BUSINESS SETUP

Setting up an offshore company can seem like a daunting prospect – and that’s where we come in. We’ll guide you through the stages of company formation. We’re also happy to liaise with the necessary authorities and organisations on your behalf, to ensure the entire process is as smooth and seamless as possible. If you try to incorporate a word that suggests government involvement, chances are that your company name will be rejected. We have got in-depth knowledge of which words are acceptable and which aren’t, and can guide you towards an appropriate title for your business. You’ll also need to add the right suffix to establish the fact that you’re operating with limited liability.

1. Selecting the right jurisdiction. Most business-owners start at this point – identifying the right jurisdiction for their company. This will depend on a number of different factors, and we can offer support and advice throughout. Please see our section below for further details.
2. Choosing a name. Selecting a company name isn’t always as straightforward as you might think. For example, some countries won’t accept certain words in the title, such as ‘Bank’ or ‘Chartered’, and the words on the ‘forbidden’ list aren’t always obvious.
3. Gathering the correct documents. To form an offshore company, you’ll need to provide the relevant due diligence documents. These include:
   – A certified copy of your passport
   – An original utility bill, less than three months old showing your current residential address or depending on your location, tenancy contract
   – A copy of your Curriculum Vitae
   – Signed Company application form which we will send to you Certain Jurisdictions also require a Bank Reference Letter
4. Submitting an order form. At this point, you’ll be ready to submit your order form. This will cover a range of information, such as: details of the shares you’ll be issuing, the names of the company director or directors, the names of the shareholders, the company secretary (if you’re planning to have one), and what services you’ll require, such as virtual offices, banking etc.

The final part of the process is making a payment – and there are a variety of ways to do this. Our team will present you with the full range of options, on request.

When selecting the right jurisdiction, a number of factors should be considered. These include current political situations, specific compliance requirements, plus the laws and regulations of the country or state.

You’ll also need to take into account the following (among other things):

The nature of your business

Where you live

What assets you’ll be holding

• Ensuring compliance when forming your company
• Understanding the local regulations and laws Banking
• Communicating with the necessary organisations and services
• Company administration
• Annual renewal fees associated with formation

A branch office extends a business organization to the other parts of the world. Opening a branch office in Dubai is more convenient because they can make profits compared to liaison offices and can engage in commercial activities.

As branch office is not considered as a separate legal entity, so basically it provides complete ownership. A branch office in Dubai doesn’t require a 51% local Shareholder. Instead, you’re required to have a Local Service Agent. The service agent doesn’t have any right in the branch, however, they provide services like visa

To set up a branch office in Dubai, the following steps are performed:

• Appoint a local service agent (UAE national or company)
• Reserve a trading name by the Department of Economic Development
• Apply for initial approval from MOE
• Once the Ministry of Economy approves the application, apply for a license
• Select office Space
• Open a bank account
• Arrange a labor card and visas for employees
• Register as Dubai Chamber of Commerce and Industry
• Setup Dubai Business – Business made easy