An offshore company in the UAE is a business entity that is registered outside of the mainland of the UAE and operates in a designated offshore jurisdiction, such as the Jebel Ali Free Zone Authority (JAFZA) or Ras Al Khaimah International Corporate Centre (RAKICC). These offshore jurisdictions offer various benefits to companies, such as tax exemptions, confidentiality, asset protection, and ease of company formation.

To set up an offshore company in the UAE, the company must first select the appropriate offshore jurisdiction and then submit the necessary documents, such as a business plan, proof of address, and passport copies of the shareholders, to the relevant authority. The offshore company must also appoint a registered agent to act as a liaison between the company and the offshore jurisdiction.

Some of the benefits of setting up an offshore company in the UAE include:

1. 100% foreign ownership of the company
2. Tax exemptions on corporate and personal income
3. No currency restrictions
4. Asset protection and confidentiality
5. Easy company registration and streamlined administrative procedures.
6. Strategic location with access to key markets in the Middle East, Africa, and Asia

It is important to note that while an offshore company in the UAE offers many benefits, it is not allowed to do business within the UAE mainland and is only allowed to operate in the designated offshore jurisdiction.

Some of Offshore Jurisdictions in uae

• Jebel Ali Free Zone Authority Offshore (JAFZA Offshore) …
• Ajman Offshore. …
• Ras Al Khaimah International Corporate Centre (RAK ICC