Offshore companies are permitted to open a bank account in the UAE, however, they cannot issue work visas or have a physical office within the country. Offshore licenses are typically used as holding companies and are mainly incorporated for operations in foreign countries with financial, legal and tax benefit purposes.
Let's Get Started
A local sponsor is no longer needed to get a Dubai mainland license for around 1000 commercial and industrial activities.
Advantages:
- Low startup cost
- Speedy incorporation process
- 100% tax-free
- 100% foreign ownership permitted
- No paid-up share capital or audit requirement
- Multiple bank accounts
Popular Licenses
Crypto Trading License
Ready to dive into the world of cryptocurrency trading in Dubai? At Decisive Zone, we provide...
General Trading License
A General Trading License in Dubai allows businesses to engage in a wide range of commercial activities, including...
E-Commerce Trade License
An e-commerce trade license in the UAE legitimizes online businesses, ensuring compliance with local...
Management Consultancy
A Management Consultancy License in Dubai permits firms to offer professional advisory services in...
Real Estate
With more and more people shifting their base to the UAE, the real estate market is booming...
Digital Marketing
Now is a good time to consider starting a digital marketing business in the UAE as a lot of new…
Popular Licenses
Crypto Trading License
Ready to dive into the world of cryptocurrency trading in Dubai? At Decisive Zone, we provide...
General Trading License
A General Trading License in Dubai allows businesses to engage in a wide range of commercial activities, including...
E-Commerce Trade License
An e-commerce trade license in the UAE legitimizes online businesses, ensuring compliance with local...
Management Consultancy
A Management Consultancy License in Dubai permits firms to offer professional advisory services in...
Real Estate
With more and more people shifting their base to the UAE, the real estate market is booming...
Digital Marketing
Now is a good time to consider starting a digital marketing business in the UAE as a lot of new…
Key Features:
Given below are the key features of an offshore company in the UAE:
A minimum of one shareholder is required and corporate shareholders are permitted. International corporate shareholders are required to have company documents attested.
A minimum of one director is required and corporate directors are permitted. Details of directors are not available on the public register.
Every company must have a secretary. A company director may also act as a company secretary.
No minimum share capital is required.
Every company must keep accounting records for 7 years from the date of inception. The accounts do not however have to be filed with the RAK authorities.
Process for mainland license
- Choose business activity
- Finalise company name
- Complete incorporation paperwork
- License issuance
- Open company bank account
Calculate your business setup cost
Get an estimate for your desired business in your desired currency in under a minute with this cost calculator.
