Everything You Need to Know About JAFZA Offshore Company Formation in Dubai Established in 1985, the Jebel Ali Free Zone in Dubai is one of the oldest free zones in the UAE. It is built and developed around the largest artificial port in the world to help businesses establish trading activities in global markets in the Middle East region, the CIS, the Indian Subcontinent, and Africa because of their strategic location. All the business registration, processing, and activities in the Jebel Ali Free Zone are regulated by the Jebel Ali Free Zone Authority (JAFZA). The Jebel Ali Free Zone Authority (JAFZA) has introduced regulations for offshore company formation in the free zone in the year 2003 as per the international offshore regulations. Foreign investors can establish an offshore company as a non-resident company and a corporate legal entity in Dubai. Types of JAFZA Offshore Company • • • • • •
General Trading Company Investments Company Shipping Company Holding Company Patient or Copyright Company Real Estate Company for Buying Property
Benefits of JAFZA Offshore Company Formation in Dubai The offshore company formation in the Jebel Ali Free Zone comes with many benefits for foreign investors due to its overseas status and political and economic stability in the UAE. Key benefits of JAFZA offshore company formation in Dubai include: • • • • • • • • • • • • •
100% foreign ownership Total tax and duty exemption Repatriation of profits and capital Asset protection Complete anonymity and privacy in business operations Exemption from filing audit reports No Minimum capital requirement for company formation No currency restrictions for trading in global markets No need to set up a physical office Low registration and operational cost Protection of investments Corporate bank account in a bank in Dubai High repute among international business communities and financial authorities