Uploaded on Feb 13, 2025
Learn the step-by-step process of offshore company formation in Dubai, UAE, including choosing a jurisdiction, registering your business, and opening a bank account. Start your global business with ease today!
Step-by-Step Guide to Setting Up an Offshore Company in Dubai, UAE
STEP-BY-STEP GUIDE TO SETTING UP
AN OFFSHORE COMPANY IN DUBAI,
UAE
AN OVERVIEW
Dubai is a prime destination for offshore company formation in Dubai, UAE
due to its business-friendly policies, tax advantages, and strategic location.
The city offers a stable economy, a strong regulatory framework, and a well-
developed banking system, making it an attractive choice for international
investors. Additionally, offshore companies benefit from 100% foreign
ownership, no corporate taxes, and complete confidentiality in business
operations. Setting up an offshore company in Dubai is a straightforward
process, provided you follow the right steps.
STEP 1: CHOOSE THE RIGHT OFFSHORE
JURISDICTION
Dubai offers offshore company formation primarily through jurisdictions like
Jebel Ali Free Zone (JAFZA) and the Ras Al Khaimah International Corporate
Centre (RAK ICC). Each has its own regulations and benefits, so choose based
on your business needs.
STEP 2: SELECT A BUSINESS NAME
Your company name should comply with the offshore authority’s guidelines.
Avoid restricted words and ensure the name is unique. The chosen name
must be approved before proceeding.
STEP 3: DEFINE BUSINESS ACTIVITIES
Offshore companies in Dubai cannot conduct business within the UAE but can
engage in international trade, asset protection, and holding investments.
Clearly define your activities to align with offshore regulations.
STEP 4: APPOINT DIRECTORS AND
SHAREHOLDERS
An offshore company requires at least one director and one shareholder. They
can be individuals or corporate entities, and there is no requirement for local
sponsors.
STEP 5: PREPARE AND SUBMIT DOCUMENTS
You'll need to submit documents like passport copies of shareholders, proof of
address, and a Memorandum of Association (MOA). These must be attested
as per UAE requirements.
STEP 6: OPEN A CORPORATE BANK
ACCOUNT
After company registration, open a corporate bank account in Dubai or
internationally to facilitate business transactions.
STEP 7: OBTAIN THE OFFSHORE
INCORPORATION CERTIFICATE
Once all approvals are completed, you will receive your offshore company’s
incorporation certificate, allowing you to commence operations.
With minimal paperwork and tax benefits, offshore company formation in
Dubai, UAE is a strategic move for global businesses looking for asset
protection, tax efficiency, and ease of incorporation.
THANKYOU
Contact Us
+971-55 (554) 0853
[email protected]
www.themilestoneuae.com
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