Be a Part of Dubai Offshore - One of the Fastest Growing Business Hubs in the Middle East!
In 2003, the Jebel Ali Free Zone Authority (JAFZA) introduced the establishment of offshore companies in Jebel Ali Free Zone in the Emirate of Dubai, under the Jebel Ali Free Zone Offshore Companies Regulations. This permitted international business community to launch offshore entities in Dubai and Jebel Ali Offshore, as per the international offshore regulations.
These jurisdictions were outlined so as to allow efficiency and ease in global offshore locations and enable non-resident companies to have a corporate legal entity, of high repute with international financial authorities.
Offshore company incorporation in Dubai, one of the fastest growing investment hubs in the United Arab Emirates, is dream come true for foreign investors due to its uniqueness, overseas status, tax exemptions, liberal government laws and policies, and political and economic stability of the jurisdiction.
Other than these, there are multiple reasons why investors throng to set up an offshore company in Dubai, these are:
As mentioned earlier, the Jebel Ali Free Zone Authority permitted the formation of special status offshore companies or non-resident companies in Dubai, having a corporate legal entity with individuals or corporate bodies as shareholders.
Regulations have been framed by the Jebel Ali free zone authority to deliver the convenience and efficiency of global offshore locations to the business owners investing in Dubai offshore, but at the same time maintain a high repute with international financial authorities, which have acted as a very critical determinant in taking the Dubai offshore on the path to success.
Following restrictions are levied on any company registered in JAFZA Offshore or Dubai Offshore :
|Shareholders' visit to the authority||Required|
|Minimum number of shareholders||1|
|Minimum number of directors||2|
|A UAE resident secretary||Required|
|Minimum capital requirement||The capital of the company can be any amount and in any denomination|
|Capital deposit in the bank||Not required|
|Name suffix||'Limited' (e.g., ABC Holding Limited)|
|Repatriation of profit||Possible|
|Documents required (Individual shareholding)||
Xcellence is a registered company that has been facilitating offshore company set up in Dubai jurisdiction for global entrepreneurs. We study the business requirements of our clients and suggest them to proceed with offshore company incorporation in Dubai if it seems ideal for their international business needs. Our business development team ensures that our clients' assets are fully protected with free money repatriation and nil taxation, and work towards limiting their liabilities and ascertaining their business growth.