Characteristics of a JAFZA Offshore Company Set Up:
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:
Corporate Shareholder’s KYC Attested upto UAE Ministry:
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/-|