Dubai Offshore Companies

DUBAI OFFSHORE COMPANIES

Dubai is an oil rich Kingdom in the Persian Gulf; one of the seven Emirates in the United Arab Emirates, and its largest city with over two million population. It is a progressive Muslim state with extensive commercial interests throughout the world. English is widely spoken. There are thousands of companies of every nationality in its industrial and Free Economic Zones and it has excellent infrastructure and communications.

Dubai is well known as a major Global Financial Center but is perhaps less well known as an Offshore Center. Regulations were passed in 2003 establishing the basis for the Jebel Ali Free Zone Offshore Companies, operating under the Jebel Ali Free Zone Authority (JAFZA). Regulations were also passed in 2006 by the Ras Al Khaimah Investment Authority establishing the RAK Offshore Companies.

OVERVIEW OF KEY FEATURES

While JAFZA is older and better known, we recommend incorporating under the RAK Offshore regulations. It is less expensive and the regulations are more flexible. Only one Director is required instead of two and it can be a corporate director. There are other advantages as well in administration.

Note that under JAFZA, all shareholders must travel to Dubai to sign the incorporation documents. There are no exceptions, as there are in RAK.

We have provided costs on both RAK and JAFZA as well as details, and you are free to choose whichever you wish. Contact Maritime International Ltd if you wish further guidance.

Companies established under both Offshore Company regulations are free of all taxes, both profit and capital gains, and may be 100% owned by foreigners. As such, the Dubai Offshore company can operate exactly like a regular Offshore Company in the usual jurisdictions.

The main advantage of a Dubai Offshore Company is that it is not a tax haven, not on any black list and is a fully confidential jurisdiction. It is essentially the Premier Offshore Company location as it can be used anywhere without question, in completely privacy. You will have a prestigious office address in Dubai and you may open a bank account in Dubai or elsewhere.

The disadvantage of course, is that it is more expensive than most, but it is well worth it to those who can afford the cost.

Accounting records must be kept but statements are not filed with the Government. Records may be kept any place the Directors deem appropriate. Accounts are not available to the Public.

Directors and Shareholders may be foreigners and are NOT in the public record. A local Secretary is not required and can be the same person or entity as the Director. 100% repatriation of profits and capital is allowed and there are no currency restrictions or exchange controls. There are no minimum capital requirements and no paid up capital needed.

You do not have to go to Dubai, unless you wish to. All procedures can be completed with Maritime International Ltd. by email, phone or fax and courier.

IMPORTANT NOTE

The company may not conduct trading activities in Dubai or within the United Arab Emirates but of course it is an excellent corporate vehicle for doing business in the Middle East and elsewhere in the world.

If you wish to do business in the UAE with a Dubai company, it must be incorporated as a Free Zone Company. Contact Maritime International Ltd. for details.

The company can purchase property in the Palms in Dubai and in other approved areas.

QUICK REVIEW OF DUBAI (RAK & JAFZA) OFFSHORE COMPANIES

DUBAI OFFSHORE COMPANY FEES

• Click Here for Typical Dubai Offshore Incorporation Fees
• Compare Dubai Company Fees to Other Jurisdictions
• Request a No-Obligation Quotation or Place an Order for a Dubai Company

OFFSHORE COMPANY MANAGEMENT SERVICES AVAILABLE

Nominee Directors & Shareholders, Virtual Offices, Basic Account Maintenance, Invoice and Accounting Services, Employee Contracts, Document Safekeeping and general Corporate Services. More details are available on our Management Services page.

PRIVACY

The names of the Directors and Shareholders are filed in the Registered Office. They are not filed with the Government and are not in the public record.

Additional privacy can be provided through the use of a nominee Director and/or Shareholder. Only the nominee names are filed with the Government. The Beneficial Owner of the company and the Power of Attorney issued to him/her to run the company, are not required to be filed with the Government.

NAME RESTRICTIONS

Names must be submitted for approval and may be rejected without explanation. Maritime International Ltd. will assist you in deciding whether a particular name is likely to be approved.

SUFFIXES TO DENOTE LIMITED LIABLITY

The following can be used: Limited or Ltd or Incorporated or Inc. Others on request subject to approval.

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