COMPANY SETUP

Create your OFFSHORE company in DUBAI

What you need to know about offshore companies in Dubai

UAE offshore companies should not be confused with Free Zone companies. An offshore company is a legal business entity established with the intention of operating exclusively outside its registered jurisdiction and/or location. Under no circumstances can it conduct business transactions with Free Zone or Mainland companies.

It also does not allow the application for a Resident Visa or a Residence Tax Certificate. For this, a Free Zone company is required.

There may be many reasons for registering an offshore company, but the main advantages of using this type of structure include:

  • No need for a local sponsor or partner
  • An offshore company is quick and easy to set up
  • 0% tax on personal or business income, capital gains and inheritance tax
  • The possibility to operate with a local multi-currency bank account or an international account from any country.
  • Conducting different types of activities within the same company is possible (not possible for a Free Zone)
  • Repatriation of all of the company’s capital and income
  • Confidentiality and Anonymity
  • No need to rent office space
  • Access to a stable, business-friendly legal system
  • Access to a more flexible regulatory regime;
Consult us for free to set up your company in the UAE

Which jurisdictions for an offshore company?

The two main jurisdictions offering offshore companies in the UAE are Ras Al Khaimah (RAK) and Jebel Ali Free Zone (JAFZA). Both are “tax free” jurisdictions that levy neither income nor corporate tax and allow 100% foreign ownership. The UAE has double tax treaty agreements with over 40 other countries.

Ras Al Khaimah (RAK) and the Jebel Ali Free Zone (JAFZA) allow remote company formation and will save you travel. However, registration is only possible through an agent approved by the authorities.

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