JAFZA Offshore Company Formation & Business Setup

JAFZA Offshore

Offshore Business Setup in JAFZA

JAFZA Offshore Business Setup & Company Formation

Jebel Ali Free Zone was a project developed by the Government of Dubai established in 1985. Covering an area of more than100 square kilometers, JAFZA was built around the world’s largest airport. Companies set up here are required to be physically present at Jebel Ali. In 2001, the idea of an offshore company began in Dubai and developed a proper structure on 15th January 2003 with the JAFZA offshore company regulations came into existence.

The 2003 JAFZA offshore company incorporation had a list of comprehensive regulations and rules for setting up an offshore company in Dubai.

At Idea BiZone, we have a skilled team of professionals who always stay ready to serve you. With our years of expertise and experience, we will take you through the entire process of setting up your offshore company in JAFZA. Let us handle everything for you if you want to set your company through a hassle-free process.

Why JAFZA Offshore Company?

JAFZA is the perfect option for international investors to establish and set up their companies in this region. Businesses operating within this zone work under the independent free zone authority that issues the necessary licenses and regulates the enterprise activities in this zone.

JAFZA offers several services suiting the resources and needs of the companies. Based on how many shareholders are included and the nature of your business, JAFZA provides five formation types along with multiple license activities and types. We are here to help you through the entire process of setting up a JAFZA offshore company.

Setting Up an Offshore Company in the UAE with JAFZA

An offshore company is different from the other free zone companies in the UAE in terms of how it operates. This legal business entity, the offshore company, is set up with the aim of its operation outside the registered ownership location or jurisdiction.

A JAFZA offshore company setup requires at least one or more shareholders, with no restriction on the maximum shareholder number. The shareholder for an offshore company in JAFZA can be an individual, a person, a non-individual, a company, or a mixture of both. An offshore company, in basic terms, is a limited liability partnership in that free zone, following the company’s liability being limited to the paid-up capital.

Advantages of Setting up a JAFZA Offshore Company

Here are the multiple benefits of setting up a JAFZA offshore company in the UAE. These are enlisted below.

Acquisition of office premises is not required
There is a 0% tax environment
100% foreign ownership is granted
JAFZA offshore company offers minimum operational cost
There is no limit on the capital flow in JAFZA offshore company
The incorporation process is simple and easy
JAFZA offers the opportunity for worldwide investment in properties
Transfer of assets and shares etc., is also permitted
JAFZA does not have any minimum capital requirements
Freedom to buy Dubai Freehold properties that have been approved by JAFZA ( developer properties like Emmar, Dubai Properties Nakheel, etc.)
Through the JAFZA offshore company, Dubai bank accounts can be opened and operated.

JAFZA Offshore Company Formation; The Types

JAFZA offshore company offers multiple types of company formation for people wanting to set up a business here. JAFZA also allows the setting up of an offshore company in the UAE. Offshore companies tend to be different from free zone companies in their operation.

Here are the types of JAFZA offshore company formations.

JAFZA offshore company as Ship management or shipping company
JAFZA offshore company as General trading
Joint Investments company or Offshore company as investments
Dubai offshore company as holding company
JAFZA offshore company for buying Dubai property
Register offshore company for patent or copyright company

Setup and Registration

Requirements and How to Set Up Your JAFZA Off-Shore Company

An offshore company in JAFZA doesn’t have a business license. Only the incorporation certificate is given, meaning that the offshore company is not permitted to conduct commercial activities with people in the UAE. Understanding this, a JAFZA offshore company creation starts with selecting a registered agent who will handle all the administrative actions and dealings. You can choose a registered agent as you desire.

Here are the three simple steps you need to follow to set up your offshore company in JAFZA.

1. Online Registration of your Interest

Setting up your offshore company in JAFZA starts with registering your interests online. On the online platform, fill in your form. The sales team will then contact you for further verification of your application.

2. Select your Registered Agent

It's necessary to select a registered agent to set up your offshore company. The registered agent you select will be responsible for handling all your actions and administrative relating to JAFZA dealings. All the communication will be conducted by the registered agent on the company’s behalf.

3. Submit Application and Documents

Once the process above is complete, you can head to submit the signed application along with all the necessary documentation. JAFZA has the right to ask for any additional documents that they consider necessary. You will be informed about these through the registration or sales team through email or in person.
We at Idea BiZone, are here to assist investors worldwide in their business set up in the UAE. Our dedicated team will be with you through all the steps of setting up your offshore company in JAFZA.

Documents Required for Setting Up Your Off-Shore Company

Here is a list of the necessary documents for corporate shareholders and individual applicants to set up their offshore companies in JAFZA.

Individual Applicant

Shareholder (s) personal profile (CV)
Shareholder(s) bank reference
Shareholders passport copy
UAE entry stamp page or visa copy
Proof of residence (Utility bill copy)

Corporate Shareholders

Incorporation certificate of the company
Parent company’s Articles and Memorandum of Association
Board Resolution that states that the company will set up a Dubai offshore company with a power of attorney allowing the individual to sign on the company’s behalf for setting up the offshore company
Certificate of company’s good standing

All the documents mentioned above need to be attested and notarized by the home country’s UAE embassy and by Dubai’s ministry of foreign affairs. Idea BiZone assists you in the entire attestation process.

Why Choose Idea BiZone?

We are a dedicated team of business consultants who have helped and continue to help investors worldwide in setting up their businesses in the UAE. We promise to acquaint you will the process of business setup and formation in the UAE and guide you at every step of your journey. Our devotion and dedication to serving our clients have earned us a great name as the most reliable business advisors. Trust us and our services because we promise to offer you the best.