JAFZA Offshore

Introduction
    Jebel Ali is a port town,  located southwest of the city of Dubai in the United Arab Emirates. The port is home to over  6000 companies from 120 countries. It is the world’s largest man-made harbor and the largest container port between Rotterdam and Singapore. The ports strategic geographic location close to the major east-west trades has enabled it to act as a maritime link between the Far East and the western hemisphere providing getaway access to a market of 1.5 billion people.
In 1985, JAFZA was established as an industrial area surrounding the port which allowed international companies to relocate and enjoy the special privileges of the free zone.

Why Offshore Company—JAFZA?
    JAFZA offshore companies are special status non-resident companies formed as per the JAFZA Offshore Companies Regulations 2003. The shares of an offshore company may be subscribed by individuals or corporate bodies both residents and non-residents of UAE. These type of companies can be used as special purpose vehicles for commercial investment & owning freehold properties in UAE.

Advantages and Benefits

  • Easy and simple registration procedures
  • Highest level of privacy and confidentiality
  • 100 % foreign ownership
  • Full asset protection
  • Exemption from corporate and personal income taxes
  • Ability to maintain bank accounts in UAE
  • Opportunity to invest in property and stocks worldwide
  • Ability to own real properties approved by JAFZA
  • Ability to become shareholder in any other  entity formed in UAE or outside UAE or in any UAE free zones
  • Permitted to open branch office or representative office in any part of the world
  • Assets and stocks can be transferred under JAFZA entity
  • Access to more than 74 UAE double tax treaties
  • No residency requirement for individual or corporate shareholders
  • Ability to engage in any lawful activity except in banking, insurance, reinsurance or activities not permitted by the Regulations.
Jurisdiction
Jebel Ali (JAFZA)
Type of entity
Offshore
Shelf company availability
No
Our time to establish a new company
2 to 3 weeks
Taxation on foreign income
No
Double taxation treaty access
Yes
Standard currency of share capital
AED
Other permitted currencies of capital
Any
Minimum paid up share capital
AED 1
Usual authorized share capital
AED 100,000
Minimum number of directors
2
Local directors required
No
Publicly accessible record of directors
No
Location of directors meetings
Anywhere
Minimum number of members
1
Publicly accessible record of members
No
Location of  members meetings
Anywhere
Company secretary required
Yes
Local or qualified company secretary    required
No
Requirement for audited accounts
No
Requirement to file accounts
No
Publicly accessible accounts
No
Requirements to file annual return
No
Change in domicile permitted
No
Requirement to prepare accounts
Yes
Bearer Shares
Not Permitted
Exchange Control
No
Registered Office      required
Yes

Related Documents       Corporate Profile