Start Your Offshore Venture in Dubai and Sail Into Success!
You can have your offshore company setup in Jebel Ali Free Zone (JAFZA Dubai), in Ras Al Khaimah (RAK) and the Ajman Offshore (AFZ). These “tax-free” jurisdictions specialize in offshore businesses. But note that you can carry out your business activities only outside the UAE. As you go for an offshore company incorporation UAE, you can gain from a greater business scope, smooth setup processes, great logistics, prime locations, and 100% ownership.
Offshore company formation in Dubai can cost between AED 10,000 and AED 40,000. The exact cost depends on what kind of business you want, and where it’s located in Dubai(JAFZA), Ras Al Khaimah(RAK) or Ajman (AFZ), and other factors. You’ll also have to lease an office space. Plus, to follow the local rules, legal assistance might cost extra.
Licenses Available For Your Offshore Firm in Dubai
An offshore company setup in Dubai can choose from many licenses. Having different license types helps all kinds of offshore firms work how they want. This makes their start and growth easier. To gain from a flexible and lively business environment, take a look at licenses for offshore business.
This license enables companies to hold and trade a wide range of international investment instruments such as foreign currencies, futures, options, etc. This includes listed and unlisted shares in other companies, bonds, commodities, etc. Learn More
Diverse Legal Structures for Your Offshore Firm
You can base your offshore company formation in Dubai on various legal structures to fit your needs. This variety helps you pick a suitable setup. And you can gain from various perks. For example, you can have asset protection. You also save on taxes. Or simply do business around the world! But whatever structure you pick for your offshore firm, you're in for some big perks!
Limited Liability Company (LLC)
An offshore LLC is made to give business owners a key perk: limited liability. As a result, your personal assets will be different from your firm's debts and legal obligations. Plus, your LLC's income may get favorable tax treatment.
International Business Companies (IBCs)
IBCs are set up in the UAE for conducting business activities outside of the United Arab Emirates (UAE). They don't do much business operations in the UAE itself. One of the key perks of an IBC is tax and duty exemptions. This can greatly decrease the financial load on firms doing international trade or investment activities.
Required Documents Checklist
Find below the list of documents required for offshore company formation in the UAE.
Note* List of document requirements is subject to change as per the desired license activity and respective authority for your offshore company setup.
An estimated timeline for offshore company setup in the UAE is mentioned below for your reference.
Discover the Benefits of Offshore Company Formation in Dubai
Dubai stands out as the prime spot for offshore businesses. These firms can enjoy a lot of perks in Dubai. It is easier for firms to invest in real estate, make strategic partners, and work with flexibility and freedom.
Offshore firms in Dubai get great tax perks. Plus, they get to keep most of their profits. They can easily take their earnings out of Dubai without any issue. They can reinvest this money in their firm to grow even more.
Strategic Global Location
Dubai is a prime hub that links the East and West, making it a perfect place for businesses. So, your offshore firm can reach customers all around the world. Plus, Dubai has great airports and seaports. This makes it easy to bring in and send out goods to and from other places. So, importing and exporting is really smooth for offshore firms in Dubai.
100% Foreign Ownership
Offshore firms in Dubai enjoy 100% foreign ownership. So, you can fully own and control your offshore businesses. You won't need a local partner. This gives you more freedom and control over your business.
Local Real Estate Ownership
Offshore companies in RAK and JAFZA can directly own Dubai real estate properties. This is a great perk if you want to invest in the thriving city's real estate market. It gives flexibility and the scope for long-term growth as you can hold property assets in the emirate.
Shares in Local Companies
Offshore firms generally are not allowed to do business with UAE residents. But RAK and JAFZA officials let their offshore firms hold shares in both free zone and Onshore (LLC) firms. This way, you can make tactical partners. Plus, you can work with local firms.
No Minimum Share Capital Requirements
Offshore company formation in Dubai doesn't have minimum share capital rules. So, you can start with capital amounts that suit your needs and financial scope. You won't bear the initial financial load. Also, you'll be able to manage capital easily.
Steps of Offshore Company Formation
Select Your Business Structure
Open an Offshore Bank Account
We have a range of business-specific packages for offshore company formation in Dubai. So, you can easily pick the one that’s perfect for your business needs. Our solutions have all the essential aspects for operating your offshore business. This includes company registration, office space, and expert assistance in the process of opening a bank account in the UAE. Your dream offshore business turns into reality with our tailored packages.
Get Ajman Offshore Business License
Get RAKEZ Offshore Business License
Get JAFZA Offshore Business License
Cost Calculator For Business Setup In Dubai
Complete A Few Steps To Find Out The Cost Of Business Setup. Be Prepared And Start Your Business Journey In Dubai After Knowing The Cost Required With Our Easy-To-Use Cost Calculator.
Avyanco knows that starting a business can be very tricky. But we’re here to make offshore company formation in Dubai easy. We are a certified business setup consultant and auditing firm in Dubai. Our customized packages and services have been supporting entrepreneurs from all over the world in setting and expanding their offshore businesses in AAFZA, RAK and JAFZA. We have a great team to make every step of offshore company formation in Dubai easy for you. From business registration to getting licenses, we make sure you get a stress-free experience.
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Frequently Asked Questions
No, Foreign national can become a shareholder and director of the company however appointment of the local agent is must to register the offshore company in UAE.
Offshore company formation in Dubai takes around 4 or 5 working days. But, if you want to register it urgently, you can go for an express registration. It takes just 48 hours to complete.
There are two types of legal structures for an offshore company.
Limited Liability Company (LLC): This legal structure offers a limited liability company, separating your personal assets from your company’s debts and legal responsibilities. Also, your offshore company income may enjoy favourable tax treatment.
International Business Companies (IBCs): The IBC legal structure offers tax and duty exemptions. This means reduced financial burden on companies engaged in international trade or investment activities.
Yes, foreign investors and offshore companies can purchase properties in Dubai only in designated foreign ownership areas. The list of designated areas is determined by the Dubai Land Department (DLD) and is updated periodically through decrees and issuance of new regulations.
In general, offshore companies are exempt from corporate tax. However, they must meet some regulatory requirements to meet the 0% corporate tax requirements.
These requirements are:
- Registration in free zones
- Intra-zone Management and Operations
- Unified Visa Issuance
- Transfer Pricing Compliance
- Derivation of Qualifying Income
- De-minimization Criteria
You can form an offshore company in the UAE and utilize the local banking services with a 0% tax rate. Additionally, you can also open accounts worldwide.
No, an offshore company cannot lease office space in the UAE. Instead, it needs a registered address for mail and secretarial services. Avyanco can provide these services as your offshore company’s registered agent.