Calculate your business setup cost
The Cost Calculator will provide you with an estimate for the type of business you want to start in the UAE.
Offshore Company Setup
About Offshore:
Offshore Company is the right choice for every entrepreneur who wishes to protect their physical assets and funds raised out of international invoicing / trading. The main purpose of offshore setup is to hold assets of organization which operates inside or outside the UAE.
OFFSHORE JURISDICTIONS IN THE UAE:
- RAK ICC
- JAFZA Offshore
- AJMAN Offshore
BENEFITS OF SETTING UP AN OFFSHORE COMPANY:
- Low startup cost
- Speedy incorporation process
- 100% tax-free
- 100% foreign ownership permitted
- No paid-up share capital or audit requirement
- Multiple bank accounts
Popular Licenses
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 a company secretary.
No minimum share capital is 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.
Process for offshore license
- Choose business activity
- Finalise company name
- Complete incorporation paperwork
- License issuance
- Open company bank account