UAE is an amazing destination for business setup—agrees every person who dreams about starting their own company. Particularly, Dubai being the hub offers several opportunities in the business spectrum, 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.
In 2003, the Jebel Ali Free Zone Authority (JAFZA) introduced the establishment of offshore companies in 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, as per the international offshore regulations.
These jurisdictions were outlined so as 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 Offshore Company - JAFZA
Be it offshore, freezone or mainland, Dubai has built an empire that allows all the workspace to explore and flourish. They allow several activities and the best part is everything is properly regulated, flawless and inclusive in a way that it benefits all the stakeholder. The cost of 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 trademark, patent and copyrights and can also buy and sell copyrights.
Documents required for Jebel Ali Offshore Business Setup
In order to do business in Jebel Ali offshore, you need to fill its application form and submit the below mentioned essential documents.
- 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 – Jebel Ali
Benefits of JAFZA offshore company setup are many and one among them is 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 are going to carry out, choose a suitable name for it and make sure 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 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, proceed to 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 pre-requisites to make the process smoother.
Commitbiz is a registered company that has been facilitating offshore companies set up in Dubai jurisdiction for global entrepreneurs. We study the business requirements of our clients and suggest to them a perfect path to proceed with their business setup journey by making sure it is ideal for their international business needs.
Our business development team ensures that our clients' assets are fully protected with free money repatriation and nil taxation, and work towards limiting their liabilities and ascertaining their business growth thus making the offshore company registration in UAE easy.
Extensive domain expertise helps us to understand the unique needs of our clients and provide them a trouble-free and customer-friendly working environment. We act as the registered agent for our clients in JAFZA / Dubai, and help them with:
- Availing business incorporation certificate
- Filing with the registrar of companies
- Opening 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 provide 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 be glad to 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.