Step-by-step guide to register an offshore company in Dubai
Expanding your business offshore is an excellent way of managing business as it offers tax-efficient strategies and high rate of returns. Some important prima facie benefits of an offshore company are confidentiality, freedom of operations and ease of running the business.
An economically dynamic city, Dubai has emerged as a global hub of commerce and one of the well-known jurisdiction in the world for incorporating offshore companies. The city offers a business friendly environment and state-of-art infrastructure. Starting a business in Dubai can translate to high profits and global customer reach.
We, at AON Management, are one of the best offshore consultancy service providers in Dubai. Our professionals work with you to get your company registered as an offshore company in Dubai and get your business running successfully.
Step 1: Decide upon a Company Name
Suggest three names for the company out of which one name will be finalized by the registration authorities.
The company name must not have the following words and must not deal with listed business activities – Insurance, Reinsurance and Banking. Also, the company name must end with “Ltd” only.
Step 2: Finalize the scope of activity
This may include trading, consultancy, investment in property or to act as a holding company. By default. each offshore company is General Trading firm.
Step 3: Decide the Capital
There is no limit on the capital that can be invested in the business in case of an offshore company.
Step 4: Finalize the shareholders, directors and secretary
A minimum of two directors and one shareholder are needed for commencement of an offshore company.
Step 5:Provide documents
The following documents are required for registration of an offshore company:
- 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 mandatory documents, the Application Set will also include a Memorandum of Association (MoA) and Share Certificates. These need to be duly signed by the directors, secretaries and shareholders.
Step 7: Submission of Application Set
All the documents compiled are then submitted for registration. The registration process generally takes 3 working days.
Once registered successfully, you will receive a Certificate of Incorporation, Memorandum of Association and Share Certificate. You can now officially engage in business dealings.
Step 8: Open a bank account
The following documents are required for opening a company bank account:
- Passport copy
- Original bank statements of last 6 months
- Bank forms
Our agent will get the bank form stamped and certified from the bank on your behalf.
Known for its quality services and a strong back up of highly qualified professionals, AON Management Consultancy is a one stop solutions provider for all your offshore business setup and related tasks. Contact us today and we will help you take your business to the next level.