Offshore Company Formation and Business Setup Services in Dubai
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Offshore Company Registration in Dubai

One of the most attractive business setups in Dubai is Offshore company formation with no or low tax advantages.

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Overview

What is an Offshore company formation in Dubai?

Offshore companies are businesses that are registered in Dubai but have to set bases in specific offshore locations which are situated outside Dubai city. Offshore company setup in Dubai could take the form of limited partnerships, limited companies, and limited liability companies. It is an international business entity that offers low or no tax benefits. They also offer the perfect system for business management, application of smart international investment strategies, wealth management, freedom, and ease of business operations. 

With an Offshore Company registered in the UAE, one can get access to banking facilities within the banks based in UAE and operate them as desired. These companies will also be allowed to own investments inside as well as outside the UAE. With a list of pre-specified areas within Dubai, an Offshore Company can also go ahead with real estate investments and its income from these investments can be banked within UAE.

Unlike Free Zone Companies, Offshore Company does not require any minimum capital investment to be incorporated. An offshore Company is generally used as a holding or asset management company for other business organizations operational within or outside UAE. 

Method to register an offshore company

To initiate an offshore company in Dubai some of the major steps required to be followed were:

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Choose the Business Activity

The appropriate business type as per your interest and priorities needs to be selected. It is an essential step for successful business operations.
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Finalizing the Company Name

Choose at least three business names out of which one could be fixed.
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Assign and Identify a Registered Agent

Specific knowledge and experience in the same field of the business are a must in any agent.
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Secretary, Director and Shareholders

Minimum of shareholder and at least one secretary is necessary. It could be an individual or any corporate entity.
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Legal and Documentation Attestation

The important documents need to be attested by the UAE embassy which could be easily done by our team.

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Application Form

Submitting an application similar to mainland Dubai with all the required documents and paying the fee could be managed by our team with ease.
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Opening a Bank Account

Once the documents are ready we may proceed to open the bank account.

Setting an Offshore company in Dubai

Investors and entrepreneurs often get confused between the selection of a Free Zone Company and an Offshore Company! 

While a Free Zone is an onshore entity that is permitted to operate business only within the UAE and that too with certain restrictions, an Offshore Company supports International trade and is not allowed business activities within the UAE.

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Benefits of setting up a business in Dubai

The benefit of offshore company registration is that you can simultaneously register it in the Free Zone to enjoy all the composite features of both, UAE Free Zone as well as Offshore. Some benefits of an Offshore companies in Dubai setup:

Start-up expenses for an offshore company are comparatively lower than for an onshore entity.

Only a single Director / Shareholder is required to register an Offshore Company.

Offshore Company allows to maintain several currency bank accounts and foreign currency is not limited.

It is not a mandate to have a UAE national as a shareholder or sponsor within the Offshore Company.

Full repatriation of capital, as well as profits for an Offshore Company, is permitted.

No public access to the Company or its officials is available, thus ensuring privacy.

Documentation required for registration of the Offshore companies in Dubai

Some of the basic documents required for setting up an offshore business in Dubai are mentioned below, some of the specific documents may vary depending on your type of business selection. 

Documents required for an individual shareholder –

  • Six-month bank statement or original bank reference letter
  • Business profile of the shareholder
  • Proof of address (it could be Utility bills, etc..)
  • Photocopy of the passport of the shareholder
  • Suggested name and activity of the business

Documents required for the corporate applicant –

  • Bank reference letter
  • Certificate of registration of the organization stamped by the UAE consulate/embassy in the home country
  • Articles and memorandum of association of the organization
  • Appointment of registered agents and directors as a company legal representative

Why Get an Offshore Business License in Dubai?

Offshore company in Dubai is a great choice for interested foreign investors wanted to conduct international trade. An offshore company is perfect for higher net worth individuals, as it helps to manage their lifestyle assets like private aircraft, ships, etc.

Why Choose Us?

At SNC Global, we not only do the needful for an Offshore Company registration for you but can also support and provide free consultancy in Real Estate Investments in Dubai, thus benefiting our clients in earning income from their investments.

Why Get an Offshore Business License in Dubai?

Offshore company in Dubai is a great choice for interested foreign investors wanted to conduct international trade. An offshore company is perfect for higher net worth individuals, as it helps to manage their lifestyle assets like private aircraft, ships, etc.

Why choose us?

At SNC Global, we not only do the needful for an Offshore Company registration for you but can also support and provide free consultancy in Real Estate Investments in Dubai, thus benefiting our clients in earning income from their investments.

 

We at SNC Global, we not only do the needful for an Offshore Company registration for you, but can also support and provide free consultancy in Real Estate Investments in Dubai, thus benefiting our clients in earning income from their investments.

Frequently Asked Questions

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What is the difference between Free Zone, Mainland and Offshore companies?
An Offshore company in Dubai could have 100% ownership of the company but it could not have a physical presence in the UAE. Free zone companies could not conduct business activity in the non-free zone areas. While the Mainland companies are allowed to do activity anywhere in the UAE even in the free zone areas.
What limitations have to face if you choose to have an Offshore company setup?
The Offshore companies in Dubai are restricted to having a physical office within the UAE premises. However such companies could own real estate in the free zone areas. They even have permission to open multi-currency accounts in the UAE and hold business internationally.
Is it possible to have a bank account as an Offshore company?
Yes, it is allowed to have a bank account as an Offshore company in Dubai at a private or corporate level. A corporate account is opened to secure the company’s activities while a private account is to manage personal assets. Before opening any corporate bank account, one must register the offshore company in the UAE.
Time and minimum investment are required to register an Offshore company in Dubai?
If you are interested in an Offshore company in a free zone, the minimum investment required is AED 10,000. To set up an offshore business, one has to have a business plan, passport copies of the shareholders and directors and residence proof. In this whole process, approximately 2 to 8 weeks time would be consumed.
How to set up an Offshore company bank account?
Offshore company in Dubai bank accounts needs personal information, like name, date of birth, address, occupation and citizenship. One needs a memorandum of association, articles of association, certificate of incumbency, client profile, company brochure and attested certificate of good standing.