UAE Offshore Company Options

This type of package is ideal for an individual(s) who currently have a residency visa in the UAE and are looking at setting up a company to test out the concept of their new business venture before completly comitting to the a full business set-up. 

British Virgin Island (BVI)

AED13,250/yr
  • Minimum of 1 Shareholder
  • Minimum of 1 Director
  • Corporate Directors permitted
  • No Secretary required
  • Due diligence required
  • No annual tax returns required
  • License issued in 7-10 working days

RAK Offshore

AED13,500/yr
  • Easy Application Process
  • No Requirements for NOC from current employer
  • 100% Foreign Ownership
  • License issued in 7 working day
  • Minimum of 1 Director required
  • Can own freehold properties
  • No physical presence inside of the country required 
  • No visa's allowed with this license
  • It is a limited liability company with the option to issue multiple classes of shares
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JAFZA Offshore

AED16,500/yr
  • No Requirements for NOC from current employer
  • 100% Foreign Ownership
  • License issued in 15 working day
  • Minimum of 2 Director required
  • Can own freehold properties
  • Physical presence inside of the country required 
  • No visa's allowed with this license
  • It is a limited liability company with the option to issue one class of shares

UAE OFFSHORE LICENSES

 

 

 

 

Frequently Asked Questions

What is an Offshore Company?

In the simplest term, an offshore company is essentially the same as any other company. An offshore company is a company incorporated outside the jurisdiction of its primary operations (such as the Jebel Ali Offshore, RAK Offshore, BVI, the Cayman Islands, Samoa, Seychelles, and so on). An offshore company usually has a low- or zero-tax rate and is specifically used for international, cross-border purposes and is not permitted to engage in business within the jurisdiction that it is incorporated in. Offshore companies are being used for a diverse range of activities such as trading, investment, property & asset holding, estate & succession planning, financing, and listing on international stock exchanges and acquisition transactions.

We use the words offshore business & offshore company as terms of definition in connection with matters such as the structuring of international business & family wealth management or tax planning.

Incorporation of an offshore company (or non-resident company) can be used for various purposes. One of the most common is the use of an offshore company as a holding company to hold interests in other companies in various jurisdictions, to hold trademarks, copyrights and other intellectual property rights, as well as to serve as the holding company for licensing of franchises. The income from taxable jurisdiction flowing to the offshore company (holding company) is not taxable.

What are the benefits of an Offshore Company?
  • Faster & easier to establish
  • Simplified accounting and audit requirements
  • Low or zero tax environment
  • Access to capital
  • Confidentiality
  • Stronger legal system
  • No residency visa required to set up the bank account
What documents do I need to set it up?

Requirements differ from one jurisdiction to another, however as a rule of thumb you will be required to provide the following:

  • Resume or CV
  • Utility Bill
  • Passport Copy
  • Bank Reference Letter
Can I open a bank account with an Offshore License?

Yes, you can open a bank account with an offshore license. You will however, be required to enter into the UAE to sign the official bank documents with the bank representative.

Are there any limitations with an Offshore Company?

- You cannot trade within the UAE

- You cannot obtain a residency visa under this license. 

- You cannot lease or rent a property under this license.

Don't Be Shy

If we didn't answer all of your questions, feel free to drop us a line anytime.