JAFZA - Jebel Ali Offshore Company Setup
JAFZA is the best option for individuals and businesses looking to register their companies in an international business zone, as it provides high levels of asset protection by protecting them against any possible liabilities or risk factors that may arise within its jurisdiction.
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Easy and simple procedure of incorporation
Transfer of shares and assets etc
No need to acquire office premises
There is no minimum capital requirement
Jebel Ali Offshore Company Formation
The Jebel Ali Freezone Authority (JAFZA) and Dubai Authorities introduced the Offshore Company in 2003 under the Jebel Ali Freezone Regulations. With the new guidelines, businesses can now establish offshore entities in JAFZA to maintain a great reputation with international economic authorities.
The recent decision of RERA Dubai has made the placement of offshore companies even more attractive for investors. JAFZA has signed an agreement with RERA Dubai to approve property registrations for offshore companies in the free economic zone. This will also apply to foreign-owned properties and other Emirates' offshoring businesses, which is sure to attract investors who are looking at increasing their bottom line by placing assets under such a structure.
Get a free consultationJebel Ali offshore company features
- To register an offshore company in JAFZA, at least one shareholder is required. Corporate shareholders must provide the attested documents to form a new business.
- At least two directors are required without a provision for corporate directors. However, JAFZA offshore company directors’ details are not availed to the public.
- A company secretary is required where the company director can assume the role.
- Company accounting records must be reconciled and reported annually. Moreover, offshore companies must maintain proper 10 years accounting records from its inception date.
- JAFZA offshore company formations are entitled to one director visa should they rent office space within the free zone.
- Business entities are allowed to own and operate bank accounts in the UAE jurisdiction. The accounts can be multi-currency to facilitate international business trades and transactions.
- Company shareholders must sign offshore company incorporation documents in the presence of an Ajman free zone representative.
- Foreign investors benefit from the 100% assets and capital repatriation without capital movement or foreign exchange limits within and outside the UAE region.
- Jebel Ali company registrar has the mandate to appoint inspectors and order offshore company investigations at any time where company investors may be liable to pay the incurred inspection charges.
Documents Required for Registration of JAFZA Offshore
Individual Applicant
- 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
- Certificate of Incorporation of the company
- Memorandum and Articles of Association of the parent company
- Board Resolution stating that the company is going to setup offshore company in
- Dubai with a power of attorney authorizing individuals to sign on behalf of the company to setup offshore company
- Certificate of good standing of the company
