Offshore company setup JAFZA: Everything you need to know

HLB HAMT

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HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 55 160 1291
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

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    In terms of operations, an offshore firm differs significantly from a free zone corporation. An offshore corporation is a legal business organization formed to operate outside of its registration jurisdiction or the location of its ultimate ownership. JAFZA Offshore Company Formation is a better option to get flourished in UAE. In this blog, we will cover some essential information on the offshore company setup in JAFZA.

    Offshore company setup JAFZA

    • An offshore business in Dubai presents a positive image to customers, suppliers, and potential investors. Especially when compared to other business forms in Dubai, the establishment of a Dubai Offshore Company is rapid and straightforward.
    • Jebel Ali Free Zone (Jafza) is the world’s largest free trade zone that welcomes many investors to build their dreams.
    • There must be at least one shareholder for an offshore company to get established in Jafza. For this sort of creation, there is no limitation on the maximum number of stockholders. A shareholder may be an individual (person), a legal entity (business), or a combination of both.

    Offshore Company Formation Benefits

    • The offshore firm may have 100% foreign ownership.
    • A citizen of the UAE is not required to be a shareholder or sponsor.
    • A company may own real estate on the Palm Islands or in any other area that the JAFZA has permitted
    • There is no publicly accessible register of corporate officers. While registering a firm, there is no need to reveal the name.
    • Maintain several currency bank accounts.
    • The company is not required to keep records/books.
    • Current offshore laws.
    • Taxes on corporate and individual income will not apply to the offshore entity.
    • There are no limitations on foreign currencies.
    • The profits and money of offshore companies are fully repatriated.
    • Since there is no need for an onshore office, there are no staff and associated expenses.
    • It is lawful to avoid paying some taxes on income and earnings.
    • Setting up an offshore company only requires a minimum amount of cash.
    • One shareholder or director.

    What are the requirements for establishing an offshore company?

    • Only a certificate of incorporation is granted to a Jafza offshore company, not a business license. This means that the offshore business cannot engage in any commercial business with residents of the UAE
    • The formation of an offshore company in Jafza must begin with selecting a registered agent. This registered agent will be in charge of all administrative tasks relating to Jafza operations.
    • Once you have expressed your interest and chosen a registered agent, the registered agent must handle any communications on behalf of the firm.
    • Jafza reserves the right to request any further paperwork it considers necessary.

    Different types of Company structures for an offshore business in Dubai

    • Investments or Joint Investments Company
    • General Trading
    • Holding Company
    • Shipping or Ship Management Firm.
    • Owning a property
    • Copyright or patent firm

    A registered agent must be present when an offshore company is established. The agent will need to get located in the UAE. HLB HAMT is a registered agency with JAFZA Offshore and one of the market leaders in offshore business consulting. We offer incorporation services in the UAE’s most prominent offshore centers and offer the best options to ensure that your firm is set up as quickly as possible.

    What HLB HAMT Offer!

    • Registered representative.
    • Making Articles of Association and Memorandum.
    • Creation of registration forms.
    • Preparation of the Certificate of Incorporation.
    • Helping to open a multi-currency bank account.
    • Filing with the Companies Registrar.

    The broad expertise of HLB HAMT, combined with the in-depth local knowledge of our team, allows us to fully comprehend the specific requirements of your business. This allows us to provide the best options, and ensure that your business is established with the least amount of effort and hassle.

     

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    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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