SETUP YOUR JAFZA OFFSHORE COMPANY
Looking to form an offshore company in JAFZA? With our expert assistance, establishing your JAFZA offshore business is seamless and hassle-free.
JEBEL ALI FREE ZONE AUTHORITY (OFFSHORE)
JAFZA commenced operations in 1985 and today stands out as a leading business hub of the Middle East. JAFZA boasts of being the first free zone in the world to win ISO certification in 1996. JAFZA is one of the fastest growing Free Zones in the MEASA region, which gives direct access to a market of over 2 billion people.
JAFZA offshore companies regulation was enacted on 2003 and provides eligibility of holding property investments in UAE under the corporate structure.
JAFZA offshore license liquidation
If you want to close your JAFZA offshore company it is advisable to do a formal procedure of liquidation through your Agent.
Some people keep their offshore companies non renewed after a while they get struck off the register automatically.
However, if you need proof that your company has been closed and has no liabilities, an official liquidation needs to be done.
It would cost about 8,000 AED (2,200 USD) and take about 1 month. Formalities can be done by your Аgent, but you need to make sure that:
– You return original company documents to your Agent
– You close corporate bank account
Dubai business setup experts opinion
JAFZA offshore company is a time-proven instrument of doing an international business.
JAFZA is not a monopolist of registering companies for Dubai property holding purposes anymore, but it remains a stable and popular place of UAE business registration.
Frequently Asked Questions
General
No. Business registration and licensing procedures are associated with smart services which require Emirates ID.
• Reserve a trade name
• Obtain a preliminary approval
• Obtain an approval from other authorities if the activity deems necessary
• Obtain the Memorandum of Association of the companies
• Provide a certificate of authenticity of the lease contract issued from the Real Estate Regulatory Agency
Yes, except in the case of engineering consultancy.
No
• Filling a registration and license application form and reserving a trade name.
• A copy of the service agent’s passport (with the details of residence/Visa for non-GCC (Gulf Cooperation Council) nationals)
• A copy of the service agent’s identity card and family book
• A copy of the responsible director’s passport and a no objection letter from his current sponsor
• Approval of other governmental agencies concerned with the activity of the company
• The Board of Directors’ decision to open a branch and to appoint a director
• A copy of the Memorandum of Association and the Commercial Register which should be duly certified by the UAE Ministry of Foreign Affairs and the UAE embassy of the country in which the company is incorporated.
Conditions of licensing the activity of the business center:
• The total site area of the business center shouldn’t be less than 5000 feet where the area of each office is not less than 250 feet including hallways and facilities. The net area per office shouldn’t be less than 200 square feet.
• Having a lease agreement between the property owner and the business center of a period not less than 4 years.
• A written consent by the property owner authorizing the business center to sublease the property during the period of the lease contract.
• Submitting schemes for the site showing the number and the distribution of offices until the allowed number of establishments that can be registered in the site is determined by the commercial register sector in accordance with the aforementioned information in paragraph (A) of this article.
• An annual fee of 25,000 twenty five thousand AED is calculated for every site allocated for the business center activities.
Having educational qualifications, experience, and obtaining external approvals.
Professional activities are the activities that depend on mental and physical effort to be practiced. They include agriculture, fishing, education, health, social work, and community, social and personal services.
Issuing of a Business License
• Reserving a trade name
• Obtaining a preliminary approval
• Obtaining an approval of other authorities if the activity deems necessary
• Obtaining a Memorandum of Association of the companies
• Obtaining a service agent contract for occupational licenses
• Lease contract issued from the Real Estate Regulatory Agency.
• Reserve a trade name
• Obtain a preliminary approval
• Obtain an approval from other authorities if the activity deems necessary
• Obtain the Memorandum of Association of the companies
• Provide a certificate of authenticity of the lease contract issued from the Real Estate Regulatory Agency.
Yes, except in the case of engineering consultancy.
no
• Filling a registration and license application form and reserving a trade name.
