Offshore Business Setup in UAE

RAK ICC & JAFZA Offshore Company Formation

Our experts will assist you in choosing the most appropriate and beneficial Dubai offshore license for your business, whether it’s commercial, industrial, or professional.

What is an Offshore Company?

An offshore company is a legal business entity incorporated in a jurisdiction different from where its owners reside or primarily operate​. In the UAE context, an offshore company (also known as an International Business Company, or IBC) is established in special jurisdictions like RAK ICC or JAFZA, enabling you to run a business or hold assets outside the UAE while enjoying the UAE’s business-friendly regulations. Offshore companies benefit from the UAE’s 0% taxation and regulatory ease, but they cannot conduct business within the UAE domestic market​. This means an offshore company is used for international trade, investment, and asset holding purposes – it does not receive a local business license and does not entitle its owners to UAE residence visas​. In essence, UAE offshore entities allow you to expand globally under a UAE-registered company, without the need for local offices or operations in the Emirates.

Benefits of Offshore Company Formation in UAE

Offshore business setup in the UAE enables international entrepreneurs to expand globally with minimal overhead and maximum benefits. Forming an offshore company in the UAE offers numerous advantages for business owners. The UAE is renowned as a tax-friendly jurisdiction, often considered a reputable “tax haven” for legitimate business operations​. Here are some key benefits of setting up an offshore company in UAE:

Zero Taxes and Tax Treaties

Offshore companies pay no corporate or income taxes, and also no VAT, sales, or import/export taxes on their earnings. The UAE imposes no taxes on corporate profits, capital gains, or personal income for offshore entities​ . This allows you to legitimately maximize profits through tax optimization (as opposed to evasion). Furthermore, the UAE has signed double taxation avoidance treaties with over 130 countries, ensuring you won’t be taxed twice on the same income across jurisdictions​

100% Foreign Ownership

You retain full ownership of your offshore company without the need for a local sponsor or partner. UAE offshore jurisdictions allow 100% foreign shareholding, unlike some onshore business forms that may require local participation​ . This means you have complete control over your company’s equity and decision-making from day one.

Asset Protection

An offshore company acts as a robust vehicle for asset protection. It can hold assets such as international investments, intellectual property, or real estate, shielding them from potential liabilities in your home country. UAE offshore companies provide a legal shield for your assets – they offer limited liability and can safeguard holdings against lawsuits or creditor claims​ . This makes them ideal for wealth management and estate planning strategies.

Privacy and Confidentiality

UAE offshore jurisdictions maintain high levels of confidentiality. Offshore companies are not required to publish financial statements or owner information publicly, ensuring your business and personal identity remain private​ . Ownership records are kept confidential by the registration authority and are not disclosed to third parties except in cases of official investigations (e.g., money laundering or criminal issues). This business anonymity provides peace of mind for those who value discretion.

Easy International Banking

Offshore companies in the UAE can easily open multi-currency bank accounts in UAE banks and internationally. The UAE’s advanced banking system gives offshore entities the ability to manage funds in various currencies and conduct global transactions with ease​ . This simplifies receiving and sending international payments while leveraging the UAE’s banking stability. Additionally, having a UAE offshore company can enhance your credibility with foreign banks, making it easier to access global banking services and financing.

Quick Setup and Minimal Maintenance

Setting up an offshore company is fast and straightforward. Incorporation can often be completed within a few days to a couple of weeks​ , as requirements are minimal. In many cases, you only need one shareholder and one director, with no minimum capital required to start​ . Annual compliance is also simple – offshore companies don’t need to file audited financial statements or tax returns in the UAE​ . This means less bureaucracy and lower ongoing costs. Overall, the administrative burden is very low​ , allowing you to focus on your business.
(These advantages make UAE offshore company formation extremely attractive for entrepreneurs looking to internationalize their operations in a hassle-free, cost-effective way.)

Who Should Consider an Offshore Company?

Offshore companies are not suitable for every situation, but they are an excellent solution for many entrepreneurs and investors. You should consider an offshore company in UAE if:

You need to protect assets or hold investments

Investors who want to hold assets (like real estate, stocks, intellectual property, etc.) in a secure, tax-neutral jurisdiction can use offshore companies. UAE offshore structures offer a simple way to consolidate and protect assets in a stable jurisdiction​ . They are ideal for estate planning and wealth management, ensuring your assets are insulated from foreign legal risks while being easily transferable to heirs or other beneficiaries.

You don’t need a UAE visa or local storefront

If you have no requirement for a physical office in the UAE or residency visas, an offshore company is ideal. Offshore companies do not provide UAE residence visas for owners or employees​ , and they cannot carry out commercial activities within the UAE. This makes them perfect for holding companies, investment vehicles, or international business entities that won’t hire UAE staff or sell locally. (By contrast, if you do need to physically operate in the UAE or require visas, a free zone or mainland company would be more appropriate.)

