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Jebel Ali Free Zone (JAFZA) stands out as one of the most sought-after destinations for offshore company formation in the UAE. Renowned for its investor-friendly policies, the region offers excellent opportunities for business establishment. Bizvise Business Setup specializes in facilitating JAFZA offshore company formation, providing expert guidance at every stage of development.

In Jebel Ali Free Zone, company formation regulations are crafted to ensure flexibility and convenience for investors from around the world. To promote corporate property ownership among business entities and investors, the Dubai Lands Department has established designated freehold areas within the JAFZA region. Notably, JAFZA is the sole free zone where investors are permitted to own property within these designated areas.

It’s important to note that the cost of setting up an offshore JAFZA company may vary slightly depending on the registered agent chosen.

Estimated Cost: Starting from USD 3,000

Setting up an offshore company offers numerous benefits, including:

Here are the benefits of setting up an offshore company:

– Confidentiality is maintained; there is no public record of shareholders or directors.
– A registered office address is provided through an Authorized Agent nominated by the offshore jurisdiction.
– 100% foreign ownership is permitted; an Emirati partner is not required.
– The company enjoys 100% ownership.
– 0% Corporation tax, VAT, and Income Tax.
– Personal income tax exemption.
– 100% transfer of profits and capital.
– Possibility of opening bank accounts in the UAE.
– No requirement for residence visas.
– No auditing is necessary.
– No foreign currency restrictions.
– Not required to rent an office space.
– Privacy of directors and shareholders is maintained.
– Firms benefit from double taxation treaties between the UAE and trade partners

Types of Companies that Can Be Set Up:

  • Various Types of Companies Can Be Set Up, Including:

    – Holding intellectual property
    – Holding shares in international, local, or free zone companies
    – Investment company
    – Trading activities outside the UAE
    – Commission agents
    – Owning properties
    – General trading company
    – Advisory and consultancy services
    – International service sector
    – Professional services sector
    – Shipping companies

Key Features of JAFZA Offshore Companies

  • Distinctive Features of JAFZA Offshore Companies:

    – No minimum capital requirement
    – 100% Foreign Ownership
    – No obligation to deposit capital in the bank
    – Simplified process for opening a corporate bank account
    – Regulatory regime offering total exemption from taxes and duties
    – Businesses permitted to own and operate bank accounts within the UAE jurisdiction

Regulations Governing JAFZA Offshore Companies

  • Key Regulations for JAFZA Offshore Companies:

    1. Minimum of two Directors required. Additionally, the company must appoint a Secretary, who may also serve as a Director and must be a UAE resident.

    2. Corporate shareholders permitted, with a minimum of one shareholder required. Shareholders must submit attested company formation documents to the authorities.

    3. All shares must be fully paid upon allocation. Bearer shares and differential classes of shares are not allowed.

    4. Offshore company owners are permitted to own or hold an interest in properties.

    5. Accounting records must be maintained from the company’s inception, with annual reconciliation and reporting requirements.

    6. Appointment of a registered agent is mandatory, selected from the approved list maintained by JAFZA/Dubai.

    7. The Offshore domicile is situated within the Jebel Ali Free Zone (JAFZA).

Allowed Business Activities

  • Permissible Business Activities for Jebel Ali Offshore Companies:

    Jebel Ali offshore companies are authorized to engage in commercial activities outside the UAE jurisdiction. However, they are legally prohibited from conducting commercial activities with business entities or individuals within the UAE jurisdiction.

    Despite this restriction, investors of these companies are permitted to own freehold properties in specific locations in Dubai.

Documents Required for JAFZA Offshore Company Registration

  • The company formation documents must include:

    1. Articles of Association
    2. Memorandum of Association
    3. Proof of residency of investors
    4. Investors’ personal profiles
    5. Passport copies
    6. Bank reference

Individual's Know Your Customer (KYC) Documents

  • Required Individual Documents:

    1. Original Passport (client can also provide an original notarized copy of the passport)
    2. UAE Visa Copy, if applicable
    3. UAE Entry Stamp, if applicable
    4. No Objection Certificate (N.O.C.) from UAE Sponsor, if applicable
    5. Address Proof (original recent utility bill for residence)
    6. CV/Profile
    7. Bank Reference letter (original)
    8. Duly filled FATCA Form

Corporate Shareholder's Know Your Customer (KYC)

  • Required Corporate Shareholder’s Documentation:

    1. Certificate of Incorporation
    2. Memorandum / Articles of Association
    3. Power of Attorney
    4. Certificate of Incumbency
    5. Certificate of Good Standing
    6. Board Resolution

    Before the company incorporation, all shareholders (or authorized attorneys) are required to personally visit and sign in the presence of the JAFZA Offshore Authority. Alternatively, they can issue a Power of Attorney (POA) duly attested by the UAE consulate in their resident country and thereafter attested by the Ministry of Foreign Affairs, UAE.

    Jebel Ali Free Zone is a renowned international business destination and hub for business operations. It offers state-of-the-art infrastructure, an excellent business ambiance, and strategic locations for trading activities. With investor-friendly policies and regulations, it has become the ideal choice for setting up a business.

    Our expertise in business consulting allows us to understand our clients’ specific needs and provide them with the best company incorporation solutions. Bizvise can efficiently handle all legal and documentation formalities, providing end-to-end setup services.

    Contact us for your JAFZA offshore company formation requirements; our team will be delighted to assist you!

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