There are three primary Offshore jurisdictions in the UAE to choose from including the RAK Free Trade Zone, JAFZA Free Zone and Ajman Free Zone. We work with all three jurisdictions as a registered agent and can provide Offshore company formation services to create a bespoke Offshore company that benefits from over 40 double taxation treaties (DTAAs) the UAE currently has in place as well as it’s status as a white listed independent jurisdiction for Offshore purposes.

Moreover we provide our corporate beneficial nominee sponsored clients the service to create a Offshore company that can act as a holding company for companies under our nominee beneficial sponsorship which offers an additional level of security for our clients and their 49% shareholding within a Limited Liability Company under our sponsorship.

In addition to the benefits enjoyed of the DTAAs the UAE has in place the shareholders of a Offshore company enjoy 100% foreign ownership and there is no public register of company officers or shareholders therein which affords complete anonymity and privacy. A UAE Offshore company can own real estate within designated Freehold areas as stipulated by the government of the UAE. Offshore companies in the UAE can hold bank accounts in multiple currencies and are exempted from all corporate and income taxes applicable in the UAE. There are no foreign currency restrictions and companies benefit from full repatriation of the profits and capital to their preferred jurisdiction. As there is no onshore office there are no employees or related costs and a minimum of only of 1 Director / Shareholder is required for company formation.

We have strong relationships within the UAE financial sector and can provide our clients with an overview of the financial institutions in the UAE for your offshore company. We can facilitate the opening of bank accounts for your Offshore Company in multiple currencies including USD, GBP, Euro and CHF as well as many others.

GCC can assist your company with offshore company formation in several other offshore jurisdictions worldwide including the Isle of Man, Guernsey/Jersey, the British Virgin Islands, Switzerland, Nevis, Belize, the Seychelles and other favorable jurisdictions. Please send us an enquiry for a bespoke tailored solution that suit your professional and/or personal purposes.

For more information on how we can help your company establish a Offshore Company please contact one of our local offices to arrange a consultation.