UAE offshore company comparison in 2024

UAE offshore company formation options Jebel Ali offshore company RAK offshore company Ajman
offshore company
Total company set up costs US$22,393 US$16,714 US$12,670
Subsequent annual costs US$10,143 US$5,551 US$3,200
Type of company LLC LLC LLC
How long to set the company up? 4 weeks 2 weeks 2 weeks
How long to open company bank account? 8 weeks 10 weeks 15 weeks
Issued share capital required US$1 US$1 US$1
Can have a corporate bank account in the UAE? Yes Yes Yes
Tenancy agreement required before incorporation? No No No
Do you visit the country for company incorporation? Yes No No
Do you visit the country for UAE bank account opening? Yes Yes Yes
100% foreign ownership allowed Yes Yes Yes
Resident director or shareholder required? No No No
Can conduct business within the UAE? No No No
Legal registered office needed? Yes Yes Yes
Can rent office premises No No No
Can the entity hire expatriate staff? No No No
Documents to be legalized by Client Yes No Yes
Can invest in UAE real estate Yes Yes Yes
Legal considerations
Minimum number of directors 2 1 1
Minimum number of shareholders 1 1 1
Company secretary needed? Yes No Yes
Resident company secretary? No No Yes
Corporate company secretary allowed? No Yes Yes
Individual shareholders allowed Yes Yes Yes
Corporate shareholders allowed Yes Yes Yes
Public register of shareholders and directors No No No
Tax and accounting considerations
Annual accounting and tax obligations No No No
Corporate tax payable (if non-resident) No No No
Accounting records to be kept? Yes Yes Yes
Statutory audit required Yes No Yes
Corporate tax registration required? Yes Yes Yes
Annual tax return to be submitted No No No
Can access double tax treaties No No No
Can apply for immigration visas No No No
Estimated of total engagement costs in Year 1 US$22,393 US$16,714 US$12,670
Draft Invoice View invoice PDF View invoice PDF View invoice PDF

Contact us

For additional information on our incorporation services, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi