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Setting Up a Business in Jebel Ali Freezone
(JAFZA)
Jebel Ali Free Zone is one of the world’s largest free zone specialized in trade, industry, and logistics. The JAFZ authority promulgated regulations for incorporating offsbusiness setup needs, including securing hore companies in the zone itself. The firms of accountants or lawyers are approved to provide services for clients for registering office, registering offshore companies, and acting as agents for the companies. JAFZA is one of the best places to register offshore company that drive development in Dubai providing unlimited possibilities for industrial development. We are experts when it comes to JAFZA company formation and can help you with all your business setup in Dubai needs, including securing a Business License.
Features of JAFZA Company Formation
- There is no requirement for minimum capital investment.
- Have an approved registered agent within the free zone or Emirate of Dubai
- Have minimum one shareholder, there is no limit on the maximum number of shareholders
- Have minimum of two directors
- Compulsory appointment of one manager and secretary
- No permission to bear shares
- Limited Liability Company
- Free from personal or corporate income tax
- Issue of shares of only one class permitted.
Freezone Locations
While registering offshore companies in UAE, they are allowed to
- Have contact with lawyers, accountants, auditors, and legal consultants.
- Bank account in UAE
- Be a shareholder for the existing or new FZE, FZCO or an LLC
- Keep up a shareholder and directors meeting within UAE
- Keep up the lease of property for a registered office or have an own real estate property approved by the authorities.
- Indulge in International Trading
While registering offshore companies in UAE, they are not allowed to
- Jebel Ali free zone doesn’t allow business with persons resident in UAE
- Invest in a real estate property in UAE, other than lease property referred to the regulations or approved by authorities.
- Not allowed to have a banking business
- Not allowed to have business on insurance or re-insurance company, insurance brokers or insurance agents.
- Not allowed to have any other business listed under the regulations of prohibited business in Jebel Ali Free Zones
While registering offshore companies in UAE as holding companies for holding investments or properties, particularly developed by Nakheel, Emaar, Dubai World and Dubai holdings! The master developer of the property is Emaar, Nakheel, and Dubai holdings or Dubai world! For holding other properties, developers are required to pre-approve their properties with Jebel Ali free zone authorities before accomplishing the offshore companies given permission to hold these properties.
JAFZA Company Formation
It is mandatory that shareholders/directors or authorized person present before the Jebel Ali Free Zone authorities and sign all the relevant documents of the offshore company like memorandum, resolutions, articles, etc. It may not be convenient at times. Therefore, it would be advisable to execute a power of attorney to a single person or person authorizing him to sign on behalf of the directors/shareholders. The POA is notarized by a notary in Dubai.
Some of the prohibited fields of business in Jebel Ali Free Zone
Insurance
Banking
Financial
Professional Services
Consulting
Intellectual Property
Media
Security
Publishing
Advertising
Movie Production
Gambling
Casino
Game & Win
Advisory
Real Estate
Military
Education
Jebel Ali Free Zone is designed to provide efficient business space in the largest free zone. JAFZA is one of the best places to register offshore company providing exciting business opportunities and other value-added services. For your JAFZA company formation requirements, please get in touch with us. We can be of assistance.
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Saima Ali
Senior Company Formation Specialist
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