QUICK LOOK INTO OFFSHORE COMPANY FORMATION

Most of the entrepreneurs settle on incorporating an Offshore type of company because of its simplicity and cost effectiveness. An offshore company, which can also be referred to as "International Business Company (IBC)", does not require the physical presence of shareholders during its incorporation. There will be no public record of the shareholder's and director's identity; and there will be no requirement to maintain records and books.

SINO MIDDLEEAST COMMITMENT

Sino Middleeast is committed to be of service, every step of the way. From identifying the most suitable business solution to your requirement, to completing the entire incorporation process. We commit to be your aid in ensuring that your business is up-to-date. Our team will be here to help you in all post-registration requirement of your company, e.g. amendments, document attestations, and in any other pertinent requirement.



QUICK LOOK INTO OFFSHORE COMPANY FORMATION

Most of the entrepreneurs settle on incorporating an Offshore type of company because of its simplicity and cost effectiveness. An offshore company, which can also be referred to as “International Business Company (IBC)", does not require the physical presence of shareholders during its incorporation. There will be no public record of the shareholder's and director's identity; and there will be no requirement to maintain records and books.


One appropriate reason for incorporating an Offshore company is its ability to act as an intermediary or a holding company for private wealth or business interests.

An Offshore company can be incorporated in one day, subject to submission of the following documents:



For an Individual Applicant

For a Corporate Applicant

Clear valid passport copy

Certified True Copy of License

Most recent proof of residential address (not more than three months)

Certified True Copy of Certificate of Incorporation

Most recent bank reference letter (not more than three months), certifying the existence of his/her personal bank account

Certified True Copy of Memorandum and Articles of Association (MOA)

Most recent Curriculum Vitae

Updated and original or Certified True Copy of Incumbency Certificate

Important Note:

  • All documents must be in English or with accompanying English translation

For offshore company, an updated and original Certificate of Good Standing

Original Shareholder's Resolution deciding to open an offshore company. The resolution must indicate the name of the person, authorized to sign the documents for the formation of the company. If the authorized person is not the shareholder or director of the corporate applicant, the resolution must be accompanied with a notarized Power of Attorney.

Clear valid passport copy of the shareholders and directors

Important Note:

  • All documents must be in English or must have an accompanying English translation
  • All documents must be attested by the Ministry of foreign Affairs and UAE Embassy in the country of origin
  • If the corporate applicant is owned by another corporate entity, same set of the aforementioned documents will be required, until the ultimate individual shareholders are identified




OFFSHORE AND ONSHORE INCORPORATION

Both Offshore and Onshore incorporation undergo pre-approval process. During the pre-approval stage, the government will require the name of the proposed company, the purpose or object of the proposed company and the structure of the company.

The actual incorporation process will initiate upon approval of the company name and activity.

Upon completion of incorporation, the company will receive the following corporate documents:



Offshore

Onshore

Certificate of Incorporation

Certificate of Incorporation

Memorandum and Articles of Association

Trade License

Memorandum and Articles of Association



Other relevant documents which can be obtained upon request are as follows:


info@smec.ae

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