Offshore Company Jurisdictions

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Offshore Company Jurisdictions

Want to set up an offshore company in Dubai? We are always here to help you out in setting up your business in any part of Dubai. An offshore company works by operating outside the country in which it is register outside of the country.

So start your offshore company registration Dubai UAE now and avail all the benefits with an offshore company.

What is an offshore company?

An Offshore or you can call it a non-resident company do not conduct any business within their dominion of incorporation. In addition there are 3 characteristics of an offshore company (IBC).

  1. They should be registered by being under the authority of incorporation.
  2. The promoter can be resided or be based outside or inside the authority of incorporation.
  3. They should keep dealing exclusively outside of the authority of the LLC.

The most popular offshore authorities in the UAE are:

  • Jebel Ali Offshore (Dubai)
  • Rak International Corporate Centre (RAKICC)

So make sure to start your offshore company registration Dubai UAE in any one of these places to make use of the many advantages.

Why start offshore company registration Dubai UAE?

With offshore company registration Dubai UAE, an entrepreneur can enjoy many benefits. Such as, the offshore probability has essentially been set up to provide cater for organizations. That need a provincial “charge help invoicing-office” – There is no base capital require and furthermore no compelling reason to set up a real office.

The offshore controls have been issued as indicated by new international measures. And organizations should enroll at least one chief for each organization. Also need to keep budgetary records and issue a yearly monetary report examined by an expert reviewing organization endorsed by the free zone. Also, each organization must hold yearly meetings (conceivable likewise as a substitute) and in short, perform and go about like a typical organization.

With an exemption from Corporate Taxes, there is no personal tax. Or corporation tax imposed neither at Emirates level or Federal level with limited expectations such as oil and foreign banks. The company can enjoy 100% foreign ownership with low operational costs.

The process of Offshore company registration Dubai UAE

Step 1: Decide a Company Name

Suggest three names for the company out of which one name will be finalize by the registration authorities. Also, the company name must end with “Ltd” only.

Step 2: Choose a Business activity

This may include trading, consultancy, and investment in property or to act as a holding company. Each offshore company is a General Trading firm.

Step 3: Decide the Capital

No fixed capital investment set in case of an offshore company.

Step 4: Finalize the shareholders, directors, and secretary

You need a minimum of two directors and one shareholder for an offshore company.

Step 5: Submit documents

You need the following documents for offshore company registration Dubai UAE:

-Notarized Passport Copy of the shareholders and the directors.

-Original Proof of Address – utility bill, telephone bill (not older than 3 months)

-A brief resume of the shareholders

-Bank Reference letter

Step 6: Application set

Along with the application form and the above mentioned compulsory documents, the Application Set will also include a Memorandum of Association (MoA) and Share Certificates. These need to be duly sign by the directors, secretaries, and shareholders.

Step 7: Submission of Application Set

You need to submit all the compile documents offshore company registration Dubai UAE. The process takes 3 working days. Once register successfully, you will receive a Certificate of Incorporation, Memorandum of Association and Share Certificate. Now you can now officially run your business.

Banking for offshore companies in the UAE

Once you have completed the offshore company registration Dubai UAE process, you will need a bank account. To open a bank account, you will need these documents:

-Passport copy

-Original bank statements of the last six months

-Bank forms

After submitting we will get the certified stamped bank form for you.

We will help you throughout the offshore company registration Dubai UAE process. We wish this information were helpful to you, for any further queries you can talk to our consultants.

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