How To Start Offshore Company Setup In JAFZA?

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OFFSHORE COMPANY SETUP JAFZA

The Jebel Ali Free Zone Offshore Companies Regulations 2003 is the statutory framework that governs the incorporation and ongoing governance for JAFZA companies.

 

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ADVANTAGES

  • 100% foreign ownership
  • Zero taxes and duties
  • Only company permitted to own immovable property in Dubai
  • Can do business elsewhere in the UAE with the appropriate license
  • Legalization of company documents not required when used in the UAE
  • Shareholders need not visit Dubai to set up the Company
  • A JAFZA company can hold bank accounts in the UAE.

INCORPORATION

From the date of submission of the incorporation documents, it takes 4-5 working days for the JAFZA Criminal Investigation Department to complete its due diligence investigation of the proposed Shareholders, Directors, and Secretary.

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Mainland Company Setup

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Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space