Asset and wealth management company is getting more popular day by day. Dubai is filled with influential entrepreneurs and business people who hold investment property. JAFZA (Jebel Ali Free Zone Authority) is one of the largest free zones in the world, situated in Dubai.
JAFZA is the most preferred tax-haven jurisdiction picked by business investors to continue with offshore wealth management. The region has given overall investors adequate flexibility to come and set up their offshore business unit for a similar reason. Therefore opening an asset and wealth management company in JAFZA is beneficial since this type of company helps secure the assets. Read the guide to get an understanding of asset management and wealth company formation in JAFZA.
The Concept of Asset and Wealth Management
To lay it out, asset and wealth management deals with the securing process one must follow to assemble and update the general wealth situation. First, one should be clear regarding the current wealth, development, and investment objectives. Proceeding with this in a tax-haven jurisdiction makes a business owner grab more top-to-bottom transparency concerning the way that ought to be chosen.
With the extending demand for asset and wealth management, there has been an enormous climb in the asset and wealth management firms that intensify the client's financial circumstance.
Offshore jurisdictions are the tax-haven grounds that give tax exemption advantages to business owners. The mix of assets and wealth may include the following:
- Real estate property
- Cash streams
The Advantages of Asset and Wealth Management in JAFZA
An asset and wealth management company in JAFZA will be benefitted in the following ways:
- Increases the reputation of the company.
- The operational cost and primary investment are low.
- The company’s assets stay protected from the influence of a negative environment.
- Enhances the health of assets of the company.
- Improves the regulations of the company by protecting assets and wealth.
How to protect Assets and Wealth by Going Offshore?
JAFZA is one of the highest preferable jurisdictions for protecting assets and wealth by going offshore. The following process needs to be followed to open an asset and wealth management company in JAFZA:
- Contact any Business Expert: In the first step, consult with some business consultancies and try to understand the whole concept of asset and wealth management liabilities. Get complete details from an authorized business expert who can understand your business needs and give customized solutions per your business requirements. This is fundamental because, being a foreign investor, you won't have the option to deal with the legal demands, and having some help nearby would help you complete the cycle smoothly.
- Go ahead with the Company Registration Procedure: In the next stage, register the asset and wealth management company in JAFZA with the help of your business consultant. In this stage, you must finalize the company structure and proceed accordingly. Generally, an IBC is the most favored business unit by the investors, and to proceed with the equivalent, the documentation part needs to be cleared. Understanding the center basics is fundamental; hence, see Jebel Ali Free Zone Authority(JAFZA) before moving ahead.
- Opt for the Nominee Services: Appoint one nominee director for the JAFZA offshore company. This step is essential since it provides security to the owner. A nominee director will be the company's owner in the public eye.
- Open an Offshore Bank Account: In the last step, open an offshore bank account for an asset and wealth management company in JAFZA. The bank account can be opened during or after the company's formation in JAFZA. Learn more about the advantages of offshore banking.
How Can We Help?
Business Setup Worldwide can be your partner in your company formation procedure in JAFZA. We have years of experience in starting businesses around the world. Our business experts are very handy with their experience and the legislation of the UAE. We can also provide you with personalized solutions for our clients. Please feel free to contact us for any sort of assistance.