Jebel Ali Freezone (JAFZA) Offshore
JAFZA Offshore Company - Setting Up Your Business in Dubai
JAFZA offers two types of offshore company setups – JAFZA Offshore and JAFZA International Offshore. Both offer a range of benefits that make them a popular choice for businesses looking to establish a presence in the UAE.
Jebel Ali Free Zone Authority (JAFZA) is one of the largest free zones in the world and is located in Dubai, United Arab Emirates. The JAFZA Offshore Company is a popular choice for businesses seeking to establish a presence in the UAE due to its many advantages.
One of the main advantages of a JAFZA Offshore Company is that it offers 100% foreign ownership, allowing investors to have full control over their business operations.
Additionally, there is no requirement for a physical office in the UAE, making it an ideal option for companies that operate remotely.
Another benefit of a JAFZA Offshore Company is that it provides access to the UAE’s robust banking system and allows for easy repatriation of funds. This is important for companies that need to move money in and out of the UAE quickly and efficiently.
JAFZA Offshore Companies are also exempt from paying taxes on income, capital gains, and dividends. This makes it a cost-effective option for businesses that want to keep their overheads low and maximize profits.
In terms of setting up a JAFZA Offshore Company, the process is relatively straightforward. The minimum share capital requirement is AED 10,000 (approximately USD 2,700), and there is no requirement for an auditor or annual financial statements.
Benefits of Setting Up a JAFZA Offshore Company:
1. Tax-Free Environment: JAFZA offshore companies are exempt from corporate tax, income tax, and other taxes that are typically imposed on businesses.
2. 100% Foreign Ownership: JAFZA offshore companies can be fully owned by foreign nationals and do not require a local partner or sponsor.
3. Flexible Business Structure: JAFZA offshore companies can be set up as a Limited Liability Company (LLC) or a Free Zone Establishment (FZE).
4. Easy Incorporation: The process of incorporating a JAFZA offshore company is quick and straightforward, with a minimum requirement of one shareholder and one director.
5. Asset Protection: JAFZA offshore companies provide strong asset protection and confidentiality, as shareholders’ details are not publicly disclosed.
6. Business-Friendly Environment: JAFZA provides a business-friendly environment with world-class infrastructure, including a dedicated customs center, state-of-the-art telecommunication facilities, and modern office spaces.
7. Access to UAE Markets: JAFZA offshore companies can do business with UAE companies and individuals and can also own property in Dubai.
JAFZA International Offshore Company:
Additional Features of JAFZA International Offshore Companies:
1. Multicurrency Bank Accounts: JAFZA International Offshore Companies can open multicurrency bank accounts in any currency of their choice.
2. International Operations: JAFZA International Offshore Companies can operate globally, making them a popular choice for businesses with international operations.
3. Low Capitalization Requirements: JAFZA International Offshore Companies have a low capitalization requirement of AED 1,000,000 (approximately USD 275,000), making them more accessible to small and medium-sized businesses.
4. Diverse Range of Activities: JAFZA International Offshore Companies can engage in a wide range of activities, including investment and holding activities, consultancy services, and international trading.
Setting up a JAFZA Offshore Company:
Setting up a JAFZA Offshore Company is a straightforward process that can be completed in a few simple steps:
1. Choose a company name and obtain initial approval from JAFZA.
2. Submit the required documents, including the shareholders’ and directors’ passport copies, proof of address, and bank reference letter.
3. Sign the company formation documents and submit the application to JAFZA.
4. Once approved, receive the company registration certificate and commence business operations.
Why Choose Highgate Business Management Consultants for JAFZA Offshore Company Setup?
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