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Setting Up A New Offshore Company in Dubai

Company Setup in JAFZA Offshore Dubai

Are you considering setting up an offshore company in Dubai? With its strategic location, business-friendly environment, and tax benefits, Dubai is an ideal destination for entrepreneurs looking to establish an offshore entity.

Offshore Company Setup in JAFZA Dubai

Jebel Ali Free Zone is one of the rapidly expanding free zones in the UAE. Its proximity to the Jebel Ali Port, the largest man-made port in the world, makes it a location of strategic importance. Housing more than 120 of Fortune-500 companies and over 7000 companies, the Jebel Ali Free Zone has emerged as one of the most sought-after destinations to kick-start manufacturing and trading companies. JAFZA is the largest free zone in the world and the first in the UAE.

In 2003, JAFZA became the first free zone to introduce offshore company formation to lure domestic and foreign investors. It offers a plethora of benefits to offshore companies including a state-of-the-art infrastructure. It is the only offshore company available for purchasing properties and real estate in Dubai.

Features of JAFZA Free Zone in Dubai

To start a company in JAFZA offshore, it must comply with the norms and requirements listed under Jebel Ali Free Zone Authority Offshore Companies Regulations. Listed below are some of the essential features that your company must follow:

Benefits of Offshore Company Formation in Dubai

Setting up an offshore company in Dubai offers a range of benefits, including:

1. Tax Advantages

Offshore companies in Dubai are not subject to corporate or income tax, making it a cost-effective option for doing business.

2. Asset Protection

By establishing an offshore company, you can protect your assets from potential legal disputes or creditors.

3. Confidentiality

Offshore companies in Dubai offer a high level of confidentiality, as the names of company shareholders and directors are not publicly disclosed.

4. Global Market Access

Dubai's strategic location provides easy access to markets in the Middle East, Africa, and Asia, offering ample opportunities for business expansion.

How to Set Up an Offshore Company in JAFZA Dubai

  1. Choose a Business Consultant: The first step in setting up an offshore company in JAFZA Dubai is to hire a reputable business consultant who can guide you through the process.
  2. Select a Business Activity: Decide on the nature of your business activities and ensure they comply with the regulations set by the Dubai government.
  3. Register Your Company: Submit the necessary documents and fees to the Dubai Economic Department and obtain the required approvals.
  4. Opening a Bank Account: Once your company is registered, you can open a bank account in Dubai to start conducting business transactions.

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Legal Requirements for Offshore Company Setup in JAFZA Dubai

Before you can set up an offshore company setup in Dubai, you need to ensure that you meet the following legal requirements:

1. Choose a Business Activity

Decide on the type of business activity your offshore company will engage in, as this will determine the type of license you need to obtain.

2. Select a Company Name

Choose a unique name for your offshore company that complies with the naming guidelines set by the Dubai Department of Economic Development (DED).

3. Appoint a Registered Agent

You are required to engage the services of a registered agent who will act as your company's representative in Dubai.

4. Submit Documents

Prepare and submit the necessary documents, such as the company's memorandum and articles of association, to the relevant authorities for approval.

5. Obtain a License

Obtain the appropriate license for your offshore company from the DED, which will allow you to conduct business legally in Dubai.

Steps to Setup an Offshore Company in JAFZA Dubai

Setting up an offshore company in Dubai involves the following steps:

1. Choose a Business Structure

Decide on the most suitable business structure for your offshore company, such as a Free Zone Company or a Mainland Company.

2. Select a Jurisdiction

Dubai offers several offshore jurisdictions, each with its own unique features and benefits. Choose the jurisdiction that best suits your business needs.

3. Engage a Business Setup Consultant

It is advisable to engage the services of a reputable business setup consultant who can guide you through the process of offshore company formation in JAFZA Dubai.

4. Open a Corporate Bank Account

Once your offshore company is registered, you will need to open a corporate bank account in Dubai to conduct business transactions.

5. Obtain Permits and Licenses

Depending on the nature of your business, you may need to obtain additional permits and licenses to operate legally in Dubai.

Why Choose Us

Neeja Corporate Services is one of the leading consultants and solution providers for licensing, business incorporation, and other related activities. With the right set of expertise and experience, we help entrepreneurs and business owners acquire licenses and registration in a short span of time.

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FAQ - Frequently Asked Questions on Company Setup in JAFZA Dubai

Offshoring refers to the business activities that companies undertake outside their home base. Offshore companies in Dubai are those that are registered as business entities in Dubai but are allowed to base themselves in locations that are outside Dubai. You are allowed to start an offshore company in Dubai as individual shareholders or corporate shareholders.

JAFZA is the only free zone that allows offshore companies to purchase and own properties and real estate in Dubai. Such offshore companies are allowed to hold shares of both free zone and LLCs. The Jebel Ali Free Zone Authority allows individual shareholders and corporate shareholders to incorporate an offshore business. The shareholders and directors must appear physically before the registrar while submitting the application. It does not allow corporate directors and requires a minimum of two directors.

To setup a company in JAFZA offshore, following are the basic steps.

  • Pick a name for the company
  • Talk to our company formation experts.
  • Complete the application form.
  • Curate the required documents needed for the process.
  • Appear physically and sign the application under the witness of the registrar.
  • We will also help you open a bank account.
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