JAFZA Offshore
Set up in 1985, Jabel Ali Free Zone is spread across 48sq meters and is one of the largest and fastest expanding free zone. Home to over 8700 companies, it includes more than 120 of the Fortune Global 500 Companies.
It is also one of the best areas for offshore company formation in Dubai considering its strategic location between Dubai & Abu Dhabi and the great infrastructure it offers. When you register a business in JAFZA offshore, you are a legal bona fide business.
Key Features
Shareholders
An offshore company setup in JAFZA requires a minimum of one shareholder which can also be a corporate entity. The shareholders should physically be present when registering the company.
Directors
Minimum number of directors required is two. However, corporate directors are not permitted.
Secretary
All JAFZA offshore companies should have a secretary. The director can also act as the secretary.
Accounts
All JAFZA offshore companies should maintain accounting records for a minimum period of 10 years which needs to be approved by its directors and to be signed by at least one of them.
Auditor
The company should also appoint an auditor to examine the accounts. Within 6 months after the end of the financial period, the accounts shall be finalized and audited by approved auditors and laid before the general meeting for along with the copy of auditors’ report.
Registered Agent
A registered agent should be appointed whose address can be used as the company’s registered address.
Share capital
No minimum share capital requirement.
Real estate and Investments
Ideal for investors who want to form an entity to use it as a holding company or purchase of properties in the designated freehold areas.
NEW OFFSHORE COMPANY FORMATION
- Online Request through the registered agent.
- Offshore Application Form (JAFZA format available in Dubai Trade website).
- Memorandum and Articles of Association (JAFZA format available in Dubai Trade website).
4. Board Member (Director and Secretary)
Requirements
Individual
- Passport (PP) Copy
- UAE National ID
- Proof Address such as a utility bill or bank statement.
Body Corporate
- Certificate of Registration, (N&A)*.
- Certificate of Good Standing, (N&A)*.
- Memorandum and Articles of Association, (N&A)*.
- Resolution calling for the Accepting as a Director/ Secretary of an Offshore Company, (N&A)*Power of Attorney (N&A)*.
- Passport copy of POA holder and his Specimen Signature (Will be provided by L&L Department over the counter).
- Incumbency Certificate (including Shareholder/Board names and their passport Copy) (N&A)*.
E-Shareholder Requirements
Individual
- Founder Details (CV).
- Passport (PP) Copy.
- Personal identity such as a UAE National ID and passport (Attached the Unified Number).
- Proof Address such as a utility bill or bank statement. the details in Applications or copy of the Documents.
- Applicant’s Specimen Signature (Will be provided by L&L Department over the counter).
Non Individual
- Certificate of Registration/Formation, (N&A)*.
- Certificate of Good Standing, (N&A)*.
- Memorandum and Articles of Association, (N&A)*.
- Resolution calling for the establishment of an Offshore Company in JAFZA, (N&A)*.
- Power of Attorney (N&A)*.
- Passport copy of POA holder.
- Incumbency Certificate (including Shareholder/Board names and their passport Co (N&A)*.
- Applicant’s Specimen Signature of POA holder (Will be provided by L&L Department of the counter).
5. Shareholder Requirements
Individual
- Founder Details (CV).
- Passport (PP) Copy.
- Personal identity such as a UAE National ID and passport (Attached the Unified Number).
- Proof Address such as a utility bill or bank statement. the details in Applications or copy of the Documents.
- Applicant’s Specimen Signature (Will be provided by L&L Department over the counter).
Non Individual
- Certificate of Registration/Formation, (N&A)*.
- Certificate of Good Standing, (N&A)*.
- Memorandum and Articles of Association, (N&A)*.
- Resolution calling for the establishment of an Offshore Company in JAFZA, (N&A)*.
- Power of Attorney (N&A)*.
- Passport copy of POA holder.
- Incumbency Certificate (including Shareholder/Board names and their passport Co (N&A)*.
- Applicant’s Specimen Signature of POA holder (Will be provided by L&L Department of the counter).
(N&A)* be Notarized from the company registrar and Attested by UAE Embassy and Ministry of Foreign Affairs of the UAE.
The Registrar reserve the right to call for any extra documents if necessary.
OFFSHORE COMPANY RENEWAL
Online request to be made through the registered agent.
AMENDMENT OF THE BOARD :
- Online Request through registered agent, for each transaction (Add and Remove).
- Resolution regarding Appointment of new Director/ Secretary, stamped by the Registered Agent
- Resolution regarding Resignation of Exiting Director(s)/Secretary, stamped by the Registered Agent
ACTIVITY AMENDENT:
- Online Request through registered agent.
- Shareholder(s) Resolution stating the Activity Amendment (change/addition) stamped by the Agent.
- Amended of Memorandum and Article of Association signed by the Shareholder(s).
- Original Memorandum and Articles of Association.
INCREASE IN SHARE CAPITAL
- Agent’s Request Letter.
- Shareholder(s) Resolution stating the Increase / Decrease in Share Capital stamped by the Agent.
- Amendment to Memorandum and Articles of Association signed by the shareholders.
- MOA Original (Optional).
- Increase by Adding new Owner
Individual:
- Founder Details (CV).
- Passport (PP) Copy.
- Personal identity such as a UAE National ID and passport (Unified Number for UAE Nationality only).
- Proof Address such as a utility bill or bank statement. the details in Applications or copy of the Documents.
- Applicant’s Specimen Signature (Will be provided by L&L Department over the counter).
Non-Individual:
- Certificate of Registration/Formation, (N&A) *.
- Certificate of Good Standing, (N&A) *.
- Memorandum and Articles of Association, (N&A) *.
- Resolution calling for Invest in an Offshore Company in JAFZA, (N&A) *.
- Power of Attorney (N&A) *.
- Passport copy of POA holder.
- Incumbency Certificate (including Shareholder/Board names and their passport Copy) (N&A)*.
- Applicant’s Specimen Signature of POA holder (Will be provided by L&L Department over the
More JAFZA Offshore Services
- Change of offshore company name
- Letter Typing ( Company officer’s letter, NOC Letter to DED, Certificate of good standing, Incumbency certrificate etc)
- Document True Copy
- Re-Domiciliation
- Amendment to board member name
- Decrease in share capital
- Mergers(shareholders)
- Transfer of shares
- Amendment to owner name
- Amendment of AOA
- Conversion from Offshore to FZE/FZCO
- Winding Up.