Dubai Offshore Company Formation
The plan of starting a company in Dubai is a dream to everyone in the World because of its exciting features in the business aspect. There are people coming to Dubai from various parts of the world for a business setup. The benefits providing by the locations in Dubai for the market is quiet interesting. Various companies are introduced in Dubai for a month, among them business entities are differentiated according to their legal form.
Let us see the business ideas of the people who wants to start an Offshore company formation in Dubai– UAE nation.
Recent update of Dubai government for the company formation has lead an initiation for offshore companies under Jebel Ali Free Zone offshore companies Regulation Act January 15th 2003. For an offshore company registration as per the regulations the chairman of Dubai port, free zone Corporation and the customs are provided with the authority by the Law numbers 1 and 4 of 2004.
Requirements for offshore company:
- Dubai offshore company formation have their capital division into any denomination
- Shareholder at least one is must
- The number of directors should be minimum of 2
- The complete amount of shares should be paid that is allocated
- NO bearer shares are allowed. So that no more requirement to deposit the capital in bank.
- 100% foreign ownership permitted
- 100% tax and duty free for Dubai offshore company formation.
- Corporate bank account in a bank can be opened at Dubai, UAE is permitted.
- A registered agent like auditors, consultants is needed for Dubai offshore Company from the approved list is maintained by Jabel Ali Free Zone.
- The Dubai company formation is located in the Jabel Ali Free Zone.
- Audited financials will be requested only in case of suspicion.
The thing is the investors in the business are not required to visit the authority regarding the offshore company formation in UAE
Registered agent Dubai offshore- Duration
Shareholders are not required and the company formation duration is about 1 to 5 days
For an offshore company formation in UAE, business services are to the individuals and the companies. You will be getting the most well international standards of quality for the incorporation of your business in Dubai and UAE.
Required Documents are:
- A reference letter from bank
- A passport copy
- Resume from the shareholder (s)
- Address proof (any)
- Application and documentation
Other Requirements/Exceptions:
- Shareholders’ must be there during the process
- Number of directors required 2 is a must
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