JAFZA Offshore Company Formation

Jebel Ali Offshore Company

Looking to establish an offshore company in Jebel Ali? Let Supreme Services simplify your JAFZA offshore company formation process for success. Benefit from expert guidance, efficient processes, tailored solutions, and comprehensive support. Contact us today!

JAFZA Offshore Company Formation

Offshore Company in JAFZA

Considering starting an offshore company in Jebel Ali?

JAFZA, one of the UAE's largest and fastest-growing free trade zones, hosts over 7,000 companies, including 120 Fortune Global 500 enterprises. Positioned between Dubai and Abu Dhabi, JAFZA boasts the world's largest man-made sea port, offering superb logistical advantages, top-notch infrastructure, and an impressive client roster.

Since 2003, JAFZA has permitted offshore company formation under its regulations, making it easy for both individuals and businesses to establish offshore entities.

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Types of JAFZA Offshore Companies

JAFZA offers a variety of offshore company options, including:

  • Investment Company

  • Joint Investment Company

  • Trading Company

  • Offshore Entity for holding property and assets

  • Holding Company

  • Shipping Management Company

  • Copyright/Patent Company

Overview of JAFZA Offshore Company Setup

Offshore Company in JAFZA

Advantages of an Offshore Company in JAFZA

Which are the benefits of an offshore company in JAFZA?

  • • Only corporate tax payments and no Value Added Tax payments

    • 100% foreign ownership is allowed

    • No restriction on capital and profit repatriation

    • No need to have an office space for setting up an offshore company

    • No requirement for minimum capital

    • Secure environment for investment and asset

    • Can hold properties in designated areas

    • Allowed to hold shares in UAE free zone companies and LLCs

    • Having a legal status for carrying on bona fide business thus making it easier to conduct business within the Middle East, outside UAE

    • JAFZA offshore has a reputation as a serious global hub for trading and manufacturing, which is advantageous for the company

    • Only offshore companies registered in JAFZA can own property, either in their individual names or through UAE companies

    • Holding of multiple currency bank accounts in the UAE

    • Easy and simple company registration

    • Assistance with banking, insurance, visas, accounting, legal matters, and feasibility studies and so on

Opening Bank Account for JAFZA Offshore Company

  • Supreme Services offers streamlined assistance for Jebel Ali offshore company formation, ensuring a seamless path to success. Jebel Ali Free Zone (JAFZA) stands as a pivotal hub for significant investments and large-scale businesses, hosting over 7,000 companies, including over 120 Fortune Global 500 enterprises. As one of the largest and fastest-growing free trade zones in the UAE, JAFZA boasts exceptional infrastructure and an enviable client base.

    Since 2003, JAFZA has enabled the establishment of offshore companies under the Jebel Ali Free Zone Offshore Companies Regulations, welcoming both individuals and corporations to set up offshore entities with ease. Various types of offshore companies, including investment companies, joint investment companies, trading companies, and entities for holding property and assets, can be registered in JAFZA. Additionally, Supreme Services assists with opening bank accounts for JAFZA offshore companies, ensuring that clients navigate the banking process seamlessly, leveraging their UAE residency status for eligibility.

Chief Characteristics of a JAFZA Offshore Company

Which are the main features of a JAFZA offshore company?

  • • Company status: Limited Liability

    • Shareholders: Minimum 1; no maximum

    • Directors: Minimum 2

    • Suffix to the name: Limited

    • Capital Structure: Decided by shareholders

    • Shares:

    o Must be fully paid up when allotted

    o No bearer shares allowed

    o All shares must be of same class

    • Administration: Must have Registered Agent approved by JAFZA

    • Office Space: The registered office space of the JAFZA offshore company is that of its registered agent. Registered office may be in JAFZA or in Dubai.

    • Secretory: Must have a secretory

    • Licensing: A JAFZA offshore company is not opened with a license (it is only a certificate of incorporation)

Procedure of JAFZA Offshore Company Registration

  • 1. One or more individuals or companies are allowed to set up an offshore entity.

    2. Contact a reliable JAFZA authorized agent for company registration in Dubai.

    3. Submit an application for certificate of incorporation to the Registrar of JAFZA for the formation of an incorporated offshore company with limited liability.

    4. The rules of JAFZA will govern the conduct of the offshore entity.

    5. A JAFZA Offshore Executive will personally witness the signing of the Application for the incorporation of the JAFZA Offshore entity by shareholders, which must meet specific requirements:

    • The name of the offshore entity must end with the word "limited".

    • Address of the offshore entity's registered office.

    • The proposed share capital and its division into shares of a fixed amount.

    • The names and addresses of each of the incorporators.

    • Articles of Association.

    • Any additional documentary details requested by the officer.

    6. If the Registrar is satisfied with the application and associated documents, consent will be granted for the registration of the offshore company, and the offshore company's articles will be registered.

    7. The Registrar will issue a certificate of incorporation for the offshore company and allocate a unique registered number.

Certificate of Incorporation for JAFZA Offshore Business

  • • A certificate of incorporation is conclusive evidence of the incorporation of the offshore entity.

    • This contains the date of incorporation, reference number for identification.

    • It confirms that requirements of JAFZA Offshore Company Regulations have been complied with respect to the registration of the offshore company.

Articles of Association of JAFZA Offshore Company

  • Keep in mind these Articles of Association (AOA) specify the regulations for the offshore company in the UAE.

    • The rule for transferring of shares

    • A general meeting of the offshore company at least once every year

    • Maintenance of accounts and presentation of financial performance before annual general meetings

    • An audit of the accounts of the offshore company at least once in every year, audit date and appointment of an auditor is also mentioned

    • Minimum number of members required to form a quorum at any general meeting of the offshore company

Activities that an offshore company in JAFZA can undertake on mainland

  • In case, an offshore company wishes to conduct trade or other business in Jebel Ali Free Zone or elsewhere in the United Arab Emirates. It must procure the appropriate professional license to conduct the trade or other business activity from JAFZA. Only then, an offshore company in JAFZA can do activities on mainland of the UAE.

    With permission, a JAFZA offshore company can perform these activities onshore in the UAE.

    • Carry on business with persons resident in the United Arab Emirates

    • Own an interest in real property situated in the United Arab Emirates other than approved by Authority

    • Conduct a banking or financial business

    • Do business as an insurance or re-insurance company, insurance agent or insurance broker

    • Undertake any other business which may be prohibited by the JAFZ authority or the UAE government

Registered Agent for JAFZA Offshore Company

  • • No person can act as a registered agent without JAFZA's due approval.

    • The registered agent must be present in JAFZA or Dubai at all times.

    • The Registrar maintains the register for approved agents.

    • If there's a need to change the registered agent(s) of the offshore entity in JAFZA, inform the Registrar accordingly.

Documentary Requirements for the Registration of JAFZA Offshore Entity

  • Requirements for Individual Applicant:

    • Copies of passports of the shareholder or shareholders

    • CV of the shareholder(s)

    • Proof of Residence in the form of utility bills or credit card bills

    • A copy of the valid visa

    • Bank Reference Letter

    Requirements for Corporate Shareholders:

    • Memorandum of Association (MOA) and Articles of Association (AOA) of the original company

    • Certificate of Incorporation

    • Power of Attorney

    • Board Resolution

    • Certificate of Credit Worthiness

    Note: All the documents must be attested and notarized by the UAE Embassy.

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