New VAT Law Updates for Precious Metals & Jewellery in the UAE (2025)
22/07/2025
YOUNG AND RIGHT ACCOUNTING & TAX CONSULTANCY
YOUNG AND RIGHT From corporate tax registration to audits and bookkeeping, Young & Right offers personalized solutions that keep your business compliant and stress-free. Let’s take the complexity off your plate—starting with a free consultation.
Book Your Free Consultation
Dubai’s meteoric rise within the United Arab Emirates has re‑defined what entrepreneurs expect from a competitive business environment. Powered by world‑class infrastructure, a business‑friendly legal system, and a robust regulatory framework, the city attracts global founders who value efficiency, asset protection, and strategic reach. One structure stands out among the many options available: offshore company formation in Dubai. By combining zero‑tax treatment with strict confidentiality, a Dubai offshore entity equips modern businesses to thrive in international markets while safeguarding personal and corporate wealth.
An offshore company is an independent legal person incorporated under specialist statutes, principally the Jebel Ali Free Zone (JAFZA) Offshore Regulations and the Ras Al Khaimah (RAK offshore company) framework at RAK ICC. Although the firm is domiciled in the UAE, it cannot trade directly with local companies or consumers on the mainland. Instead, it is designed for asset‑holding, international trade, or routine international transactions such as licensing intellectual property, managing business operations abroad, or owning global real estate.
Main structural features include:
Full foreign ownership with no local shareholding quota.
A single registered agent handles incorporation and ongoing management.
No requirement for a physical office space, keeping overheads low.
Share capital may consist of one‑class shares held by corporate shareholders or individuals.
Collectively, these attributes make a Dubai offshore company setup an elegant solution for founders who need UAE credibility without the obligations imposed on free zone companies or onshore companies.
Dubai’s offshore regimes are intentionally tax‑neutral, offering a genuine tax‑free environment when activities remain outside the Emirates:
Offshore entities pay no corporate tax, income tax, or personal income tax on global profits. Earnings may be kept by the company or distributed without UAE corporate or income tax leakages.
Outbound payments to shareholders, dividends, management fees, or royalties enjoy complete tax advantages because the UAE levies no withholding tax. Likewise, gains realised on the disposal of shares or assets suffer no UAE capital gains tax.
Since offshore firms do not import or export through UAE customs channels, they avoid duties entirely ideal for global business operations coordinating supply chains from Dubai’s time zone.
Although a pure offshore vehicle cannot itself invoke the UAE’s vast treaty network, pairing it with a sister free zone subsidiary can unlock treaty relief on foreign withholding taxes. This blended business structure is a proven route for foreign investors seeking maximum tax benefits.
UAE banks offer multi currency bank accounts in AED, USD, EUR, and beyond. With a corporate bank account or an offshore bank account located locally, owners can conduct business globally without FX friction.
Beyond headline tax incentives, a Dubai offshore company delivers powerful confidentiality and security tools:
Registers filed with authorities remain private, shielding personal assets from unnecessary publicity while meeting UBO reporting rules.
Holding valuable property, IP, or securities in an offshore vehicle separates them from operating‑company liabilities, creating a formidable legal firewall.
Shares can sit within trusts or foundations, bypassing regional inheritance taxes and complex probate across multiple jurisdictions.
Contracting counterparties engage the offshore firm, not its owners, preserving individual wealth in worst‑case litigation scenarios.
For families and multinational groups alike, these offshore companies benefit long‑term wealth management and business needs far beyond simple tax savings.
Dubai’s banks have built a proven track record in servicing offshore structures:
A bank account can usually be opened within weeks once KYC is complete, thanks to efficient local banking services.
The UAE’s GMT + 4 zone overlaps with Asia in the morning and Europe in the afternoon, simplifying cross‑border business transactions and international business activities.
Banking confidentiality remains strong; yet compliance with global AML standards ensures security for counterparties and regulators alike.
Whether managing international business, paying suppliers, or receiving dividends, a Dubai offshore firm supports seamless, low‑cost cash management.
