Setting up an offshore company in Dubai involves establishing a legal entity outside the jurisdiction where the business activities primarily take place. In the context of Dubai, offshore companies are typically set up in one of the designated free zones known as offshore jurisdictions. Here’s a general guide to the process:

1. Choose the Offshore Jurisdiction:
Dubai offers several offshore jurisdictions, such as Jebel Ali Free Zone (JAFZA) Offshore, Ras Al Khaimah (RAK) International Corporate Centre (RAK ICC), and others.

2. Select a Registered Agent:
Matrix Global Consultancy is authorized to register itself as a registered agent. The registered agent facilitates the company registration process and acts as a liaison between your company and the offshore authority.

3. Determine Business Activities:
Clearly define the activities your offshore company will engage in, as this will influence the type of license you need.

4. Choose a Company Name:
Choose a unique and compliant name for your offshore company. The chosen name should meet the naming conventions specified by the offshore jurisdiction.

5. Prepare and Submit Documentation:
Provide the required documentation to the registered agent, including passport copies of shareholders, directors, and other relevant parties, along with proof of address and a business plan.

6. Memorandum of Association (MOA) and Articles of Association (AOA):
Matrix Global will Draft and submit the MOA and AOA to outline the company’s structure, activities, and governance.

7. Initial Approval:
Obtain initial approval from the offshore authority. This may involve a review of your documentation and business plan.

8. Legal Documentation:
Finalize legal documents, including the MOA, AOA, and any other agreements. Notarize these documents as required by the offshore jurisdiction.

9. Payment of Fees:
Pay the required registration and license fees to the offshore authority.

10. License Issuance:
Once all requirements are met and fees are paid, the offshore authority will issue the business license and relevant certificates.

11. Corporate Bank Account:
Open a corporate bank account for your offshore company. Many offshore jurisdictions have specific banks with which they have partnerships to facilitate this process.

12. Compliance and Reporting:
Understand the compliance requirements of the chosen offshore jurisdiction. While offshore companies often have fewer reporting obligations than onshore entities, it’s crucial to stay informed about any requirements related to financial statements, audits, and other regulatory obligations.

13. Start Operations:
With the business license, certificates, and bank account in place, you can commence your business operations. Keep in mind that offshore companies are generally not allowed to conduct business within the UAE but can engage in international activities.

Matrix Global Consultancy ensure a smooth and compliant registration process. Additionally, staying informed about any changes in regulations and compliance requirements is crucial for ongoing operations.