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Jebal Ali Free Zone Authority (JAFZA) Offshore Company Formation, UAE

Business Setup in JAFZA Offshore

There are a lot of offshore companies in UAE. For the continuous demand, offshore has been widely known and offshore company formation services are everywhere in the country. Next thing you know, offshore license in UAE is rampant as well. But what is an offshore company? To be brief, it’s a company that is under the laws of another country instead of its origin. Because of this, places that are allowed to register an offshore company in their lands are considered to be offshore tax havens. This is one the reasons that offshore business is flourishing in the world. One of the notable offshore company formation in UAE is Jebel Ali Free Zone Authority (JAFZA), which has an offshore license in UAE and receives a good amount of offshore investment.

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  • Following industries you can setup in JAFZA Offshore

  • Benefits of Setting up Business in JAFZA Offshore

    There is a list of advantages that offshore companies in UAE receive by simply carrying out JAFZA offshore company formation. This free zone is one of the locations that have offshore banking UAE for incorporations to open an account here, like an offshore merchant account.

    For further information, more offshore benefits are listed below:

    • 100% foreign ownership
    • Exemption from all import duties
    • 100% repatriation of capital and profits

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  • Business Setup Requirements & Procedure

    Requirements for Dubai Company Registration

    • Proof of tradename reservation (our firm’s task)
    • Proof of initial approval for the activities (our firm’s task)
    • Passport copies of the shareholders
    • Passport copy and CV (resume) of the manager
    • Personal information sheet of each shareholder and manager (template will be forwarded by our firm)
    • Lease agreement (documents)—having a physical address for your business/office is mandatory in the UAE. The rent in average within the free zone area is USD 25 up to USD 45 per sq. ft. (USD 225 up to USD 400 per sq. m.). Our firm can assist you while searching for your physical address. You can learn more about leasing and rental cost here. (This item will be required only after we obtain the initial approval from the authority.)
    • Notarized and attested Power of Attorney appointing our firm as your legal representative, so that we can act on your behalf and/or on behalf of the shareholders (template will be forwarded by our firm).
    • There are some activities which might require third-party/authority pre-approval—accordingly, additional cost and professional fees might be applicable.
    • Also during the process, the authorities might require a few other documents.
  • The procedure of processing the company setup would range from 2 to 4 weeks.
  • Support Services Offered in Dubai

    FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

    We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

    • Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
    • Representing the client in front of the authorities
    • Assisting the client in bank account opening
    • Assisting the client in account opening with the Ministry of Labour
    • Assisting the client in account opening with the UAE immigration
    • Assisting the client in leasing a premise as an address for the business
  • Business Setup Cost in JAFZA Offshore

    Jebel Ali Free Zone Authority (JAFZA) is often known for its location, flexibility, and reasonable costs for business setup in Dubai. Farahat & Co has a trained business development team that can assist in the process of JAFZA company formation. The below fee table represents an estimation of Jebel Ali free zone company setup cost. Contact us for detailed information on Jebel Ali company setup.

    Cost for Business setup in Dubai JAFZA Costs

    Business Registration and Licensing Cost Fees
    Application Fee AED 525.00
    Knowledge Fee & Innovation Fee AED 20.00
    Registration Fee (Starting from) AED 5,000.00
    Specimen Signature AED 100.00
    Board Resolution AED 200.00
    Cost by Trade Licence Type (Select one of the following)
    Trading License Fee (Starting from) AED 5,500.00
    Service License Fee AED 5,500.00
    General Trading License Fee AED 30,000.00
    Logistics License Fee AED 30,000.00
    Industrial License Fee (Starting from) AED 9,000.00
    Setting up a branch office (Starting from) AED 5,500.00
    Setting up a Branch of a Foreign Company AED 5,500.00
    Additional Fees for Business Registration
    Miscellaneous Fees (Electricity & Water connection; Telephone and Fax connection; Name Plate and Office Locks) AED 1,500.00
    Establishment Online Application AED 2,500.00
    Computer Immigration Card AED 2,000.00
    Chamber of Commerce Fees AED 2,200.00
    Visa Processing Cost
    Bank Guarantee / Employee Visa deposit 1.5% of basic salary + one-way ticket
    Emirates ID Application and Medical Test AED 1,240.00
    Employment/Residence Visa (Select one of the following)
    Employment / Residence Visa – In Country AED 4,809.00
    Employment / Residence Visa – Out of the Country AED 4,021.00

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 19th September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

    Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.