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Offshore Company in Sharjah - ChoiceUAE.com


Offshore Company - Sharjah

Offshore Company in Sharjah

Sharjah is one of the emirates of the United Arab Emirates (UAE). The emirate covers 2,600 km² and has a population of over 800,000 (2008). Sharjah means “Shark”, which is pronounced as “shardj”.
It is the only emirate to have coastlines on both the Arabian Gulf and the Gulf of Oman. UNESCO named Sharjah 'The Cultural capital of the Arab World' in 1998. The seventeen museums in Sharjah played a critical role in obtaining the award. The city is also notable for numerous Mosques.

Situated in the heart of the UAE Sharjah is influenced by the major giants of the UAE viz. Abu Dhabi and Dubai, it reflects the Business mood of Dubai with encouraging investment and real estate policy and infrastructure strength of the Abu Dhabi with its well built roads network and sky rocketing high-rises.

This translates into best of both emirates in both the establishment and running of a successful offshore company.

Over the last few years the economy is thriving and the states international trade policy (backs investors) ensured have made this place a valuable potion for business across international borders.

Minimising taxes and increasing confidentiality are not the only benefits of setting up an offshore company. Although tax effectiveness is the first and foremost benefit that comes to mind when considering offshore companies, the opportunity to considerably reduce business overheads is also a very attractive bonus.

Abridge Taxes – Abridge taxes and alleviated measures of business start-ups provide a balanced ecosystem for new capitalists and ventures. It further provides an assured platform to the start-ups and SME’s.

Sharjah ensures interests of its investors and makes sure there is no conflict what so ever within the country.

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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