JAFZA Offshore Company

In 2003, setting up of offshore companies in Jebel Ali Free Zone in Dubai was introduced, under the Jebel Ali Free Zone Offshore Companies regulations. This allows non-resident companies to have a corporate legal entity without hassle in Dubai.

Prerequisites

A JAFZA offshore company has the following features:

  • At least 1 shareholder is required to incorporate it
  • At least 2 directors (who are not corporate directors) are required
  • It must have a secretary, who may also be a director of the company
  • There is no minimum share capital requirements

Advantages of JAFZA Offshore Company Formation

A JAFZA offshore company is a convenient way of setting up an offshore company, and carries with it the following benefits:

  • Provision of 100% foreign ownership
  • No restriction on the repatriation of capital or profits
  • No corporate or personal tax
  • No prerequisite of a minimum share capital
  • Most properties in Dubai, with the approval of the Free Zone and the developer, can be owned by a JAFZA offshore company
  • Provision to hold a multi-currency bank account in the UAE for international transactions
  • No obligation of sharing the names of directors and shareholders on a pubic register

How to Register a JAFZA Offshore Company

To register a JAFZA offshore company, the following steps may be followed:

  • Get in touch with a JAFZA authorized agent for the registration
  • Procure a name for the company – three names are to be submitted, out of which one is finalized by the authorities
  • Determine the nature of business activities of the company – trade, consulting, investment or a holding company
  • Determine its share capital
  • Decide upon the shareholders, directors (minimum 2) and a secretary
  • Submit the required documents

The documents required to register a JAFZA offshore company are:

  • Passport copies of the directors and shareholders
  • Address proofs of the directors and shareholders [in case utility bills are given for the same, they shouldn’t be over 3 months old]
  • CV of the shareholder stating educational and professional background
  • Bank reference letter

The memorandum, fee, share certificates and application forms, signed by the shareholders, directors and secretary, are submitted in the presence of the shareholders. If the Registrar is okay with everything, the company is registered in 3 days.

Why Us?

Business Setup Worldwide helps small, medium and large enterprises concretize their business. For a JAFZA offshore company, we can support you in incorporation from start to end. Out team of experts works to ensure that your assets are safe and your company reaps the full benefits of capital repatriation and tax exemption. We not only provide strategic business inputs on company formation but also handle legal and documentation formalities. For any help or advice on business setup for a JAFZA offshore company, do contact us; we’d be glad to help you out.

Business Advisor

Daria Lantceva

Office 2307

10th floor

Rashid Tower

Trade Centre 2

P.O. Box 293816

Dubai

United Arab Emirates

 

Phone: +971 4 3867444

Mob: +971-52-4829865

Fax: +971 4 3867474

Email: info@businesssetup.com

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