DUBAI - JEBEL ALI FREE ZONE

WHY  OFFSHORE IN DUBAI?

We provide offshore services in Dubai because it is by far the most confidential and secure offshore location today. Many of our clients have moved their interests to Dubai from other jurisdictions because they were concerned by new legislation in those places, which seriously eroded their confidentiality and security.

Dubai represents a unique opportunity in the offshore world today. It has a number of key advantages over other locations which, when combined, provide clients with the most confidential and secure offshore solution available anywhere.

It has a state of the art banking sector to service its wealthy indigenous, expatriate and offshore clientele. Dubai provides banking privacy, which is better than Switzerland, and a lifestyle which is better than Monte Carlo and it has become the new playground of the rich and famous. Property developments  of staggering proportions such as The Palm, two man made islands, which will house 80 hotels and several thousand residential units, have made Dubai The location for high net worth individuals to live and work and for ALL individuals to locate their offshore assets.

Most importantly, there are no taxes of any kind on onshore or offshore activities!
It is not a "tax haven" but a country with no taxes!

Dubai's key offshore benefits are;

•   no taxes of any sort and no tax department
•   no filing of accounts
•   no taxation information exchange agreements with other countries
•   no public records of directors and shareholders
•   highly flexible and confidential banking system geared to the requirements of high net worth international investors
•   strong legislation which protects the confidentiality of investors

In summary, Dubai represents the offshore solution for the 21 Century!

OFFSHORE COMPANY FORMATION IN DUBAI

The legislation which governs Dubai Offshore Companies (DOC's)  was enacted in Jebel Ali Free Zone in Dubai in May 2003. It provides for a secure environment for investors without  the levels of unnecessary intrusion and bureaucracy found in other offshore jurisdictions.

The most significant aspects of the legislation are;

Taxation. DOC's pay no taxes on profits, capital gains or anything else in Dubai

Shareholders. DOC's must have a minimum of one shareholder. No public register of such shareholders exists, however the registered agent (see below) must retain a shareholders register at the registered office.

Directors. A minimum of two directors are required and they cannot be bodies corporate. One of the directors can also be the secretary. A register of directors must be held at the registered office but it is not a matter of public record.

Annual Reporting. No annual report or accounts need be filled. Accounts must be audited and accounts must be distributed to shareholders (but NOT filed). DOC's may retain their accounting records wherever the directors deem appropriate.

Restriction on Name and Activity. Names must end with "Limited." The following words and their associated activities are prohibited; Banking, Insurance and Re-insurance

Local Requirements. A DOC must maintain a local registered agent approved by the local authorities and a local registered office which the registered agent provides

Minimum Capital. A DOC can select its own minimum capital. We recommend US $100 in US $1 shares.

Class of shares. Only one class of share is permitted.

Company status. All companies incorporated will be formed as a "LTD" Limited Company

For more information please contact us: info@growthstock.net

HOW TO OPEN AN OFFSHORE COMPANY?

The following is what is required to open an Offshore Company.

• Application form to be completed correctly. Download from Web site (Sample attached).
• Memorandum of Association & Articles of Association to be completed correctly. Download from Web site (Sample attached). Please note that there should be a minimum of one director of the company.
• Submit short Curriculum Vitae or Resume
• Passport copy of Directors. Signed and notarized by a Bank, Lawyer or Embassy.
• Each Shareholder / Director should produce a recent bank reference.
• Please Fill in K.Y.C. Form
• Client registration information

Application 
Memorandum of Association
K.Y.C. Form
C.V. blank
Bank reference sample
Client registration information

FEES AND TIME SCALE

We provide the most confidential and the most comprehensive solution available in the offshore world. Unlike other offshore providers we do not set an apparently low fee structure where everything you really need is an extra.

Dubai offshore company formation US $14,500.00 /our CEO will fly to Dubai and supervise incorporation process personally/
POA US $1500.00

This includes;

    a) All JAFZA fees
    b) Provision of registered agent
    c) Provision of registered office
    d) Provision of fax and mail receiving facilities

Annual renewal fee is: US $5,700.00

Optional items;

1. Company or personal bank account  US $1500.00
2. Opening of Credit Card facility: US $1500.00

How to open bank account with HSBC Dubai

How to open bank account with Dubai Bank

Time scale

Incorporation can be achieved in 11 to 13 days from receipt of funds but documents may take 7 days to arrive from Dubai.

IMPORTANT NOTES

We reserve the right to change fees without notice.
The payment options are: wire transfer

Copyright Asset Protection s.r.o. © 2007, All rights reserved.
Asset Protection s.r.o. is not a law firm and does not provide legal advices or legal services. We recommended to consult licensed professionals with regards to local tax and legal matters.