A firm can be incorporated offshore, outside of the UAE’s mainland and outside of a free zone. The British Virgin Islands, Cayman Islands, and Mauritius are all ideal locations. An offshore corporation is a legal entity founded to operate outside of its registered jurisdiction or place of ownership. Offshore companies often do not need to rent office space but cannot do a large business in their home nation.
Offshore companies can be formed and held by people or institutions, and shares can be readily and freely transferred by written instrument. Offshore company creation in Dubai is a rapidly expanding industry for establishing new businesses nationwide. It is primarily designed to minimize or eliminate taxes linked to property transactions, capital gains, value-added tax (VAT), death duties, and company profits.
The capacity to develop or keep wealth, hold or safeguard property and other assets, and provide worldwide trade, contracting, and consulting services from a single location are favourable factors for investors considering offshore company registration in Dubai.
The United Arab Emirates boasts a highly regulated financial system, advanced infrastructure and facilities, cutting-edge telecommunications networks, and easy access to international markets compared to many other countries.
Establishing an offshore corporation in the UAE has several commercial advantages:
• Steady and business-friendly legal system
• Flexible regulatory environment
• Tax neutrality
• Asset segregation and protection
• Gateway to international markets
Offshore companies may be incorporated quickly and easily, and we often finish the procedure in a few days. Choosing a jurisdiction for offshore company registration in Dubai is contingent upon several factors, including the laws and regulations of the country as they pertain to the business, the political and geopolitical climate of the region concerning plans, the precise nature of the company, and the type of assets it will hold.
Leading offshore firms in the UAE:
- Jebel Ali Free Zone Authority (JAFZA)
- RAK International Corporate Centre (RAK ICC)
Both countries enable 100 percent foreign ownership and have no income or corporation tax. The UAE has concluded Avoidance of Double Taxation Treaty Agreements (DTTAs) with more than 110 nations.
The RAK ICC is regarded as the cheapest and quickest option to establish an offshore company in the United Arab Emirates, with incorporation being finished within days. RAK Offshore is one of the most established offshore jurisdictions in the Middle East, with an impressive list of over 14,000 companies in 50 sectors. Meanwhile, JAFZA and RAK ICC are the only UAE offshore vehicles eligible to acquire property in Dubai.
All offshore companies in the UAE can open multi-currency accounts and conduct worldwide business.
Benefits of Offshore Company Formation
- Ideal place for international trading, legally exempt from corporate tax
- Shareholders or directors not required to register their details and name for public record
- Exempt from annual accounting and other tax obligations
- Easy to setup corporate bank account in UAE
- Full repatriation of funds and allows multi-currency transactions
- Complete ownership of your company
- Maintain confidentiality in the business dealings
- No trade barriers or any other foreign exchange controls
We provide complete offshore company establishment and administration services in the UAE. These services include corporate and business documents, bank account establishment, and the provision of directors, company secretary, and nominee shareholders as needed. We will also communicate with the relevant authorities on your behalf. Get in touch with our team and get started.