
A check that the documents are authentic carried out by a notary. Mandatory if you are opening an offshore bank account
If you have opted for a Nominee Director, a Power of Attorney may be appointed to take decisions on behalf of the company
The JAFZA offshore company setup cost typically starts from around USD 6,000, covering incorporation and mandatory registration documents.
Yes, JAFZA offshore companies must be renewed every year, which includes registered office, registered agent services, and compliance verification.
Yes, a JAFZA offshore company is permitted to open corporate bank accounts locally or internationally, subject to bank due diligence and KYC checks.
No, JAFZA offshore companies are not required to lease physical office space, but a registered office address within JAFZA is mandatory.
Yes, JAFZA offshore companies are allowed to own freehold property in designated areas of Dubai, subject to approvals from relevant authorities.
You may choose to open an offshore company and bank account in a jurisdiction of your choice. However, you have no obligation to select a bank from the abovementioned list and may opt for another bank of your choice. BSW is not proposing any banking services; we are proposing an introduction service that includes preparing the application form and business plan and submitting both files to the bank. Accepting the same is at the sole discretion of the bank authorities.
Bank account opening applications are subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, mainly to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.