Offshore Company Formation in Dubai (JAFZA)
JAFZA – Dubai Offshore Company Formation – In 2003, the Jebel Ali Free Zone Authority (JAFZA) established offshore companies in the Jebel Ali Free Zone, located in Dubai. JAFZA is one of the fastest-growing free zones in Dubai, with its own regulations. The main aim of JAFZA was to attract foreign investors to Dubai. Free Zone Offshore Company Regulation invites individuals and corporate bodies to setup a company as a non-resident. A company in JAFZA Offshore can be formed without your physical presence. An authorised agent can set up a JAFZA offshore company.
As per JAFZA offshore company regulations, for a JAFZA company formation, you can select any one of the following structures:
- A free zone company with a minimum of 2 shareholders and a maximum of 5 shareholders
- A free zone company with a single shareholder.
- Foreign companies can set up branch offices in JAFZA.
Documents Required for JAFZA Offshore Company Registration
- Passport copy of the manager
- Passport copies of shareholders
- Resume of the manager
- Proof of trade name reservation
- Proof of initial approval for the activities
- Personal information sheets for each shareholder and manager
- Notarized and attested power of attorney
Benefits & Advantages of JAFZA Offshore Company Setup
There are numerous benefits to forming a Dubai offshore company in the UAE.Many investors are taking an active interest in setting up businesses in JAFZA due to these benefits like tax and import duty exemption, administrative support, free ownership, etc.
Here are a few of the Jafza Offshore Company’s benefits and advantages.
- 100% foreign ownership
- Import duty exemption
- Full administrative support
- 100% repatriation of capital and profits
- Simple recruitment procedures
- Freedom from corporate taxation.
- Abundant, inexpensive energy
- Protection of investments
- Anonymity, confidentiality, and privacy in operations
- No office is required.
- No paid-up capital
- Hold UAE Bank Account
- Easy ownership transfer process
- Government License to Trade Globally
- Legally protect assets from claims.
- Audit report Filing is not required.
- Register your Dubai property under the JAFZA Offshore Company
JAFZA Offshore Dubai Business Activities
For entrepreneurs who want to open a business in the JAFZA, the following activities can be done:
- Insurance
- Advisory
- Banking
- Game and Win
- Financial
- Military
- Consulting
- Casino
- Intellectual Property
- Advertising
- Media
- Publishing
Features of a Dubai JAFZA Offshore Company
- Shareholders : Just one shareholder is required, and corporate shareholders are permitted. International shareholders are required to attest all documents.
- Directors : At least two directors are required; information about directors is not available on the public register.
- Secretary : A company should have a secretary; a company director can also act as a secretary.
- Share Capital : No minimum share capital is required.
- Annual Reporting : 10 years Account records should be maintained, and an auditor should be appointed to review the accounts.
- Arranging a Business Address
JAFZA Offshore Setup Service by Black Swan
Black Swan is one of the authorised JAFZA offshore registered agents in Dubai, with hands-on experience in company formation and JAFZA business setup services. As one of the leading JAFZA offshore agents in the UAE, Black Swan helps business owners set up a company in Dubai JAFZA offshore. Our team of professionals has extensive experience in JAFZA business set-up procedures. The JAFZA offshore business setup process will take up to 2 to 4 weeks. After handing over the business setup to Black Swan, the following services are provided:
- Applying for and following up on business registration
- Representing your company in front of the government authorities
- Help with the Bank Account Opening Process
- Help with signing up with the Ministry of Labour
- Help with signing up with the UAE immigration
- Arranging a Business Address
Black Swan business setup service can help you with offshore company formation in Dubai and getting JAFZA trade licenses in Dubai, Ajman, and Ras Al Khaimah – UAE – at affordable costs.
