JAFZA Offshore Company Setup

In 1985, the Jebel Ali Free Zone Authority, or JAFZA, was created. It is situated in an industrial sector close to the Jebel Ali Port and is entitled to some free zone benefits, such as tax exemptions. These businesses are eligible for import or export levies and 0% personal income tax. A JAFZA offshore company must have at least one shareholder and two directors, a secretary is required, and annual reporting is one of its key characteristics.However, there is no set amount of cash needed to create a firm in Dubai's JAFZA Free Zone. Jebel Ali is ideally situated close to well-known locations including Al Maktoum International Airport, Dubai, and Abu Dhabi. In 2009, the Offshore Company was established by the Jebel Ali Free Zone Authority (JAFZA) in partnership with the Dubai Government. The Jebel Ali Free Zone Offshore Companies Regulations of 2003 apply to these businesses. World-class facilities, infrastructure, and excellent logistics are all features of JAFZA Offshore Company Formation in Dubai.

Permitted Activity

  • To ensure Contact with Professionals including legal consultants, lawyers, accountants, and auditors
  • To hold and participate in shareholders and Directors meetings in the UAE
  • To hold lease of property for use as a registered office or own real property in the Palm Islands or Jumeirah Islands or any property owned by Nakheel Company LLC or any other real property approved by authority.
  • To open a Bank in the UAE to conduct routine operational transactions.
  • To become shareholders of Freezone & LLCs.

Benefits of setting up a JAFZA Offshore Company in Dubai

  • These companies enjoy Asset Protection
  • 100% anonymity, confidentiality, and privacy in operations.
  • Ease of business operations & control.
  • 100% Foreign Ownership
  • Exemption from corporate tax for 15 years
  • Exemption from personal, corporate, and professional taxes.
  • Can enjoy profit Maximization and tax minimization.
  • Non-requirement for filling Annual Audit Reports.
  • No Minimum capital requirement.
  • Protection of investments.
  • Can open Corporate Bank account in multi-currencies
  • Does not fall within the ambit of VAT
  • Private Company Formation