DUBAI OFFSHORE COMPANY INCORPORATION

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Establishing an offshore company in

DUBAI

Dubai’s strategic geographic location as a crossroads between Europe, Asia, and Africa provides a competitive edge for companies seeking international expansion by simplifying access to global markets and offering logistical advantages.

DUBAI - UAE OFFSHORE COMPANY FORMATION

The range of activities an offshore company in Dubai can engage in is extensive, with import-export, consultancy, service provision, and holding being among the most common.

Dubai stands out as a premier choice for establishing offshore entities within the United Arab Emirates, driven by factors such as privacy, strategic location, and robust infrastructure.

A key benefit of the United Arab Emirates as an offshore financial hub is its tax exemption policy. It’s crucial to emphasize that while this jurisdiction offers tax advantages, it’s not considered a tax haven, leading to the signing of 114 double taxation agreements with other nations.

Despite the appeal of setting up an offshore company in Dubai, we recommend considering establishing a company within one of Dubai’s free zones. This approach not only facilitates residency in the Emirates but also allows businesses to leverage double taxation treaties, a benefit not typically available to offshore entities.

All offshore companies operating within the United Arab Emirates, specifically within free zones, must obtain a specialized license to conduct their operations.

UNITED ARAB EMIRATES (UAE)

The United Arab Emirates (UAE) is a federation located in the Middle East, characterized by a federal constitutional monarchy. It comprises seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. The country is bordered by Oman to the south, the Arabian Gulf to the north, and Saudi Arabia to the west and south.

Oil serves as the primary source of revenue and is a pivotal component of the GDP. Among 178 countries, the United Arab Emirates ranks 30th in terms of GDP and 38th in the Human Development Index, as determined by the United Nations.

Since 2019, the European Union has delisted the United Arab Emirates from its roster of non-cooperative jurisdictions.The Emirates host numerous free zones. For instance, Ras Al Khaimah (RAK) has experienced notable growth in recent years, owing to its comparatively lower construction costs. Another noteworthy zone is the Jebel Ali Free Zone (JAFZA), the oldest of its kind, accommodating over 7,500 international companies.

UAE OFFSHORE COMPANY INCORPORATION SERVICE FEES

Incorporation in 5-7 business days.
Remote - 100% online.
Bank account with top banks.
Guaranteed anonymity.

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USES OF AN OFFSHORE COMPANY IN THE UNITED ARAB EMIRATES (UAE)
INTELLECTUAL PROPERTY
A good choice for managing and collecting commissions or royalties related to intellectual property.
BUSINESS AGENCY
A good choice to be part of an agency contract with another group company in the European Union (England, Cyprus, etc.).
INTERNATIONAL TRADE
A favorable and suitable jurisdiction for carrying out activities such as e-commerce, import/export, and/or professional services, with income tax exemption.
HOLDING
A holding is a parent company whose purpose is to bring together partners or shareholders who wish to acquire a significant influence in other companies.
CONSULTING ACTIVITY
To conduct consulting activities such as marketing agency, financial consultants, and software development.
LOGISTIC
The UAE is considered a crossroads that connects Europe, Africa, Asia and the Middle East. It is a very good option to create a logistics or transport company given the geographical location and the infrastructure that the country has.

ADVANTAGES OF SETTING UP AN OFFSHORE COMPANY IN DUBAI (UAE)
CAPITAL
No capital release requirement when setting up a company.
ACCOUNTANCY
No accounts to file. However, keeping accounting books is mandatory.
RESIDENCE
No restrictions regarding residence or nationality of shareholders and/or directors. For onshore companies, you must have a shareholder (49% of the shares) resident in the Emirates.
CORPORATE TAX
Exemption from profit tax, income tax, capital gains tax and inheritance tax.
ANONYMOUS BANK ACCOUNT
Possibility of having a bank card and an anonymous offshore bank account.
CONFIDENTIALITY
With flexible legislation, Dubai is not considered a tax haven according to the OECD and FATF. Politically stable and benefiting from bureaucratic ease, creating an offshore company guarantees the secrecy and confidentiality of investors.

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Company formation and management

DUBAI OFFSHORE COMPANY MAIN CHARACTERISTICS

Incorporation time frame
5 – 7 working days
Type of business entity
IBC, FZC, FZE
Corporate tax
0- 9 %
ISO standards
Available
Performance
Shell company, Trading company, Cryptocurrency company
Information concerning Shareholder
Disclosed
Nominees services
Nominees services
TVA
5% for domestic operations

LOOKING TO START YOUR OWN DUBAI OFFSHORE COMPANY?

Book your appointment with our team of experts.

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