If an offshore company wishes to demeanor trade or other business in the Zone or in another place United Arab Emirates, it must obtain the right license to conduct the trade or other business action from the competent authorities such as by forming FZE/FZC or limited Accountability Company in which the offshore company can be a saver. A director of an offshore company who has directly or indirectly, an interest in a transaction entered into or planned to be entered into by the offshore company or by a ancillary of the offshore company which to a material point conflicts or may conflict with the welfare of the offshore company and of which he is aware, shall reveal to the offshore company the nature and amount of his interest. This could be done for each deal or by way of general notice of expose of interest It shall not be lawful for an offshore company to make a advance to any director or to enter into any promise or provide any security in connection with a loan made to a director without the assent of members holding not less than 90 per cent in supposed value of the shares giving a right to attend and vote at any gathering of members.
Every offshore company shall in each year hold a universal meeting in addition to any other meetings in that year but so extended as an offshore Company Formation Dubai holds its first general conference within 18 months of its incorporation, it need not grip it in the year of its Offshore Company Formation or in the following year. If a meeting is called by shorter perceive it is deemed to have been duly called if it so settled by a majority in number of the members having a exact to attend and vote at the meeting, being a popular together holding not less than 95 per cent in nominal worth of the shares giving a right to attend and vote at the meeting.
Our Services:Intellectual Property|Outsourcing Services|Hospitality Services|Trade Services|Managed IT Services|Healthcare Services|Logistics Services|Financial Services|Accounting Services|Immigration Services
Every offshore company shall in each year hold a universal meeting in addition to any other meetings in that year but so extended as an offshore Company Formation Dubai holds its first general conference within 18 months of its incorporation, it need not grip it in the year of its Offshore Company Formation or in the following year. If a meeting is called by shorter perceive it is deemed to have been duly called if it so settled by a majority in number of the members having a exact to attend and vote at the meeting, being a popular together holding not less than 95 per cent in nominal worth of the shares giving a right to attend and vote at the meeting.
Our Services:Intellectual Property|Outsourcing Services|Hospitality Services|Trade Services|Managed IT Services|Healthcare Services|Logistics Services|Financial Services|Accounting Services|Immigration Services
