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In an offer to extend more facilities to local and foreign investors, JAFZA also allows investors to execute their outbound business through the initiative of offshore company registration.
Jebel Ali offshore companies are regulated by the Jebel Ali Free Zone Authority like any other traditional offshore companies formation centre. The following section will provide an overview for investors interested in the offshore company option.
A Jafza Ali offshore company shall at all times have a registered office which must be an office maintained in the Jebel Ali Free Zone or in Dubai by the company or its registered agent, and to which all communication and notice may be addressed.
Please see the article by Krauss Amarelle Hindenburg & Khaswneh in the Legal section of the guide on page 277
A JAFZA offshore company may be in corporate to conduct any lawful business, except the following:
If JAFZA offshore company wishes to conduct trade or other businesses in JAFZA or elsewhere in the UAE, it must obtain the appropriate license to conduct the trade or other business activity from the competent authorities.
Please see the relevant section of the Jebel Ali Free Zone chapter for detailed information.
Any one or more person may apply for the formation of incorporated JAFZA offshore company with limited liability by signing and delivering to the JAFZA registrar an application for a certificates of in corporation.
The following documents are required from the applicant before certificates of formation can be issued. Whereever indicated, the documents will have to be notarized and attested (N&A) by the UAE Embassy or consulate or any Arab embassies.
The registrar reserve the right to call for any extra documents it necessary, All applicants are required to attend and sign the memorandum of Association, in person, at JAFZA.
Cost of set up (At-a-glance)
|Amendment of memorandum of association||Dha 500|
|Company renewal||Dhs 2,500|
|Urgent company registration||Dhs 10,500|
|Document attestation||Dhs 200|
|Agent Registration||Dhs 200|
|Cancellation of the company||Dhs 10,000|
The registrar can have an offshore company for any reason and the registrar is not bound to provide any reason to the company for the refuel of registration. The registrar’s decision to refuse to register an offshore company is not subject to review or appeal in any court.
Where the registrar grants his consent to the registration of an offshore company he shall register the offshore company’s articles of Association, following which he shall provide the offshore company ‘s registered number.
From the date of incorporation, the company will be an offshore company, and shall be known by the name contained in the certificates of incorporation and capable of carrying out business.