You seek tax efficiency for global income

Entrepreneurs from high-tax countries often use offshore companies to legally optimize taxes on foreign income. With a UAE offshore, your international profits can accumulate tax-free, and you can take advantage of the UAE’s extensive tax treaty network to avoid double taxation on cross-border earnings​ . If reducing the tax burden on your overseas business is a priority, an offshore company offers a legitimate vehicle to do so.

You do business Internationally

If your customers or operations are outside the UAE, an offshore company allows you to expand globally under the UAE’s advantageous regime without needing a local base​ . For example, consultants, traders, or online businesses serving clients worldwide can operate via a UAE offshore entity and benefit from zero tax on international earnings.

You prioritize confidentiality

Business owners who value privacy in their financial affairs benefit from the anonymity offshore companies provide. If you prefer to keep your company’s financials and ownership information out of the public eye, an offshore jurisdiction offers that confidentiality by law​

Start Your Journey With Noble Core

Jurisdictions We Offer: RAK ICC and JAFZA Offshore

In the UAE, offshore companies are typically established in two prime jurisdictions: Ras Al Khaimah International Corporate Centre (RAK ICC) and Jebel Ali Free Zone (JAFZA) Offshore in Dubai. Noble Core specializes in both.

Ras Al Khaimah International Corporate Centre (RAK ICC)

RAK ICC is popular for its affordability, streamlined setup, and flexible regulations. Located about an hour from Dubai, it’s ideal for entrepreneurs seeking efficiency and cost-effectiveness.
Key Features:
RAK ICC suits entrepreneurs looking for a quick, budget-friendly offshore setup with minimal administrative demands.

Jebel Ali Free Zone (JAFZA) Offshore

JAFZA Offshore is renowned for its premium location and prestigious Dubai address, providing significant infrastructural and logistical advantages.
Key Features:
JAFZA Offshore is ideal for businesses that value Dubai’s premium environment and asset ownership opportunities, despite its higher costs and slightly more complex requirements.
Noble Core assists you in selecting and establishing the best jurisdiction for your offshore business needs.

Step-by-Step Offshore Company Setup Process with Noble Core

Setting up an offshore company can be complex, but Noble Core streamlines the process for you. We guide you through each step, leveraging our expertise to ensure all requirements are met efficiently. Here is our step-by-step offshore company formation process:

Consultation & Planning

We begin with a detailed consultation to understand your business objectives and requirements. Our experts will help you choose the appropriate offshore jurisdiction (RAK ICC or JAFZA) based on your needs, and assist in selecting a compliant company name. At this stage, we also clarify your intended business activities and outline the company structure (shareholders, directors, etc.)​ . This planning step ensures a solid foundation for your offshore company.

Preparation of Documentation

Noble Core provides you with a checklist of required documents and helps prepare each item. Typically, you will need to provide personal documents for shareholders and directors (such as passport copies, proof of address, CVs) and sign our service agreements​ . We will draft the necessary incorporation documents, including the Memorandum and Articles of Association (MOA/AOA) for your offshore company. Our team reviews all paperwork for accuracy and compliance before submission.

Submission & Company Registration

Once all documents are ready, we will submit the offshore company application to the relevant authority in RAK ICC or JAFZA. Noble Core acts as your liaison with the registry, handling any queries or additional requirements. The authorities will review the application, and upon approval (which can take a few business days to a couple of weeks), your company will be officially incorporated​ . We will obtain the Certificate of Incorporation and other corporate documents on your behalf. At this stage, the MOA/AOA is signed and notarized as required to formalize the company structure.

Bank Account Opening

After the company is formed, we assist you in opening a corporate offshore bank account in the UAE. Thanks to UAE offshore regulations, your company can open a bank account in major UAE banks (and even internationally) to conduct its business transactions​ . Noble Core will help prepare the bank compliance documents and arrange introductions to banking partners. This step is crucial for enabling your offshore company to operate financially (for issuing invoices, receiving payments, making investments, etc.).

Ongoing Compliance & Support

Noble Core’s support doesn’t end at incorporation. We continue to act as your registered agent in the UAE, which is a legal requirement for all offshore companies​. We help you maintain the company in good standing by handling annual renewals with the authorities and reminding you of any compliance deadlines. Notably, UAE offshore companies have no annual audit or tax filing obligations in most cases​, simplifying compliance. However, we ensure that any changes (e.g. in shareholders or company details) are properly documented with the registry. Our team is always available for any additional services you might need, such as issuing certificates, making amendments, or even eventually upgrading to a free zone/onshore company if your needs evolve.

Why Noble Core?

5 years in Business
within the UAE

Assisted over 5,000 entrepreneurs set up companies in the region

75% businesses renew their trade licenses with us

100% customer
satisfaction rate

5 stars in
Google ratings

5 years in Business
within the UAE

100% transparency in all transactions

Creates a community for start-ups to network, exchange knowledge, and increase business

Provides an ecosystem of support services for businesses

5 years in Business
within the UAE