Jebel Ali Freezone (JAFZA)
Jebel Ali Free Zone (JAFZA) is a world-renowned free zone that specializes in trade, industry, and logistics. The JAFZA authority has established regulations for incorporating offshore companies in the zone itself. Approved firms of accountants or lawyers provide services to clients for registering offices, registering offshore companies, and acting as agents for the companies. JAFZA is an ideal location to register an offshore company, providing unlimited possibilities for industrial development in Dubai. At Highgate Business Management Consultant, we have expertise in JAFZA company formation and can help you with all your business setup needs, including securing a Business License.
Features of JAFZA Company Formation:
- No requirement for minimum capital investment.
- Must have an approved registered agent within the free zone or Emirate of Dubai.
- Must have a minimum of one shareholder, with no limit on the maximum number of shareholders.
- Must have a minimum of two directors.
- Mandatory appointment of one manager and secretary.
- No permission to bear shares.
- Limited Liability Company.
- Free from personal or corporate income tax.
- Issue of shares of only one class permitted.
When registering offshore companies in the UAE, they are allowed to:
- Have contact with lawyers, accountants, auditors, and legal consultants.
- Open a bank account in the UAE.
- Be a shareholder for the existing or new FZE, FZCO, or an LLC.
- Conduct shareholder and directors meetings within the UAE.
- Lease property for a registered office or have their own real estate property approved by the authorities.
- Indulge in International Trading.
When registering offshore companies in the UAE, they are not allowed to:
- Conduct business with persons resident in the UAE.
- Invest in a real estate property in the UAE, other than lease property referred to the regulations or approved by authorities.
- Conduct banking business.
- Conduct business as an insurance or re-insurance company, insurance brokers, or insurance agents.
- Conduct any other business listed under the regulations of prohibited business in Jebel Ali Free Zone.
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