Offshore company formation in Dubai is engineered for speed, simplicity, and scalability. With no requirements for physical office space, local sponsorship, or excessive administrative filings, entrepreneurs can launch operations with minimal red tape. These streamlined procedures free founders to focus on strategic planning, international client acquisition, and cross-border operations without being bogged down by local compliance hurdles. Whether you're managing royalties, holding global assets, or routing consulting income, the offshore structure enables frictionless business across time zones and jurisdictions.
Because offshore entities may not trade with the UAE mainland, they face none of the labour, VAT, or commercial‑premises obligations placed on local companies. This keeps business setup and annual upkeep fees modest compared with many popular offshore jurisdictions.
The UAE has long allowed complete foreign ownership in its offshore regimes, well before recent reforms in mainland company law making Dubai attractive to founders from every continent.
Dubai’s ports, airports, and digital infrastructure grant offshore firms a logistical and communications springboard between East and West, supporting rapid growth into new international markets.
Dubai’s commitment to transparency means that every offshore company created through UAE offshore company formation must uphold strict governance within the United Arab Emirates. Core requirements include:
If an offshore company earns geographically mobile income such as financing or leasing, its key income‑generating activities must be demonstrably controlled in the UAE. Demonstrating substance is now as critical to company formation as drafting constitutional documents.
Whether established in JAFZA, RAK ICC, or another zone, each UAE offshore company must submit UBO details through its registered agent. The information remains confidential yet auditable, safeguarding the integrity of your offshore company formation.
A detailed business plan, ledgers, and bank account statements must be maintained. JAFZA mandates audited financials, while RAK ICC can request accounts on demand, meaning diligent record‑keeping is essential for compliant offshore company formation in Dubai.
Board minutes, statutory registers, and licence renewals must stay current to preserve good standing and retain tax‑exempt status. Overlooking these filings can negate the benefits of UAE offshore company formation.
Directors or shareholders may apply for renewable UAE residence visas, enabling seamless travel and a local presence without altering the vehicle’s offshore status.
By meeting these standards, your offshore company not only complies with United Arab Emirates regulations but also secures the long‑term advantages of a robust, well‑governed structure.
At Young & Right, we specialise in UAE offshore company formation, guiding entrepreneurs through every phase of offshore company formation in Dubai and the wider United Arab Emirates.
We assess whether offshore company formation in JAFZA, RAK ICC, or another free zone suits your objectives, weighing tax advantages against operational realities for the optimal company formation strategy.
Our team prepares constitutional documents, manages all offshore company registration steps, liaises with regulators, and secures a compliant bank account, often within a single month.
From ESR filings to audited accounts, we meet every deadline so your UAE offshore company stays fully compliant while you focus on core international business.
Need an IP‑holding vehicle, a DTA‑optimised subsidiary, or a platform for global operations? We craft bespoke solutions that respect UAE regulations and your home‑jurisdiction tax laws.
We arrange registered offices, local directors, and real operations where required, ensuring your offshore structure meets global substance standards and avoids black‑listing.
Whether winding down, migrating, or restructuring, we map efficient exit strategies, mitigate taxes, and safeguard assets throughout the transition.
Our local knowledge, proven track record, and extensive network ensure your offshore company journey runs smoothly from day one.
In a world where agility and confidentiality drive competitive edge, a Dubai offshore business delivers unparalleled value. Zero corporate and income taxes, robust asset protection, and seamless access to multi currency bank accounts create a launch pad for boundless expansion. Add the UAE’s business‑friendly legal system and world‑class infrastructure, and you have a structure built for scale.
Whether you’re streamlining international trade, consolidating group assets, or simply searching for the ideal tax benefits jurisdiction, an offshore company in the UAE ticks every box. Partner with Young & Right, and transform regulatory complexity into strategic advantage, today, tomorrow, and for generations to come.
Unlock tax-free profits, secure your assets, and go global with confidence. Let Young & Right handle your offshore company formation, from strategy and banking to compliance and beyond.
Start Your Offshore Setup Today
