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JAFZA is one of the fastest growing freezones of Dubai with its own set of regulations, and was created for the express purpose of attracting foreign investment. The Jebel Ali Free Zone (JAFZA) Offshore companies are non-resident companies with special status and are formed under the JAFZA Offshore Companies Regulations enacted on 15. 1.2003.
Also Read: Why you Should Set up Your Company in JAFZA?
At the outset, this freezone was set up to become a global business hub. With its solid infrastructure and strategic location, JAFZA is an attractive proposition for offshore company formation Dubai. Here entrepreneurs can register offshore company in Dubai and also free zone companies with licenses to operate. Though licenses are mandatory for doing business anywhere in the UAE, offshore companies do not require an operating license as they cannot conduct trading, manufacturing or business within the Emirates.
So why are investors happy to setup offshore company in JAFZA? Let’s take a look at the special advantages offered by this special economic zone:
These are the steps for offshore company registration in the Jebel Ali Free Zone:
The Memorandum, Share certificates, fees and application forms signed by the shareholders, secretary and directors is submitted in the presence of the shareholders.
If the Registrar is satisfied that everything is in order, the company is registered in three days.
Offshore company incorporation Dubai JAFZA can be done as limited liability companies. The companies can be formed with a single shareholder, and there is no limit on the maximum number. The company should have ‘limited’ as a suffix to its name.
Companies have to pay a one-time registration fee of AED 10,000 and an annual fee of AED 2,500 to renew it. Land and office space is provided at reasonable rates and easy terms of renewal.
Offshore companies setup in JAFZA can engage in the following activities apart from those mentioned before:
Here is an infographic that accompanies the article about JAFZA offshore company formation:
(Click infographic to enlarge.)