Forming a company for offshore business can be a difficult process due to the different requirements that must be complied with. The process varies between offshore and onshore company formation. The paperwork involved is significant and if not done correctly, the result can be disastrous.
Hiring an Offshore Company Formation Agent
An offshore company formation agent will act as a representative for both the client and the company. This is so important when establishing an offshore business as there are several differences between the tax system. An agent will help ensure that all legal documentation and registrations are completed in line with the law. This includes all financial and banking requirements and passports at the same time.
Application for Business Visa
An important requirement of a mainland company formation in Dubai is an application for a business activities visa. An applicant must provide a copy of their passport to the designated agents as evidence that they are valid for citizens who can commence a business activity. It is important to note that a business activities visa cannot be issued to an individual who is not a permanent resident of the country. This is especially important for those who want to finance their business activities.
Providing Legal Documents
The second requirement of a mainland company formation is to provide the service agent with a copy of the necessary licenses required by the jurisdiction in which they are establishing their business. The licensing process varies depending on the business activities, the company is involved in and the location of the company is based in. Companies House will help guide you in determining the process needed to be completed for obtaining any type of licenses such as marketing goods and services, public offices and corporate gifts, designs and patches, testing and promotion, marketing of new chemical fertilizers and extenders.
A service agent may also obtain other licenses as part of your company registration in Ifza free zone. Companies House has prepared a set of technical documentation on the type of licenses most countries require for a business to operate legally. The document is titled A Guide to the Business Registration Requirements (GBR). This is one of the more general sets of instructions and requirements for a mainland company formation. However, the company activities office has established technical specifications that are in line with the regulations.