Offshore company formation in Dubai, UAE
Dubai has opened its doors wide to those looking to start a business. The city has earned a stellar reputation as one of the most favoured business destinations worldwide, and the reasons are clear. With its excellent infrastructure, world-class amenities, supportive government policies, and tax-friendly environment, Dubai is at the forefront of desirable locations for entrepreneurs. But that is not all! Dubai’s strategic location between Europe, Asia, and Africa makes it a global trading hub, ideal for conducting international business activities.
Offshore company formation in Dubai is one of the many attractive opportunities, especially for those looking to establish a global presence. At Dubiz, we are committed to your success. We offer exclusive offshore company formation services in Dubai, designed to help aspiring entrepreneurs, like you, start with confidence and ease.
Meaning of offshore company in UAE:
Wondering what is offshore company in UAE? Offshore companies are foreign legal entities incorporated in the UAE that conduct their operations outside the nation’s borders. One of the main reasons for setting up such companies is to benefit from the savings offered by the UAE’s liberal tax environment. These companies can engage in various business activities, including general trading, digital marketing, logistics, distribution, construction, and morr.
Here are the exclusive benefits of offshore company formation in Dubai:
- 100% foreign ownership and full profit repatriation.
- Significant savings on various taxes, including income, sales, and personal tax.
- No annual tax returns, accounting, or auditing requirements.
- Low investment needed with no physical infrastructure required.
- Ability to open bank accounts for holding multiple currencies.
- Easy access to global markets with vast opportunities.
- Better access to funds from global investors.
- Fast and easy setup compared to other business models.
- Operate in a politically, socially, and economically stable environment.
- Strong asset protection and business confidentiality.
Please note that offshore businesses in Dubai are strictly prohibited from conducting business operations within the Emirates. To operate locally, entrepreneurs must establish a business in either the mainland or a free zone.
Where can you start offshore company in UAE:
There are three main freezones in UAE for offshore company setup:
Jebel Ali Freezone Authority (JAFZA):
A tax-free jurisdiction, JAFZA, is the world’s largest economic zone and a top choice for offshore company formation in UAE. It offers 100% ownership, no corporate tax, and is an excellent, favourable location for growing your business. JAFZA provides confidentiality and privacy, and it is the only offshore jurisdiction in Dubai.
Regulation: JAFZA Offshore Regulations introduced by Jebel Ali Freezone Authority.
Ras Al Khaimah International Corporate Centre (RAK ICC):
Located in Ras Al Khaimah, RAK ICC is an ideal choice for those looking to expand their business overseas. Global investors can enjoy the most transparent and secure offshore company setup UAE here, with a variety of business and financial activities permitted.
Regulation: RAK ICC Business Companies Regulations 2018.
Ajman Freezone:
Ajman Freezone, located on Ajman Port, is one of the top choices for affordable offshore company formation in UAE. It offers a zero-tax system, a hassle-free setup for foreign investors, and minimal documentation. You can get your offshore company up and running in just two days.
Activities permitted for offshore companies here include general trading, consultancy, and advisory services, holding companies, investment and joint ventures, property ownership and more.
Regulating: Ajman Freezone Authority.
Steps for offshore company registration in Dubai:
Follow these simple for successful offshore company formation in Dubai:
- Choose your jurisdiction: Select the free zone that best meets your needs, such as Ajman, RAK ICC, or others.
- Select a registered agent: To start an offshore company in Dubai, you must hire a registered agent licensed by the relevant free zone authority. The agent will assist with incorporation and ensure legal compliance. Since offshore companies do not have a physical address in the UAE, the official address of your offshore company will be that of the registered agent.
- Choose your business activities: Finalize the activities your business will conduct. There is a range of activities to choose from, such as consultancy, trading, logistics, food markets, and more.
- Choose your business structure: Decide the legal form of your business as per the regulations of the selected free zone. Options include a Limited Liability Company (LLC), private limited company, holding company, etc.
- Finalize a trade name: Choose a name for your offshore business, ensuring it follows the naming guidelines set by the UAE government. Submit three name options, from which one will be approved by the authorities.
- Prepare the documentation: Gather the required documents for company registration. Ensure they are attested by the relevant authorities, which may include the UAE embassy in your home country and the Ministry of Foreign Affairs (MoFA) in the UAE.
- Apply for registration: Submit all documents along with the completed application form to the relevant government authority, pay the necessary fees. Once your application is reviewed and approved, you will receive your incorporation certificate.
- Open an onshore bank account: After receiving your incorporation documents, you can proceed to apply for a bank account for your business with bank in Dubai.
Documents needed for offshore company setup in Dubai:
Here is the list of documents you must prepare for offshore company formation in Dubai:
- Passport copies of shareholders
- Resume of shareholders
- Bank reference letter
- Three name options for the business
- Description of business activities
- Proof of address
- Memorandum and Articles of Association
- Board resolution
Cost of offshore company setup Dubai:
The cost of starting an offshore company in Dubai depends on the nature of your business, the number of shareholders, the number of visas needed, and other factors. Generally speaking, you can expect to pay anywhere from AED 14,900*. We advise you to contact our experts at Dubiz Business Setup, who can guide you towards the best package for your needs.
Offshore company formation in UAE with Dubiz:
An offshore companyformation in Dubai is more than just starting a venture; it is your gateway to endless possibilities. However, the setup process requires meticulous attention to paperwork and approvals. That is why we advise you to get in touch with company formation consultants in Dubai like Dubiz, who can make the process efficient and hassle-free for you.
Partnering with Dubiz ensures your successful business setup in Dubai. With years of experience and knowledge across multiple fields, our experts can handle everything on your behalf. Your business setup success is our top priority, which is why we offer a comprehensive range of company formation services Dubai to take care of all your needs under one roof:
- Company registration
- Trade licenses
- Visa and PRO services
- Accounting and VAT assistance
- Banking support
- Golden Visa consultation and application
We encourage you to contact our experts to find the best business solution for yourself.
Visit us at www.dubiz.co today!
