Business Setup in Dubai Offshore is an ideal destination for foreign entrepreneurs to establish their businesses. It boasts a world-class infrastructure, a strategic location, corporate tax exemptions, a streamlined company setup process, favorable government policies, and a diverse economy. This jurisdiction is overseen by Dubai’s Department of Economic Development (DED), which is responsible for issuing Offshore business licenses. Setting up a business in Dubai provides the following advantages:
- Own real estate in Dubai
- Full Repatriation of Profits and Capital
- No Personal Taxes
- Minimal Red Tape
- 100% Foreign Ownership
YUGA Accounting & Tax Consultancy has over 20 years of experience helping investors through the business setup process in Dubai’s Offshore. We’ll handle everything, from business licensing to legal structures and visa applications, guaranteeing you a streamlined business setup experience from start to finish.
Select a Business License Type
In Dubai’s offshore jurisdiction, businesses function under one of two primary types of licenses:
1) Offshore Trade & Service License
- Allows full ownership.
- Designed for single-shareholder companies.
- Jafza offshore companies can conduct business internationally in terms of trade and services.
- Ideal for entrepreneurs that prefer sole ownership and control over their business operations.
2) Offshore Holding Company: FZC License
- Companies who are looking to own real estate and business in UAE.
- Shareholders can be individuals or corporate entities.
- An offshore company in Dubai license allows for the formation of a company with multiple shareholders (minimum of one and no limit on maximum shareholders).
- Offshore companies are suitable for businesses looking to collaborate with partners and distribute ownership among multiple stakeholders.
Required Documents and Steps to Obtain Your Business License
Obtaining your license is intended to be simple and stress-free. Here are the steps you’ll need to follow and the documents you’ll need to have ready to begin the licensing process:
Steps to Get Your Business License
- Choose the Company Name
- Select the Right Business Activity
- Submit Documents
- Fill in Your Application Form
- Open an Offshore Bank Account
- Pick Your Business’ Legal Structure
Required Documents
- Copy of passports for directors and shareholders
- A curriculum vitae of shareholders
- Proof of address from the last three months
- Reference letter issued by a bank
- KYC Application, Provided by YUGA Accounting
Activities That Can be Carried Out by an Offshore Company in Dubai
1) Asset protection:
These firms can be used to retain and manage assets outside of the investor’s place of residence, protecting them from potential legal action and creditors.
2) International trade:
Offshore corporations can carry out international trade activities such as import/export, trading, and distribution.
3) Intellectual property management:
Companies can manage intellectual property, such as patents, trademarks, and copyrights.
4) Consultancy services:
Offshore businesses may provide management consulting, financial consulting, and legal consulting services.
5) Investment holding:
Entities can hold stocks, bonds, and real estate holdings.
6) E-commerce:
Offshore entities can perform e-commerce tasks such as affiliate marketing, drop shipping, and online retail.
7) Shipping and maritime activities:
Companies can carry out shipping and maritime activities, including ship management, ship ownership, and crew management.