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JAFZA Offshore

In 2003, the Jebel Ali Free Zone Authority (JAFZA) introduced the establishment of offshore companies in Jebel Ali Free Zone in the Emirate of Dubai, under the Jebel Ali Free Zone Offshore Companies Regulations. This permitted international business community to launch offshore entities in Dubai and Jebel Ali Offshore, as per the international offshore regulations.

These jurisdictions were outlined so as to allow efficiency and ease in global offshore locations, and enable non-resident companies to have a corporate legal entity, of high repute with international financial authorities.

JAFZA Offshore business setup

As mentioned earlier, the Jebel Ali Free Zone Authority permitted the formation of special status offshore companies or non-resident companies in Dubai, having a corporate legal entity with individuals or corporate bodies as shareholders.

Benefits of setting up an offshore company in JAFZA

  • Governed by Jabel Ali Free Zone Offshore Companies Regulations 2003
  • 100% foreign ownership authorization
  • A minimum of two directors are required for JAFZA company formation
  • No personal or corporate tax policies
  • No exchange control policies
  • Companies can own real estate properties of Jumeirah Island or Palm Islands or any other property approved by JAFZA.
  • Limited liability
  • Can become shareholders in FZCO, FZE or LLCs
  • No limitations on minimum capital requirements
  • Incorporation can be done within 7-15 business days
  • No obligations on maintaining records/books.
  • Organizations can have a local bank account for conducting routine business transactions
  • Compulsory to have an approved, registered agent

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