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The Gulf has been a place where different kinds of businesses get maximum exposure. The popularity of gulf countries is rapidly increasing due to the same. Apart from exposure, the best thing these places provide is a straightforward approach to register and functioning of companies. Dubai is among the locus points that has soaring popularity for different sectors, whether it is related to or corporate engagement.
If you want to set your company on foreign grounds, then these are known as offshore companies. While setting up any offshore companies, the most important chore is to register them as per the norms of the desired country. The cheapest offshore company formation requires holistic knowledge of the registration process. If you are unaware of that, then this excerpt will provide some of the best tips that can help you credibly.
Tips to register
The following are the instructions while registering an offshore company in Dubai:
- Firstly you should decide on the company name. It is recommended to keep that name which is finalized by the registering authority.
- It is vital to keep the name with Ltd., Limited, LTD, or LIMITED also.
- It is recommended to specify the scope of activity for the firm.
- The registration process needs detailed information about the director, shareholders, and secretary as well.
- You should choose the amount of capital invested in the business while the company formation in Dubai took place.
- There are some of the documentation required at the time of registration such as authenticated Passport copy, Bank reference letter, Original proof of address, a brief resume of shareholders.
- Duly filled application form should be submitted with the documents as mentioned above attached.
The registration process wholly takes 3-4 days. After which one can get their offshore company registration details. After the registration, you should open the bank account. There is an additional step which is mandatory rough. Opening a bank account for the company is crucial. It needs the following documents:
- Bank form
- Passport copy
- Original bank statements of the last six months
- With these documents, you can easily open a bank account in the UAE.
The above information is credible and going to help you in the best possible ways. The hassles due to minimal knowledge about the norms of the offshore country can be minimized. However, there are different concerns related to the formation of a company apart from registration. This is only the first step that provides a crude start. Help yourself with these and form a company in Dubai.
