Offshore Company Formation
Dubai, UAE
Offshore company formation in Dubai offers asset protection, tax efficiency, global business operations, privacy, and easy setup, making it ideal for investors seeking secure international structuring.
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Offshore Company Registration in Dubai
Unique features of offshore company formation Dubai, UAE
Scope and scale
A company can be established offshore, that is away from the UAE mainland and not in a free zone. You could establish an offshore company in RAK Offshore (officially the Ras Al Khaimah International Corporate Centre or RAK ICC), which is a Company Registry containing details of offshore companies; or overseas. The British Virgin Islands, Cayman Islands, and Mauritius also offer excellent venues An offshore company formation in Dubai is a legal business that is established with the intention of operating outside its registered jurisdiction or location of ownership. In the majority of cases, offshore companies do not need to occupy physical office space, but in turn, cannot undertake extensive any business activities in the country of its origin. when setting up your offshore company.
Offshore companies can be created and owned by individuals or institutions, and shares can be easily and freely transferred by a written instrument.
Offshore company formation in Dubai is a fast-growing sector of new business setup in UAE . It is typically built with provisions to minimize or eliminate taxes associated with property sales, capital gains, value-added tax (VAT), death duties, and profits on business earnings.
For investors looking at offshore company registration in Dubai, favored considerations include the ability to create or maintain wealth, hold or protect property and other assets, and offer international trading, contracting and consulting services from a single location.
Benefits of Offshore Company setup in Dubai is an assurance of confidentiality over ownership and related financial affairs.
Structural Benefits of Offshore Company Registration in Dubai
When compared to many other jurisdictions, the UAE has a highly regulated banking system, sophisticated infrastructure and facilities, cutting-edge telecommunications networks, and easy access to international markets.
Registering an offshore company in UAE spells out several business benefits:
- Stable and business-friendly legal system
- Flexible regulatory regime
- Tax neutrality
- Separation and protection of assets
- Gateway to international markets
- Access to global funding
Incorporation of offshore companies is relatively easy, quick, and simplified, and we often complete the process in a few days.
Benefits of Offshore Company Registration in Dubai
Unlike other jurisdictions which are considered solely for taxation, offshore company formation in UAE offers numerous advantages: direct investment into specific jurisdictions, better management of taxes on foreign income, full ownership of intellectual property, and the separation and protection of personal assets from operating entities.
An offshore company formation in UAE can be strategically designed to minimise overall international tax liability. There are no requirements for minimum share capital, although in some cases, the government registrar may ask that paid-up capital be commensurate with proposed activities.
Another localised advantage is related to realty. Some property developers in the UAE allow up to four owners for the purchase of a single property such as a villa, an office or an apartment.
Choice of Jurisdiction for Offshore Company Registration in Dubai
Choosing a jurisdiction for offshore company registration in Dubai depends on a number of factors: laws and regulations of the country as applicable to the business, political and geopolitical climate of the region in relation to future plans, exact nature of the business, and type of assets that will be held by it.
List of Top Offshore Companies in UAE:
- RAK International Corporate Centre (RAK ICC)
- Jebel Ali Free Zone Authority (JAFZA)
Both permit 100% foreign ownership, and are tax free jurisdictions that levy no income tax or corporate tax. The UAE has negotiated Avoidance of Double Taxation Treaty Agreements (DTTAs) with more than 110 countries.
Both jurisdictions also have unique offerings: RAK ICC is hailed as the cheapest and fastest way to set up an offshore company in the UAE, with incorporation often completed in a few days. RAK offshore is one of the most established offshore jurisdictions in the Middle East, and has an enviable roster of more than 14,000 companies in 50 sectors. Meanwhile, JAFZA & RAK ICC offshore companies are the UAE’s only offshore vehicles that are permitted to own property in the emirate of Dubai.
All offshore companies in UAE can open multi-currency accounts in the country and carry out business internationally.
Our services
We are registered and reliable agents for Dubai offshore company formation, and we continue to serve clients from all parts of the world. Complementing our many years of experience is a distinguished team of in-house lawyers, accountants, auditors and management consultants who work closely together with every client.
We offer end-to-end services for offshore company formation in the UAE, and administration thereof. These services include corporate and business documentation, opening of bank accounts, and the provision of directors, company secretary and nominee shareholders as required. Working on your behalf, we will also liaise with all concerned authorities.
