Setting up an Offshore company is an ideal option for those seeking full foreign ownership, a simplified setup, and minimal maintenance. It also has zero tax on income and capital, asset protection, complete confidentiality, and privacy. This article will guide you on how to start an offshore company in Dubai.

The Benefits  

Zero Tax Liability

Offshore businesses in Dubai are exempt from personal, corporate, VAT, customs, and capital gains tax, which will ultimately optimize your returns.

Asset Protection

Offshore companies protect assets like IP, securities, and real estate from creditors and litigation

100% Foreign Ownership

You are independent and have complete control; you do not need a local sponsor

Privacy & Confidentiality

Offshore entities are not obliged to publish their shareholder or financial information.

Access to UAE Banking

You can open bank accounts in the UAE and do transactions easily across the globe.

Easy Setup & Low Maintenance

It only takes 3 to 7 working days to set up the company, and no physical office is required; thus, only minimal administration is required.

Flexibility & Global Reach

Since no physical presence is required for Offshore companies, it is an ideal option to hold assets, international trade, and global structuring.

The Process

1. Choose the required Offshore Jurisdiction

Two of the popular jurisdictions are,

• JAFZA Offshore – it is ideal for trade and holding entities
• RAK ICC Offshore – it is ideal for consulting and asset holding, it is also cost-effective

2. Contact a Registered Agent

The Offshore company’s registration should be done through an UAE-licensed agent who handles documentation, incorporation, and banking introductions

3. Choose the Company Name

Decide on a name that will comply with the UAE naming conventions, such as ending with “Ltd.” and avoiding terms like “bank” or “royal”

4. Submit Documents

Documents required to submit include,

• Director/s and Shareholders’ passports
• Proof of address
• CV or Business profile
• Memorandum & Articles of Association (MOA)
• Business activity description or plan (if required)

5. Receive Incorporation Documents

You will receive the following within 3-7 working days,

• Certificate of Incorporation
• MOA
• Share certificates
• Company Registry documents

6. Open Bank Account

Once you get the certificate of Incorporation, you can start a UAE-based bank account for international transactions.

7. Ensure Annual Maintenance

Annual Maintenance includes,

• License renewal
• Maintaining a registered agent
• Minimal compliance, but audits are not required unless specified by the jurisdiction

Why You Should Start an Offshore Company in 2025

 

Offshore companies are ideal for those who focus on asset protection, global operations, and tax efficiency without the need to enter the UAE local market. It is perfect for those who want to hold real estate, shares, manage an international consultancy, ease the multi-currency banking access, and isolate assets from domestic jurisdictions. Dubai offers global connectivity and great legal frameworks for international entrepreneurs.

FAQs

Q: How long does it take to set up an Offshore Company in Dubai?

A: It takes 3-7 working days.

Q: Where can I open an Offshore company in the UAE?

A: There are 2 major jurisdictions, JAFZA Offshore and RAK ICC Offshore

Q: Do I have to pay taxes for my Offshore Company?

A: No, you can enjoy 0% tax.