The Jebel Ali Free Zone Authority (JAFZA), established in 1985, is one of the oldest, largest and most reputed free zones in the UAE. The free zone started facilitating offshore company formation in Dubai in 2003 after promulgating the JAFZA Offshore Companies Regulations 2003. The JAFZA company formation regulations allow investors and corporate bodies to establish offshore or non-resident companies in the free zone.
JAFZA offshore company formation is ideal for investors who want to form an entity to use it as a holding company or purchase properties within Dubai. Investors generally set up an offshore company in JAFZA to minimize tax liabilities or protect assets.
JAFZA offshore companies are not allowed to conduct any business activities in the UAE, and the Authority will issue a certificate of incorporation instead of a trade license.
The investors need to set up an offshore company through registered agents in Dubai who will provide the office space for the company. Text us on WhatsApp or call us today to setup your business in JAFZA. Our experienced and efficient team will be there with you through every step of the company setup process. Read ahead for more details:
Tailoring Compliance Services To Match The Specific Needs Of Businesses.
Advantages of Setting Up Your JAFZA Offshore Company are
No, an offshore business is not authorized to lease property on the local premises.
It takes two to three working days to set up an offshore business in JAFZA Dubai.
No, local sponsorship is not required for a company entity that has been established in the JAFZA.
Establishing an offshore company in JAFZA Dubai requires a minimum of two shareholders.
In JAFZA Dubai, four main categories of Jebel Ali Free Zone Companies can be registered. You may choose the option based on your requirements as well as your schedule:
Based on the various priorities of the people establishing their businesses, each form of company caters to its own unique needs.
– Free Zone Company (FZCo): AED 5,000 one time
– Free Zone Establishment (FZE): AED 5,000 one time
– Branch of a Company: AED 5,000 one time
The main industries in the Jebel Ali Free Zone are,
The following documents are required for each individual in order to form a company in JAFZA:
In the free zone, a company is permitted to apply for more than one business establishment. Even though the stockholders of each company might be the same person, they would each be recognized as a distinct company name. The number of companies that can be created under Jafza with comparable shareholders is unlimited.
It is not possible for JAFZA to move a business from Dubai's mainland to a free zone. However, you have the option to dissolve the mainland business and apply to JAFZA for a new company establishment and license. Following this action, you may continue issuing the required visas to directors, workers, and shareholders.
Another option is to establish a branch of a company in JAFZA, keeping the parent company on the mainland.
Every license that has been issued at JAFZA has a one-year expiration date. A license needs to be renewed annually starting on the day it was issued.
Before 2017, FZCO firms with two owners had to have a minimum share capital of AED 500,000, whereas Jafza FZE companies had to have a minimum share capital of AED 1,000,000.
This is no longer required. JAFZA requires a company to have share capital sufficient for the operations for which it is licensed, but it does not set a minimum share capital requirement for a FZE or FZCO. According to the UAE Commercial Companies Law, this is ideal.