Most importantly, we will guide you through every stage of offshore business setup in Dubai, including choosing and registering a name, conducting and collecting due diligence, and arranging reference letters.
In most instances, we will not require your physical presence to open your offshore company.
Offshore companies in UAE are not subject to any registration conditions with regard to the leasing of premises, provision of guarantees or employment of staff. However, should you require it, we can arrange for your business to be conducted and all communications to be maintained through our registered and approved firm.
Our auxiliary services cover most aspects of everyday business operations, including accounting, audit and assurance, payroll, taxation and outsourced CFO and PRO services.
Benefits of Offshore Company Formation in Dubai, UAE
- Ideal place for international trading, legally exempt from corporate tax
- Exempt from annual accounting and other tax obligations
- Full repatriation of funds and allows multi-currency transactions
- Maintain confidentiality in the business dealings
- Shareholders or directors not required to register their details and name for public record
- Easy to setup corporate bank account in UAE
- Complete ownership of your company
- No trade barriers or any other foreign exchange controls
Why Us?
Trust Singiri Auditing for a seamless Dubai mainland business setup that reflects your business aspirations.
Customised Solutions
Experienced Consultants
Hassle-Free Procedure
Multiple Payment Options
Exclusive Packages
Specially designed packages to simplify your Account Management
BASIC PLAN
- Up To 10 Monthly Transactions
- Get Free VAT & ESR Assessment
- Updating Day To Day Transactions
- Sales
- Purchase
- General
- Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Bank Reconciliation
- Balance Sheet
- Income Statement
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ADVANCED PLAN
- Up To 150 Monthly Transactions
- Get Free VAT Consultation & ESR Notification Guidance With Annual Accounting Plan Updating Day To Day Transactions
- Sales
- Purchase
- General Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Reconciliation
- Balance Sheet
- Income Statement
- Cash Flow Statement
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PREMIUM PLAN
- Up To 400 Monthly Transactions
- Get Free VAT & ESR Assessment Updating Day To Day Transactions
- Sales
- Purchase
- General Monthly Accounting Reports
- Sales
- Accounts Receivable
- Accounts Payable
- Reconciliation
- Balance Sheet
- Income Statement
- Fixed Asset Register
- Financial Analysis
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Client Testimonials
What Our Valued Customers Say About Us
We work closely
with all Government Agencies
We're always on the same page with Government Agencies, working together to get the job done!
Accounting Services – Frequently Asked Questions
FAQ’s
Here are some common questions about Accounting Service.
As an team of chartered accountants in Dubai, we take pride in keeping the financial transactions and records up–to–date and accurate, allowing key decision makers to rely on management reports that bring cost reduction, consolidated accounting processes, and improvement of efficiency and compliance; enabling stakeholders to focus on where it matters.
Our Expertise
- Accounting and Bookkeeping Services
- Online Accounting/Onsite Accounting
- Backlog Accounting
- Accounting Documentation and Compliance
- Accounting System Set–Up and Training
- Budgeting and Forecasting
- Financial Statement Preparation
- Customized MIS Reports
- Vat Compliance and Return Filling
- We think of our clients as our partners, we collaborate with them not as an external firm but as an extended team, adding value to their businesses.
- We currently provide accounting support to more than 250 clients in trading, construction, real estate, healthcare, logistics, and other services.
- Traditionally, it was common for business owners to hire bookkeeping professionals
- To survive in today’s era of competitive markets and industries, a successful business needs to evolve its processes regularly and save or minimize costs and expenses while maintaining product quality. Now, you can outsource such an appalling task: accounts payable processing and focus on running the business. Our competent team of accountants is highly capable to provide accounts payable processing services periodically depending on your needs. Also, trust that the crucial data of your creditors are perfectly safe.
- pers to work in-house but with modern technology, maintaining a local accountant is often unnecessary. For a business, outsourcing is a logical way to cut costs associated with maintaining personnel. This frees up time and money for business owners to focus on increasing their profit margins, rather than getting occupied with the details of managing people and paperwork. Furthermore, outsourcing removes many of the stresses associated with operating a small business – such as meeting tax, invoice, and billing deadlines. In a nutshell, outsourcing your accounting allows for a sense of freedom and flexibility that is not allotted by most traditionally managed businesses.
