UAE Offshore Companies

UAE offshore companies were introduced to offer a local alternative to international offshore companies with rules and regulations based on those in established offshore jurisdictions.

We currently provide services in relation to the following UAE offshore company registries:

  • Ras Al Khaimah International Company (RAKIC)
  • Jebel Ali Offshore Company (JAFZA offshore)
     

Uses and advantages of UAE offshore companies

Uses:

  • Ideal for international trade to benefit from the UAE’s infrastructure and reputation as a trading hub
  • As a UAE property holding vehicle in a structure for estate planning (please note that currently only a JAFZA Offshore can be used to own property in Dubai)
  • An investment holding vehicle for local and international investments

Advantages:

  • The most cost effective way to register a company in the UAE
  • 100% foreign ownership is permitted with no requirement for a UAE national sponsor or local agent
  • Easier for UAE bank account opening and UAE asset holding when compared to international offshore companies
  • The RAKIC allows shareholders to opt for their preferred jurisdiction of law in relation to certain matters such as succession and disputes between shareholders 

As UAE offshore companies have been introduced mainly for investment holding and international trading, several local restrictions apply which include:

  • Trading locally within the UAE
  • Renting a dedicated office in the UAE
  • Obtaining residence visas for officers and shareholders
  • Being issued with a tax residency certificate from the UAE Ministry of Finance
  • A RAKIC is currently prohibited from owning Dubai real estate

Our services include:

  • Formation of UAE offshore companies
  • Provision of company secretary and a Dubai based registered or administration office
  • Provision of directors and officers
  • Provision of nominee shareholders
  • On-going administration including processing of transactions, maintenance of statutory and corporate records and undertaking relevant statutory filings
  • Bookkeeping and accounting
  • Management of banking facilities