You can set up an offshore company in Dubai. This is a company that isn’t in a freezone or the mainland. An offshore company is a legal business set up with the intent of conducting business activities outside its registered location of ownership or jurisdiction.
In most cases, an offshore company doesn't need a physical office space but cannot conduct extensive business activities in the country of origin.
At Dubai Visa and Investment Company, we can assist you in setting up an offshore company. Individuals and institutions can set up and own an offshore company, and the shares are easily transferred by written document.
Offshore company setup in Dubai is a fast-growing business in the country. It aims to eliminate or minimise taxes associated with capital gains, property sales, death duties, value-added tax (VAT) and profits on the business.
Important considerations for offshore company registration in Dubai include the ability to protect or hold property and other assets, create or maintain wealth, and provide international trading, consulting and contracting services from one location.
Our offshore company setup packages include
The following are the benefits of starting your offshore business with our help.
Unlike other jurisdictions, the UAE has a regulated banking system, high-level telecommunication networks, easy access to international markets, and sophisticated facilities and infrastructure.
An offshore company in Dubai has several benefits. These benefits include;
Establishing an offshore company is relatively quick and easy, and we can have this process completed in a few days.
An offshore company can be strategically designed to reduce overall international tax liability. There is no minimum share capital, but the government may ask that the paid-up capital be equivalent to the proposed activities.
Some property developers allow up to four individuals to purchase a property like an apartment, office or villa, but for offshore companies, the property owners can be up to 50.
Choosing a jurisdiction for an offshore company depends on several factors, such as the regulations and laws of the country the business is established, the geopolitical and political climate of the region based on plans, the type of assets and the nature of the business.
The list of top offshore companies in the UAE includes
These companies allow 100% foreign ownership and are tax-free jurisdictions that incur no corporate or income tax. The UAE negotiated Avoidance of Double Taxation Treaty Agreements (DTTAs) with over 110 countries.
These jurisdictions have specific benefits. The RAK ICC is the fastest and cheapest option to set up an offshore company in the UAE. The incorporation can take only a few days. RAK offshore is an established offshore jurisdiction in the Middle East with over 14,000 companies in 50 sectors.
RAK ICC and JAFZA offshore companies are the only offshore companies permitted to own properties in Dubai.
All UAE offshore companies can open multi-currency accounts in the country and can conduct business internationally.
Offshore companies have a few restrictions in Dubai.
An offshore company registration has a few requirements which vary for corporate and individual applicants. However, some requirements apply to all applicants.
Requirement for individual applicants
Requirement for corporate applicants
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Certified copy of passport
Certified copy of passport
Proof of address, like a tenancy agreement or utility bill
Bank reference letter
Bank statement for the last six months
Address proof like a tenancy agreement or utility bill
UAE offshore companies can open domestic bank accounts and accounts in other countries. The types of banking options include
Commercial banking is dedicated to SMEs and start-ups in the UAE. It offers the most flexible banking facilities to start a business. The UAE banking vision aims to support start-ups and SMEs and provide solutions to improve the country’s economy.
This is the standard personal banking for individual customers used in branches of larger commercial banks. Over 50 retail banks are available in the UAE. The retail banking system offers a wide range of services, such as current accounts and personal savings, debit and credit cards, and personal and auto loans. Retail banking focuses on the individual customer level.
Banks in UAE offer one of the highest ROI rates starting at 3% interest. The economic and political position also makes UAE a leading global investment centre.
Banks in UAE offer Islamic banking governed by Federal Law No. 6 of 1985 and Shari’a Law. H. H. Sheikh Mohammed bin Rashid Al Maktoum’s strategic plan includes establishing Dubai as a global Islamic banking centre.
Opening a UAE bank account is safe, easy and regulated by the Central Bank. Our experts can pre-evaluate your profile and provide a list of banks suitable for your requirements. When you select a bank, we will contact the bank and organise a meeting with them.
After the meeting, providing the necessary documents and signing the back form, the bank will process them within 15 days and open the account and send your banking details.
Dubai Visa and Investment Centre will make your offshore account formation easy and stress-free. Contact us at office No. 4108, 41st floor, Churchill Tower, Business Bay, Dubai, United Arab Emirates or 971 544563095.
A UAE offshore company allows you to keep a virtual office while gaining the benefits of the UAE market. It also requires low capital and tax.
You need approvals and documentation from the government, such as MoA, visa and passport, to set up an offshore company in Dubai. We can assist you with a quick and easy offshore company setup in Dubai.
Offshore companies do not pay corporate tax on profits.