JAFZA OFFSHORE COMPANY SETUP

The offshore company setup in JAFZA provides businesses with an excellent opportunity for company setup in JAFZA. Established in 1985 by the Government of Dubai, the Jebel Ali Free Zone (JAFZA) offers a conducive environment for businesses looking to establish a company in Jebel Ali.

The offshore company setup in JAFZA is governed by the JAFZA Offshore Company Regulations 2003, which outline the guidelines and procedures for incorporating an offshore company in Dubai. These regulations allow individuals and establishments to initiate the process of company setup in JAFZA, taking advantage of the free zone's world-class infrastructure and strategic location.

The JAFZA offshore company formation process allows individuals and establishments to establish a non-resident company with a corporate legal structure in Jebel Ali Free Zone, Dubai, UAE. Governed by the JAFZA Offshore Company Regulation 2003, this framework permits the incorporation of an offshore company, providing a streamlined process for businesses to set up their operations within the free zone.

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Benefits of JAFZA Offshore Company Setup

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• No need to acquire office premises

• JAFZA offshore company registration provides high level of asset protection

• Zero percent tax environment

• Allows 100% foreign ownership

• Minimum operational cost in JAFZA offshore company

• JAFZA offshore company formation has no limit on flow of capital

• Easy and simple procedure of incorporation

• Opportunity to invest in properties worldwide

• Transfer of shares and assets etc

• There is no minimum capital requirement

• Buying Freehold properties in Dubai which are approved by JAFZA (Properties from Developers like Dubai Properties Nakheel, Emmar etc.)

• Through JAFZA offshore company, one can open and operate Bank accounts in Dubai (local or international bank in Dubai) on the name of the company

 

Types of JAFZA Offshore Company Formation

 

Following types of JAFZA offshore companies can be established

• JAFZA Offshore company as General Trading

• Offshore company as Investments or Joint Investments Company

• JAFZA offshore company as Shipping or Ship Management Company

• Dubai Offshore company as Holding Company

• Register offshore company for Copyright or Patent Company

• JAFZA offshore company for buying Property in Dubai

 

Documents Required for Registration of JAFZA Offshore

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Individual Applicant

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• A Personal profile (CV) of the shareholder (s)

• Bank Reference shareholder(s)

• Passport Copy of the shareholders

• Visa Copy or UAE Entry Stamp page copy

• Proof of Residence (copy of utility bill)

 

Corporate Shareholders

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• Certificate of Incorporation of the company

• Memorandum and Articles of Association of the parent company

• Board Resolution stating that the company is going to set up an offshore company in Dubai with a power of attorney authorizing individual to sign on behalf of the company to setup an offshore company

• Certificate of good standing of the company

NOTE: All documents must to notarized and attested from UAE Embassy of the home country and from ministry of foreign affairs in Dubai. RIZ & MONA CONSULTANCY can assist you for the attestation.

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Other Requirements of JAFZA Offshore

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• There must be one shareholder minimum

• Both corporate shareholders and individual shareholders are permitted

• The structure of the share capital of the offshore company will be decided by the shareholder(s)

• No bearer shares are allowed

• Different classes of shares are not permitted and shares have to be fully funded when assigned

• A minimum of two (2) directors are required to be appointed

• A Corporate director is not allowed and a commercial entity is not allowed to act as a director

• A secretary must be appointed who can also be one of the directors of the offshore company

• Offshore company in JAFZA cannot do any business with any resident of the United Arab Emirates

• JAFZA offshore company cannot hold any real estate property located in the United Arab Emirates, excluding free hold properties which have been approved by the Authority

• No one can carry on business as an insurance, insurance agent or insurance broker

• You cannot do banking business

• An offshore company formation requires a registered agent after approval of the Authority

• This is the responsibility of the offshore company to notify the Registrar if any change in the name of register agent or in the address is made

• A general meeting of the offshore company is mandatory at least once in a year