Offshore Company Setup in Dubai

A Dubai offshore company is a business registered in the UAE for tax purposes, but it operates its business activities outside the country. These companies are called limited liability companies, which means your money is safe. It's important not to mix up offshore companies with UAE Free Zone companies. An Offshore Company is a legal business that is set up to operate outside its registered location and the place where it is owned.

People decide to start offshore companies in Dubai for various reasons. One major reason is that they don't have to pay corporate tax in the UAE on profits earned outside the country. If the company stayed in its original location, it would have to pay more tax. Starting an offshore company in Dubai can save a lot of money in taxes, potentially thousands of dollars.

What are the steps to Setup an Offshore Company in UAE?

Looking for Offshore company formation in the UAE? Here's a breakdown of key requirements

  • Ownership and Leadership: A minimum of one shareholder and director is needed.
  • Registered Agent: Appoint a registered agent to facilitate the process.
  • Physical Presence: Secure a registered office address within the UAE.
  • Legal Documentation: Draft and submit the company’s Memorandum and Articles of Association to the registrar.
  • Identification: Shareholders must furnish a valid ID document or passport copy.
  • Financial Statements: Typically not required, providing flexibility.
  • Share Capital: No minimum requirement, ensuring financial freedom.
  • Business Scope: Offshore companies can only operate internationally, restricted from local trading.

  • To ensure seamless compliance, consider consulting a professional service provider or a company formation specialist. Customize your approach based on the specific jurisdiction within the UAE where your company is taking root.

Limitations of UAE Offshore License

There are always two sides of a coin. The disadvantages of the UAE offshore company set up are as follows:

  • Restriction on trade boundaries- As an entrepreneur setting up in the UAE offshore, you cannot trade in the UAE mainland or free zone.
  • Restriction on business activities- The business activities that can be practised with an offshore company set up licence is lower than that in the UAE Mainland and some activities such as banking,etc. cannot be carried out.
  • No office space- You care not allowed to own an office space in the UAE
  • No visa provided- As an offshore business owner, you do not get the UAE visa issued.

Choose RadiantBiz for Offshore Company Formation

Dubai’s offshore licence offers firms a cost-effective regulatory environment with complete tax and tariff exemptions. Offshore company formation in Dubai is becoming a dream come true for every overseas investor thanks to excellent business financing infrastructure. RadiantBiz allows your firm to have numerous bank accounts in various currencies to do worldwide commerce.

We are providing effective solutions for your offshore set-up and banking hurdles. Contact our business setup consultants in Dubai, today to get started with your business set up in the UAE offshore.

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    Advantages of Setting up an Offshore Company in Dubai

    We have talked about how the UAE offshore should be your priority for business setup. But what are the advantages of setting up a business in the UAE offshore? The advantages of business set up in the UAE offshore is as follows:

    Quick and easy to setup

    Flexible laws and no red tapping. Get rid of excessive bureaucracy or adherence to formalities.

    Get corporate bank account

    Setup your corporate bank account in UAE with your offshore company license in uAE.

    100% repatriation

    Get 100% profit repatriation to your native country and get tax benefits as well.

    Tax exemption

    get 100% tax exemption on personal or corporate income or gains.

    Business privacy

    There are no restrictions on foreign currency exchanges & money transfers.

    Asset protection

    Secured and protected investments and full investment security.

    What are the documents needed for Business Setup in the UAE offshore?

    Business setup in any jurisdiction requires a set of documents. The documents required for setup in the offshore are as follows:


    Business Plan

    You need to present a business plan for at least three years, along with name reservations and the type of business activity.


    Bank Paperwork

    You need to have an original bank reference letter or 6 monthly bank statements that are stamped by the bank.


    Address Proof

    You are required to present a valid proof of address that may include any utility bills that bears a credible address.


    Shareholders Prerequisites

    You are required to submit a CV of the shareholders along with their passport copies.

    What are the types of legal entities that can be Setup in the UAE Offshore?

    There are 4 types of companies that can be set up in the UAE offshore. These are as follows:

    Frequently Asked Questions