Offshore Company Setup

The benefits are endless when you open an offshore company in Dubai. These jurisdictions do not impose corporate or income taxes on the company owner. Rather, offshore companies are considered beneficial since they allow 100% foreign ownership to the investors. In addition to that, businesses are allowed to open multi-currency accounts in the UAE and conduct worldwide commerce.

Ajman Free Zone (AFZA), Jebel All Free Zone (JAFZA), and Ras Al Khaimah (RAK) are the three tax-free jurisdictions in the UAE. Investors may choose among these jurisdictions for offshore company setup in UAE. Each jurisdiction comes with different benefits, characteristics, legal rules and criteria.

• • Complete tax exemption.
  • No import or export taxes.
  • Increased potential for corporate growth.
  • No income taxes, corporation taxes, or personal taxes.
  • There are no currency regulations in offshore jurisdictions.
  • Offshore businesses offer the advantage of 100% foreign ownership.
  • Investors gain 100% returns from capital and earnings repatriation.
  • Investors can benefit from professional anonymity and financial confidentiality.
  • International transactions are made hassle-free with offshore business establishments.
  • The minimal capital requirement is not required for an offshore business formation in UAE.
  • An actual office is not necessary. Investors can avoid paying the costs associated with opening an office.

Offshore company setup is fairly easy in UAE since the government has actively been introducing corporate-friendly policies. However, there are some requirements for offshore company registration in Dubai that every investor must adhere to.

You can get your company licence in just a few days by diligently following the regulations that have been set forth. An offshore business in Dubai will conduct full-fledged services. Foreign investors are drawn to Dubai to start offshore companies due to various factors including:

• Asset protection.
• Tax Optimisation.
• Corporate account.
• Low Capital Requirements.
• Renowned offshore locations.
• Confidentiality and anonymity.
• Highest level of security and privacy.
• Legal protection through incorporation offshore.

To setup an offshore company in Dubai, UAE investors will have to submit the required documents to the concerned authority. Following are the documentation that you will need to provide to the DED.

For corporate shareholders:

• Board resolution.
• Hierarchy of beneficiaries.
• Memorandum of Association (MoA).
• Parent company certificate highlighting the name of owner/investor or shareholders/directors.

For individual shareholders:

• Proof of residency.
• The hierarchy of beneficiaries.
• Details of the owner/shareholder.
• Original bank reference document.
• Activities that offshore businesses will conduct.
• Selected name of the business to be established.
• Attested passport copy of the investor or owner of the company.