Procedure of Offshore Company Formation in Dubai
The procedure for offshore company formation is shorter and more straightforward compared to the Freezone Company Setup in Dubai or Mainland company formation in Dubai. You will not need to be physically present in the UAE during company formation. Have a look at the entire process:
The first step to offshore company formation is to discuss the business goals and what exactly you wish to achieve by incorporating an offshore company in the UAE. This clarity will help us decide which offshore location is the perfect fit for your company as per your business needs and activities.
We will request you to provide us with the list of documents mentioned in the previous section. Those documents must be submitted to the registrar while submitting the application form for offshore company formation.
You need to provide us with at least three company names along with the preference. We need to provide the company name while filling out the application form. Suppose a company with the same name already exists. In that case, the authority will select the name with the second preferred name.
Technically, the minimum share capital is $1. Therefore, there are no restrictions on share capital. However, you still need to provide us with the capital details, the number of shares, and the value of each share for offshore company formation.
After we add the list of all the business activities, provide the authorities with the relevant documents, and fill out the application. Later, the authorities will conduct the screening and verification.
A company needs to ensure the following conditions to ensure that the regulatory body approves its application-
- Provide all the documents as per the requirements.
- Fill out all the information accurately as stated on the form.
Upon meeting the above requirements, the authorities will issue the trade name quickly under the government guidelines, which completes your offshore company incorporation process.
Why N R Doshi and Partners?
Why N R Doshi and Partners?N R Doshi and Partners is one of the most reputable firms providing offshore company formation services to a myriad of companies.
In our three decades’ experience, we came across unique requirements for offshore company formation. There were individuals belonging to different nations, owning quirky businesses. Optimal privacy and anonymity were their most important concerns.
Our company formation services include free zone, offshore, and mainland company formation services. Some businesses that benefitted from our company formation services also chose us for other financial services.
We even supported companies by providing high-grade accounting, auditing, and VAT-related services. On top of that, we even improved the internal controls of offshore companies to ensure high-security standards.
Our Strength
- Excellent knowledge of various offshore locations of the UAE.
- Advanced-level experience in setting up offshore companies in different sectors.
- An expert team of professionals who know all the UAE laws & regulations related to offshore company formation.
FAQs
1) How Many Directors do you Need for Offshore Company Incorporation?
The number of directors varies as per the offshore location. For Jebel Ali Offshore Company, there is a need for two directors. In contrast, you only need one director for RAK offshore.
2) Is it Necessary to Have a Local Sponsor for Starting an Offshore Company?
No, you can have complete ownership of your offshore company. Hence, there will be no need for a local sponsor.
Get On Board with Offshore
Let’s get started with your company formation!
