Offshore


  • Complete foreign ownership is permitted
  • Own real estate properties on approved areas by the Authority
  • Hold multi-currency bank accounts
  • Exempted from all corporate and income taxes
  • No foreign currency restrictions
  • 100%  repatriation of the profits and capital
  • Low setting-up costs
  • Minimum capital is required to set-up offshore company
  • Minimum of 1 Director / Shareholder
  • UAE has double taxation avoidance agreement (DTAA) with several countries

Offshore Company formation in Dubai & UAE

UAE is one of the well- known jurisdictions in the world for incorporating offshore companies as “tax-free” business territory Especially because one can avoid the cumbersome process of having the off shore incorporation company documents attested by various embassies and Ministries of Foreign Affairs. UAE offshore incorporation helps to run the business or asset ownership in the Middle East. 100% foreign ownership is permitted

  • Complete foreign ownership is permitted
  • Own real estate properties on approved areas by the Authority
  • Hold multi-currency bank accounts
  • Exempted from all corporate and income taxes
  • No foreign currency restrictions
  • 100% repatriation of the profits and capital
  • Low setting-up costs
  • Minimum capital is required to set-up offshore company.
  • Minimum of 1 Director / Shareholder.
  • UAE has Double Taxation Avoidance Agreement (DTAA) with several countries.

Restriction for a UAE offshore company

  1. No offshore company which is incorporated in UAE under the respective authorities shall:
    • Carry on business with persons resident in UAE
    • Own an interest in real property situated in UAE, other than a lease referred to by or as approved by authority.
    • Carry on banking business
    • Carry on business as an insurance or reinsurance company, insurance agent or insurance broker or
    • Carry on any other business which may, by regulation made by the authority, be prohibited by the Authority
  2. An offshore company shall not be treated as carrying on business with persons resident in UAE by reason only that:
    • It makes or maintains professional contact with legal consultants, accountants, management companies or other similar persons carrying on business with the UAE,
    • It prepares and maintains books and records within UAE
    • It holds within the UAE meetings of its directors or members
    • It hold a lease of property or owns real property as approved by the concerned authority
    • It holds an account in a bank in UAE for the purpose of conducting its routine operational transactions
  3. If an offshore company wishes to conduct trade or other business in the Zone or elsewhere in the UAE, it must obtain the appropriate license to conduct the trade or other business activity from the competent authorities.

Three primary Free Zone Authorities in UAE for offshore formations

  1. Jebel Ali Free Zone Authority (JAFZA)
  2. RAK Investment Authority (RAKIA)
  3. RAK Free Trade Zone.

Offshore companies can be formed only through the “Registered Agents”, located either in the free zone or UAE and approved by the respective authorities.

TGS Koya Chartered Accountants is a registered agent for JAFZA Offshore and RAK Offshore and offer offshore company formation services and services as registered agent.

Our services as a registered agent for JAFZA and RAK offshore companies

  • Assisting in acquiring registered office with P.O. Box
  • Preparation of Memorandum of Association, Articles of Association and other legal documents
  • Liaison with the authorities and completion of incorporation procedures
  • Assisting in opening the bank accounts
  • Follow up services in obtaining attested documents and certificates

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