JAFZA Offshore Company
What is JAFZA Offshore Company?
JAFZA Offshore Company is one of the unique types of companies in Dubai. An offshore company is established outside of its original jurisdiction and can be set up in some of the free trade zones of UAE.
Although registered inside a UAE free zone, all the activities of the free zone offshore company must be outside of UAE. It is entitled to have a bank account in Dubai but is not permitted to have a real office in the Emirate. An offshore company can only receive a Certificate of Incorporation from the Free Zone it is established and not a business license as they are not allowed to carry out any business within the Emirate.
An offshore company differs from an onshore company on the grounds that:
|Onshore Company||Offshore Company|
|Can conduct business within UAE||Must conduct business outside of UAE|
|Can have a real office in UAE||Not permitted to have a physical office|
|High cost of Company Formation||Low cost of company formation|
|Mandatory auditing of financials||No audit is required|
|UAE residence visa can be obtained over an Onshore Company||Non availability of UAE residence visa|
An important thing to remember while forming your offshore company is that you must maintain an approved local Registered Agent. A local registered office is also required and is usually provided by the Registered Agent.
Offshore Company Formation in Jebel Ali Free Zone (JAFZA)
Jebel Ali Free Zone (JAFZA) is one of the rapidly growing free zones in Dubai.
Its business friendly rules and regulations coupled with world class infrastructure is an attractive destination for offshore company formation in Dubai.
JAFZA offshore companies are formed as non-resident entities, having corporate legal entity and 100% foreign ownership.
A JAFZA offshore company is used for a multitude of activities some of which includes:
- Opening of an offshore Bank Account in Dubai
- Purchase of Real Estate
- Holding Company
- Purchase of free hold properties in Dubai which are approved by JAFZA
- To minimize tax
- Estate planning
- Protection of Assets
JAFZA Offshore companies are used as holding structures as they can hold shares in a UAE resident company and also hold real estate in the UAE.
In fact, the only way one can hold real estate in the name of an offshore company in the UAE is through a JAFZA Offshore.
Such companies can also avail of basic banking facilities from UAE-based banks.
What are the benefits of offshore company formation in JAFZA
- 100% foreign ownership of the company
- Offshore companies in JAFZA can own properties in Dubai
- Full repatriation of capital and profits are allowed
- No corporate and personal tax for JAFZA offshore companies
- The cost of setting up a JAFZA offshore company is comparatively low
- No annual reports or accounts need to be filed for a JAFZA offshore company.
- JAFZA offshore companies can easily open a bank account in Dubai
- Complete anonymity and privacy of the offshore investors
How KPI team will help you in setting up your offshore company in JAFZA?
KPI is an approved registered agent for offshore company formation in JAFZA. We will be pleased to help you in setting up your offshore company in JAFZA.
KPI team with decades of experience in the process of onshore and offshore Company formation in UAE will help you and provide you turn key, hassle free solutions. Right from assessing your requirements to getting your business started we will be there for you; we will be there with you during the entire process. That means we do all that takes to successfully form your offshore company in JAFZA.
As your offshore registered agent KPI will,
- Provide a registered office.
- Complete the entire documentation and the process required for obtaining the Certificate of Incorporation for your offshore company.
- Provide assistance in opening a bank account.
Want to form your offshore company in JAFZA?
KPI is a JAFZA offshore Company registered agent. Let the experts at KPI make it easy for you
|Company Type||Offshore Company
Note: The name for a JAFZA offshore company will end with the word “Limited”
|Share Capital Required
||Minimum of USD 2,720|
|Registration Fees (One Time)||USD 2745|
|Annual Renewal||USD 680|
|Other Costs||USD 200|
Following documents are required for JAFZA offshore company setup
*(N&A)* be Notarized and Attested by UAE Embassy
Shareholders and Directors REQUIRED to sign the Company Documents