Offshore company formation in Dubai is one of the best ways to get the highest level of privacy and confidentiality. For any individual or entity living anywhere in the world, the UAE is one of the best offshore company formation destinations.
NR Doshi and Partners can devise a tailor-made strategy for your business. You can incorporate an offshore company with minimal expenditure, lesser terms, and more control.
There are a few specific offshore locations in the UAE. One can conduct offshore company formation in Dubai or any of the selected locations in the emirates.
We have decades of experience in Business Setup Services in UAE. Therefore, you will have the ‘best in industry experience and results. We know the prime locations, how to fulfill different business needs, and how to legally minimize taxes.
Advantages of Offshore Company Formation in Dubai
For offshore companies, it is a primary benefit that they do not need to pay corporate or personal taxes. Therefore, it allows you to earn maximum profits. There are a few exceptions as per the law and government norms.
While incorporating an offshore company, owners insist on 100% ownership. Our offshore company formation services will help you fulfill this requirement and much more. According to the International Companies Regulations, having local sponsors or shareholders is not compulsory.
N R Doshi and Partners’ offshore company formation service produces the best-suited options per the company’s budget. We strive to meet all our client’s business needs without exceeding your budget. The offshore company registration procedure is cost-effective, and it takes us almost three to four working days to complete the process.
The operation costs are quite low as there is no need for offshore companies to lease premises, employee staff, etc. One can run his offshore company in Dubai or other emirates through registered firms.
Suppose you are looking to acquire another offshore company instead of starting a new one. In that case, it is facile to do so. We take care of the entire transfer process. All you need to do is provide us with the required documentation. The process is easy when you have the support of a trustworthy & experienced local firm.
There is no minimum share capital requirement for offshore company formation. Hence, offshore company formation is one of the ideal structures for companies operating on a strict budget.
Documents Required for Offshore Company Formation in Dubai
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Procedure of Offshore Company Formation in Dubai
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.
Offshore Locations in the UAE
There are two central locations: RAK (Ras Al Khaimah) and Jebel Al, offering offshore company formation. Both locations have their advantages. You can consult N R Doshi’s approved agents to incorporate your offshore company in any of these offshore locations.
RAK offshore company formation is a cost-effective solution compared to Jebel Ali. As the company structure would be Limited Liability Company (LLC), the liability will be limited. Further, there are no restrictions on activities in this offshore location.
You will not even need to visit the authorities for company incorporation. Our agents will take care of all the requirements. There is even no need to get a tenancy contract before incorporation.
You will benefit from a corporate bank account in the UAE, 100% foreign ownership, plus you need only one director.
Jebel Ali is a prime business hub as there are free zone companies as well as offshore companies. Jebel Ali also provides access to its shipping port, which is one of the largest in the world. Most offshore companies in Dubai operate from Jebel Ali.
There is no requirement to pay corporate tax, income tax, personal tax, or any other tax. While incorporating an offshore company in Dubai, there are zero minimum capital requirements. However, you need to maintain accounting records and conduct a statutory audit.
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.
- 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.
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!