Dubai Offshore Jafza
Jafza Dubai Offshore Company
Dubai Offshore
Dubai business setup, UAE / Emirates is a tax free country. There is no tax department and hence 0% taxation for income tax in Dubai, corporate tax in Dubai and capital gain tax in Dubai (except for entities which are oil producing companies or they are branches of foreign banks in Dubai), JAFZA Dubai offshore company setup offers 100% ownership.
In order to setup Dubai Offshore company physical office is not required. Both UAE residents as well as non residents can incorporate JAFZA offshore company in Dubai.
Jafza Offshore
An industrial area surrounding the Jebel Ali Port, JAFZA Offshore was created in 2003 permitting international businesses to launch offshore entities next to one of the world’s biggest sea port. Setting up an offshore company is JAFZA comes with many benefits including zero taxes, easy bank set ups, liberal government law and policies.
Once the required paper works are submitted, it will take up to 7 days for a company to set up their business and get it running. Investors or owners must be physically present to set up the company. Investors and owners must go through associates, lawyers and legal consultants to set up the company. Bank accounts in JAFZA offshore can be managed from anywhere in the world via internet banking facilities. With zero taxes, investors have full control of their funds. Companies in JAFZA offshore has the address of their legal agent rather than their own company name.
Available options in UAE
1: Market Presence
A DED Mainland License lets you set up your physical business anywhere in the UAE, helping you build a stronger presence and giving you the chance to grow your branches throughout the country.
2: Work Opportunities with Government
Propose three names for your business, ensuring that each name aligns with the naming rules of the UAE.
3: No Boundaries on Visa Quota
UAE mainland companies can increase their visa quotas as needed under their business license. You might need more office space eventually, but scaling up your business is simpler.
4: Tax Friendly Business Environment
Businesses with a Dubai Mainland License have to pay only 9% corporate tax and there is no tax on personal income. Also, you don’t need a minimum amount of capital to start a company under this license.
Main Benefits Of Setting Up Business At Jafza Offshore
- 100% foreign ownership
- No corporate or income tax
- Multi-currency bank account
- No annual reports or accounts to be filed
- The only offshore company where you can own UAE real estate
Other Requirements For Jafza Offshore
- Naming – all companies registered with JAFZA must end with Limited in their company name.
- Tax – JAFZA is free of corporate and income tax. However if a company has taxable supply then VAT must be included.
- Annual reporting – company should have account reports of up to 10 years. An auditor should be appointed to review the accounts Business activities in JAFZA offshore
- Insurance
- Advisory
- Banking
- Consulting
- Finances
- Military
- Advertising & Media
- Publishing
- Intellectual Property
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Licenses For A Jafza Offshore Company
- General trading license – holders of this license can import, store and distribute goods verified under JAFZA regulations
- Trading license : holders can perform the same operations as a general trading license plus the benefit of exporting products.
- Industrial license: this license can import raw materials and manufacture products
- Service license: holders can carry out specific services permitted under the Economic Department or by the municipality
- National industrial license: this license can hold manufacturing firms with a GCC national as the owner
