In Dubai, there is essentially only one offshore company location, and that is the Jebel Ali Free Zone or JAFZA for short. The other offshore company location in the United Arab Emirates is the Ras Al Khaimah International Corporate Centre, which is commonly referred to as RAK Offshore. So if you are looking for an offshore business setup in Dubai, the Jebel Ali Free Zone is the place to be in.
The advantage that the Jebel Ali Free Zone has over the Ras Al Khaimah International Corporate Centre is that an offshore company incorporated in JAFZA can own property located on the mainland in Dubai. Setting up an offshore company in the Jebel Ali Free Zone comes with its own set of advantages, such as tax benefits. The United Arab Emirates has its eyes set on becoming a top destination for business, trade and commerce, so you will find that international banking transactions with an offshore company in JAFZA are a breeze. You also have 100% ownership of your company, and strict confidentiality is maintained by the Jebel Ali Free Zone Authority, which manages the free zone.
You can also repatriate 100% of your profits as well as invested capital, so there is no lock-in requirement that mandates that you keep part – or whole – of your money in the United Arab Emirates. You have complete access to your own funds at any time. This makes the Jebel Ali Free Zone a great option because there are no restrictions imposed when you want to withdraw your money in case of an emergency or to invest elsewhere. On that note, there are no foreign currency limits either. You can invest as much as you want in your offshore company in JAFZA, or take out as much as you need, all in your own currency. The UAE Dirham is actually pegged to the US Dollar, so you do not lose any money due to changing foreign exchange rates either.
There are also no limits to how many foreign workers you can hire for your offshore company in the Jebel Ali Free Zone. You can get employment visas for all of them, and dependent visas for their spouses and family members, subject to them meeting certain minimum income criteria. Setting up a company in the Jebel Ali Free Zone does not require any upfront capital investment either, so it is possible to start an offshore company in JAFZA with zero investment.
The Jebel Ali Free Zone is located right next to the Port of Jebel Ali, so it makes sense if you are in the shipping, logistics, warehousing, or cargo industry. In fact, the Jebel Ali Free Zone is the flagship free zone of DP World, which also manages other ports and container transshipment terminals worldwide. For Dubai Ports World or DP World, the Port of Jebel Ali serves as its global base of operations, and this multinational giant valued at $8.5 billion has its headquarters in the Jebel Ali Free Zone.
The Jebel Ali Free Zone also makes it easy for you to carry out your business by combining as many as 7-12 business activities into a single Business License. This makes it easy for you to apply for one, and also when it comes to renewing your Business License annually.
We are experts when it comes to offshore company formation in UAE, and can guide on you on setting up your offshore company in the Jebel Ali Free Zone. Or the Ras Al Khaimah International Corporate Centre, if that would be a better fit for your business model. Our team of consultants speak multiple languages, and work closely with our in-house legal experts to ensure that everything happens the way it should – a smooth affair not only when it comes to registering your offshore company, but also when running it. We even offer cost-effective accounting and audit solutions to those who need it. This way, we see to it that establishing an offshore company in Dubai, as well as managing its day-to-day operations, is easy.