Business Setup in UAE Offshore

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A holding company (offshore company) owned and managed by foreign investors who wish to enter into international markets is an ideal choice for entrepreneurs and investors seeking to expand their business presence in Dubai, UAE.

As the income obtained from this type of company is not taxable, it is often referred to as a non–resident company.

At least two shareholders

This type of company requires a minimum of two shareholders, with at least one of them being a local sponsor.

Identity documents

Each shareholder must have their own personal identification documents and the company must have a memorandum of association.

trading license

Companies must also provide a trade license to operate legally and any necessary documents according to the type of business.

Register with a commercial bank

It is important for the company to register for a commercial bank account and obtain any required permits.

Main

Offshore Company Formation

A Non–Resident Company, commonly referred to as an Offshore Company, is owned and managed by foreign investors who want to enter into international markets. It provides an ideal opportunity for entrepreneurs and investors looking to expand their business presence in Dubai, UAE, and any income obtained from a holding company (offshore company) is free from taxation.

UAE mainland is widely regarded as the epicenter of business operations, and is the area in which onshore company formation is authorized by the Department of Economic Development (DED) of the relevant emirate. This area provides businesses with the freedom to carry out their operations without restriction.