Business Setup For Jebel Ali Offshore Company (Jafza) In Dubai

A To Z Guide For Company Formation For Jebel Ali Offshore Company (JAFZA) In Dubai

Overview About Jebel Ali Offshore Company (JAFZA) in Dubai

  • The Jebel Ali free zone authority (JAFZA) introduced regulations in 2003 for JAFZA offshore company formation inside The Jebel Ali free zone.
  • JAFZA offshore maintains high reputation with international financial authorities.
  • 100% foreign ownership is allowed.
  • Bank account of an offshore company registered with JAFZA can be opened in multi currencies.
  • JAFZA offshore company can only be registered through a registered agent.
  • JAFZA offshore company is not allowed to rent an office location in UAE.
  • Share holders are required in person to visit JAFZA in order to form the company.
  • JAFZA offshore company cannot conduct banking and insurance business.
  • JAFZA offshore company is allowed by Dubai Land Department to own freehold properties in Dubai.
  • JAFZA offshore companies are allowed to own shares in onshore companies.
  • Names of share holders and directors are not displayed on public register.
  • Since 2019, it is mandatory to submit ESR notification for all offshore companies as per ministry of economy.
  • Offshore company does not fall under VAT levied by Government.

Key Benefits of Forming Offshore Company in Jebel Ali Free Zone Authority (JAFZA) in Dubai

  • Asset protection
  • Succession planning
  • Privacy and Anonymity
  • Low operational cost
  • Operational bank account in multi currency
  • Invoicing internationally for trading and services businesses
  • Owning freehold real estate in Dubai
  • Owning shares in mainland LLC
  • Owning shares in other onshore companies

Popular Business Activities in an Offshore Company Registered with JAFZA Dubai

  • Property holding
  • Asset or share holding
  • Investment holding in form of stocks, precious metals and funds
  • International trading
  • International consultancy services
  • Holding IP rights

Minimum Legal Requirements for JAFZA Offshore Company Registration in Dubai

  • Minimum one share holder is required.
  • Corporate company can also be a share holder in an offshore company. However all attested documents are required for a foreign corporate company.
  • Having director is must in an offshore company. Director names are not available in public domain.
  • Appointment of secretary is must in JAFZA offshore.
  • Share holders names are not available on public domain.

Documents Required to Register an Offshore Company in JAFZA Dubai

  • Passport copy
  • Utility bill clearly showing name and address not older than 90 days
  • Bank reference letter from any recognised bank or bank statement
  • CV for the share holder
  • Business plan
  • Duly filled in application form
  • Any other compliance process adopted by an authority or registered agent

Special Note

  • An offshore company formation in JAFZA Dubai is not allowed to conduct any business inside UAE.
  • An offshore company formation in JAFZA Dubai is allowed to own asset inside United Arab Emirates

Book an Appointment