Thursday, June 29, 2017

Time required for opening offshore company in Dubai UAE

Opening offshore bank account in Dubai takes in some banks a couple of days only means you can buy offshore company and get the bank account be opened in about 1 week in total.
Company name – name of the company must be initially verified with the Registrar. The company name must not include the following words: insurance, bank, building society, cooperative, fund, Municipal, Chamber of Commerce, trust, Royal, chartered, finance, mutual fund, Emirate and Emirates. At the end the company name shall have Ltd. or Incorporated. The company name shall ideally reflect the company activities whereby this is not strictly obligatory for offshore companies. In case you have your own company name suggestions we would check it with the registry for availability. If you need some suggestions on the company name, you can send us the short description on planned company activities and we would send you some suggestions on the company name for your review.
Shareholders and directors of the company can be physical persons as well as legal entities without any limitations on residency or citizenship.
Companies’ registry with the data on directors and shareholders is not public.
Memorandum and Articles are provided in English language which is very practical for international business.
Restrictions on offshore company UAE: offshore company cannot carry out any business activities on the territory of UAE except opening offshore bank account in Dubai and purchase of real estate. An offshore company, in distinction to an onshore company in Free Trade Zone, does not give the right to receive the residency visa in the UAE.
Main documents required for opening offshore company in Dubai, UAE.
  • Passport copies of shareholders and directors.
  • Bank recommendation / reference letter.
  • Confirmation on resident address of shareholder– utility bills, statement from account with residential address.
Our advisors will help you to open an offshore company UAE as well as to open Dubai bank accountfor it in a solid and reliable bank. On bank side – we have a large choice of banks in UAE as well as abroad with different requirements on the minimum balance, personal presence at the time of account opening, available banking services, etc.
In order to get the initial advice on opening offshore company in Dubai UAE as well as bank account opening in Dubai please send us your request.

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