SKM International - Chartered Accountants based in Dubai are Authorized
Registered Agent for JAFZA Offshore Company formation /RAK offshore company,
UAE.
SKM International – Chartered Accountants
(Auditors & Business Consultants) is a professionally managed Auditing,
Management, financial and Accounting Consulting C.A. firm led by experienced
qualified professionals whose vision and passion is complemented by a team of
well qualified and dedicated professionals.
Offshore Company may be used as a Holding Company for a multitude of activities
which may include holding freehold properties in Dubai as approved by JAFZA, tax
mitigation, estate planning and asset protection. It is possible to hold Dubai
property and other assets in privacy through a Dubai offshore structure.
Further, on obtaining a ‘Certificate of Incorporation’, a bank account can be
opened to park excess liquidity. In fact, starting from January 2011, the land
department in Dubai (RERA) will register only those properties purchased through
an Offshore Entity which is registered with Jebel Ali Offshore Authority under
JAFZA only.
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Offshore Company set up services is for various needs such as:
 Opening a Bank
Account to park excess liquidity.
Setting up a
Branch or Representative Office in United Arab Emirates.
Purchasing real
estate (household properties);
Purchasing
Freehold properties in Dubai which are approved by JAFZA (Properties from
Developers like Emmar,
Nakheel, Dubai Properties, etc.).
Investment arm
to make equity investment in ventures & projects.
Holding Company
to hold investments in Shares.
To form a
Special Purpose Vehicle (SPV) for specific targeted sector like Real Estate
Investment or Information
Technology, etc.
Listing of
traded securities for business owned in Free Zone Companies.
To establish an
Offshore Bank Account in Dubai.
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The most significant
aspects of the Offshore Rules and Regulations and legislation in Jebel Ali
Offshore based in Dubai – United Arab Emirates are:
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A minimum of One Shareholder and Two
Directors are required:
Every Company shall have a secretary.
Every Company shall keep accounting records.
A minimum of one shareholder required.
Name of the Company must end with Limited.
Corporate shareholders are permitted.
The accounts of the Offshore Company shall be approved by the
Directors and signed by one of them.
Registration of the Company in the Offshore Zone will take place
after the necessary approval is obtained.
Restriction of activities: Certain business activity is
restricted like banking business, insurance and reinsurance,
insurance
broker/agent, consulting services, professional
services, management consultancy, etc.
The Offshore Company can be used as a General Trading Company.
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For Company Formation,
getting a quote for our professional services in forming an Offshore Company
with Jebel Ali Offshore Authority, contact
For more details contact:
Sushil Malhotra
Chartered Accountant, Certified Internal Auditor (USA)
Managing Partner
SKM International - Chartered Accountants
Auditors & Business Consultants
P O Box 183059, Dubai - United Arab Emirates.
Phone: + 971 50 58 51 327 (Mobile)
Phone: + 971 4 2340950 (Office) Fax: + 971 4 2340949 (Office)
Email: sushil@skminternational.com; skminternational@gmail.com
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