Jebel Ali Free Zone
Set Up Your Offshore Company in the RAK ICC, JAFZA, or Ajman Free Zone
Jebel Ali Free Zone
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Benefits of Setting Up Your Offshore Company
Confidentiality and Privacy
Offshore companies in the UAE are not obligated to disclose financial information or the personal details of directors and shareholders in public records. Additionally, these businesses are not required to undergo audits.
Reduced Liabilities
Offshore companies offer significant protection for their assets and possessions in legal matters. They provide a safeguard for investors’ assets, establishing a legal barrier between the company’s resources and any external entities.
Gateway to Global Expansion
Establishing a UAE-based offshore company instantly lends credibility to a business, fostering opportunities for international partnerships and activities. It also facilitates the opening of UAE bank accounts, providing access to multiple currencies and global financial transactions.
Tax Benefits
As of 2023, the UAE has a corporate tax rate of 9%. However, offshore companies, which are not permitted to conduct business within the country, are exempt from this tax, offering a notable fiscal benefit.
Establishing an Offshore Company
Based on your business requirements, you have the option to establish an offshore company in one of these three jurisdictions:
- Ras Al Khaimah International Corporate Centre (RAK ICC)
- Jebel Ali Free Zone (Jafza)
- Ajman Free Zone
Jebel Ali Free Zone (JAFZA)
JAFZA is home to a diverse range of companies, including those in logistics, electronics, automotive, food & agriculture, and e-commerce sectors. This zone draws nearly 25% of Dubai’s foreign direct investments and provides several advantages.
Included Benefits:
- Unique in permitting offshore businesses to own property legally in Dubai.
- Flexibility for directors to be different from shareholders.
- No requirement for a physical office presence.
- Enables offshore company owners to hold shares in other UAE free zone companies and LLCs.
- Streamlined and straightforward company registration process.
Types of Offshore Companies in JAFZA
Contrary to mainland and free zone companies that receive business licenses, offshore companies in the UAE are granted certifications to manage UAE-based firms. This distinction arises because offshore companies are not authorized to operate within the UAE itself, hence they are not issued traditional business licenses.
Based on your specific business requirements or activities, the following are the types of companies or activities suitable for an offshore company:
Requirements for Establishing an Offshore Company in JAFZA
The process and prerequisites for setting up an offshore company in JAFZA (Jebel Ali Free Zone Authority) vary based on the location and method of formation. The following documents are required:
Steps
1. Application for Certificate of Incorporation
2. Passport Copy of Each Shareholder
3. Curriculum Vitae of Shareholders
4. Bank Statement: The company’s bank statement for the last six months
5. Certificate of Good Standing
6. Proof of Residency: Latest utility bill for individual shareholders as proof of residency
7. Additional Documents for Corporate Shareholders: Board Resolution granting Power of Attorney, Memorandum of Association (MOA), Articles of Association (AOA), Certificate of Good Standing
Expenses for Establishing an Offshore Company in Jafza
The cost of forming an offshore company in the UAE varies depending on the selected option. Factors such as the nature of business activities, the number of shareholders, requirements for office space, and other specific considerations also influence the overall expense.
While the cost to establish an offshore company in JAFZA (Jebel Ali Free Zone) can vary, the average fee is approximately AED 18,000. To get a tailored estimate of your offshore company formation cost, please inquire further.
Obtain an estimated cost for forming your offshore company.
Discover Monthly Payment Options with Our Partner Banks
Transform your transactions into manageable and budget-friendly monthly installments through our network of banking partners. By spending a minimum of AED 1,000 with your credit card from any participating bank, you can opt to repay in convenient installments over a 12-month period.
* Please note that the general terms and conditions set by the banks will apply.
Steps to Follow
Initial Purchase: Use your credit card to make a minimum purchase of AED 1,000 for any service offered by Creative Zone.
Contact the Bank: Reach out to the banking services of any of our partner banks and request the conversion of your transaction into an Easy Payment Plan.
Flexible Duration: Choose a repayment period of 3, 6, 9, or 12 months as per your convenience.
Guide to Establishing Your Offshore Company in JAFZA
Vip Zone provides full guidance and support to streamline the process of setting up an offshore company in the Jebel Ali Free Zone (JAFZA).
Steps:
1. Choose Your Company Name and Activities
Start by selecting suitable activities for your Jebel Ali Free Zone offshore company and a company name that is culturally respectful and avoids any religious or political sensitivities.
2. Appoint a Registered Agent
In JAFZA, offshore companies must engage registered agents to manage communications and administrative tasks related to dealings with the JAFZA authority.
3. Draft the MOA & AOA
The Memorandum of Association (MOA) and Articles of Association (AOA) are critical documents that are rigorously reviewed by JAFZA authorities. Ensure these documents are prepared in English.
4. Submit Necessary Documents
Along with the MOA and AOA, gather and submit all required documentation for license approval.
5. Open a Corporate Bank Account
After completing the aforementioned steps, open a corporate bank account in the UAE to facilitate your business transactions.
