There are three possible types of offshore companies in Dubai (effectively only one type is in Dubai and two other ones are in the other Emirate of UAE- Emirate Ras Al Khaimah:
Offshore companies in RAKFTZ, Dubai, UAE (RAK IBC company) – such offshore company is effectively registered in RAK Free Trade Zone, UAE which is located about 1 hour from Dubai.
Onshore Free Trade Zone Company in Dubai and other Emirates of UAE is quite fast to form (from 2-3- days), is taxed at 0% tax rate and can be 100% owned by a foreign citizen.
1. The onshore Free Trade Zone company is one of the most commonly used types of companies registered in UAE (apart of the offshore ones).
The procedure, requirements, time and costs for the Free Trade Zone onshore company formation differs noticeably depending on the type of the company activities and the Free Trade Zone chosen. The average costs involved in the Free Zone onshore company formation start from around USD 8.000,- and can be up to 20.000,- and higher (for companies with special licenses).
The bank account in Dubai can be opened for your offshore or onshore company registered in Dubai or other Emirates of UAE (corporate account) as well as for the physical person – resident or non-resident of UAE (private account).
It is also possible to open bank account for foreign offshore or onshore company, (registered outside of UAE). Details – see account for foreign company.
There are the following possibilities to receive the residency visa / permit in Dubai
1. As the company shareholder of the company in Dubai.
Please note that the UAE offshore company in Dubai and other Emirates does not provide the possibility to receive the residency visa under such company. Only the UAE onshore Free Zone Companies and UAE onshore non-Free Zone companies provide such possibility.
In addition to the offshore companies in the UAE, we also offer incorporation of the offshore companies in the other countries as well. Country / jurisdiction depends on the objectives of each individual customer.
We provide the complete package of incorporation services and administration / maintenance of the offshore companies.
List of jurisdictions / countries where we incorporate offshore or low tax companies