Get Our Free Consultation
Offshore Locations in the UAE
There are three offshore locations available to new entrepreneurs and investors, and all enterprises benefit from tax breaks, no minimum capital requirements, and so on.
1. Dubai Offshore
In the entire Middle East, offshore company formation in Dubai (JAFZA) is the most popular since it is the most recommended place for creating a first offshore company in the UAE.
2. RAK Offshore
One of the finest sites for your company is RAK offshore, and we can provide you with everything you need to know about RAK offshore company formation.
3. Ajman Offshore
Ajman offshore is another popular business destination in the UAE, with various financial incentives and a quick, low-cost setup.
Opening a UAE offshore company is an excellent, tax-efficient, and cost-effective corporate structure for entrepreneurs looking to do international trade. Offshore corporations are mostly utilized for,
- International trading
- Holding company
- Shipping company
- Owning real estate
- Registering patents and copyrights
- International consulting services
The UAE allows a variety of operations to be carried out by offshore firms operating from the country’s offshore areas.
- Advisory services
- Buying, holding or selling stakes of companies
- Commission Agents or intermediary brokers (IBs)
- Consulting services
- General trading activities
- International and professional services
- Investments and joint investments
- Owning property
- Shipping and ship management
Activities Permitted in UAE Offshore
Essential Documents for Dubai Offshore Company Formation
Documents Required for Offshore Company Setup - Individual Shareholder
- Passport Copy (Valid for at least 6 months)
- Visa Page Copy (if applicable)
- Emirate ID (if applicable)
- Passport-sized Photos
- Personal Information Sheet or Application Form
- 3 Name Choices
Documents Required for Offshore Company Setup - Corporate Shareholder
- Company Trade License / Certificate of Incorporation
- Memorandum of Association
- Board of Resolution for Company Setup and Appointment of Authorized SignatoryUBO List
- Incumbency Certificate
- 3 Name Choices
- Passport copy of Company Manager
- Visa copy of Company Manager
- Emirate ID of Company Manager
1. Confirming the Scope of Business Activities
The action that you will carry out must be decided. It should also be mentioned on the application form.
2. Deciding on a trading name
Finalise a name that is appropriate for the activity you have chosen, keeping in mind the trade name rules.
3. Finalise the Directors, Shareholders, and Company Secretary
Make sure you communicate clearly with the shareholders and management team.
4. Choose a Share Capital
Set a share capital for your firm. There is no standard share capital for offshore firms in the UAE.
5. Apply with the documents.
Ensure accurate document curation for application. Include shareholder info, share details, directors’ and agents’ data, and proposed Memorandum and Articles of Association.
5. Open a bank account
After you’ve completed these processes and registered your business, you can open a corporate bank account.
Steps of Offshore Company Formation in the UAE
Dubai Offshore Business Setup Packages
Dubai Mainland
-
100% Ownership
-
Professional Trade License
-
Bank Account Assistance
-
Local service Agent Included
-
3 Visa Quota
Dubai Free Zone
-
100% Ownership
-
Professional Trade License
-
Bank Account Assistance
-
Local service Agent Included
-
3 Visa Quota
Dubai Offshore
-
100% Ownership
-
Professional Trade License
-
Bank Account Assistance
-
Local service Agent Included
-
3 Visa Quota
Why SMC for Offshore Company Formation in Dubai?
Soham Management simplifies offshore business formation in Dubai. As certified consultants, we offer tailored solutions and expert guidance, ensuring a seamless experience. Join entrepreneurs worldwide in establishing and growing offshore enterprises with our assistance in AAFZA, RAK, and JAFZA.
- Smooth Procedures
- Strategic Collaborations
- Proven Success
Comprehensive Support
We offer comprehensive support beyond registration: accounting, auditing, visa processing. Ensure trouble-free, compliant Dubai offshore company formation
Industry Network
With extensive experience, Soham Management boasts a robust network in Dubai and beyond, offering valuable connections to foster the growth of your offshore organization.
Proven Track Record
With a proven track record in forming offshore companies across Dubai and UAE, we assure you of our reliability and commitment to customer success
Book a Free Consultation
Book a free consultation with us for expert guidance on Dubai offshore company liquidation.
Our team provides insights into the necessary steps and legal procedures, ensuring a smooth dissolution process.
UAE Offshore Company Formation – Frequently Asked Questions
No, foreign nationals may become shareholders and directors of the firm; however, the employment of a local agent is required to register an offshore company in the UAE.
Offshore business formation in Dubai takes around 4 to 5 working days. However, if you need to register quickly, you might choose for express registration. It takes only 48 hours to complete.
There are two sorts of legal frameworks for offshore companies.
Limited Liability firm (LLC): This legal structure creates a limited liability firm by isolating your personal assets from your company’s debts and legal obligations. In addition, your offshore firm income may be taxed favourably.
International Business Companies (IBCs): The IBC legal structure provides tax and tariff exemptions. This means a lower financial burden for enterprises involved in foreign commerce or investment.
Yes, international investors and offshore companies can only buy homes in Dubai’s approved foreign ownership zones. The Dubai Land Department (DLD) determines the list of designated sites, which is frequently updated by decrees and the issuance of new laws.
Offshore companies are generally exempt from corporation taxes. However, in order to achieve the 0% corporate tax requirements, they must comply with certain regulatory criteria.
The conditions needed are:
- Registration in Free Zones
- Intra-zone Management and Operations
- Unified Visa Issuance and Transfer Pricing Compliance.
- Derivation of Qualifying Income: De-minimization Criteria
You can establish an offshore corporation in the UAE and use local banking services at 0% tax rate. Additionally, you can open accounts anywhere over the world.