultants collaborate closely with each client.
We provide comprehensive services for offshore company formation in the UAE and its administration. Our services encompass corporate and business documentation, opening bank accounts, and offering directors, company secretary, and nominee shareholders as needed. We also liaise with all relevant authorities on your behalf.
Most importantly, we guide you through every stage of offshore business setup in Dubai, including selecting and registering a name, conducting and collecting due diligence, and arranging reference letters.
In most cases, your physical presence is not required to open your offshore company.
Offshore companies in UAE are not subjected to any registration conditions regarding the leasing of premises, provision of guarantees, or employment of staff. However, if needed, we can arrange for your business operations and communications to be managed through our registered and approved firm.
Our auxiliary services encompass various aspects of daily business operations, including accounting, audit and assurance, payroll, taxation, and outsourced CFO and PRO services.
OffshoreCompany Setup in Dubai, UAE
Benefits of Offshore Company Formation in Dubai, UAE
Ideal place for international trading, legally exempt from corporate tax
Exempt from annual accounting and other tax obligations
Full repatriation of funds and allows multi-currency transactions
Maintain confidentiality in the business dealings
Shareholders or directors not required to register their details and name for public record
Easy to setup corporate bank account in UAE
Complete ownership of your company
No trade barriers or any other foreign exchange controls
Processing
of Employee Visa
WORK VISA FOR YOUR TEAM
INVESTOR VISA
Licensing
& Documentation
Resident permit for your family
Labour Cards
Immigration Cards
Approvals from government
WE WORK CLOSELY WITH
THE GOVERNMENT
Starting a business in Dubai? We can assist you in setting up in a Free Zone, Mainland, or Offshore. B-FIRST Business Solutions takes pride in its close collaboration with various government agencies to facilitate your business setup process.
Have a question? Get in touch today.
We can provide free qualified guidance to help get you started with your business needs.
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Why Choose us?
Elevate Your Business with Business First Solutions
Integrity
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Efficiency
We enable businesses to make informed choices and explore new opportunities.
Transparency
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FAQ
How can I start an offshore company in Dubai?
To set up an offshore company in Dubai, you can proceed with various approvals and documentation from the government, such as passport, visa, MoA, etc. Alternatively, you can simply give a call to B-FIRST BUSINESS SOLUTIONS for quick, effective, and easy offshore business setup in Dubai.
Do offshore companies pay taxes?
Offshore companies need not pay any corporate tax for their profits.
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Accounting Services
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