The offshore company formation in Dubai registered under Jebel Ali Free Zone Authority which is the largest free zone in UAE.
Jebel Ali, Free Zone Authority, allow an ideal vehicle for offshore company registration in Dubai for foreign investors. The offshore companies are not allowed to trade with mainland companies in UAE, but it will enable us to do re-invoicing of business and trade transactions. The trading inside the Free Zone can be carried out under onshore license instead of an offshore license.
Offshore company formation in Dubai may be used for many activities including tax relief, estate planning, asset protection, hold approved Dubai real estate properties and other assets
This vehicle will help to get benefit from Dubai’s superior banking privacy legislation client may establish an offshore bank account in Dubai and overseas.
The JAFZA Offshore can be registered for international trading activities, holding company activity, investment, holding of shares in local companies and companies established internationally, holding assets, real properties, open bank accounts at local and international banks.
Authorities cannot approve the following prohibited activities for registering Dubai offshore company. The prohibited activities are
| 1 | Movie Production | 11 | Professional Services |
| 2 | Management | 12 | Consulting |
| 3 | Gambling and Casino | 13 | Intellectual Property |
| 4 | Property Development | 14 | Media |
| 5 | Advisory | 15 | Security |
| 6 | Military | 16 | Publishing |
| 7 | Education | 17 | Advertising |
| 8 | Insurance | ||
| 9 | Banking | ||
| 10 | Financial Services |
All other activities are subject approval by authorities as per Jebel Ali Free Zone Offshore rules and regulations
SHAREHOLDERS:
A minimum of one and a maximum of 50 persons whose liability is limited to their shares in the Company’s capital are required.
Corporate shareholders are permitted.
Shareholders will decide the capital structure of the Company.
No fiscal minimum capital requirements have been stipulated but recommend having a minimum share capital.
Bearer shares are not permitted.
Different classes of shares are not permitted, must be fully paid when allotted.
A shareholders meeting should be conducted periodically (at least once in a year). Every Company shall maintain minutes of all proceedings at general meetings.
The Register of Members shall be open for inspection by any member of the offshore Company and any other person. If the check is refused, the Company commits an offence.
100% foreign ownership of the Company is allowed.
There is no public register of shareholders and directors.
Shareholders need to visit JAFZA office and sign the incorporation documents in the presence of the authorized official of the Jebel Ali Free Zone Authority. Alternatively, a power of attorney, notarized and legalized by UAE Embassy, can be issued to a nominated person who can then sign before the JAFZA authorized official.
DIRECTORS:
- A minimum of two directors are required and Corporate directors are not permitted.
- Details of Directors are not available for public inspection.
SECRETARY: JAFZA Offshore Company must have a secretary.
A JAFZA offshore company incorporation can take up to 15 days after all necessary due diligence of documents has been received satisfactorily.
Features:
- No minimum share capital required for JAFZA Offshore
- 100% Tax-free
- 100% Foreign Ownership
- Act as a particular purpose vehicle
- Minimum one Shareholder and one Secretary Required
- 100% repatriation benefits
- UAE has signed Double Tax Avoidance Agreements more than 100 countries
- There is no public record of shareholders’ or directors
- The JAFZA Offshore company can own property specified areas in Dubai.
Documents Required
- Passport copies
- Residence proof
- Promoter profile
- Secretary profile
Cost Estimate for JAFZA offshore company without a visa, approximately AED 17,500 (USD 4,780)
