JAFZA Offshore Business Setup
Setup JAFZA, Dubai Offshore Company through A-Z Consultancy and get discounted rates offered by A toZ Business Consultancy.
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
The Jabel Ali Free Zone Authority (JAFZA) introduced regulations in 2003 for the establishment of 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.
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.
A minimum of two directors are required and corporate directors are not permitted. Details of Directors are not available for public inspection.
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.
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.
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.
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
Note: Application will be signed by the Shareholder in front of JAFZA officials.