The Jebel Ali Free Zone Authority (JAFZA) is a world-renowned free zone and a leading jurisdiction for establishing offshore companies. An offshore company in JAFZA is a powerful tool for international business, providing a highly-respected and secure framework.
Unlike a free zone or mainland company, a JAFZA offshore company is not issued a business license. Instead, it receives a certificate of incorporation, which allows it to operate globally. This structure is ideal for specific activities and offers significant benefits for investors.
Permitted Activities and Key Advantages
A JAFZA offshore company is not permitted to conduct business directly with individuals or businesses within the UAE. Its primary purpose is to operate outside the UAE and for holding assets.
- Asset Holding: A JAFZA offshore company can act as a holding company. This allows you to acquire and hold shares in both mainland and free zone companies within the UAE.
- Property Ownership: A unique feature of JAFZA offshore is its ability to own freehold property in designated areas of Dubai, subject to JAFZA and Dubai Land Department approval.
- Financial Flexibility: You can open a corporate bank account in Dubai, allowing you to secure loans and manage finances for your international activities.
- 100% Foreign Ownership: Investors can enjoy complete ownership of their company and assets.
- Full Capital and Profit Repatriation: There are no restrictions on the movement of capital or profits, providing complete financial freedom.
- Confidentiality and Privacy: JAFZA provides a high level of confidentiality, ensuring privacy for shareholders and corporate records.
- No Corporate Tax: JAFZA offshore companies are exempt from corporate and personal income taxes.