JAFZA Offshore
Located around the Jebel Ali Port, JAFZA Offshore was created in 2003 to permit international businesses to launch offshore entities near one of the world’s biggest seaports. Setting up an offshore company in JAFZA comes with numerous benefits, including zero taxes, easy bank setups, and liberal government policies. The setup process takes up to 7 days, and investors must be physically present to complete the registration through legal associates, lawyers, and consultants.
Bank accounts in JAFZA offshore can be managed globally via internet banking, providing complete control over funds for investors with no corporate or income taxes.
Main Benefits of Setting Up a Business in JAFZA Offshore
- 100% foreign ownership
- The only offshore company where you can own UAE real estate
- Multi-currency bank accounts
- No corporate or income tax
- No annual reports or accounts required to be filed
Shareholder Structure in JAFZA Offshore
- Minimum of one shareholder required
- Corporate shareholders are permitted
- Shareholders decide on capital structure
- Minimum of one director required
- Director can act as the secretary
Other Requirements for JAFZA Offshore
- Company name must end with 'Limited'
- Free from corporate and income tax, but VAT applies for taxable supplies
- Companies must maintain accounts for up to 10 years, with an appointed auditor
Business Activities in JAFZA Offshore
- Insurance
- Advisory
- Banking
- Consulting
- Finance
- Military
- Advertising & Media
- Publishing
- Intellectual Property
Licenses for a JAFZA Offshore Company
- General Trading License
- Trading License
- Industrial License
- Service License
- National Industrial License
Registered Agent Requirement
To set up a JAFZA offshore company, you must select a registered agent. The right services agent can help guide you through the process efficiently.
