In 2003 it established its own company law regime allowing the establishment of offshore entities. Click on the freezone area you want to learn more about, or visit our freezones page for a full comparison. Jafza offshore company formation emirates chartered. What is the difference between free zone and offshore. Jebel ali free zone authority jafza company formation. Jebel ali free zone authority jafza also has an offshore domicile. Jurisdiction item details price indicative only usd aed jafza general trading license fees 8,174 30,000 general trading registration fees 2,725 10,000 insurance fees 27 100 service fees for telephonefaxinternet 27 100 company name board fees 6 500 p. Jafza had started its operation with a very limited number of companies and it reached now closer to ten thousand of companies including over 120 of the fortune global 500 enterprises. Jafza offshore company formation jafza company registration.
A jafza offshore company can conduct any business except banking, insurance or reinsurance. Purchase a property in dubai under jafza offshore company. If you want to learn more about establishing a representative office in the uae, check out the dubai representative office here. Jafza, under jebel ali free zone offshore companies regulations 2003, allows the formation of an offshore company by individuals or corporate bodies, as a non. Jafza offshore company agents of nex consultants, has been incorporating the companies in jafza with 100% foreign ownership authorization, no personal or corporate tax policies, no exchange control policies, etc. All you need to know about setting up an offshore company. Depending on the number of shareholders and the nature of business, jafza offers three formation types, a variety of license types, and license activities, allowing companies to connecting directly to a market of more than 3. An offshore company in jafza is now able to convert to a freezone company within jafza and continue operations as a jafza freezone entity.
The laws have been framed in a manner such that the authority maintains a clean image of the companies vis a vis international financial authorities. What are the benefits of forming a company in jafza offshore. The agents can also advise you about the best offshore company formation or even the lowcost offshore company formation or the cheapest offshore company formation available in the uae. Jafza is one of the fastest growing freezones of dubai with its own set of regulations and caters to the needs of foreign investors. If you are interested in setting up a dubai free zone company or jafza company formation then we are almost certain that your decision for company formation is as a result of the very attractive incentives and valueadded services that comes with its worldclass infrastructure which your company. As mentioned earlier, the jebel ali free zone authority permitted the formation of special status offshore companies or nonresident companies in dubai, having a corporate legal entity with individuals or corporate bodies as shareholders. Jebel ali free zone jafza uae company registration. Jafza company formation business setup in jafza jafza. Jebel ali free zone authority was established in 1985 as part of vision of his highness sheikh rashid bin saeed al maktoum. Further, on obtaining a certificate of incorporation, a bank account can be. Jafza jebel ali free zone authority is one of the fastest growing free zones in dubai. Jebel ali free zone jafza jebel ali free zone authority also known as jafza freezone, is one of the oldest and prominent free zones in whole of uae which was established in 1985. Jebel ali offshore company formation jafza offshore company.
The jebel ali free zone authority jafza, established in 1985, is the largest free zone operating in dubai. Jebel ali port and al maktoum international airport, which helps jafza to be the best in multimodal connectivity. Shuraa business setup is a registered agent for jafza and can offer you the best. Jafza is one of the most service driven and customer oriented free zones that offers a vibrant, dynamic working environment. Book a free consultation with our company formation experts. Any one or more persons may, by signing and delivering to the registrar an application for a certificate of incorporation, apply for the formation of an incorporated offshore company with limited liability. Jafza offshore company registration offshore company. It is now known as the worlds largest free zone with more than 7,000 companies from around 150 countries. Jafza offshore company formation jebel ali free zone.
Depending on the number of shareholders and the nature of business, jafza offers three formation types, a variety of license types, and license activities, allowing companies to connecting directly to a. Jafza introduced the opportunity of offshore company formation uae in 2003 under jafza offshore company regulations. Jafza offshore company agents of nex consultants, has been incorporating the companies in jafza with 100% foreign ownership authorization, no personal or corporate tax. Jafza offshore companies regulations 2018 jafza offshore companies regulations 2018 arabic resolution on offshore regulations 2003 resolution on. Business setup in free zones in dubai like the jebel ali free zone jafza has its many perks. Offshore company formation we are one of the top agents for offshore company formation in dubai. Jafza, which is home to thousands of companies from across the globe attracts more than 32% of the uaes foreign direct investment and it is undoubtedly the perfect location to establish your business.
Jafza offshore was among several uae institutions that participated in the forum, including the uae central bank and the sharjah chamber of commerce. It has an area of over 100 square kilometers and built around the largest artificial port in the world. Jafza, under jebel ali free zone offshore companies regulations 2003, allows the formation of an offshore company by individuals or corporate bodies, as a nonresident company, having a corporate legal entity. Offshore company incorporation dubai jafza can be done as limited liability companies.
