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Jebel Ali Free Zone (JAFZA)
Established in 1985, the Jebel Ali Free Zone (JAFZA) stands out as a premier industrial area surrounding the Jebel Ali Port, a global shipping hub. It offers a host of exclusive benefits for international companies, including a 15-year exemption from corporate tax, no personal income tax, zero import or export duties, unrestricted currency use, and streamlined labor recruitment processes.
JAFZA, in collaboration with the Dubai Government, introduced the Offshore Company in 2003 under the Jebel Ali Free Zone Offshore Companies Regulations 2003. This initiative has positioned JAFZA as a pioneer in facilitating offshore companies, offering unique advantages such as the ability for offshore entities to legally own property in Dubai.
Choosing JAFZA as the location to start an offshore company offers unparalleled advantages and growth opportunities. Its reputation as a leading free zone in the UAE, coupled with its proximity to a major seaport and future mega-airport, makes it a compelling choice for entrepreneurs seeking a strategic and supportive business environment.
Strategic Location and Connectivity: Situated at the heart of Dubai, Jafza provides unparalleled access to global markets through its robust transportation infrastructure, including airports and seaports. This strategic advantage facilitates efficient trade and connectivity with key business hubs worldwide.
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Почему именно JAFZA?
Strategic Location and Connectivity
Situated at the heart of Dubai, Jafza provides unparalleled access to global markets through its robust transportation infrastructure, including airports and seaports.
Tax Efficiency and Financial Advantages
Jafza offers a tax-efficient environment for offshore companies, with no corporate or income taxes imposed.
Business-Friendly Regulations and Streamlined Processes
Jafza boasts a business-friendly regulatory framework and can benefit from simplified processes, reducing administrative burdens and enabling the swift establishment and management of their offshore entities.
Comprehensive Asset Protection and Investment Opportunities
By registering an offshore company in Jafza, entrepreneurs gain access to robust legal protections and asset safeguards. Jafza's limited liability structure shields personal assets from business liabilities, while also offering opportunities for real estate ownership.
Types of Offshore Companies in JAFZA
Setting up a JAFZA Offshore Company presents a distinct approach compared to mainland and free zone entities. Unlike them, offshore companies in JAFZA obtain certifications to conduct business activities with UAE-based firms, with the stipulation that they cannot engage in operations within the country.
Below are the types of companies or activities ideal for JAFZA Offshore Company Formation:
Banking
International Trade
Holding Companies
Property Owning
Registration of
Copyrights & Patents
International Consulting
Key Requirements for Establishing an Offshore Company in JAFZA
The procedure for setting up a company in JAFZA varies depending on the particular business structure and activity. Here’s what’s needed:
- Application for Certificate of Incorporation
- Passport Copy of Shareholders
- Curriculum Vitae of Shareholders
- Recent 6-month Bank Statement of the Company
- Certificate of Good Standing
- Latest Utility Bill as Proof of Residency, for individual shareholders
- For corporate shareholders: Board Resolution awarding Power of Attorney, Memorandum of Association (MOA), Articles of Association (AOA), Certificate of Good Standing.
- Note: Additional documents may be requested, impacting the overall JAFZA Company Setup Cost and JAFZA Trade License Cost.
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Steps to Launching Your Business in RAK ICC
Take the first step towards success with our expert guidance.
1
Determine Your Business Activities
Begin by outlining the activities your RAK ICC Offshore Company will engage in. Choose a name that aligns with your business objectives and is distinctive within the RAK ICC jurisdiction.
2
Engage a Registered Agent
Connect with a reputable registered agent for your RAK ICC Offshore Company, such as those recommended by RAK ICC. They’ll facilitate the registration process and act as your liaison with governmental bodies.
3
Compile Necessary Documents
Gather all required documentation for RAK ICC Company Formation according to your chosen company type. Ensure completeness and accuracy before submission to RAK ICC authorities.
4
Fulfill Financial Obligations
Make prompt payments for registration fees and associated expenses using convenient online platforms, cash, or secure money transfers. Once processed, anticipate the swift incorporation of your RAK ICC Offshore Company.
5
Establish a Corporate Bank Account
Optimize financial management by initiating the setup of a dedicated business account. This will streamline operations and enhance efficiency for your RAK ICC Offshore Company.
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