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Jebel Ali Free Zone Authority (JAFZ) Offshore Company, Dubai (U.A.E.)

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Dubai is the commercial capital of the United Arab Emirates and is the business capital of the Middle East. In 2003, Jebel Ali Free Zone Authority (JAFZA) which manages one of the largest free zone in the region, promulgated JAFZA Offshore Companies Regulation which permits setting up of an offshore company.

Characteristics of a JAFZA Offshore Company Set Up:

  1. Shareholders:
    Minimum of one shareholder is required for a JAFZA Offshore company registration. Corporate shareholders are permitted. Shareholders will decide capital structure of the Company and can have different classes of shares.
  2. Directors:
    A minimum of one director is required for JAFZA Offshore company registration and Corporate Directors are permitted.
  3. Secretary:
    For JAZFA Offshore company setup, secretary is must. Director can be secretary as well.
  4. Restrictions on Name & Activity:
    The company name should end with Limited for a JAFZA Offshore company. The following words and their associated activities cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Fund, Imperial, Insurance, Municipal, Mutual Fund, Royal, Consultants and Trust.
  5. Local Requirements:
    Company registered in JAFZA Offshore must appoint an approved registered agent. A registered agent’s office in the UAE or in the Jebel Ali Free Zone can also be used as the registered office.
  6. Timescale:
    JAFZA Offshore Company registration will take approx. 7 days. Shareholders or their authorized attorneys need to visit in person to sign in presence of JAFZA officials for JAFZA Offshore company incorporation.
  7. Annual Reporting :
    JAFZA Offshore Companies are required to prepare accounts for a period of not more than 18 months beginning on the date of the Offshore Company incorporation or, if the Offshore Company has previously prepared a profit and loss account, beginning at the end of the period covered by the most recent account. Accounting records should include detailed transactions and accurate financial statements, underlying documentation such as invoices, contracts and all other relevant documents pertaining to accounts records including business transactions should be maintained for a period of 10 years with their Registered Agents at the Registered Office.
    JAFZA Offshore Companies should undertake to maintain and arrange for inspection and submission of any relevant documents and records as determined by the Registrar and in accordance with The Jebel Ali Free Zone Authority Offshore Companies Regulations 2018. Failure to respond to any of such requirements as determined by the Registrar will result in sanctions and or penalties as applicable.
  8. Taxation:
    Company registered with JAFZA Offshore pays no corporate taxes in UAE. However if it has taxable supply in UAE, VAT may be applicable. JAFZA Offshore cos are non-resident companies and hence not entitled to tax residency certificate and also can not avail benefits under any Double Tax Avoidance Agreements.
  9. Confidentiality of JAFZA Offshore Company:
    Details of shareholders & directors need to be filed with authorities but are not available for public record.
  10. Limitations of JAFZA Offshore Company:
    Company registered in JAFZA offshore cannot:

    1. carry out business (or provide services) with a UAE based customer / supplier
    2. have a physical office in UAE
    3. sponsor UAE residence visas for employees / directors / shareholder
    4. not entitled to tax residency certificate

11. Company Renewal:

Renewals for JAFZA Offshore companies falls every anniversary date of incorporation. Failure to do so would result in penalties of AED 120/- per month. In the event that the company is not renewed within 6 months of the renewal due date, the company will be struck off by the registrar of the companies.

Latest valid passport copy and recent utility bill / address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If shareholder is a corporate entity, then latest certificate of incumbency and above stated docs of directors would be required.

12. Documents Required for JAFZA OFFSHORE Company Registration:

Individual’s KYC Docs:

  1. Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
  2. UAE Visa Copy, if applicable
  3. UAE Entry Stamp, if applicable
  4. N.O.C. from UAE Sponsor, if applicable
  5. Address Proof (original recent utility bill for residence)
  6. Bank Reference letter (original)
  7. CV / Profile
  8. Dully filled FATCA Form

Corporate Shareholder’s KYC Attested upto UAE Ministry:

  1. Certificate of Incorporation
  2. Memorandum / Articles of Association
  3. Board Resolution
  4. Power of Attorney
  5. Certificate of Incumbency
  6. Certificate of Good Standing

All shareholders (or authorized attorney in case shareholder is a corporate entity) are required to personally visit and sign in presence of JAFZA Offshore Authority before incorporation of the company. Alternatively they can issue a POA duly attested by UAE consulate in their country of residence & thereafter attested by UAE Ministry of Foreign Affairs (which may cost approx.. AED 2,500/- per POA).

JAFZA OFFSHORE Company Formation Cost

1st Year Fees & Charges:
Authority fees for incorporation AED 10,040/-
2nd Year Onwards:
JAFZA fees for renewal AED 2,500/-

*Professional Fees for Incorporation of JAFZA Offshore Company and Annual Agent Fees are to be quoted separately.

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in JAFZA Offshore. Our company acts as a one stop solution for JAFZA Offshore company incorporation services.

If you are looking for JAFZA Offshore company setup, please get in touch with us for professional assistance

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
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For company formation and company incorporation services please contact us at our mailing address:

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Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

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GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

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GET IN TOUCHGBS Social links
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OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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