Dubai Offshore Company
Dubai has become one of the most popular jurisdictions for offshore company registration as it offers a tax free regime attracting investors from all across the globe, offering an exemption on profits and capital gains tax.
To establish a Dubai offshore company, please complete our Company Application form. In addition, you can visit our Dubai (RAK) or Dubai JAFZA service pages for further details.
Registering a Dubai Offshore Company
There are two types of offshore companies which can be registered in Dubai – RAK (Ras al-Khaimah) and JAFZA (Jebel Ali Free Zone). The main difference between the two types of offshore companies is the region of which they are based. In terms of registration requirements, the number of directors alters too; RAK requires one director and one secretary whereas JAFZA requires two directors and one secretary.
The requirements of forming either type of company are similar hereafter with all relevant documentation and applications being regulated under the Commercial Company Law. In order to register an offshore company in Dubai, a locally registered agent who is approved by the Dubai local authorities needs to act as the registered agent for the company.
There are seven categories of companies which can be registered in Dubai;
• General partnership company
• Partnership-en-commendam
• Joint venture company
• Public shareholding company
• Private shareholding company
• Limited liability company
• Share Partnership Company
The most popular proves to be the limited liability company as it offers investors protection against liability of company debts and essentially safeguards the company owner’s assets and investments in the case that the company bankruptcy.
After the type and category of company is selected, the process of registering your offshore company is fairly simple. By law, a minimum of 1 and maximum of 50 shareholders is required for the company and all shareholders are required to sign the incorporation document in the presence of an official from the authority they register in. However, the details of the directors and shareholders are kept within the company registrar and away from the public eye ensuring high levels of privacy.
With 100% foreign ownership granted, Dubai offshore companies prove to be popular with investors worldwide. The procedure of registering an offshore company in Dubai can be complex and it is advised to seek the assistance from a professional consultancy firm.
Print This Post
