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Dubai Offshore Companies
What is an offshore company?
An offshore company is a business that is formulated in a low of no tax jurisdiction for the purposes of legally minimizing any type of tax payment and improving your wealth management.
Why buy or sell property via an offshore company?
Property purchase in Dubai is a matter of public record, matter relating to an offshore business are not! As such your purchase and indeed the sale of your property is protected from the programmes and treaties If they are carried out via your offshore company.
Why open an offshore company?
Primarily one would open an offshore company to gain confidentiality over their financial affairs and grow wealth without intrusion. Offshore companies can eliminate or minimize many types of tax payments such as : Capital gains, V.A.T, Death duty, profits on business earnings and property sales. An offshore company legitimately assists you in gaining confidentiality over your financial affairs and growing you wealth.
1. The United Arab Emirates
The United Arab Emirates (UAE) is a federation of seven Emirates - Dubai being one of the Emirates.
Within the federation, the seven Emirates are independent. Foreign Affairs, Defence and Social Affairs are a Federal concern while each Emirate retains autonomy over its internal affairs.
2. Dubai Offshore Company
The Jebel Ali Free Zone Authority (JAFZA) introduced regulations in 2003 for the establishment of Jebel Ali Free Zone Offshore Companies. The international business community can now establish offshore entities at JAFZA in line with other international offshore jurisdictions. Regulations were framed in a manner so as to deliver the convenience and efficiency of global offshore locations and maintain a high repute with international financial authorities.
Besides the traditional advantages of total tax and duty exemption, and a cooperative regulatory regime, offshore companies established under the Offshore Regulations can enjoy the added benefits of Dubai 's reputation for commercial transparency and its forward regional location.
3. Dubai Offshore - An Ideal Domicile
Regulations have been framed to deliver the convenience and efficiency of global offshore locations but at the same time maintain a high repute with international financial authorities - A very critical determinant in our opinion going forward.
100% foreign ownership permitted.
Total tax and duty exemption.
An efficient regulatory regime.
The benefits of Dubai 's reputation for commercial transparency and its forward regional location.
Double taxation agreements with a large number of countries.
Regulations are in place with respect to confidentiality preventing the disclosure about the founders, shareholders or members of the offshore company to third parties other than is stated circumstances.
3.1 An Efficient Investment Vehicle
Zero Tax on Income / Gains.
Particularly stands out as "Gain Maximization Vehicle" if a foreign resident is purchasing property in Dubai.
Ensures appropriate passage of estate assets in case of death - particularly those acquired in jurisdictions applying "Sharia or Islamic Laws".
Can act as a holding company to consolidate investments in various companies within the UAE.
Can be used as a family investment vehicle and to trade in countries other than UAE.
3.2 Regulations
The Offshore domicile is located in the Jebel Ali Free Zone (JAFZ).
The regulations governing establishment of Jebel Ali Free Zone Offshore Companies are made by the chairman of Dubai Port , Customs and Free Zone Corporation in accordance with the authority given to him by Dubai Laws Number 1 and 4 of 2001 and came into force on 15 th January 2003.
3.3 Business Activities
The regulations classify the activities as "Non Permitted" and "Permitted" for an Offshore company.
The Offshore Company cannot; carry on business with persons resident in the U.A.E, carry banking, carry on business as an insurance or re-insurance company, insurance agent or insurance broker business, or any activity restricted by the law.
Within the above parameters an Offshore company can; own real estate approved by the authority in freehold locations, hold an account in a bank in the U.A.E. for the purpose of conducting its routine operational transactions, become shareholders in companies incorporated in Dubai and elsewhere, conduct registered business anywhere else outside the UAE, appoint auditors from UAE and hold meetings of the Directors in the UAE.
3.4 Features
An offshore company has the capacity and privileges of a natural person.
No minimum capital requirement.
All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in bank.
A registered agent (legal firms, auditors, consultants) is required to be appointed by the Company from the approved list of registered agents maintained by JAFZA.
The minimum number if Directors shall be two. Every offshore company should have a Secretary who may also be a Director of the company.
Accounts have to be audited and submitted to the Authority.

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