Start Your Business In The UAE
Offshore Company Setup
About Offshore Company Setup
Offshore entities are authorized to establish a bank account in the UAE; nonetheless, they are restricted from obtaining work visas or establishing a physical presence within the country. Typically, offshore licenses are utilized as holding companies and are primarily established for foreign operations, aiming to gain financial, legal, and tax advantages. It is worth noting that offshore companies located in free zones such as JAFZA and RAKICC are authorized to possess real estate 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.
Offshore Registration Process
- 1Choose business activity
- 2Finalize company name
- 3Complete incorporation paperwork
- 4License issuance
- 5Open company bank account
Benefits of Operating in Offshore
Low initial cost
Prompt incorporation process
Full exemption from taxes
Complete foreign ownership authorization
No requirement for paid-up share capital or audit
The ability to open multiple bank accounts
