Chesterfield (London) - Headquarters
207 Old Marylebone Road
London
NW1 5QP
Tel: +44 (0) 203 771 3853
Fax: +44 (0) 203 771 3856
Email: sales@groupchesterfield.com

Structures

Dubai is certainly more sophisticated than other jurisdictions when it comes to deciding on a type of offshore structure due to the amount of choice that it has to offer.

The types of companies Dubai has to offer are;

1. Offshore Companies – these cannot conduct business in the UAE apart from operating a bank account.  It is not possible to apply for a residency visa.  They allow 100% foreign ownership.

The Ras Al Khaimah Offshore Company, more commonly known as a RAK offshore company, is the most popular choice of offshore company.  This is generally preferred as whilst offering the anonymity and tax advantages that have become synonymous when considering a Dubai offshore company it also is a cheaper, more flexible option compared to other options.

2. Free Zone Companies – these cannot conduct business in the UAE, although depending on the zone it may be possible to hold property in the UAE and do business with local companies and/or individuals.  It is also possible to apply for a residency visa.  They allow 100% foreign ownership.

Dubai has over twenty free zones in which to choose to register your company.  Each Free zone is developed for specific sectors and industries and therefore depending on exactly what the company will be doing there will be free zones that are more suitable than others.  Depending on the free zone the initial share capital requirements can also differ substantially.

An example of a free zone is a Jebel Ali Offshore Company, more commonly known as a JAFZA company.  This is the only free zone where offshore companies are allowed to hold property in Dubai.  Generally other free zones may not conduct business within the UAE other than opening and operating a company bank account.

3. Local Companies or Onshore companies.  These can trade freely within the UAE and it is possible to apply for a residency visa.  A local nominee must hold 51% of the shares.

The best advice when considering a Dubai company is therefore to engage with one of our experts as to exactly what the company will be doing and any special requirements that you may have.  This way we are best able to eliminate the possibilities that are not suited to you needs and provide you with the best possible proposal.



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