Article 1 | June 2014 : JAFZA Offshore Company Formation

Jebel Ali Free Zone (JAFZA) Offshore Company Formation

by Al Mubasheri  |  June 2014

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United Arab Emirates is one of the fastest developing countries in the globe. It has since showed promising stability in providing international business investors with substantial economic growth throughout the passing years with market trends offering diverse prospective opportunities.

Dubai offshore company formation is one of the excellent approaches for tax savings and protection of assets. Jebel Ali Free Zone Authority (JAFZA) is the regulatory authority for Dubai Offshore Company registration. JAFZA is situated between one of the world’s largest seaports and airports, making it a hub for trading and a promising venue for offshore entities worldwide.

Reasons for Dubai Offshore Company Formation

1.  Real Estate Acquisition

2.  100% Foreign ownership

3.  100% tax exemption

4.   No minimum capital requirement

5.   Anonymity

6.   Acquire local/offshore bank account

7.   Absolute financial confidentiality, security and privacy

Characteristics and Regulations:

1.   A registered agent (legal firms, auditors, legal consultants) is required to be appointed by the Company from the approved list of registered agents maintained by UAE Free Zone.

2.   It is not required to have a physical office in the UAE.

3.   Carrying on businesses with person resident of the UAE.

4.   No visa eligibility.

5.   It may have non UAE resident as director or shareholder.

6.   Requirement to appoint directors, secretary and shareholders.

7.   It does not mandate the shareholder/director to be physically present in the UAE for incorporation.

8.   It may own real estate in the UAE on any real property approved by the Authority.

9.   Banking and insurance business without special license is not allowed.

10. The company may maintain bank accounts and deposits in the UAE or worldwide for the purpose of conducting its routine operational transactions.

11. It is not obliged to maintain its books and records.

12. The company may own yachts registered in the UAE.

13. Ability to lease a space for maintaining a regular office.

About Al Mubasheri Advocates and Legal Consultancy

Al Mubasheri – Lawyers in Dubai, aim to provide integrity-driven and high-quality legal support to individuals or groups using practical, analytical, and client-focused approach in recognizing and responding to concerns and challenges related to achieving business or personal objectives. We possess resilience in varied forms of challenges and employ our best efforts in order to establish realization of clients’ needs and goals.

As a registered agent for offshore company registration in Jebel Ali Free Zone, we act as liaison between the company and the Authority for all transactions and requirements needed for the incorporation. We tackle all related matters from initial contact to end of contract. For questions click here

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