Business In Jebel Ali Dubai
Set up in 1985, Jebel Ali Free Zone or JAFZA is spread across 48 sq metres and is one of the largest and fastest-expanding free zones in UAE. It is home to over 6400 companies, including over 120 Fortune Global 500 enterprises from across the world. Jebel Ali is among the best areas for offshore company registration in Dubai free zones, given its great infrastructure, location in between Dubai and Abu Dhabi and enviable client list.
JAFZA offshore companies are companies that are not physically present in the UAE. There are only registered here, which means shareholders have no resident visas. UAE offshore companies only get a certificate of incorporation and not a business license, as they are not allowed to do any business within the Emirates.
Registering an offshore company in Jebel Ali Free Zone is a legal bona fide business. This makes it easier for you to conduct business within the Middle East, outside UAE. Offshore companies can own property, individually or through UAE companies in specific designated areas in Dubai. You also get the added advantage of having to pay no tax while getting 100% repatriation on profit.
Advantages That Come With A Jebel Ali Offshore Company
- Zero corporate or income tax payments
- Full profit retention
- Property ownership in designated areas for offshore companies
- Permitted to hold shares in UAE free zone companies and LLCs
- Facilitates conducting business in the Middle East beyond the UAE.
The Application Process For Setting Up An Offshore Company In Jafza
- Choose a company name.
- Complete an application form.
- Provide necessary documents to the authorities.
- Prepare the draft of the Memorandum of Association (MOA) and Articles of Association (AOA).
- Open an offshore bank account.
Document Requirements For Setting Up A Jafza Offshore Company
Offshore company registration in Dubai may seem like a lot of work, but fear not – we’ve got a well-mapped course to guide you through the process:
- Copies of the passports of all shareholders and directors.
- Proof of address for all shareholders and directors, such as utility bills or bank statements.
- Curriculum vitae (CV) of all shareholders and directors.
- The proposed name for the company (3 options).
- A specimen signature of all shareholders and directors.
- A draft of the Memorandum of Association (MOA) and Articles of Association (AOA).
- A board resolution for the formation of the company (if applicable).
- A lease agreement for a physical office (if required by Jafza).
- Parent company documents
- Any other documents requested by Jafza
- Services
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