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Jafza Jebel Ali Offshore License

Jafza Jebel Ali offshore License is one of the world’s largest free zones specializing in trade, industry, and logistics. The JAFZA authority promulgated regulations for incorporating offshore companies in the zone itself. 

 

The firms of accountants or lawyers are approved to provide services for clients for registering offices, registering offshore companies, and acting as agents for the companies. JAFZA is one of the best places to register offshore companies that drive development in Dubai providing unlimited possibilities for industrial development. We are experts when it comes to JAFZA company formation and can help you with all your business setup needs, including securing a Business License.

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Offshore Company Formation: Jebel Ali

The Jebel Ali Free Zone Authority (JAFZA) introduced regulations in 2003 for JAFZA offshore company formation inside the Jebel Ali Free Zone. As a result, 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 and maintain a high reputation with international financial authorities.

Features and regulations (Jafza) Jebel Ali offshore License

  • Regulations have been framed to deliver the convenience and efficiency of global offshore locations but at the same time maintain a high reputation with international financial authorities.
  • A JAFZA offshore company has the capacity and privileges of a natural person.
  • No minimum capital requirement.
  • All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in a bank.
  • The minimum number of Directors shall be two. Once JAFZA offshore company registration is conducted, every offshore company in Dubai should have a Secretary (a UAE resident) who may also be a Director of the company.
  • 100% foreign ownership permitted.
  • Total tax and duty exemption.
  • An efficient regulatory regime.
  • Opening a corporate bank account in a bank in Dubai.
  • A registered agent (legal firms, auditors, consultants) is required to be appointed after JAFZA offshore company formation from the approved list of registered agents maintained by JAFZA. We are an approved registered agent with JAFZA.
  • The Offshore domicile is located in the Jebel Ali Free Zone (JAFZA).

Limitations of Jafza Jebel Ali offshore License

Investors always choose to establish a business in the most renowned and well-established jurisdictions. Considering this aspect, Jebel Ali Free Zone Authority would be the most appropriate domain for ex-pat and resident entrepreneurs to set up their firm. offshore company formation in Jebel Ali has been instrumental in creating countless entrepreneurs. Having thoughtfully formulated investor-friendly policies made this jurisdiction the top choice for setting up a business.

  • Accounts have to be audited and submitted to the Authority.
  • The company cannot rent local premises
  • The shareholders are required to visit JAFZ in person.
  • The company cannot offer banking, insurance, consultancy or advertising services
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Business setup in Dubai

Free Zone License

Free Zone License

Mainland License

Mainland License

Dubai Mainland

Dubai Mainland

Jafza Jebel Ali offshore License

Jafza Jebel Ali offshore License occurs in these forms:

In 2003, JAFZA or The Jebel Ali Free Zone Authority introduced business regulations for offshore company formation inside the respective area. These business regulations allowed international business communities to set up their offshore entities at JAFZA. It is not easy for one to establish a business entity at an international location. It requires a proper understanding of the business regulations. Any wrong step can lead to disaster. This is why we are here to assist. Clever Corp has the experience of helping several businesses with their needs of JAFZA company formation

General Trading

Investments or Joint Investments

Shipping or Ship Management Company

Holding Company

Copyright or Patent Company

Property Purchase

Benefits of Jafza Jebel Ali offshore License

 

  • There is no requirement to acquire an office

  • High level of Asset Protection

  • 0% Tax

  • 100 % foreign Ownership

  • Minimum Operational Cost

  • No limit on Capital Flow

  • Simple Procedure of Incorporation

  • Invest in Properties Worldwide

  • Shares and Assets

Jafza Jebel Ali offshore License : What is the process?

The application process to set up a JAFZA Offshore company includes:

  • Selecting a company name
  • Filling application form
  • Submitting the required documents to authorities
  • Submitting the draft of Memorandum of Association (MOA) and Articles of Association (AoA)
  • Open an offshore bank account
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Business setup in Dubai

What Makes Jafza Jebel Ali Offshore License Unique?

  • UAE and Dubai have Double Taxation Avoidance Agreements (DTAA) with over 40 countries
  • UAE is not an overseas territory or dependent on any other country
  • Law allows offshore company owners to own or hold an interest in properties in Dubai

Limitations of Jafza Jebel Ali offshore License

 

  • Bearer shares are NOT permitted

  • The company cannot rent local premises

  • The company cannot carry on business activities like banking, insurance, consultancy, advertising etc.

  • The shareholders should visit JAFZA / Dubai physically

Documents required for Jafza Jebel Ali offshore License

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  • Certified Passport Copy (by Lawyer/Accountant/Sovereign Employee)

  • 2 x Proof of Address documents

  • Bank or Professional Reference Letter

  • Curriculum Vitae (summary of professional history)

Jafza Jebel Ali offshore License Liquidation

 

  1. If you want to close your JAFZA offshore company it is advisable to do a formal procedure of liquidation through your Agent.

  2. Some people keep their offshore companies non renewed after a while they get struck off the register automatically.

  3. However, if you need proof that your company needs to be closed and has no liabilities, an official liquidation needs to be done.

  4. It would cost about 8,000 AED (2,200 USD) and take about 1 month. Formalities can be done by your agent, but you need to make sure that:

  5. You return original company documents to your Agent

  6. You close your corporate bank account

Jafza Jebel Ali offshore License

Jafza Jebel Ali offshore License Cost

1st Year Fees & Charges:

Authority fees for incorporation AED 10,040/-

2nd Year Onwards:

JAFZA fees for renewal AED 9000/-

Contact us for Jafza Jebel Ali offshore License

We at BCM Corporate Services LLC, extend our quality services to our clients with well-experienced & qualified Business consultants with rich expertise in document attestation Services in Dubai so Jafza Jebel Ali offshore License meets clients’ Business setup requirements in Dubai. can be completed on time with satisfactory Results outcome. Please feel free to reach us for your Business setup and  Bookkeeping and Accounting Firms in Dubai requirements on our email id: info@branches.ae or call us on +971502585921

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