Offshore

Offshore company formation in the UAE is an ideal option for businesses focused on holding assets, managing wealth, and conducting international trade. These companies are not permitted to engage in business activities within the UAE market but offer significant advantages, such as tax exemptions and complete privacy for owners and directors.

Setting up an offshore company in the UAE provides the following key benefits:

• 100% Foreign Ownership: Full control of your business with no need for a local partner.
• Tax-Free Jurisdiction: No corporate taxes and full repatriation of profits and capital.
• Privacy Protection: Enhanced confidentiality for shareholders and directors.
• Ease of Operations: Simple setup process with minimal regulatory requirements.
• Banking Flexibility: Ability to open multi-currency international bank accounts.
• Asset Protection: Offshore companies are often used for wealth management, holding assets, and reducing liability risks.

Popular Offshore Jurisdictions

• RAK International Corporate Centre (RAK ICC): Known for its straightforward setup process and low costs, ideal for holding companies.
• Jebel Ali Offshore (JAFZA Offshore): Offers the option to own property in designated areas of Dubai.
• Ajman Offshore: The most affordable offshore option in the UAE, suitable for small businesses and holding companies.

Types of Offshore Companies

• International Business Company (IBC): Ideal for international trading, holding assets, and conducting business outside the UAE.
• Holding Company: Used to manage investments, subsidiaries, and assets.

Legal and Regulatory Compliance

Offshore companies in the UAE must adhere to the following:

• Offshore License: Required to operate an offshore company legally.
• Registered Office: Must have a registered office within the offshore jurisdiction.
• No Business Within UAE: Offshore companies cannot conduct business or provide services within the UAE.