Value added Tax or VAT was introduced in the UAE on 1st January 2018 at the rate of 5% [..]
What does substance mean? [..]JEBEL ALI OFFSHORE
Our Commitment
- Your Jebel Ali Offshore Company in 10 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- Setting up your company with a bank account including eBanking and debit card
Jebel Ali Offshore Company Main Characteristics:
| Company type | Offshore Company |
| Governing corporate legislation | Jebel Ali Free Zone Authority |
| Information published relating to company officers | No names are disclosed |
| Confidentiality | Complete confidentiality |
| Accounting requirement | Every company shall keep accounting records, which are sufficient to show and explain its transactions |
| Taxation | No corporate taxes |
| Legislation | Jebel Ali Free Zone Offshore Companies Regulation 2013 |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 10 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Not needed |
| Foreigner ownership | 100% |
| Residence visa issuance | Visa not issued |
| Number of directors needed | Minimum of 2 directors |
Information concerning Jebel Ali Offshore Free Zone Authority
The Jebel Ali Free Zone Authority is the oldest and most respected of the free zones that have been allowed to operate in the emirate of Dubai. This type of incorporation is allowed to trade internationally and is allowed to own property in the emirate of Dubai. Corporate shareholders are permitted. Should the incorporator lease an office space within JAFZA, they will then be entitled to one director residence visa. As usual with all UAE incorporations, this entity is also allowed to own and operate a Dubai bank account. The JAFZA offshore company allows the incorporator to enjoy 100% repatriation of capital and assets, with no limits on foreign exchange or capital movements inside or outside the country.
If you want to learn more about establishing a representative office in the UAE, check out the Dubai Representative Office here.
* Please refer to our Terms & Conditions
