Start Business in UAE Offshore Jurisdictions

The United Arab Emirates is a sovereign, federal, presidential and elected monarchy comprising seven absolute monarchical emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. Of the seven Emirates, the Emirates of UAE allowing Offshore Company registration are Dubai and Ras Al Khaimah.

Main Benefits

About UAE Offshore Companies:

Jebel Ali Free Zone Authority – Dubai

The Jebel Ali Free Zone Authority, under Jebel Ali Free Zone Offshore Companies Regulations 2003, allows the formation of special status offshore companies with individuals or corporate bodies as shareholders, as a non-resident company, having a corporate legal entity.

RAKICC

RAKICC launched the International Business Company concept in 2015 subjecting the IBCs formed under it to be regulated by the International Business Company Regulation.

Uniqueness of UAE Offshore Jurisdiction / Business Setup Centres

  • UAE is not dependent or overseas territory of another country.
  • UAE has Double Taxation Avoidance Agreements (DTAA) with more than 40 countries.
  • Allows holding interest / ownership in properties in UAE

Advantage of Forming UAE Offshore Company

  • Asset Protection
  • Confidentiality & Anonymity
  • Exemption from all local taxes
  • Ease of Control, Maintenance & Operation
  • No Minimum capital requirement
  • No audit reports to be filed
  • It is not mandatory to hold shareholder(s), director(s) meeting

Restriction on Activities

A UAE Offshore company is subject to the following restrictions.

No UAE Offshore company shall

  • Carry on business with persons resident in the United Arab Emirates
  • Carry on banking business
  • Carry on business as an insurance or re-insurance company, insurance agent or insurance broker, a trust company or a financial institution