Setting up an offshore company involves selecting a jurisdiction that matches your goals. Each location comes with its own structure, costs, and process. In Dubai, several jurisdictions are available for those looking to establish an offshore business.
If you are interested in offshore company setup Dubai, below are some popular options commonly chosen by individuals and businesses.
Jebel Ali Free Zone (JAFZA Offshore):
JAFZA is one of the most established jurisdictions for offshore company formation. It allows 100% foreign ownership and offers access to Dubai’s logistics and port facilities. Companies formed here are not allowed to trade directly within the UAE but can hold assets, act as holding companies, and conduct business internationally.
Ras Al Khaimah International Corporate Centre (RAK ICC):
RAK ICC is known for its flexible setup process and lower costs. It is suitable for holding companies, consultancy, and international trading businesses. RAK ICC also provides a high level of privacy and does not involve shareholders or directors to live in the UAE.
Ajman Free Zone Offshore:
Ajman provides a simple and cost-effective offshore setup. Companies here can operate internationally and hold property in certain approved areas in Dubai. Ajman offshore companies benefit from a streamlined registration process and competitive pricing for annual renewals.
Dubai Multi Commodities Centre (DMCC):
Although DMCC is more commonly used for Free zone setups, it also supports offshore operations under specific conditions. Businesses in commodities trading and consultancy often choose DMCC due to its central location in Dubai and wide range of services. It’s suitable for international operations without direct local trading.
Abu Dhabi Global Market (ADGM):
ADGM is a financial center that allows offshore companies focused on financial services, asset management, and advisory services. It follows international legal and regulatory standards and provides a platform for businesses with global financial interests. The process here may include detailed documentation and approvals.
Dubai International Financial Centre (DIFC):
DIFC is tailored for businesses that operate in banking, insurance, and professional services. Offshore companies in DIFC follow a common law framework and access a developed legal and business infrastructure. It suits firms that prefer a recognized financial environment and a structured regulatory system.
These jurisdictions each follow clear rules and processes for offshore company setup in Dubai. The decision depends on the type of business, budget, and preferences regarding location and administrative structure.
