Offshore Business Setup in Dubai
Navigate the complexity of offshore business setup Dubai with ease. We offer fast, transparent incorporation services, handling all legal requirements, banking assistance, and compliance for your new UAE entity.
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Benefits of Offshore Business Setup
- Tax Advantages: Enjoy a tax-free environment with no corporate taxes on profits.
- Full Ownership: Maintain 100% foreign ownership without needing a local partner.
- Privacy Protection: Benefit from strict confidentiality laws that keep your ownership and financial details private.
- Flexible Business Operations: Conduct a wide range of international business activities without a physical presence in the UAE.
- Quick Setup Process: Complete the registration process in just a few days, allowing for fast business initiation.
- Access to Global Markets: Leverage Dubai’s strategic location for easy access to international markets.
- Minimal Regulatory Interference: Experience fewer regulations compared to onshore businesses, simplifying operations.
- Multi-Currency Banking: Open offshore bank accounts that allow transactions in multiple currencies for smoother international operations.
- Asset Protection: Safeguard your assets from local economic fluctuations.
- Professional Support Network: Access to a strong network of business consultants and legal advisors to guide you through the setup process.
Key Features of Dubai Offshore Companies
Offshore business setup in Dubai offer a range of features that make them highly appealing for global investors. One key benefit is the ease of setting up offshore corporate bank accounts. These accounts allow access to multi-currency bank accounts, perfect for managing international transactions. Dubai offshore entities can open accounts with local and international banks, including corporate banks that offer tailored financial solutions.
The financial setup includes submitting a bank reference letter, obtaining a bank guarantee letter if required, and providing annual financial statements. This ensures that the offshore business setup remains compliant while enjoying Dubai’s tax-free environment. With strong support from the local banking sector, offshore companies are well-equipped to handle the complexities of international finance.
Choose Your Offshore Jurisdictions in UAE
When considering setting up an offshore business in Dubai, you have some jurisdiction options to choose from:
RAK Offshore
Located in Ras Al Khaimah, this option is popular for its fast registration process. Plus, it provides great privacy features, making it an excellent option for those who value their privacy.
Jebel Ali Free Zone (JAFZA)
If you're aiming to tap into global trade, JAFZA is the perfect place for you. It has great connections to international markets, making it a fantastic choice for businesses eager to grow and expand.
Dubai Offshore
This jurisdiction provides a reliable regulatory environment and gives you access to Dubai’s robust financial and legal resources. It is a great choice for businesses looking to succeed in the global market.
Ajman Offshore
This is a budget-friendly choice for entrepreneurs seeking a cost-effective setup without compromising on quality.
If you are unsure which place is best for your business, contact our expert business setup consultants in Dubai for advice!
Steps to Register Offshore Company in Dubai
The step-by-step guide to offshore business setup ensures a smooth registration process. Here’s how you can establish your offshore company:
- Choose the Offshore Jurisdiction: Select from options like JAFZA, RAK, or Ajman.
- Submit Required Documentation: Provide your passport, utility bills, and other necessary documents.
- Approval of Company Name and Activities: Get your business name and activities approved by the relevant authorities.
- Drafting of Memorandum and Articles of Association: Prepare the legal documents for your business structure.
- Company Registration and Issuance of Incorporation Certificate: After you sanction all the paperwork, you formally incorporate your business.
- Opening an Offshore Bank Account: Set up a multi-currency bank account for smooth international transactions.
- The estimated time for completion is typically 1-2 weeks.
Required Documents for Offshore Business Setup
The list is separated based on the type of shareholder for the new company:
1. For Individual Shareholders
- Passport Copy
- Proof of Residence
- Original Bank Reference Letter
- Curriculum Vitae (CV) / Professional Profile
- Ultimate Beneficial Owner (UBO) Declaration
- Company Proposal
2. For Corporate Shareholders
These documents are for the Parent Company acting as the shareholder of the new UAE Offshore Entity:
- Certificate of Incorporation / Registration / Trade License
- Memorandum & Articles of Association (MOA/AOA)
- Certificate of Good Standing
- Certificate of Incumbency / Register Extracts
- Board Resolution
- KYC for UBOs
Cost of Setting Up an Offshore Company in UAE
Setting up an offshore company in the UAE is a cost-effective option compared to Free Zone or Mainland companies, as there is generally no requirement for physical office space or UAE residence visas.
The costs vary significantly based on the jurisdiction you choose. The main offshore jurisdictions in the UAE are RAK ICC, JAFZA Offshore, and Ajman Offshore.
Jurisdiction | Approximate Starting Setup Cost (AED) | Approximate Annual Renewal Fee (AED) |
RAK ICC | AED 12,000 – AED 15,000 ($3,290 – $4,080) | AED 8,000 – AED 10,000 |
Ajman Offshore | AED 11,500 – AED 14,000 ($3,130 – $3,810) | AED 7,500 – AED 9,500 |
JAFZA Offshore | AED 18,000 – AED 22,000 ($4,900 – $5,990) | AED 9,000 – AED 12,000 |
Why Choose Helen and Sons?
At Helen and Sons, we specialize in helping entrepreneurs navigate the process of offshore company formation in the UAE. We offer customized solutions based on 15 years of experience and knowledge of local regulations to meet client needs. Our goal is to make your business setup in Dubai as smooth and efficient as possible.
- Expertise in UAE Offshore Jurisdictions
- Full Range of Services (Company Setup, Bank Account Opening, Legal Compliance)
- Transparent Pricing and No Hidden Fees
- Dedicated Support Team for Hassle-Free Setup
- Trusted by International Clients
Frequently Asked Questions (FAQ)
What is the difference between offshore and free zone companies in Dubai?
Offshore companies focus on international trade, while free zone companies can operate in the UAE’s domestic market.
Can an offshore company in Dubai do business within the UAE?
No, offshore companies cannot conduct business within the UAE but can manage international trade.
How much does it cost to setup offshore company in Dubai?
Costs vary by jurisdiction but are generally affordable compared to other international destinations.
How long does it take to form an offshore company?
It typically takes between 1 to 2 weeks.
What is the process for opening an offshore bank account?
You need to provide company registration documents and a bank reference letter to open an account.