- Save staffing and payroll costs
- Access a pool of experts and resources
- More time to focus on your business
- Enjoy a stress-free tax season
- Take advantage of the latest technology
- Scale your books with your business
- Reduce the likelihood of errors
- Guaranteed privacy and confidentiality
- Our Expertise:
- Chart of account review and set–up.
- Data entry, including daily transaction recording.
- Frequency of visits will be determined based on the requirement. We can provide daily, weekly, monthly, and quarterly visits.
- Accounts payable and receivables processing.
- Bank Reconciliations
- VAT Compliant Procedures
- Generating MIS Reports
- ● You do not have to take this everyday challenge, so you can focus on where it matters. We will take the extra mile to understand your business, delivering tailor-made solutions if you are looking for bookkeeping firms in Dubai.
- One of the most important facets of an organization is how well the accounts and finance of the company are managed; your financial statements represent your financial performance throughout the year and predict future performance. Important decisions are made based on these financial statements including banks and financial institutions’ lent loans.
- How can we help?
- We design a financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties, and bookkeeping.
- We shall set up the accounting procedures and software to carry out all the financial activities appropriately.
- We shall take up the data entry task and update all your accounts regularly depending on the frequency of your transactions.
- Our team will supervise and check from time to time whether the process is being followed accurately. Inefficiencies will be rectified during this procedure.
- Finally we shall prepare your income statement, balance sheet, cash flow statement, and statement of equity. All your reports will be prepared quarterly and annually for regular analysis of your financial performance.
- One of the most important facets of an organization is how well the accounts and finance of the company are managed; your financial statements represent your financial performance throughout the year and predict future performance. Important decisions are made based on these financial statements including banks and financial institutions’ lent loans.
- How can we help?
- We design a financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties, and bookkeeping.
- We shall set up the accounting procedures and software to carry out all the financial activities appropriately.
- We shall take up the data entry task and update all your accounts regularly depending on the frequency of your transactions.
- Our team will supervise and check from time to time whether the process is being followed accurately. Inefficiencies will be rectified during this procedure.
- Finally we shall prepare your income statement, balance sheet, cash flow statement, and statement of equity. All your reports will be prepared quarterly and annually for regular analysis of your financial performance.
- The solution is easy; opt for our Accounting Supervision Service. There are several means of committing and hiding a strategically planned fraud in an organization. Taking precautions is the best you can do to avoid incurring huge losses, or even bankruptcy, in the future. One could never know if one of your most trusted members could be cooking your books for personal gain. To avoid losing your life’s hard work and all the efforts you and your team have put into the business, our team will conduct a regular check of your entity. Since we are a third-party firm, no self-interest or self-review threats could cloud our judgment. You can fully trust us to ensure that the entries of your daily transactions, bookkeeping, and financial reporting are being performed honestly and truthfully.
- Don’t despair; sign up for our Updating Backlog Accounts Service. Maintaining proper books of accounts is a real challenge for small & medium enterprises. If your business is registered under commercial company law in UAE, it is compulsory for you to maintain all your financial transaction records in the prescribed format. Our team will help you to prepare books of account from the date of incorporation of business till the current date; as you provide all the necessary supporting documents; consisting of all the original purchase and sales invoices, payment and receipt vouchers, bank statements from the start of business and record of all the checkbooks used during the period. Our team of experts will update all the records in your company’s accounting software. You will be provided with the following financial reports:
- Balance Sheet or Statement of Financial Position
- Statement of Cash Flow
- Details of the Company’s Accounts Receivable
- Details of the Company’s Accounts Payable
- Efficiency Reports
- Calculation of Variances and Output Analysis
- Calculation of Financial Ratios and Analysis
- Calculation of the Break-even Point for the Company
We certainly can. The strongest pillar of your business is your employees; the best way to inspire their productivity is to ensure a healthy working environment that includes salaries being paid on time. Payroll management can become complex if not properly handled as it involves several perquisites and benefits instead of only wage calculation e.g. leave, vacation expense, insurance, medical benefits, etc. Focus where it matters; instead of wasting time researching salaries and wages laws and regulations, sign up with us for Payroll Services.
