UAE provides the option for offshore company formation in specific jurisdictions known as offshore zones. Offshore companies in the UAE are commonly used for international business activities, asset protection, and tax planning. Here is a general guide to the process of offshore company formation in the UAE:

1. Choose the Offshore Jurisdiction:

   • The UAE has specific offshore jurisdictions, the most notable being the Jebel Ali Free Zone Authority (JAFZA) Offshore and the Ras Al Khaimah International Corporate Centre (RAK ICC). Choose the jurisdiction that best suits your business needs.

2. Engage a Registered Agent:

   • To set up an offshore company, you typically need to engage the services of a registered agent who is authorized to facilitate the registration process with the relevant offshore authority.

3. Determine Business Activities:

   • Clearly define the scope of your business activities. Offshore companies are usually restricted from conducting business within the UAE but are allowed to engage in international activities.

4. Name Reservation:

   • Choose a unique and acceptable name for your offshore company. The proposed name must comply with the regulations of the chosen offshore jurisdiction.

5. Provide Required Documentation:

   • Prepare and submit the necessary documentation, including the application form, passport copies of shareholders and directors, proof of address, and the business plan. The specific requirements may vary by jurisdiction.

6. Pay Fees:

   • Pay the relevant registration and license fees to the offshore authority. The fee structure will depend on the chosen jurisdiction and the type of services required.

7. Obtain Registration Certificate:

   • Once the documentation is approved, the offshore authority will issue a registration certificate and other legal documents, confirming the establishment of the offshore company.

8. Open Offshore Bank Account:

   • Use the registration certificate and other documents to open an offshore bank account in the UAE or in another jurisdiction, depending on your preferences and business needs.

9. Maintain Registered Office:

   • Offshore companies are required to maintain a registered office within the jurisdiction of incorporation. This is often the office of the registered agent.

10. Compliance and Renewal:

    • Ensure ongoing compliance with the regulations of the offshore jurisdiction. Offshore companies usually need to renew their registration on an annual basis.

11. Business Operations:

    • While offshore companies are restricted from conducting business within the UAE, they can engage in international business activities, own assets, and hold bank accounts.

It’s important to note that regulations and procedures may evolve, so it’s advisable to seek updated information from the relevant offshore authority or consult with professional service providers who specialize in offshore company formation in the UAE. Additionally, engaging legal and financial advisors can help ensure compliance with local regulations and international best practices.