Jebel Ali Offshore Company

Jebel Ali Offshore Company | 7 Steps To Take To Form Your Offshore Company In Jebel Ali, Dubai

A step by step guide to register your offshore company in Dubai

Jebel Ali offshore company: Jebel Ali Free Zone Authority (JAFZA) also has an offshore domicile. So you can incorporate an offshore company in Dubai with the help of an agent who will submit your documents for you.

Please invest 1 minutes of your time to watch the Jebel Ali offshore company video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:

 

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

This article gives you the 7 steps you must take to get an offshore company registered in Dubai.

Offshore companies registered in Dubai are a comparatively recent phenomenon.

Offshore companies also are known as International Business Corporations (IBC) have been used to manage a business and personal assets for more than two decades now.

In the past, they were popular among the very wealthy.

IBCs were predominantly used for asset protection and as a safe haven from high taxes in home countries. Not anymore. Now even small businessmen, professionals, and internet marketers increasingly use offshore companies.

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

Advantages to forming an offshore company in Dubai

Jebel Ali offshore company: Importance of JAFZA

From the very beginning, Jebel Ali Free Zone was set up to become an international business hub.

And to offer its clients a strategic business location, excellent logistics, and high-capacity infrastructure. This has added to the reputation of JAFZA.

JAFZA registers offshore companies in Dubai as well as free zone companies with operating licenses.

These licenses for trade or manufacture are necessary to conduct business in the United Arab Emirate (UAE).

Offshore companies in Dubai, UAE don’t need any operating licenses since they are not permitted to carry out trade, manufacturing or other business activities in the UAE.

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

Jebel Ali offshore company: Unique advantage

An IBC registered in JAFZA immensely benefits from Jebel Ali Free Zone’s reputation. Unlike other offshore jurisdictions, JAFZA is a serious international manufacturing and trading location.

An IBC registered in JAFZA is viewed as a legitimate entity for conducting bonafide business.

This leads to its immediate acceptance in business transactions, especially in the Middle East.

The other major advantage is in Dubai property ownership. As of now Dubai only accepts JAFZA registered offshore companies for property ownership.

Of course, a property can be owned in individual names as well as through other UAE companies.

Offshore companies registered in Jebel Ali are readily accepted by all banks in Dubai for opening bank accounts.

Jebel Ali Offshore Company | 7 Steps To Form A Company

Varal CEO

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

Jebel Ali offshore company: The 7 steps you must take to register in JAFZA offshore

1. Contact a reliable agent who is either authorized by JAFZA or has access to such an agent. You may also contact your regular agent like Varal who can get your Jebel Ali offshore company registered.

2. Ask the agent for an official quote for the scope of work you want.

A possible range of services can be

  • Company Registration
  • Bank account opening
  • Nominee Services
  • Any special attestations needed

Nominee services provide a layer of confidentiality

3. Suggest three names for the company out of which one will be selected by the registration authorities.

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

4. Finalize the activity scope for the company – this can be an investment in property, trade, consultancy, to act as a holding company. By default, it is General Trading.

5. Decide the share capital – there is no minimum limit for offshore companies.

6. Finalize who will be the shareholders, directors, and secretary. Minimum 2 directors are needed.

7. Provide the required documents to the agent

These are:

  • Notarized Passport copy of the shareholder and directors.
  • Proof of address for these in the original. These are mostly utility bill in their name showing a street address.
  • Bank reference letter.
  • A brief resume of the shareholders.

Once these documents are submitted along with the fees to your agent, they will apply for name approval. The company name will be approved only if it meets the criteria and is available.

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

An application set is made with the application form, Memorandum of Association, and Share Certificates.

These are signed by the shareholders and directors and secretaries and submitted. In the case of JAFZA offshore, personal presence of shareholders is required at the time of registration.

A company is registered within 3 working days if all the papers are in order.

You will receive a Certificate of incorporation, Memorandum of Association, and Share Certificate when the company is registered.

It may be a good idea to get a Certificate of Incumbency and Certificate of Good Standing on paying some extra fees.

Here onwards you are ready to use your company for the purposes you set out for.

You are now ready to open a bank account for the company. You may approach your local consulate in Dubai to attest these documents or get them attested by the British embassy.

This helps in establishing the authenticity of the company itself when using it outside the GCC.

Jebel Ali Offshore Company | 7 Steps To Form A Company

Varal Managing Director

Jebel Ali offshore company: Get a free quote now by filling in the box on the right and discover the steps to form your offshore company

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Jebel Ali Offshore Company was last modified: June 8th, 2019 by Manu Raj

Manu Raj

Has a positive attitude towards the job, is friendly and a team player.

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