Offshore License – JAFZA
Offshore License – JAFZA
Why Choose JAFZA?
JAFZA provides an ideal environment for businesses seeking to expand globally, with advantages such as:
- 100% foreign ownership
- No corporate or personal income tax
- Complete repatriation of profits and capital
- Ease of international trade with access to the world-class Jebel Ali Port
- Confidentiality and privacy for offshore businesses
- No restrictions on foreign currency operations
JAFZA’s offshore structure is regulated under the JAFZA Offshore Companies Regulations of 2018, ensuring transparency and compliance.
Eligible Business Activities for JAFZA Offshore:
JAFZA offshore companies can engage in a variety of activities, such as:
• Holding and managing investments
• Conducting international trade and logistics
• Asset protection
• Estate and wealth management
• Structuring corporate holdings
However, offshore companies are restricted from conducting business within the UAE mainland unless they partner with a local distributor or agent.
- The name must comply with JAFZA regulations and align with the company’s business activities.
- Certain terms like “bank” or “insurance” may require special approvals.
Required documents include:
Passport copies of shareholders and directors
- Proof of residence
- Bank reference letter
- Memorandum and Articles of Association (MOA/AOA)
- Business plan (if applicable)
- Submit the application to JAFZA authorities with all the required documents.
- JAFZA conducts due diligence and reviews the application.
- Pay the applicable fees for registration and incorporation.
- After approval, you will receive the Certificate of Incorporation, MOA/AOA, and other relevant documents.
- Preparing legal documents such as Memorandums of Association (MOA), Power of Attorney (POA), and shareholder agreements.
- Assisting with legal aspects of residency, employment, and investor visas.
- Securing special approvals for regulated industries such as healthcare, education, and finance.
- Guiding you through the legal process of closing or liquidating your business in compliance with UAE laws.
Costs Associated with Setting Up an Offshore Company in JAFZA
- AED 14,000–16,000 for company incorporation.
AED 7,500–10,000 for maintaining the offshore company.
- oNotarization and attestation of documents: AED 2,000–3,000.
- Bank account opening assistance: AED 3,000–5,000.
- Offshore companies in JAFZA must appoint a registered agent, costing approximately AED 6,000–8,000 annually.
Clear and competitive fee structures with no hidden costs.