Offshore Business Setup in the UAE
The mainland refers to areas outside the free zones, with the Department of Economic Development (DED) serving as the regulatory body for issuing mainland licenses. Mainland companies can conduct business freely across the UAE and globally, without any limitations.
Main Benefits
Key Advantages of Offshore Business Setup in the UAE
100% foreign ownership allowed
Zero corporate and income taxes
Full repatriation of profits and capital
Ideal for holding assets and intellectual property
No physical office or visa requirements
High level of confidentiality and privacy
No auditing or bookkeeping obligations
Simplified incorporation process
Protection against double taxation through UAE treaties
No restrictions on international currency transactions
Perfect for global trade and investment activities
Reduced operating costs compared to mainland or freezone setups
Asset and wealth protection through legal structures
Flexible business structures with limited liability
Access to international banking services
Discuss your company setup requirements with us:
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+12121 21212
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License Acquisition Roadmap
Step-by-Step Process for Setting Up an Offshore Business
STEP 1
Choose your preferred offshore jurisdiction (e.g., JAFZA, RAK ICC).
STEP 2
Select your business activity and structure.
STEP 3
Reserve your company name.
STEP 4
Submit application forms and required documents.
STEP 5
Pay the registration and licensing fees.
STEP 6
Obtain the certificate of incorporation.
STEP 7
Open an offshore corporate bank account.
STEP 8
Apply for the establishment card, labor file, and visas.
License Types
Essential features of an offshore company in the UAE
Shareholders
At least one shareholder is required, and corporate shareholders are allowed. International corporate shareholders must have their company documents notarized.
Directors
A minimum of one director is necessary, with corporate directors also permitted. Director details are not publicly disclosed in the register.
Secretary
All offshore companies must appoint a secretary. A director can also serve as the company secretary.
Share Capital
There is no minimum share capital requirement.
Annual Reporting
Companies are required to maintain accounting records for seven years from their incorporation date, though these records do not need to be submitted to RAK authorities.
FAQs
Here’s Everything You Need to Know About Offshore Business Setup
What is an offshore company in the UAE?
An offshore company is a business entity registered in the UAE for international operations, offering tax benefits, confidentiality, and asset protection but restricted from conducting business within the UAE.
Can offshore companies open bank accounts in the UAE?
Yes, offshore companies can open corporate bank accounts in the UAE to facilitate global transactions.
What industries are suitable for offshore companies?
Offshore companies are ideal for international trade, holding companies, investment portfolios, intellectual property management, and asset protection.
Are offshore companies required to have a physical office?
No, offshore companies are not required to maintain a physical office in the UAE.
What are the tax benefits of offshore business setup?
Offshore companies benefit from zero corporate and income taxes, as well as the ability to repatriate profits and capital without restrictions.
