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Offshore Company Setup in the UAE
An Offshore Company is ideal for international trading, holding assets, or tax planning. It cannot trade within the UAE but offers privacy, flexibility, and zero tax for global operations.
Business Setup Requirements
Registered agent (like Taxoryx) required for incorporation
Minimum 1 shareholder and 1 director (no residency requirement)
Registered UAE office address (agent-provided)
Submission of KYC documents and MOA/AOA
Certificate of incorporation issued by RAK ICC or JAFZA Offshore
Benefits
100% foreign ownership
0% corporate and personal tax
No requirement for physical office or audit
Confidentiality of shareholder and director details
Can hold shares in UAE or foreign companies
Allowed to own real estate in designated Dubai areas
Scope of UAE Corporate Tax
- Businesses and individuals operating under a commercial license in the UAE
- Free zone businesses adhering to legal requirements without mainland offices
- Foreign entities conducting ongoing business activities in the UAE
- Banking operations
- Companies engaged in real estate management, construction, development, agency, and brokerage
The following are exempt from UAE Corporate Tax:
- Businesses involved in the extraction of natural resources (subject to Emirate-level taxation)
- Dividends and capital gains from qualifying shareholdings
- Qualifying intra-group transactions and reorganizations (meeting specific conditions)
- Individuals’ salaries and employment income
- Interest and income from personal bank deposits or savings
- Foreign investor income from dividends, capital gains, interest, royalties, and other investments
Income is considered UAE-sourced if it arises from:
- Activities, contracts, or assets located in the UAE
- Services provided or utilized in the UAE
- Interest secured against UAE property
- Insurance premiums related to UAE-based assets or residents
The Qualifying Free Zone Person (QFZP) framework allows certain free zone entities to benefit from a 0% tax rate on qualifying income, provided they:
- Maintain adequate substance in the UAE
- Derive eligible income as defined by ministerial decisions
- Comply with transfer pricing rules
Entities may also elect to pay the ordinary CT rate instead of the 0% regime
Visa Requirements
No residency or employment visas available for offshore entities
Shareholders can, however, open UAE bank accounts and own assets
Why Choose Taxoryx Services?
At Taxoryx Accounting & Bookkeeping Services LLC, we simplify UAE company setup for entrepreneurs, investors, and corporates by providing:
- Tailored business structure consultation (Mainland, Free Zone, or Offshore)
- Complete license registration and visa processing
- Corporate bank account assistance
- Ongoing compliance, accounting, and tax advisory
- Transparent pricing and fast turnaround
Accuracy & Timeliness
Minimize human error and ensure that every tax obligation is met accurately and on time
Scalable Solutions
Providing tailored compliance and strategic support at every stage.
Compliance
Updated with both local and international financial regulations to ensure your business remains fully compliant
