Frequently asked questions

1What is an Offshore company?
It is a company which does not conduct substantial business in its country of incorporation and it is articulated in a low or tax free jurisdictions.
2Why Offshore?
  • If an offshore company is set up in a low or tax free region then profits can be realized in a tax efficient way growing profitability
  • Easy to manage and run
  • 100% anonymity – all information, documents are strictly kept confidential
  • An offshore company is the perfect entity for enabling individuals to achieve asset protection
  • No Minimum capital is required but it has to be mentioned on the MOA
  • No value-added tax, no withholding tax
  • Low start-up cost
  • 100% foreign ownership
3Can offshore company do business in UAE?
It is not permitted to do business within the UAE.
4What is the time frame of receiving the Offshore corporate documents?
Every jurisdiction has its own time scale, one to seven days to receive incorporated companies documents.
5What should be the registered address of the Offshore company?
Offshore companies must maintain a local registered address provided by registered agent who has a regulatory license issued by the local authority.
6What are the required documents to obtain an Offshore company?

For Individual

  • Passport copy (attested true copy may be required)
  • Bank Reference Letter – Original
  • Proof of Residence (Utility bill)– Original
  • Curriculum Vitae
  • Any other documents required by the Regulatory during the incorporation

For Corporate Applicant

  • Copy of License (Apostilled/ Attested)
  • MOA (Apostilled/ Attested)
  • Shareholders Resolution (Attested)
  • Passport Copy of members (attested true copy may be required)
  • Good standing Certificate - (Attested)
  • Incumbency Certificate - (Attested)
  • If that corporate entity is owned by another company the same listed formalities will be required
  • Any other documents required by the Regulatory during the incorporation
7What type of companies/licenses are obtainable to Foreign Investors?
  • Offshore companies (100% ownership)
  • Free Zone Companies (100% ownership)
  • Branches of Foreign Companies (can be 100% ownership)
  • Limited Liability Company (with a 51% shares owned by a UAE National)
8How to obtain a UAE residency Visa?

Investor / Partner Visas

This particular visa can be issued under business licenses such as Free Zone (FZE, FZ-LLC, FZB, Local Branch (LB), Limited Liability Company (LLC), Individual Estab-lishment (IE) and many more. But excluding OFFSHORE companies.

Employment Visa

It needs to be obtained through a company where he/she will be hired/sponsored.

9Can I get a residency visa from Offshore Company License?
10What are the main business activities permitted for Offshore licenses?

For Offshore companies various activities are allowed such as

  • Business & Management Consultancy
  • General Trading, Holding shares in other companies in UAE or internationally
  • Property Owning (Freehold property) in UAE or internationally
  • Professional services
  • Shipping and ship management companies and many more
11What are the main business activities permitted for Free Zone licenses?

Free Zone Companies activities:

  • Trading
  • Industrial
  • Commercial activities
  • Consulting
  • Management Consultancy Services
  • Media operations
12What are the main business activities permitted for LLC licenses?

Limited Liability Companies activities:

  • Trading
  • Services
  • Commercial
  • Management Consultancy
  • Real Estate activities
  • Industrial
  • Many more...

Note that activities shall be approved by the regulatory of UAE based on nature and type of business.

13Can an Offshore license hold a property in the UAE?
With RAKIA offshore license you can own a Freehold property anywhere in the Emirates, excluding Dubai. For Dubai property you must obtain JAFZA Offshore license. AFZA license can own a property only in Dubai Marina
14Can an Offshore license hold companies in the UAE?
Yes, offshore company is permitted to operate as holding shares in other Offshore or Free Zone companies in the UAE or elsewhere.
15Which BANK is recommended?

There are number of safe banks in UAE:

  • RAK Bank
  • Emirates NBD
  • Mashreq Bank
  • Abu Dhabi Commercial Bank
  • National Bank of Abu Dhabi
  • HSBC Bank Middle East
  • Standard Chartered Bank
  • Al Hilal Bank
  • Noor Bank
  • Commercial Bank of Dubai
  • Invest Bank
  • Emirates Islamic Bank
  • Bank of Baroda
  • Union National Bank and many more
  • RAK Investment Authority (RAKIA)
  • RAK Free Trade Zone Authority (RAKFTZ)
  • Fujairah Free Zone (FFZ)
  • Ajman Free Zone (AFZ)
  • Sharjah Airport International Free Zone (SAIF-Zone)
  • Hamriyah Free Zone (HFZ)
  • Jebel Ali Free Zone (JAFZA)
  • International Media Production Zone (IMPZ)
  • Dubai World Central (DWC)
  • Dubai Studio City (DSC)
  • Dubai Silicon Oasis (DSO)
  • Dubai Outsource Zone (DOZ)
  • Dubai Multi Commodity Centre (DMCC)
  • Dubai Media City (DMC)
  • Dubai Logistics City (DLC)
  • Int. Humanitarian City (IHC)
  • Dubai Knowledge Village (DKV)
  • Dubai Internet City (DIC)
  • Dubai International Financial Centre (DIFC)
  • Dubai International Academic City (DIAC)
  • Dubai Healthcare City (DHCC)
  • Techno Park (TP)
  • Dubai Gold and Diamond Park (DGDP)
  • Dubai Flower Centre (DFC)
  • Dubai Cars & Automotive Zone (DUCAMZ)
  • Dubai Airport Freezone (DAFZ)
  • Twofour54
  • ZonesCorp
  • Masdar City
  • Khalifa Industrial Zone Abu Dhabi (KIZAD)
  • Abu Dhabi Ports Company (ADPC)
  • Abu Dhabi Airport Free Zone (ADAFZ)

Get a complimentary consultation today

Give us a call at your convenient time and we shall schedule an appointment for you,
and discuss the best solution for your needs.

Contact us