Jebel Ali Free Zone Authority (JAFZA) offers with the Dubai offshore company an ideal type of company to conduct international trading business.
JAFZA under Jebel Ali Free Zone Offshore Companies Regulations 2003, allows the formation of an offshore company by individuals or corporate bodies, as a non-resident company.
Advantages of a Dubai offshore company:
- easy and quick to set up
- 100% foreign ownership possible
- 100% exempted from corporate tax and VAT
- No ‘tax haven’ stigma and on the white list of FATF
- Highest level of discretion & confidentiality. The register is not public!
There are no information exchange agreements with other governments & authorities. - Possibility to purchase real estate in UAE, e.g. in Palm island, Dubai Marina etc.
- No minimum capital requirements – no paid up capital mandatory
- 100% repatriation of profits and capital
- No currency restrictions and exchange controls
Disadvantages:
- Not entitled to trade in Dubai or within the UAE.
- Minimum 2 directors are required.
- Can not obtain UAE residence visas for its employees.
- Can not rent local offices in the UAE, only virtual offices.
In case you require further information about the set up and incorporation of a Dubai offshore company, please contact our German consultant Markus at +971 55 218 4269.