Having been founded in 1985, the Jebel Ali Free Zone Authority (JAFZA) is among the most prestigious, largest, and established free zones in the United Arab Emirates. The JAFZA Offshore Companies Regulations 2003 were enacted by the free zone, and it began to facilitate the registration of offshore companies in Dubai in 2003. Investors and corporate entities are permitted to establish offshore or non-resident firms in the free zone under the JAFZA company formation regulations.
JAFZA offshore company formation is ideal for investors who want to form an entity to use as a holding company or purchase properties within Dubai. Investors generally set up an offshore company in JAFZA to minimize tax liabilities or protect assets. JAFZA offshore companies are not allowed to conduct any business activities in the UAE, and the Authority will issue a certificate of incorporation instead of a trade license. The investors need to set up an offshore company through registered agents in Dubai who will provide the office space for the company. Read ahead for more details:
Characteristics and Advantages of Starting a Business in JAFZA Offshore Companies:
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