UAE is an amazing destination for business setup—agrees with every person who dreams about starting their own company. Particularly, Dubai being the hub offers several opportunities in the business spectrum and has one for everybody.
Offshore company incorporation in Dubai, one of the fastest-growing investment hubs in the United Arab Emirates, is a dream come true for foreign investors due to its uniqueness, overseas status, tax exemptions, liberal government laws and policies, and political and economic stability of the jurisdiction.
JAFZA(Jebel Ali Free Zone) Offshore Company Setup
In 2003, the Jebel Ali Free Zone Authority (JAFZA) introduced the establishment of offshore companies in the Jebel Ali Free Zone in the Emirate of Dubai under the Jebel Ali Free Zone Offshore Companies Regulations.
This permitted the international business community to launch offshore entities in Dubai and Jebel Ali Offshore, per international offshore regulations.
These jurisdictions were outlined to allow efficiency and ease in global offshore locations and enable non-resident companies to have a corporate legal entity of high repute with international financial authorities.
Activities permitted in Dubai for Offshore Company Formation in JAFZA(Jebel Ali Free Zone)
Whether offshore, freezone, or mainland, Dubai has built an empire that allows all workspaces to explore and flourish. They allow several activities, and the best part is everything is properly regulated, flawless, and inclusive to benefit all the stakeholders. Setting up an offshore business in JAFZA is also comparatively cheap. No wonder why Dubai is considered an ideal business space. Talking about offshore, the emirate permits a variety of activities, and they are.
- Holding Company – You can use your offshore company as a holding company to effectively handle your businesses
- Owning a Property – Through your offshore company, you can own properties.
- International Trading – You can carry out trading activities with your offshore company in JAFZA
- Professional Services – With your offshore company situated in an offshore location, you can carry out professional services internationally.
- Intellectual Property Rights – Through your offshore company, under its name, you can register trademarks, patents, and copyrights and buy and sell copyrights.
Documents required for JAFZA(Jebel Ali Free Zone) Offshore Business Setup
To do business in Jebel Ali offshore, complete an application form and submit the essential documents below.
- Article Of Association and Memorandum of Association
- Shareholders passport copied
- Curriculum Vitae of the Shareholders
- Address proof
- A reference letter or a bank statement of the previous six months (if required
- Company name suggestions (any 3)
- Mention of chosen business activity
Dubai Offshore Company Formation – JAFZA(Jebel Ali Free Zone)
The benefits of the JAFZA offshore company setup are many, including the easy setup process. The process of JAFZA company setup is easier once the documents are all perfectly ready. With the below steps in place, setup is more seamless.
Choose a Name
Once you know the business activity you will carry out, choose a suitable name and ensure you follow the naming regulations.
Submit Relevant Documents
Once all the documents are prepared, sign them and submit them for license approval and further proceedings
Memorandum of Association and Article of Association
Present both MOA and AOA in the English language. The paperwork is then examined by the authority, and based on its integrity; it gets approved.
Once all the above steps are done, open your bank account offshore for seamless business transactions.
The time required to start a Dubai offshore company is 6-7 working days (approx.) on completion of documentation. Keep in mind the prerequisites to make the process smoother.
Commitbiz is a registered company facilitating offshore companies set up in Dubai jurisdiction for global entrepreneurs. We study our client's business requirements and suggest a perfect path to proceed with their business setup journey, ensuring it is ideal for their international business needs.
Our business development team ensures that our client's assets are fully protected with free money repatriation and nil taxation, and work towards limiting their liabilities and ascertaining their business growth, thus making offshore company registration in UAE easy.
Extensive domain expertise helps us understand our client's unique needs and provide them with a trouble-free and customer-friendly working environment. We act as the registered agent for our clients in JAFZA / Dubai and help them with the following:
- Availing of business incorporation certificate
- Filing with the registrar of companies
- Opening a multi-currency bank account
- Preparing Memorandum and Articles of Association and Registration Forms
- Registering the office facility in Dubai with PO Box
- Renewing license
We handle legal and documentation formalities, provide strategic business inputs and state-of-the-art amenities, and take care of your offshore company formation in Dubai from start to finish for your unhindered business growth. Contact us for your offshore company setup requirements in JAFZA or Dubai; our team will gladly assist you.
How many shareholders are required for JAFZA offshore?
A minimum of 1 shareholder is required.
Are corporate shareholders permitted in Dubai offshore?
Yes, JAFZA allows corporate shareholders.
Is it possible to incorporate business in the Jebel Ali offshore remotely?
No, the physical presence of the partners is a must.
How many directors should a Dubai offshore company have?
A minimum of 2 directors are required.
What activities are not allowed for an offshore company in JAFZA?
The company cannot carry out banking, consultancy, insurance advertising etc.