UAE Offshore Company Formation

About Offshore:

Offshore companies are permitted to open a bank account in the UAE, however, they cannot issue work visas or have a physical office within the country. Offshore licenses are typically used as holding companies and are mainly incorporated for operations in foreign countries with financial, legal and tax benefit purposes. Offshore companies under free zones such as JAFZA and RAKICC can own real estate in the UAE.

Logo

Calculate your business setup cost

Cost of starting an offshore company starts from AED 8,500 depending on the business activity and other factors.

Calculate
Banner Image

Advantages:

  • Low startup cost

  • Speedy incorporation process

  • 100% tax-free

  • 100% foreign ownership permitted

  • No paid-up share capital or audit requirement

  • Multiple bank accounts

Photo Frame
Advantages:

Key Features

Given below are the key features of an offshore company in the UAE:

A minimum of one shareholder is required and corporate shareholders are permitted. International corporate shareholders are required to have company documents attested.

A minimum of one director is required and corporate directors are permitted. Details of directors are not available on the public register.

Every company must have a secretary. A company director may also act as company secretary.

No minimum share capital required.

Every company must keep accounting records for 7 years from the date of inception. The accounts do not however have to be filed with the RAK authorities.

Key Features

Given below are the key features of an offshore company in the UAE:

A minimum of one shareholder is required and corporate shareholders are permitted. International corporate shareholders are required to have company documents attested.

A minimum of one director is required and corporate directors are permitted. Details of directors are not available on the public register.

Every company must have a secretary. A company director may also act as company secretary.

No minimum share capital required.

Every company must keep accounting records for 7 years from the date of inception. The accounts do not however have to be filed with the RAK authorities.

Background Primary
Background Line

Process:

  • Choose business activity

  • Finalise company name

  • Complete incorporation paperwork

  • License issuance

  • Open company bank account

Book your free consultation

Loading
Please enter First Name.
Please enter Last Name.
Invalid Phone Number
Please enter email.

Ready to get started?

or call us at +971 4 581 3618