UAE offshore company comparison in 2024
| UAE offshore company formation options | Jebel Ali offshore company | RAK offshore company | Ajman offshore company |
|---|---|---|---|
| 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 |
| 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 |
