Business Setup in
Jebel Ali Free Zone Authority
Offshore company in Jebel Ali Free Zone Authority (JAFZA)
Jebel Ali Free Zone (JAFZA) has witnessed remarkable growth since its inception, evolving from 19 companies in 1985 to over 8,700 today, including more than 100 Fortune Global 500 companies by 1995. Its strategic location, nestled amidst Jebel Ali Port, Al Maktoum International Airport, and Expo 2020 Dubai, has facilitated its ascent as a premier global trade hub and a comprehensive business solution provider.
JAFZA offshore companies offer a unique proposition: they are registered in the UAE but do not require physical presence, granting shareholders flexibility without resident visas. While they don’t obtain business licenses, they serve various purposes such as holding freehold properties in Dubai, tax planning, estate management, and asset protection.
This offshore setup enables discreet ownership of Dubai properties and other assets, ensuring privacy and security. With the issuance of a ‘Certificate of Incorporation,’ holders can also operate a multi-currency UAE bank account, adding another layer of convenience and versatility to their financial endeavours.
Benefits of setting up
Offshore company in JAFZA
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Discretion & Privacy
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100% foreign ownership
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0% personal income tax
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0% Corporate tax
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0% Import / Export duties
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No currency restrictions
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Asset protection
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Proximity to major markets
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Nominee & Directors services
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0% Import / Export duties
Requirements for Setting up an offshore company in Ajman Free Zone
Application for Certificate of Incorporation
Passport Copy of Shareholders
Curriculum Vitae of Shareholders
Recent 6-month Bank Statement of the Company.
Certificate of Good Standing
Latest Utility Bill as Proof of Residency, for individual shareholders
For corporate shareholders: Board Resolution awarding Power of Attorney, Memorandum of Association (MOA), Articles of Association (AOA), Certificate of Good Standing.
Additional documentation requirements may affect both the total setup cost of a JAFZA Company and the cost of obtaining a JAFZA Trade License.
Unlike mainland and free zone companies, which are granted business licenses, offshore companies receive certifications to operate UAE-based firms instead. This differentiation arises because an offshore company is technically not permitted to conduct operations within the country, hence they are not issued licenses. Depending on your requirements or business activities, here are the types of companies or activities available for Jebel Ali Free Zone offshore business setup:
- Banking
- Insurance
- International trade
- Holding Compnies
- Property Owning
- Registration of copyrights and patents
- International consulting