Offshore companies are gaining trend. This is because business structure of an offshore company is ideally suited for everyone. There are many reasons for the popularity of offshore companies including:
- Quick and easy incorporation.
- Easily formed with limited budget.
- Offer bureaucratic freedom.
Besides all these advantages, the owner of the offshore company can keep all the administrative burden at bay and enjoy the profits. However, registering the offshore company is required to start its operations. But whether you want to register offshore company in Dubai, or in any other country, you must keep a few things in mind. These include:
- Corporate Bank Account
You require a corporate bank account in the country where you want to set up your offshore company. The account will be opened under the registered name of your business. This account will be used for all business transactions and also to hold the share capital of all businesses.
- Registered Address
Any operating business entity need to have a registered address (a physical location and not just a PO Box number) as it is required by corporate law in almost every country. All documents regarding the company’s registration including legal correspondence, notices, etc are sent to this address.
- Unique Name
Your offshore company must have a unique name. this is because most of the countries have an official register maintained online. Therefore using a duplicate name which is already on the list will not be possible and registration will not be possible.