Offshore Company Registration in Dubai

Benefits of Offshore Company Registration in Dubai

Unlike other jurisdictions which are considered solely for taxation, offshore company formation in UAE offers numerous advantages: 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 UAE can be strategically designed to minimise overall international tax liability. There are no requirements for minimum share capital, although in some cases, the government registrar may ask that paid-up capital be commensurate with proposed activities. Another localised advantage is related to realty. Some property developers in the UAE allow up to four owners for the purchase of a single property such as a villa, an office or an apartment. In the case of an offshore company, the number of such property owners can be extended up to 50, with ownership registered to the offshore company.

Choice of Jurisdiction for Offshore Company Registration in Dubai

Choosing a jurisdiction for offshore company registration in Dubai depends on a number of factors: laws and regulations of the country as applicable to the business, political and geopolitical climate of the region in relation to future plans, exact nature of the business, and type of assets that will be held by it.

List of Top Offshore Companies in UAE:

• RAK International Corporate Centre (RAK ICC)
• Jebel Ali Free Zone Authority (JAFZA)

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.

Both jurisdictions also have unique offerings: 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, and has an enviable roster of more than 14,000 companies in 50 sectors. Meanwhile, JAFZA & RAK ICC offshore companies are the UAE’s only offshore vehicles that are permitted to own property in the emirate of Dubai. AGD  Business Services Offshore Company Registration in Dubai