Jafza Offshore Company Dubai, UAE

Jafza Offshore Company Dubai, UAE

Main information on the company

Type of the company

JAFZA International Company / offshore

Permitted Place for doing business

Worldwide with exception of UAE

However the company can have bank account in UAE as well as own properties in Dubai.

Formation time

Around 2 to 4 days from the day when all the required company documents are provided by the customer

Registered address

Provided by the registered agent as according to Jafza Offshore Company regulations.

Registered Agent

Must be available for company formation as according to the applicable legislation.

Legal company status

Limited Liability Company (Ltd.)

Company tax residency in UAE

No

Is it possible to receive residency visas in UAE over such company

No

Availability of ready (shelf) companies

No. Jafza offshore company formation takes 2 to 4 days only.

Important note

Jafza offshore company can purchase properties in Dubai on its name.

Even though this company does not pay any taxes it must file annual audit.

Directors

Total number

Minimum 2 directors

Local director requirements

Not required

Free access to information

No open companies registry

Place of meetings of directors

No limitations

Personal presence within incorporation

Personal presence of at least one of the directors is a must as the Jafza offshore company incorporation documents must be signed in the presence of the free trade zone representative.

Shareholders

Minimum / maximum number

From 1 to 50

Local partner requirements

Not required

Access to information

No open offshore companies registry

Place of shareholders meetings

No limitations

Personal presence within incorporation

Personal presence of the shareholders is a must as the company formation documents must be signed in the presence of the free trade zone.

Secretary

Total number required

1

Share capital reqirements

Miniumum share capital requirements

AED 1.000,-

Minimum value per share

AED 1,-

Share capital payment

Not required

Jafza offshore company regulations – Financial reporting

Requirement for accounting

Accounting is required

Audit is obligatory

Requirement for appointment of auditor

Yes

Requirement to file the yearly audited balance

with the companies registry

Yes

Jafza Offshore company formation – bank account opening in Dubai, UAE

Bank account opening

Possible to open call account (without the issuance of debit card and cheque book)

Credit card possible with the security deposit at the bank

Time to open Jafza company account

From 2 days

Personal presence of shareholder at the time of account opening

Required if to be opened in UAE

Bank account opening abroad

Bank account opening

Yes, possible

Time to open JAFZA bank account

From one week.

Personal presence of shareholder at the time of bank account opening

Depends on bank requirement.