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OFFSHORE COMPANY FORMATION 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

  • In 2003, the Jebel Ali free zone authority (JAFZA) established laws for the registration of JAFZA offshore companies within the Jebel Ali free zone.

  • International financial regulators hold JAFZA offshore in high regard.
  • It is permissible to have 100 percent foreign ownership.
  • A bank account for a JAFZA-registered offshore corporation can be opened in multiple currencies.
  • A registered agent is required to register a JAFZA offshore corporation.
  • A JAFZA offshore corporation is not permitted to rent an office in the United Arab Emirates.
  • In order to form the firm, shareholders must come to JAFZA in person.
  • The offshore firm JAFZA is unable to perform banking or insurance activities.

  • The Dubai Land Department has granted JAFZA the right to own freehold homes in Dubai.

  • Offshore enterprises operating in the JAFZA zone are permitted to own shares in onshore businesses.
  • On the public register, the names of stockholders and directors are not listed.
  • According to the Ministry of Economy, all offshore enterprises must submit an ESR notification starting January 2019.
  • Government-imposed VAT does not apply to offshore companies.
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Key Benefits of Forming Offshore Company in Jebel Ali Free Zone Authority (JAFZA) in Dubai

1

Asset protection

2

Succession planning

3

Privacy and Anonymity

4

Low operational cost

5

Owning shares in other onshore companies

6

Operational bank account in multi currency

7

Invoicing internationally for trading and services businesses

8

Owning freehold real estate in Dubai

9

Owning shares in mainland LLC

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

Documents Required to Register Dubai Offshore Company

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

Minimum Legal Requirements for JAFZA Offshore Company Registration in Dubai

    Minimum one shareholder is required.

    Corporate company can also be a shareholder 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 the public domain.

    Appointment of secretary is must in JAFZA offshore.

    Share holders names are not available on public domain.

Special Note

Flyingcolour® assists in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free Zone, or Offshore company registrations in all Emirates of the UAE and also assist in opening bank accounts with all local leading banks. We closely work with all Government Departments and banks.