Established in 1985, the Jebel Ali Free Zone in Dubai is one of the oldest free zones in the UAE. It is built and developed around the largest artificial port in the world to help businesses establish trading activities in global markets in the Middle East region, the CIS, the Indian Subcontinent, and Africa because of their strategic location. All the business registration, processing, and activities in the Jebel Ali Free Zone are regulated by the Jebel Ali Free Zone Authority (JAFZA).

The Jebel Ali Free Zone Authority (JAFZA) has introduced regulations for offshore company formation in the free zone in the year 2003 as per the international offshore regulations. Foreign investors can establish an offshore company as a non-resident company and a corporate legal entity in Dubai.

Types of JAFZA Offshore Company 

• General Trading Company
• Investments Company
• Shipping Company
• Holding Company
• Patient or Copyright Company
• Real Estate Company for Buying Property

Benefits of JAFZA Offshore Company Formation in Dubai 

The offshore company formation in the Jebel Ali Free Zone comes with many benefits for foreign investors due to its overseas status and political and economic stability in the UAE. Key benefits of JAFZA offshore company formation in Dubai include:

• 100% foreign ownership
• Total tax and duty exemption
• Repatriation of profits and capital
• Asset protection
• Complete anonymity and privacy in business operations
• Exemption from filing audit reports
• No Minimum capital requirement for company formation
• No currency restrictions for trading in global markets
• No need to set up a physical office
• Low registration and operational cost
• Protection of investments
• Corporate bank account in a bank in Dubai
• High repute among international business communities and financial authorities

Offshore Company Formation Requirements in the Jebel Ali Free Zone

For JAFZA Offshore Company Formation in Dubai, investors need to follow a tailored business registration process as per the free zone guidelines and regulations. They are required to meet certain requirements before submitting their business registration application along with mandatory documents. To establish a JAFZA Offshore Company in Dubai, one needs to follow the following requirements:

• There must be at least one shareholder (either corporate or individual)
• There must be at least two directors in the company
• There must be a company secretary (a UAE resident) 
• Bearer shares are not allowed for offshore company structure

Document Required for JAFZA Offshore Company Formation in Dubai

Every investor needs to submit the following documents along with their applications to complete the company formation process in the Jebel Ali Free Zone in Dubai. All the documents must be notarized and attested from the UAE embassy.

Mandatory documents for an individual applicant

• A CV of the shareholder (s)
• A bank reference letter
• Passport copies of all the shareholders in the company
• A copy of visa or UAE entry stamp page
• Proof of residence

Mandatory documents for corporate shareholders

• Certificate of incorporation
• Articles of Association and MoA of the Parent Company
• A board resolution authorizing offshore company formation in Dubai
• Certificate of company profile showcasing its good standing

At Socialite Consultancy Services, we have years of experience in application processing and the establishment of JAFZA Offshore Company Formation in Dubai through a professional approach and hassle-free solutions. We help every investor throughout the company formation process from start to end as per the nature of your business activities. Contact us to know more about offshore companies in Dubai and discuss your requirements.