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Offshore Company in Fujairah - ChoiceUAE.com


Offshore Company - Fujairah

Offshore Company in Fujairah

Fujairah is one of the seven emirates that make up the United Arab Emirates, and the only one of the seven that has a coastline solely on the Gulf of Oman and none on the Persian Gulf.

Fujairah is also home to the oldest mosque in the United Arab Emirates which was built in 1446 of mud and bricks. Fujairah had a population of 125,698 at the last Census held in 2005. The latest estimate of population is 152,000. Fujairah's economy is based on local industry that consists of cement, stone crushing and mining.

Different from other emirates, Fujairah is situated on the coast of the Indian Ocean, Oman Bay, not on Persian Bay, two hours away from Dubai.. Special microclimate here is determined by the closeness of the ocean and mountains, a great cocktail of the sea and mountain breezes, making it perfect destination for lifestyle and Entertainment.

Fujairah provides as a cost effective option for starting an offshore company in UAE with lower set up charges and minimal maintenance costs. Further capital requirement is much lower here and the process is relatively paced and simpler.

In the recent past the government has initiated necessary steps to safeguard the interest of its investors (Both Local and Foreigner) from threats and criminal activities, further necessary measures has been chalked out for individuals and companies involved in overseas businesses making it one of the safest places to venture into.

Decreased Taxes – Decreased taxes is the primary reason to start a business here, the legal framework for acquiring the necessary approvals is a cake walk. Fujairah protects the overseas business houses and ensures a conflict-free atmosphere for the companies within its area of jurisdiction.


COMPANY INCORPORATION: THE PROCESS
Upon agreement of our proposal/quotation, an engagement agreement will be executed between the two parties, and the documents supplied for the shareholder(s), director(s) and secretary(s) will be verified to prepare the documents. The documents will be signed in the presence of the registrar. After company registration with the relevant jurisdiction, the shareholder(s) and Director(s) can then proceed to obtain a bank account internationally or locally.
The documents of corporate kit include:
1. Memorandum and Articles of Association [original]
2. Certificate of Incorporation
3. Company Stamp
4. Disbursements not including courier fee

 

JAFZA

RAKIA

RAKFTZ

Minimal Number of Directors

2

1

1

Corporate Shareholder

Allowed

Allowed

Allowed

Corporate Director(s)

Not Allowed

Allowed

Allowed

Nature of Shares

Registered

Registered

Registered

Minimum Capital (AED)

1,000.00/-

1,000.00/-

1,000.00/-

Time Scales (upon receipt of full documentation)

4-5 days

2-3 days

2-3 days

Legalization Process of POA & Corporate Documents

Legalization & Super-legalization mandatory

Apostle Sufficient

Apostle Sufficient

Shareholders physical presence

Required

Not Required

Required

Applicable law

UAE

UAE

Any country can be opted for

Own property in UAE

Only purchase Dubai Holdings, Emaar, Nakheel  and Dubai World properties

NA

NA

 



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