Unique Features of Offshore Company Formation in Dubai

Offshore companies are legal entities that operate outside their registered jurisdiction or location of ownership. In Dubai, offshore companies can be established in RAK Offshore (officially the Ras Al Khaimah International Corporate Centre or RAK ICC), which is a Company Registry containing details of offshore companies, or overseas in jurisdictions such as the British Virgin Islands, Cayman Islands, and Mauritius.

Offshore companies in Dubai do not need to occupy physical office space, but they cannot undertake extensive business activities in the country of origin. Shares can be easily and freely transferred by a written instrument, and the company can be created and owned by individuals or institutions.

Benefits of Offshore Company Registration

Offshore company formation in Dubai offers numerous advantages, including direct investment into specific jurisdictions, better management of taxes on foreign income, full ownership of intellectual property, and the separation and protection of personal assets from operating entities. An offshore company formation in the UAE can be strategically designed to minimize overall international tax liability, and there are no requirements for minimum share capital.

Offshore companies in Dubai also offer a unique advantage in realty. An offshore company can extend the number of property owners up to 50, with ownership registered to the offshore company. This is particularly useful for property developers in the UAE who allow up to four owners for the purchase of a single property.

Top Offshore Companies in UAE:

RAK International Corporate Centre (RAK ICC) and Jebel Ali Free Zone Authority (JAFZA) are two of the most popular offshore company jurisdictions in the UAE. Both permit 100% foreign ownership, and are tax-free jurisdictions that levy no income tax or corporate tax. The UAE has negotiated Avoidance of Double Taxation Treaty Agreements (DTTAs) with more than 110 countries.

RAK ICC is hailed as the cheapest and fastest way to set up an offshore company in the UAE, with incorporation often completed in a few days. RAK offshore is one of the most established offshore jurisdictions in the Middle East, with an enviable roster of more than 14,000 companies in 50 sectors. Meanwhile, JAFZA and RAK ICC offshore companies are the UAE’s only offshore vehicles that are permitted to own property in the emirate of Dubai.

Our Services:

At Highgate Business Management Consultants, we provide end-to-end services for offshore company formation in the UAE, and administration thereof. These services include corporate and business documentation, the opening of bank accounts, and the provision of directors, company secretary, and nominee shareholders as required. We will also guide you through every stage of offshore business setup in Dubai, including choosing and registering a name, conducting and collecting due diligence, and arranging reference letters.

Most importantly, we will not require your physical presence to open your offshore company. Our auxiliary services cover most aspects of everyday business operations, including accounting, audit and assurance, payroll, taxation, and outsourced CFO and PRO services.

We also offer ongoing support services to ensure that your offshore company in Dubai remains compliant with all regulatory requirements. These services include the provision of registered office and nominee services, corporate governance support, and assistance with the preparation and filing of annual returns.

At Highgate Business Management Consultants, we understand that every business is unique and has different requirements. That is why we offer customized solutions that are tailored to your specific needs. We work closely with our clients to understand their business objectives and provide them with the guidance and support they need to achieve their goals.

Our team of experienced professionals has a deep understanding of the local business environment and regulatory framework. We have helped numerous clients from around the world set up offshore companies in Dubai and achieve their business objectives. Whether you are looking to establish an offshore company for tax optimization, asset protection or international trading, we have the expertise and experience to help you succeed.

If you are considering setting up an offshore company in Dubai, UAE, contact us today to schedule a consultation. We will be happy to answer any questions you may have and provide you with a customized solution that meets your specific needs.