Characteristics of Dubai(JAFZA) Offshore Company
JAFZA stands for Jebel Ali Free Zone Authority, a free zone in Dubai and one of the UAE's largest and most successful free zones. JAFZA Offshore is a popular offshore company formation option in Dubai, United Arab Emirates (UAE).
It's important to note that JAFZA Offshore company formation is not allowed to conduct business within the UAE, but they can conduct business internationally. In addition, JAFZA Offshore company offers several benefits, including 100% foreign ownership, zero corporate tax, no personal income tax, and no currency restrictions.
Company Type |
Multiple Shareholder Company, Single Shareholder Company, Branch of an Existing Company |
---|---|
Confidentiality |
A high amount of anonymity and privacy |
Suffix to the Company Name |
Limited |
Types of Business Licenses Issued |
Industrial License Service License National Industrial License Innovation License Trading License E-Commerce License |
Foreign Ownership |
Complete 100% ownership |
Possibility of Migration |
Yes |
Tax Rate |
Nil |
Currency |
AED |
Permission of Bearer Shares |
No |
Availability of Shelf Companies |
No |
Availability of Registered Office |
Yes |
Redomiciliation from another jurisdiction to Dubai(JAFZA) |
Yes |
Nil or Low Corporate Tax
Business confidentiality
Minimum Reporting
World-class Banking Infrastructure
Free Re-domiciliation
Consultants
Custody of Real Estate
General Trading Company
Professional Services
Holding Firm
Trading
Commission Agencies
International Investments
Duly Fill Company Registration Application
Upload the Essential Documents
Signing of the Documents
Additional Services such as Bank account
Company Dispatch Kit
Documents Required to Register Offshore Company in Dubai(JAFZA)**
- Passport copy of the director(s) and shareholder(s)
- Utility bill (telephone/mobile/water/electricity) or bank reference letter (issued within 3 months from today)
- CV of the director(s) and shareholder(s)
Offshore Banking Partners
Services
FAQs
1. Is it possible to convert an Offshore Company to a Free zone Company?
Yes, Dubai(JAFZA) provides the flexibility to the business investors to convert an offshore company to a free zone company.
2. What is the minimum number of directors required to start an offshore company in Dubai(JAFZA)?
Dubai(JAFZA) Offshore company can be incorporated with the presence of minimum one director.
3. What is the minimum number of shareholders required to start an offshore company in Dubai(JAFZA)?
Dubai(JAFZA) Offshore company can be incorporated with the presence of minimum of two shareholders.
4. Is it required to hold a Company Secretary for an Offshore Company?
Yes, an offshore company in Dubai(JAFZA) must hold a company secretary.
5. What are the restricted business activities in Dubai(JAFZA)?
The list of the restricted business activities in Dubai(JAFZA) includes:
• Carrying out direct commercial activity in the UAE
• Banking business
• Insurance or re-insurance activities
• Broker business
• Any other business activity prohibited by the Authority