Offshore
JAFZA Offshore Company Formation
Offshore Establishment
JAFZA Offshore
Dubai is known as the business capital of the Middle East, thanks to its liberal economy, cosmopolitan culture, the presence of special economic zones, and its strategic location. Realizing the importance of attracting foreign investment early on, Dubai’s progressive Government and the Jebel Ali Free Zone Authority (JAFZA) on January 13, 2003, introduced Jebel Ali Free Zone Offshore Companies Regulations or the JAFZA Offshore Regulations. This provided international companies the opportunity for offshore company registration in Ras Al Khaimah and Jebel Ali Offshore, and experience sustainable development & operational transparency while enjoying all the benefits of a tax haven.
Offshore companies can engage in the following activities after JAFZA offshore company registration:
- Interacting professionally with legal consultants, lawyers, accountants, and auditors
- Holding meetings with shareholders and directors
- Opening worldwide branches or representative offices
- Holding shares of a LLC incorporated in Ras Al Khaimah or any other part of UAE
- Holding shares in an entity other than its own, within or outside UAE, or within the UAE Free Zones
JAFZA Offshore Company Formation
Forming offshore company in Ras Al Khaimah and UAE has always been an attractive business proposition, as UAE is not dependent on any other country and has Double Taxation Avoidance Agreements (DTAA) with Dubai and other 40 countries. Therefore, JAFZA offshore company formation was a smart investment from the outset.
Setting up a business in Jebel Ali Free Zone requires minimal paperwork and is seamlessly handled by the Zone authorities. Jebel Ali Free Zone Authority permits formation of non-resident companies and special status offshore companies in Ras Al Khaimah as a corporate legal entity with individuals or corporate as shareholders. It’s mandatory for each offshore company to appoint a UAE resident as a Secretary, who may also hold the position of the Director. There should be a minimum of two Directors in a company.
Following legal entities are permitted to do businesses in JAFZA in one of the industry segments like assembling, logistics, service manufacturing, or trading, as a –
- Free Zone Company
- Free Zone Establishment
- Branch of a Foreign Company
- Branch of a Local Company
JAFZA or Dubai offshore company formation involves three simple steps:
- Submitting your application
- Selecting the registration, products, and payment of fees
- Receiving licenses and products
Why Should You Opt for JAFZA Offshore Company Formation?
Offshore company incorporation in Ras Al Khaimah is a lucrative investment decision and a dream come true for foreign investors due to several advantages this tax haven offers. Here are few reasons which make Jebel Ali Free Zone or JAFZA one of the fastest growing investment hubs in the United Arab Emirates:
- 100% foreign ownership
- 100% foreign ownership
- Assistance with accounting, banking, feasibility studies, insurance, legal matters, visas, etc.
- Complete anonymity, confidentiality and privacy in operations
- Ease of business operations and control
- Exemption from import and export duties
- Flexibility to open a bank account in the UAE
- Global hub for trading and manufacturing
- Guaranteed confidentiality of personal and corporate data
- Income and corporate tax exemption. Extendable up to 50 years
- Liberal government policies and overseas status
- No capital deposit is required
- No Minimum capital requirement
- No requirement to fill audit reports
- No restriction on capital and profit repatriation
- No restriction on currencies
- Political and economic stability of the jurisdiction
- Protection of investments and assets
