Reasonable offshore company Setup in Dubai Shuraa Business Setup
What is the set-up process of a reasonable offshore company in Dubai?
Offshore company formation in Dubai is certainly one of the best means to commence your global business. Having said that, a reasonable offshore company set up in Dubai requires a lot of planning along with certain mandatory legalities which needs to be fulfilled. So, if you are interested in establishing your company in offshore zone then you need to follow the necessary legal framework as skipping any of the legality or incomplete documentation can lead to hefty fines or even closure of your company.
Setup Process for an offshore company in Dubai Create a business plan
Getting your company registered
Deciding the type of business activity
Requirement of a registered agent
Decide upon the legal structure of your company
Opening a bank account
Create a business plan First thing that you are required is to create a suitable and comprehensive business plan. For this, you need to research in detail about the profitability and viability of the business that you intend to begin.
Deciding the type of business activity You need to decide upon the type of business activity you intend to undertake. As only after deciding upon this, you can apply for the registration of your company.
Decide upon the legal structure of your company Next step is to decide on the right type of legal business structure for your company which will be based on your business activity to some extent.
Opening a bank account You are also required to open an account in corporate bank or banks.
Requirement of a registered agent
An offshore company in Dubai is required to have a local registered agent or local mediator which should be approved by UAE Offshore authorities. The agent will provide necessary assistance in your business set up and also during renewal of your license, besides authorizing every governmental process.
Getting your company registered Notably, Jebel Ali Free Zone (Jafza) is the authority responsible for offshore company registration in Dubai, nonetheless you can also get registration of your offshore company in Ras Al Khaimah.
Main types of legal entities from which you can select depending upon your requirement: • Sole proprietorship • Limited liability company (LLC) • Limited Liability Partnership (LLP) • Joint venture company (JVC) • Public and private joint stock company
Documents required for registration of offshore company in Dubai by Individual shareholder • At least 3-5 proposed names for the company • Copy of passport of every shareholder, director & manager • Recent UAE Entry Stamp Page Copy • Curriculum Vitae (CV) of each shareholder stating the business experience • Residential address proof in the form of a utility bill • Reference letter from a Bank • Proposed activities of the offshore company
Documents required for registration of offshore company in Dubai by Corporate Shareholders • Attested copy of incorporation certificate of company • Attested Memorandum of Association (MoA) of the parent company • Latest good standing certificate • Attested Shareholder’s resolution • Documents on corporate shareholder directors such as address proof • Attested copy of passports of the directors, shareholders and manager • Reference letter from a bank • Copy of Bank statement • Certified copy of passport of the representative of offshore company • Attested incumbency certificate • Any other additional documents as requested by the Registrar • Detail about the final beneficiaries of the offshore company (this in case • when the company is again owned by another company)
• Offshore company incorporation fee (one-time) • Standard share capital (one-time) • Cost of registering your offshore business (one-time) • Charges for opening a bank account (one-time) • Nominee services (one-time) • Offshore business maintenance fee (yearly) • Local agent fee (yearly) • Offshore company renewal cost (yearly) • Other additional expenses such as administrative costs (one-time) • Government filing fee
DUBAI OFFSHORE COMPANY COST
Start your dream offshore company in Dubai without any hassle! Undeniably, the offshore company setup in Dubai is one of the most economical and easiest way to have a global business. So, if you are interested in incorporating a reasonable offshore company in Dubai, then look no further and contact Shuraa! Having years of experience and being a trusted name in the market, we will offer assistance in every phase of setting up your dream offshore company in Dubai and that too without you facing any kind of botheration. Our team of experts will make sure that all legally relevant steps are adhered to and your company gets registered quickly, thereby making the entire process easy for you. To learn more about offshore company set up and the detail of costs involved, get in touch with Shuraa today.