Jafza offshore company incorporation is specialized services offered by offshore company advisers. A client can set up an offshore company here through one of the approved registered agents. New jafza offshore companies regulations new tools for. The free zone has evolved into a trade catalyst and a smart business community that offers unprecedented growth opportunities and market access. Dubai land department has banned the registration of property in the name of virtually all offshore companies or companies not registered onshore in dubai. Jafza offers a very streamlined process for investorsentrepreneurs to register an offshore company in jafza. Offshore company formation in dubai offshore company in. Recently, jebel ali free zone authority jafza has issued its new jafza offshore companies regulations, 2018 new regulations applicable to all the offshore companies formed with the authority and shall repeal and replace the jafza offshore companies regulations, 2003 old regulations. Who makes sure things are going according to book in jafza.
So you can incorporate an offshore company in dubai with the help of an agent who will submit your documents for you. Jebel ali offshore company 7 steps to form a company. An offshore company can legally minimize the tax obligations of a business and this is often the primary reason for incorporating a business offshore. There may be many reasons to register an offshore company, but the general benefits of utilising an offshore corporate structure include.
Jebel ali offshore is the perfect place to setup your business as it provides great connectivity within dubai and from other major emirates also, forming a company in jebel ali offshore involves minimal paper work. The companies can be formed with a single shareholder, and there is no limit on the maximum number. Jebel ali offshore consultant for uae free trade zone. Jafza offshore company formation jafza offshore company setup. Offshore company in jebel ali free zone in dubai, uae. Enforcement of offshore companys duty to make returns 45 1. Sitemap list of pages business services in the uae. Jebel ali free zone authority jafza jafz is one of the earliest free zone ever established in dubai. Jafza also provides residential facilities, labor camps, coldstorage facilities, and lands. Sep 20, 2012 if the developer and jafza both issue nocs to the land department authorising the registration in the name of the jafza offshore company, it is normal that the registration can be completed without charging an additional transfer fee, again provided that the ultimate beneficial owners of the new jafza offshore company are the same as those. Jafza company formation business setup in dubai sta law firm.
Jebel ali free zone jafza is the flagship free zone of dp world, and is an integral part of the dp world uae regions integrated business hub. Jafza company formation jafza business set up nex consultants. The rules of jafza will govern the conduct of the offshore entity. The next phase is the remittance of fees depending on the type of the company formation and once all the legal formalities are completed, your company gets registered with jafza. Visa position amendment is to obtain an entry stamp on the newly issued employment visa without exiting uae subject to gdrfa approval to be submitted as a separate service request under employee services other services amend visa position at dnrd in case of vip service package and applicant inside the country, visa position amendment will be processed internally by jafza. Please visit our free zone page to learn more on the business setup in jafza, jafza cost of formation, jafza land prices, warehouse costs and related features.
Jafza offshore company agents nex consultants 00971509330152. Conveniently located on the southwestern area of dubai. Wwfl, the registered agents with more than 15 years of service will assist you with company formation and registration processes in jafza. Regulations have been framed by the jebel ali free zone authority to. Offshore company registration in rakez, ajman, jafza, bvi. One or more individuals or companies are allowed to set up an offshore entity. Jafza company formation business setup in dubai sta. Jafza offshore opens door to an excellent global connectivity and promises outmost confidentiality. Dubai offshore company setup package includes one year rak offshore authority jafza offshore authority fees, jafza offshore registered agent servicesrak offshore registered agent services, registered office address in dubai, registered po box, bank account opening consultancy and uae offshore company legal documents preparation.
Cheapest dubai offshore company setup package in uae by. New regulations for jafza offshore companies 2018some key. The one exception to the offshore company ban is the jebel ali offshore company. That application must also fulfill these requirements. Jebel ali offshore exempts you from paying any tax. Jafza offshore company formation the jebel ali free zone was established in 1985 by the government of dubai. It promotes alliances with worldwide investors by providing them world class infrastructure supported with quality driven value added services and incentives, empowering them to capitalize on huge business opportunities in the region, in the most systematic way. Companies having valid registration and license outside jafza can apply for the formation of a branch company in jafza. Contact us for detailed information on jebel ali company setup. Jebel ali jafza offshore company formation aurion uae. As per free zone offshore companies regulations, the offshore company formation uae opportunity can be exercised in jafza by corporate bodies or individual investors, as a nonresident company having a corporate legal entity.
