BUSINESS SETUP FOR JEBEL ALI OFFSHORE COMPANY (JAFZA) IN DUBAI

A to Z Guide for Company Formation for Jebel Ali Offshore Company (JAFZA) in Dubai

Overview About Jebel Ali Offshore Company (JAFZA) in Dubai

  • The Jebel Ali free zone authority (JAFZA) introduced regulations in 2003 for JAFZA offshore company formation inside The Jebel Ali free zone.
  • JAFZA offshore maintains high reputation with international financial authorities.
  • 100% foreign ownership is allowed.
  • Bank account of an offshore company registered with JAFZA can be opened in multi currencies.
  • JAFZA offshore company can only be registered through a registered agent.
  • JAFZA offshore company is not allowed to rent an office location in UAE.
  • Share holders are required in person to visit JAFZA in order to form the company.
  • JAFZA offshore company cannot conduct banking and insurance business.
  • JAFZA offshore company is allowed by Dubai Land Department to own freehold properties in Dubai.
  • JAFZA offshore companies are allowed to own shares in onshore companies.
  • Names of share holders and directors are not displayed on public register.
  • Since 2019, it is mandatory to submit ESR notification for all offshore companies as per ministry of economy.
  • Offshore company does not fall under VAT levied by Government.

Key Benefits of Forming Offshore Company in Jebel Ali Free Zone Authority (JAFZA) in Dubai

  • Asset protection
  • Succession planning
  • Privacy and Anonymity
  • Low operational cost
  • Operational bank account in multi currency
  • Invoicing internationally for trading and services businesses
  • Owning freehold real estate in Dubai
  • Owning shares in mainland LLC
  • Owning shares in other onshore companies

Popular Business Activities in an Offshore Company Registered with JAFZA Dubai

  • Property holding
  • Asset or share holding
  • Investment holding in form of stocks, precious metals and funds
  • International trading
  • International consultancy services
  • Holding IP rights

Minimum Legal Requirements for JAFZA Offshore Company Registration in Dubai

  • Minimum one share holder is required.
  • Corporate company can also be a share holder in an offshore company. However all attested documents are required for a foreign corporate company.
  • Having director is must in an offshore company. Director names are not available in public domain.
  • Appointment of secretary is must in JAFZA offshore.
  • Share holders names are not available on public domain.

Documents Required to Register an Offshore Company in JAFZA Dubai

  • Passport copy
  • Utility bill clearly showing name and address not older than 90 days
  • Bank reference letter from any recognised bank or bank statement
  • CV for the share holder
  • Business plan
  • Duly filled in application form
  • Any other compliance process adopted by an authority or registered agent

Special Note

  • An offshore company formation in JAFZA Dubai is not allowed to conduct any business inside UAE.
  • An offshore company formation in JAFZA Dubai is allowed to own asset inside United Arab Emirates

Flyingcolour® assists in all types of offshore company registrations with JAFZA Dubai. We assist in offshore company registrations for all allowed types of activities. We also assist in opening bank account with all local leading banks. We closely work with all free zone authorities and banks in United Arab Emirates.

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