Offshore Company Formation In JAFZA

Category: Services
Sub Category: Business Offers
Ad Type: Offered Ads
Price: 0
City: Al Nahda
Active Till 04-Jan-2019
Phone No: +971-589827842
Offshore Company formation in JAFZA:
The Jebel Ali Free Zone is one of the best areas for offshore company registration in Dubai free zones.
The JAFZA Offshore Companies Regulations enacted in 2003.
The international business community can now establish offshore entities at JAFZA in line with other international offshore jurisdictions.
JAFZA is an attractive proposition for offshore company formation Dubai.
JAFZA offshore companies are companies that are not physically present in UAE.
Offshore companies in UAE are only registered here and get a certificate of incorporation only but that offshore company does not require an operating license as they cannot conduct trading, manufacturing or business within the Emirates.
Advantages:
• An organization registered in JAFZA has a legal status for carrying on bona fide business and makes it simple to lead business inside the Middle East, outside UAE,
• only offshore companies registered in JAFZA can own property in the designated area, either in their individual names or through UAE companies,
• JAFZA offshore has a reputation for being a genuine global hub point for trading and manufacturing, which is invaluable for the company,
• offshore companies registered in JAFZA can easily open a bank account in Dubai,
• No taxation and no restriction on capital and profit repatriation,
• Help with banking, insurance, visas, accounting, legal issues, feasibility studies etc.
• Allowed to hold shares in UAE free zone companies and LLCs
• Guaranteed personal and corporate data confidentiality.
Required documents:
If individual applicants:
1. passport copy
2. Original bank reference letter
3. CV
4. Copy of proof of residential address
If corporate applicants:
1. Valid copy of Registration certificate or Incorporation Certificate or Commercial Registry,
2. Valid Certificate of Good Standing (for offshore companies),
3. Copy of the Memorandum of Association,
4. Copy of the Articles of Association,
5. Board of Directors or shareholders Resolution,
NOTE: All the above documents must be legalized up to the UAE Consulate in the jurisdiction where the company has been incorporated.
Required documents for directors and secretary:
1. Valid passport copy,
2. CV.
Requirements of JAFZA offshore company including:
Shareholders:
• A minimum of one shareholder is required.
• Corporate shareholders are permitted.
• Shareholders meetings should be held at least once a year.
Directors:
• A minimum of two directors are required,
• Corporate directors are not permitted.
Secretary:
• The Secretary appointed by the shareholders for such period as the shareholders may determine.
• A shareholder may be appointed as a secretary and/or a director.
Share Capital
• The minimum capital to be declared in the memorandum and articles of association is AED 10,000 or $ 3,000.
• Share certificates must be issued within two months from the date of payment of the capital.
Company registers:
• Register of directors,
• Register of shareholders,
• Register of secretary
• Register of meetings (shareholders, directors, and committees if any).
Inspection:
The Registrar has the power to appoint suitable inspectors to investigate the affairs of the offshore company.
Restrictions on Name
Names must end with “limited”.
Incorporation Time Frame:
Approximately 5 to 7 business days from the time of filing of all the requirements.
Registered Agent:
Appoint an approved registered agent from the list of approved JAFZA Registered Agent List.
Restriction on activities:
• Maintain professional contact with legal consultants, lawyers, accountants, and auditors.
• Holding its general meeting or meetings of its shareholders and directors
• Opening branches or representative offices worldwide
• Prepare and maintains books and record
• Holding shares of a limited liability company (LLC) being formed in Dubai or elsewhere in UAE
• Holding shares in any other entity formed within the UAE, outside the UAE or within UAE Free Zones
Registration process:
• Contact a reliable JAFZA authorized agent for the registration process,
• Get an official statement for the scope of work you require, similar to registration, nominee services, opening bank accounts, any specific attestations required,
• Submit three names for the company out of which one will be finalized by the authorities,
• Decide upon the activities of your business
• Determine the share capital
• Finalize the list of shareholders, a minimum of 2 directors, and secretary
• Submit the mandatory documents
The Memorandum, Share certification, fees and application form signed by the shareholders, secretary, and director is submitted within the presence of the shareholders.
if the Registrar is fulfilled that everything is in order, the company is registered in three days.
Offshore company incorporation Dubai JAFZA can be done as limited liability companies.
For more details contact us: 00971589827842
http://www.mszconsultancy.com
http://mszconsultancy.com/services/jafza-offshore-company-formation/

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