Offshore company setup in the UAE
A UAE offshore company is a holding vehicle, not a trading licence. Used correctly it is a clean, low-cost way to own shares, property and intellectual property.
What an offshore company can do
- Hold shares in UAE and foreign companies
- Own property in approved Dubai freehold areas, subject to Dubai Land Department approval
- Hold intellectual property, investments and bank accounts
- Act as a group holding or estate-planning vehicle
What it cannot do
- Trade within the UAE or hold a trade licence
- Lease office space in the UAE
- Sponsor residence visas
Registries
The two main registries are the RAK International Corporate Centre and JAFZA Offshore. RAK ICC is the more widely used for holding structures and supports segregated structures and foundations.
Requirements
A registered agent in the UAE is mandatory. Neva can act as your registered agent or work with one. Companies must keep a UBO register and accounting records and meet corporate tax registration and filing obligations.
Offshore or free zone holding?
If you need visas, an office or substance for tax treaty purposes, a free zone holding company is usually better. If you only need a clean vehicle to hold assets, offshore is simpler and cheaper. See Holding company in the UAE.
Common questions
Do UAE offshore companies pay corporate tax?
They fall within the corporate tax law like other UAE companies, and must register and file. Dividends and qualifying gains from shareholdings can be exempt under the participation exemption.
Can an offshore company open a UAE bank account?
Yes, though banks expect a clear explanation of the assets held and the owners' profile.
Official sources
We check our guidance against these official sources. Always confirm current fees and rules before acting.