Jebel Ali Offshore

Accelerating your business growth

About Jebel Ali offshore

Jebel Ali offshore companies are registered with Jebel Ali Free Zone (JAFZAA) situated in the Emirate of Dubai, United Arab Emirates. Jebel Ali Free Zone is the oldest and most respected free zone in the United Arab Emirates. It follows a mature legislative framework and international best practices for setting up free zone and offshore companies.

Features of Jebel Ali offshore companies

• Oldest and most respected free zone
• No taxation
• 100% ownership by foreign nationals
• Own shares in UAE companies
• No paid-up capital
• No accounting and audit requirements
• No restrictions on nationalities
• Hold property in Dubai
• Bank accounts in the UAE and all over the world
• No limit on capital expatriation
• Registered address in Dubai

Licensing and Permitted Activities

Unlike an operating company with a business license that is incorporated in the UAE, whether incorporated in JAFZA, the UAE mainland jurisdiction, or other free zones, the JAFZ offshore company is not issued with a business license at the time of incorporation. Rather, the offshore company only receives a certificate of incorporation. Other corporate documents for the offshore company will include a memorandum and articles of association.

Because a business license is not issued, the offshore company cannot conduct any commercial activity with persons within the UAE. However, as commercial activities conducted outside the UAE are not subject to UAE law, the offshore company may conduct commercial activities outside the UAE.

Whilst the JAFZA offshore company is not permitted to conduct any type of business or activity in the UAE, it does, subject to JAFZA Authority’s approval and the Dubai Land Departments’ current policy, retain the right to acquire freehold property within specifically designated areas in Dubai.

A JAFZA offshore can also act as a holding company by way of acquiring shares in UAE mainland companies and other free zone companies, as well as, subject to the applicable bank policy, opening a bank account, pledging its shares, and securing loans and other finance facilities.

Process for Jebel Ali offshore company formation

Step 1 – Company name reservation
We will prepare the Application form for company formation and the Memorandum and Articles of Association for your new offshore company.

Step 2 –Sign company documents
You will visit Jebel Ali Free Zone offices with us to sign the company documents. If you are overseas, you can appoint us as the power of attorney to represent you at the signing.

Step 3 – Company registration
Once the company documents have been signed by you, we will proceed with submitting the documents to Jebel Ali Free Zone for the registration of your new Jebel Ali offshore company. The prescribed time frame for the registration of the company at this stage is approximately 3-7 working days.

Step 4 – Bank account process
You may start the bank opening process with a bank. The process of opening of bank account could take up to 15 days or more on a case-by-case basis. You will need to meet the requirements of the bank in order to open your offshore company’s bank account.

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