These may account for tasks like bank account opening, attestations, nominee fees, and registration with the jafz authorities. The company should have limited as a suffix to its name. The jafza offshore company allows the incorporator to enjoy 100% repatriation of capital and assets, with no limits on foreign exchange or capital movements inside or outside the country. List of business setup services choose the right business formation page company closing services pages visa assistance services pages from the list. It is indeed safe to suggest that all that glitters is, in fact, gold when speaking of investment climate that floats over dubai and the united arab emirates. Get in touch with a reputed jafza registered agent like ebs for the registration process. A jafza offshore company is a convenient way of setting up an offshore company, and carries with it the following benefits. The below fee table represents an estimation of jebel ali free zone company setup cost. Jebel ali offshore company formation jafza dubai company. Please invest 1 minutes of your time to watch the jebel ali offshore company video below. Jafza offshore company formation jafza company setup. Jafza offshore a fast expanding free zone in the entire mena region, jafza is a trade catalyst and offers a unique trade environment that promotes growth. Jafza offshore company formation jafza company setup hlb hamt.
From the very beginning, the rules and regulations that were set up in association with this offshore business region were meant to help international business. It is possible to hold dubai property and other assets in privacy through a dubai offshore structure. Jafza offshore company setup dubai business services. Shareholders a minimum of one shareholder is required and corporate shareholders are permitted. Jafza offshore executive will personally witness the signing of the application for the incorporation of the jafza offshore entity by shareholders. Dp world, the owner, announces fee cuts of 50% to 70%. The jebel ali offshore company jaoc is regulated in detail by jebel ali free zone authority offshore companies regulations of 2003 jaocregulations. Our consultants at hlb hamt can help you with the entire process, from necessary documentation and visa procedures to obtaining license and sorting out legal hurdles. Offshore company registration in dubai jafza offshore company. Home to several thousand businesses from more than 100 countries, jafza employs more than 1,35,000 and is still rising. Jafza offshore jafza offshore provides eligibility of holding property investments in uae under the corporate structure. Upon discretion of the registrar, inspection costs may be charged to any office. No audit offshore company does not required audit, accounting and book keeping for tax returns or renewal of the company.
Provision of 100% foreign ownership no restriction on the repatriation of capital or profits. Jebel ali offshore company formation the jebel ali free zone authority, also known as jafza, is a leading center for jebel ali offshore company formation in uae that was formed in 2003. Jafza offshore company agents nex consultants 00971. Jafza offshore company registration offshore company formation.
The jafza free zone company allows the incorporator to enjoy 100% repatriation of capital and assets, with no limits on foreign exchange or capital movements inside or outside the country. Offshore company may be used as a holding company for a multitude of activities which may include holding freehold properties in dubai as approved by jafza, tax mitigation, estate planning and asset protection. Jafza free zone is a freezone authority in dubai which has another business wing named jafza offshore which is also known as dubai offshore. Jafza, the trade catalyst, has evolved into a unique. As mentioned earlier, the jebel ali free zone authority permitted the formation of special status offshore companies or nonresident companies in dubai, having a corporate legal entity with individuals or corporate bodies as shareholders features and regulations of jebel ali offshore. If you are setting up an offshore, jafza company setup cost will slightly differ depending on the registered agent you choose. Business set up get direct access to a market of over 3. Starting from 1 january 2011, the land department in dubai will only register properties in the name of offshore entities registered as such with jebel ali free zone authority jafza.
When jafza was formed in 1985 with total member companies of 19. Nonresident companies are often tax exempt or enjoy low levels of taxation depending upon the country. An offshore company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction andor the location of its ultimate ownership. Company formation in dubai jebel ali free zone jafza. Offshore companies in uae should not be confused with uae free zone companies. With the introduction of the regulations for jebel ali free zone offshore companieson 15 january 2003, international business community can establish offshore entities at jafz, in line with other. Review all the essential requirements of your business activities to suggest the off shore where. Registrar may strike defunct offshore company off register 46. Offshore company formation in dubai offshore company in dubai. First, contact a reliable jafza authorized agent for the business registration in dubai process an application for certificate of incorporation will be signed and submitted to the registrar of jafza for the formation of an incorporated offshore company with limited liability. It has an area of over 100 square kilometers and built around the. If you want to learn more about establishing a representative office in. Jafza, under jebel ali free zone offshore companies regulations 2003, allows the formation of an offshore company by individuals or. As can be seen, the new regulations proposed by the jebel ali freezone are a significant step forward towards protecting foreign investments by reflecting the authoritys.
The jebel ali free zone authority jafza, in conjunction with the dubai government, introduced the offshore company in 2003 under the jebel ali free zone offshore companies regulations 2003. It permits companies to enjoy special honors of the free zone like. After its establishment in 1985, jebel ali free zone jafza has achieved lot of fame and success. Jafza is the leading business hub of the middle east. Offshore company formation jafza business setup services.
The united arab emirates uae gives you many choices when it comes to setting up a business. Dubais jebel ali free zone licence fees cut property gulf news. Jafza offshore company formation jafza offshore company. Jebel ali free zone authority jafza is often known for its location, flexibility, and reasonable costs for business setup in dubai. Jafza offshore company best option for the holding. There are numerous benefits of jafza offshore company setup such as 100% foreign ownership, no limits on foreign exchange, 100% confidentiality and.