Features of registering an offshore company in the UAE
The United Arab Emirates (UAE) is a Gulf state consisting of 7 emirates, each of which is a small state entity with an absolute monarchy. The country has several “free zones” and several offshore zones, the most famous of which are Ajman offshore zone and RAK ICC offshore zone. The country annually attracts increasing numbers of immigrants, because the UAE is recognized as a world leader in rising living standards.

Typically, UAE offshore companies are used for international trade, consulting agencies, holding and management of maritime vessels. In addition, offshore companies can own real estate, open bank accounts and deposits both in the UAE and in other countries, and act as founders of other companies in the country and abroad.
However, it is important to note that the activities of such companies must be carried out outside the territory of the United Arab Emirates; offshore companies do not have the right to rent an office in the UAE and receive money transfers from legal entities registered in the Emirates, be engaged in banking, financial and insurance activities without obtaining a license.
In addition, offshore company in the UAE is not the basis for the founders of the company to obtain a visa.

As in many countries, in the UAE, there must be at least one director and at least one shareholder, regardless of their nationality, to establish a company. The company secretary is mandatory. Either one person or different people can act as a director, shareholder and secretary. Please note that when opening a current account, nominee shareholders are equal to the owners of the company.
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