Hi Nabil,

I'm Hemant Katyal from DhanGuard. Offshore company formation in Dubai can be suitable for international investors who want to hold overseas shares, manage eligible assets or structure international investments.

1. Which UAE Jurisdictions Offer Offshore Registration?

The commonly considered options include:

• JAFZA Offshore: Based in Dubai and often considered for international holding structures.
• RAK ICC: Based in Ras Al Khaimah and offers offshore structures for international business and asset holding.

The appropriate option depends on your intended activities, asset location and compliance requirements.

2. What Is the Difference Between JAFZA Offshore and RAK ICC?

Both support offshore company structures, but they differ in registration procedures, documentation, fees and service-provider requirements. JAFZA may suit investors seeking a Dubai-based structure, while RAK ICC is another option for international holding arrangements. Compare their current rules before deciding.

3. Can Foreign Individuals and Companies Be Shareholders?

Yes. Both individual and corporate foreign shareholders may be eligible, subject to the jurisdiction's requirements. Corporate shareholders generally need to provide incorporation documents, ownership details and authorised signatory information.

4. Can an Offshore Company Open a UAE Bank Account?

An offshore company may apply for a UAE corporate bank account, but approval is not guaranteed. Banks assess the company's activities, ownership structure, source of funds, expected transactions and supporting documents. Review DhanGuard's UAE business bank account guidance before applying.

5. What Documents, Fees and Compliance Requirements Apply?

Commonly required documents include:

• Passport copies and proof of residential address for shareholders and directors.
• Proposed company name and business purpose.
• Corporate shareholder documents, where applicable.
• Ownership and ultimate beneficial owner (UBO) information.
• Due diligence forms and supporting declarations.

Registration and annual costs depend on the jurisdiction, registered agent and company structure. Budget for incorporation, registered office or agent fees, annual renewal and any applicable accounting or compliance services.

Note: Confirm the latest fee schedule and annual filing obligations with the selected registered agent. Tax registration, reporting and economic substance-related obligations should also be assessed based on the company's activities and applicable UAE rules.

Final Advice

For your proposed holding structure, compare JAFZA Offshore and RAK ICC based on asset ownership requirements, shareholder structure, banking needs and ongoing compliance. DhanGuard can help assess the structure and explain the applicable offshore company formation options.

Best regards,
Hemant Katyal
DhanGuard