Dubai Offshore Company
Legal form:

Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 – the Commercial Companies Law – and its by-laws govern the operations of foreign business. In broad terms the provisions of these regulations are as follows: The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization, which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. The seven categories of business organization defined by the Law are: General partnership company, Partnership-en-commendam, Joint Venture Company, Public Shareholding Company, Private shareholding company, Limited Liability Company, Share Partnership Company. By far the most usual form that businessmen and/or corporations prefer is the limited liability company.

The legislation, which governs Dubai Offshore Companies, was enacted in Jebel Ali Free Zone (Jafza) in Dubai in May 2003. It provides for a secure environment for investors without the levels of unnecessary intrusion and bureaucracy found in other offshore jurisdictions.

Name of the company: Dubai offshore companies must use the suffix Limited or Ltd. to denote limited liability. The following words and their associated activities are prohibited: Banking, Insurance and Re-insurance.

Shareholders: Dubai offshore company can have minimum one and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. 100% foreign ownership of the company is allowed. There is no public register of shareholders and directors. Shareholders need to visit Jafza and sign the incorporation documents in the presence of the authorized official of Jafza. Alternatively a power of attorney notarized and legalized by UAE Embassy, can be issued to a nominated person who can then sign before Jafza authorized official.

The minimum share capital: Dubai offshore company can select its own minimum capital. Usually we recommend share capital to be US Dollars 1,000. All shares must be fully paid when allotted. A company may not create different classes of shares. Bearer shares cannot be issued. Presently, joint shareholding is not allowed.

Directors of the company and secretary: A minimum of two directors and one secretary are required and they cannot be bodies corporate. One of the directors can also be a secretary. A register of directors must be held at the Registered Office, but it is not a matter of public record.

Registered office and local agent: Dubai offshore company must maintain a local Registered Agent approved by the local authorities and a local Registered Office, which is usually provided by the Registered Agent.

Taxation: Dubai offshore companies pay no taxes on profit, capital gains or anything else in Dubai.

Audit and financial returns: No annual reports or accounts need to be filed. Accounts must be audited and accounts must be distributed to shareholders (but NOT filed with the authorities). Dubai offshore company may retain their accounting records wherever in the world the directors deem appropriate.

Meetings: Dubai offshore company meetings need not be held in Dubai.

Time needed for formation: Usually it is 5-7 working days.

Services
The UAE economy is clearly divided between the onshore sector, dominated by local business interests, with restrictions on foreign ownership, and the offshore sector which consists of a number of Free zones. ADAM Global is a professional company based in Dubai specializing in company incorporation services in both of these sectors. For over 5 years our professional business advisors have been providing a comprehensive range of services to individuals and corporates around the world, adhering to the highest international quality standards and in full compliance with the existing rules and regulations to incorporate your business and get you set up in Dubai, UAE or GCC. The company has a reputation as a reliable and competent service provider in Company Registration – Professional, Commercial and Trade. Business Incorporation – Limited Liability Company Formation, Joint Ventures, Branch Offices, Representative Offices, General Partnership Company, Partnership-en-commendam, Public Shareholding Company, Private Shareholding Company, Share Partnership Company.

  • Home Business set up
  • Business Legal Structures, Documentation and Agreements
  • Company Name Selection
  • Office Rental, Purchase, Virtual Office Services and Employee Accommodation
  • Corporate Bank Accounts
Companies approved for operation in Jebel Ali Free Zone or Dubai Airport Free Zone, are granted one of the following types of licenses: Trading; Industrial; Service; or National Industrial. These licenses are renewable annually for as long as company holds a valid lease from either of the Free Zones like business setup in Ajman free zone. Trading licenses will be granted to companies holding a valid license issued by the Dubai Economic Development Department or an equivalent authority in the UAE, and to companies incorporated outside the UAE. In each case, the permitted activities on the Free Zone license must conform to those on the existing license. Trading licenses are also issued to Free Zone Establishments (FZE). Industrial licenses are issued to companies incorporated outside the UAE and to Free Zone Establishments. Service licenses are only granted to companies holding a valid UAE license. National Industrial licenses are issued to industrial companies registered within or outside the UAE, provided they meet the conditions of having at least 51% AGCC equity and their local production accounting for at least 40% value added. Such companies must obtain provisional approval from the UAE Ministry of Finance and Industry. A National Industrial license grants its holder the same rights as those of national and other AGCC companies, and products exported to AGCC states will be exempted from custom duties.
ADAM Global Business Advisors are offshore entities incorporation specialists. Established since 2002 in UAE and in London since 1998. We strictly follow international code of professional conduct. We are the authorized registered agents with the Government of Dubai and Ras Al Kahima for the incorporation of offshore companies. We undertake company setup in all offshore jurisdictions Advantages of An Offshore Company Provides confidentiality over financial affairs and allows wealth growth without intrusion. Preferred structure to achieve anonymity and privacy. Limited liability. Eliminate or minimization of capital gains. Accounting or auditing not mandatory. If you have any other business setup requirement in Dubai, Abu Dhabi, Ras Al khaima and Sharjah please call one of our Specialist Consultants on +9714 3419701 or arrange a free, non obligation one to one consultation. For your convenience rapid response email service is available. E-mail Now Our offices are open in UAE from 9am to 8pm local time.
Send us message!

Sendclear