• A copy of the responsible director’s passport and a no objection letter from his current sponsor
• Approval of other governmental agencies concerned with the activity of the company
• The Board of Directors’ decision to open a branch and to appoint a director and a copy of the Memorandum of Association and the Commercial Register
• The Ministry of Economy approval for the commercial and industrial companies where the rate of nationals is less than 51%
• The total site area of the business center shouldn’t be less than 5000 feet where the area of each office is not less than 250 feet including hallways and facilities. The net area per office shouldn’t be less than 200 square feet.
• Having a lease agreement between the property owner and the business center of a period not less than 4 years.
• A written consent by the property owner authorizing the business center to sublease the property during the period of the lease contract.
• Submitting schemes for the site showing the number and the distribution of offices until the allowed number of establishments that can be registered in the site is determined by the commercial register sector in accordance with the aforementioned information in paragraph (A) of this article.
• An annual fee of 25,000 twenty five thousand AED is calculated for every site allocated for the business center activities.
Having educational qualifications, experience, and obtaining external approvals.
The same usual conditions in addition to paying 500 AED. Yes. No
Yes
Paying 50 million and having a legal form as a limited liability company.
Commercial activities are the activities that require a capital to be practiced. They include wholesale and retail trade, construction, transportation, stockpiling, communication, financial intermediation, real estate, and leasing.
Industrial activities are the activities that require a capital to be practiced. They include manufacturing, mining, quarrying, electricity, gas, and water.
Professional activities are the activities that depend on mental and physical effort to be practiced. They include agriculture, fishing, education, health, social work, and community, social and personal services.
No, but the owner can.
Yes
You can apply for a trade name online or go through an authorized document cearing office or approved lawirm. Please note that to access online services, you need a user account.
It includes the trade of all kinds of goods and products that are mentioned in full details in the trade category of the activity classification guidebook except for those that require an external approval from concerned authorities.
To be qualified, and to have an experience in the required consultation field. The requirements of the consultations that require an external approval are determined by concerned authorities.
Manage Business License
• Providing a letter from the company or the institution requesting to stop the licensing temporarily
• Providing a letter from the Ministry of Labor indicating the absence of sponsored people on the license
• Providing a report from the inspection division in Dubai DED.
Providing a certificate of authenticity of the lease contract issued from the Real Estate Regulatory Agency and an appendix of the Memorandum of Association when modifying the status of partners.
Providing a certificate of authenticity of the lease contract issued from the Real Estate Regulatory Agency and an appendix of the Memorandum of Association when modifying the status of partners.
Cancel Business License
If the partnership has ended more than 2 years ago.
• The license expiration date should have ended for more than 2 years.
• The national partner shall acknowledge his liability towards the company.
• Providing supporting documents that strengthens the dissolution request such as the escape of a partner
• Providing a letter from the Ministry of Labor indicating the absence of sponsored people on the license
• For sole proprietorships, a no objection letter from the Ministry of Labor is required in addition to a residence cancellation proof for non-Gulf nationals.
• For civil works companies, a no objection letter from the Ministry of Labor is required in addition to dissolution of partnership contract from the notary public.
• For commercial companies, a no objection letter from the Ministry of Labor is required in addition to a residence cancellation proof for non-Gulf nationals, the minutes of Annual General Meeting to liquidate the company and appoint a liquidator, a letter from the liquidator of accepting the liquidation, and announcing the liquidation in the newspaper.
SUMMARY OF REQUIREMENTS FOR INDIVIDUAL SHAREHOLDER
1. Passport Copy
A clear copy of your passport, showing the photo page and signature page. The passport must be valid for six months from the date of application.
2. CV or Resume
A copy of your recent Curriculum Vitae or Resume with your full contact details.
3. Latest utility bill as address proof
An original latest utility bill such as; telephone, electricity gas, water, etc., showing your full name and complete current address.