Benefits of Forming Offshore Company in JAFZA
JAFZA is one of the fastest growing and most reputed free zones of Dubai with its own set of regulations and was built with vision with attracting foreign investment. The Jebel Ali Free Zone (JAFZA) Offshore companies are non-resident companies with special status and are formed under the JAFZA Offshore Companies Regulations enacted on 15. 1.2003.
At the outset, this free zone was set up to become a global business hub. With its robust infrastructure and strategic location, JAFZA is an attractive proposition for offshore company formation Dubai. Here Entrepreneurs can register the offshore company in Dubai and also free zone companies with licenses to operate. Though licenses are mandatory for doing business anywhere in the UAE, offshore companies are not an operating license as they cannot conduct trading, manufacturing or business within the Emirates.
So what are benefits to investors registering offshore setup company in JAFZA ?
Let’s take a look at the unique advantages offered by this particular economic zone JAFZA offshore:
Company registered in JAFZA has a legal status for carrying on bona fide business and makes it easy to conduct business within the Middle East.
A JAFZA offshore has a reputation as a global hub for trading and manufacturing, which is advantageous for the company
Only offshore companies registered in JAFZA can own property, either in their names or through UAE companies
Offshore companies registered in JAFZA can easily open bank accounts in Dubai
No taxation and no restriction on capital and profit repatriation
Assistance with banking, insurance, visas, accounting, legal matters, feasibility studies and so on
Contact Us for Quote for JAFZA Offshore
SKM International Chartered Accountants & Business Consultants
Mr Sushil Malhotra
(F.C.A, C.I.A, (U.S.A.), B.Com),
201C, B62 Building,
Al Maktoum Road, Above RAK Bank,
Next to Emirates Concorde Hotel
Deira, Dubai - United Arab Emirates.
P.O. Box 183059, Dubai, United Arab Emirates
+ 971 50 4676658,
+971 4 234 0958,
+971 4 234 0950,
Steps for offshore company formation in the Jebel Ali Free Zone (JAFZA)
Prospective client need to contact a trustworthy JAFZA authorised agent for the registration process
Acquire an official quote for the scope of work you need, like registration, nominee services, opening bank accounts, any specific attestations required
Submit three names for the company in order of priority, out of which one will be finalised by the authorities
choose Activities of business – property investment, consultancy, trade, or acting as a holding company
Share capital Determination.
Determine the list of shareholders, a minimum of two directors, and one secretary
Submit the necessary documents, like passport copy, address proof, reference from bank and shareholders’ resume to an offshore agent.
The Memorandum of Association, Share certificates, fees and application forms signed by the shareholders, secretary and directors are submitted in the presence of the shareholders by Registered JAFZA offshore Agent to JAFZA authorities.
The company is registered in three working days, If the Registrar is satisfied.
Offshore company incorporation in Dubai JAFZA can be incorporated as Limited liability company. The companies can be formed with either single shareholder, or with multiple (unlimited) shareholders.The company should have ‘limited’ as a suffix to its name.
Companies have to pay a one-time registration fee of AED 10,100 and an annual fee of AED 2,500 to renew it. Plus agent fees.
Why SKM International Chartered Accountants?
Offshore company formation in Dubai can get complicated and SKM International JAFZA Offshore business set up package offers quick, safe and hassle-free solutions. We help you register your offshore company, get company incorporation certificates for you and provide PRO services with relevant government agencies.
SKM International also offers assistance with banking, insurance, accounting, and legal matters.
Our business set up services package provides complete privacy and confidentiality for your finances and business, at most affordable prices.
With the help of SKM International Chartered Accountants Business Setup, investors can register their offshore company without being physically present for the incorporation and within 10 days.