JAFZA Dubai JAFZA
Offshore Company Formation
The international business community can establish offshore entities at JAFZA, Dubai in line with other international offshore jurisdiction.
Setup JAFZA, Dubai Offshore Company through A-Z Consultancy and you will get discounted rates on consultant services A-Z Consulting can provide you with advice on adequate activities,regulations and etc. for JAFZA Offshore Registrar. Shareholders’ and Directors’ confidentiality and anonymity are granted.
Why JAFZA Offshore Company
- A Dubai based offshore company
- No minimum capital requirement
- 100% foreign ownership permitted
- Possibility to register Dubai property under offshore company
- Less accounting procedures
- Ease of control, maintenance & operation
- Tax benefits
- Legal protection
- Confidentiality and Anonymity
- Asset Protection (partial)
- Total tax and duty exemption
- Simple process to open a corporate bank account in Dubai with any of the major banks
Jabel Ali Free Zone Authority (JAFZA)
The Jabel Ali Free Zone Authority (JAFZA) introduced regulations in 2003 for the establishmentof Jabel Ali Free Zone Offshore Companies. The international business community can now establish offshore entities at JAFZA in line with other international offshore jurisdictions. Regulations were framed in a manner so as to deliver the convenience and efficiency of global offshore locations coupled with the highest of standards.
Offshore Company
-
Shareholders
A minimum of one shareholder is required. Corporate shareholders are permitted. Shareholders will decide capital structure of the Company. Bearer shares are not permitted. A shareholders meeting should be conducted periodically (at least once in a year). Every company shall maintain minutes of all proceedings. The Register of Members shall be open for inspection by any member of the offshore company and any other person. If inspection is refused, the company commits an offence. -
Directors
A minimum of two directors are required and corporate directors are not permitted. Details of Directors are not available for public inspection. -
Secretary
-
Annual Accounts
Every Company shall have a secretary. Every Company shall keep accounting records. Accounts and Audit shall be preserved for 10 years from the date on which they are prepared. An offshore company’s accounts shall be approved by the directors and signed by one of them.
-
Local Requirements
As a matter of local company law the company have to maintain a registered office. Normally registered agent’s office in Dubai or in the free zone is used as the registered office. -
Restrictions
Names must end with limited. Certain business sectors such as banking, insurance, re-insurance, insurance agency or insurance brokerages etc. are closed for offshore companies. -
Time Scale
Registration of the company in free zone will take approximately 3 working days. However, for certain nationalities minimum can be 7 working days.
Documents Required for JAFZA Offshore Company Formation, For Individual Applicant:
- Document showing the appointment of agent.
- Application form.
- Applicant personal profile (Short/brief resume/CV)
- Certified Passport copy with UAE entry stamped page.
- Original Bank reference letter (Certified by the Banker)
- Proof of current residence by the shareholder (Not later than 3 months)
- Power of Attorney (Notarized and Attested) if POA holder represents the applicant.
- Few trade names.
- Details of Directors/Share holders with individual addresses and percentage of share holding of each shareholder
Contact A-Z Business Consultancy to setup your JAFZA offshore company
With our experience in setting up offshore companies in the UAE, A-Z Business Consultancy is the right consultant for you to setup your JAFZA Offshore company.
Contact us to find out more about company JAFZA offshore company.
