JAFZA Offshore Business Formation in Dubai

For businesses, the UAE is one of the most perfect locations in the whole world. The attractive tax benefits make the UAE the first choice of foreign investors for business. It provides many opportunities to individuals who want to start their businesses in the country.

Jafza is Dubai Port (DP), the world’s flagship free zone set up in 1985. If you compare Jafza with UAE’s other free zones, this is the fastest-growing and largest free zone. It has the 7th largest container port, Jebel Ali Sea Port.  

A List of Permitted Activities in Dubai for Offshore Company Formation in JAFZA (Jebel Ali Free Zone)

Dubai has developed an empire that enables all workplaces to explore and thrive, whether offshore, in a free zone, or on the mainland. They permit various activities, and the most significant part is that everything is fully controlled, perfect, and inclusive to benefit all stakeholders. Setting up an offshore firm in JAFZA is also relatively inexpensive. It’s no surprise that Dubai is regarded as an excellent commercial location. When it comes to offshore operations, the emirate allows for a wide range of them.

• Holding firm – You may utilize your offshore firm as a holding company to manage your operations more efficiently.
• Invest in Property – Property ownership is possible via your offshore corporation.
• International Trading – You may conduct trading operations with your offshore business in JAFZA. 
• Professional Services – You can carry out professional services worldwide using your offshore company in an offshore location.
• Intellectual Property Rights – Under the name of your offshore firm, you may register trademarks, patents, and copyrights and acquire and sell copyrights.

Process of Dubai Offshore Company Formation – JAFZA(Jebel Ali Free Zone)

When all of the documentation is in order, establishing a JAFZA firm becomes much more straightforward. Setting up is easier with the following guidelines in place.

Select a Name: Once you’ve decided on a company activity, adopt a good name and make sure you meet the naming requirements.

Please Provide Relevant Documents: Once all the completed forms are completed, sign them and submit them for license approval and further action.

Articles of Association and Memorandum of Association: Present the MOA and the AOA in English. The authority then evaluates the documentation and authorizes it based on its integrity.

Bank Account Opening: Once you’ve completed the preceding procedures, create an offshore bank account to facilitate commercial transactions.

Upon completion of the papers, establishing a Dubai offshore business takes 6-7 working days. Keep the qualifications in mind to help the procedure go more smoothly.

Advantages of Offshore Company Formation:

• Foreigners may entirely own the offshore company.
• A UAE national does not necessarily need to be a shareholder or sponsor.
• A firm may own real estate on the Palm Islands or any other region approved by the JAFZA.
• There is no publicly available corporate officer registry. There is no requirement to divulge the name while registering a company.
• Maintain several currency bank accounts.
• The corporation is not obligated to maintain books or records.
• Current offshore legislation.
• The offshore organization will be exempt from corporate and individual income taxes.
• Foreign currency is not restricted.
• Offshore firms’ revenues and funds are entirely returned.
• There are no workers or related costs since there is no need for an onshore office.
• It is legal to avoid paying certain income and profits taxes.
• Setting up an offshore business needs very little money.
• There is just one shareholder or director.

Bizvisor can help you with the above Jafza offshore business formation process. The entire process requires time and effort, and as a business owner, you might need more time to spend valuable time on such activities. At Bizvisor, we can provide complete support from start to finish. Call us at +971 56 496 0040 to make the JAFZA Offshore business formation process in Dubai hassle-free and affordable.