JAFZA Offshore Company Formation
The Jebel Ali Free Zone is perhaps the most coveted Free Zone in the region and it has contributed and still contributes to the growth of the region in UAE. JAFZA Offshore Company came into existence on 2003, and it is possible for a foreign company to be formed here if they intend to, and an individual or a company is given permission by JAFZA to create an offshore company here.
Offshore company setup in JAFZA can occur in these forms:
- General Trading
- Investments or Joint Investments
- Shipping or Ship Management Company
- Holding Company
- Copyright or Patent Company
- Property Purchase
An offshore company can open bank accounts in Dubai although the requirements will vary according to each bank.
Documents for Offshore Company Setup in JAFZA
Individual Shareholder- A CV of the shareholder
- Bank Reference
- Passport Copy
- Copy of Visa or Entry
- Proof of Residence
- Certificate of Incorporation
- Memorandum and Articles of Association
- Board Resolution and Power of Attorney
- A certificate of good standing
Benefits of Jebel Ali Offshore Company Setup in Dubai
- No requirement to acquire office
- High level of Asset Protection
- 0% Tax
- 100 % foreign Ownership
- Minimum Operational Cost
- No limit on Capital Flow
- Simple Procedure of Incorporation
- Invest in Properties Worldwide
- Shares and Assets
- Minimum Capital Requirement
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