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  Aurion acts as single window professional service provider for investors worldwide, to incorporate their new / branch / subsidiary companies in ....   We offer Public Relation services (PRO),with respect to various UAE freezones / immigration / ministries / government departments there by saving time and money...   Aurion is working in tandem with corporate SME division of several Banks in UAE to provide a wide range of assistance to Freezone companies....   We offer world class ISO certification consulting services in United Arab Emirates (UAE) which guarentees ISO certifications from various recognised certificate bodies..  
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UAE Freezones

 

Jafza Offshore (Dubai Offshore)

 
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Jafza Freezone is one of the world’s largest & fastest growing freezone, located in the emirate of Dubai in UAE. It is a leading driver of the burgeoning UAE economy. With its impeccable track record, Jafza stands for innovation, customer centricity, transparent opera- tions and entrepreneurial dynamism.

JAFZA Offshore Company is an International Business Company just like British Virgin Islands IBC, Caymen Island etc.

Special Status Non-Resident Offshore  Companies:  Jafza, under  Jebel Ali Free Zone Offshore Companies Regulations 2003, allows the formation of an offshore Company by individuals or corporate bodies, as a non-resident company, having a corporate legal entity.

DOCUMENTS & DETAILS REQUIRED FOR DUBAI OFFSHORE COMPANY REGISTRATION - INDIVIDUAL APPLICANT

  • Applicants Personal Profile (CV)
  • Bank Reference from anywhere in world ( Template can be provided)
  • Proof of residence (recent Utility Bill like Electricity Bill or Telephone Bill in the name of applicant)
  • Passport Copy (with atleast 6 months validity)

INFORMATIONS & REGULATIONS

Dubai has passed a law for incorporation of Offshore Companies in Jebel Ali freezone in the Emirate of Dubai. The laws have been framed in a manner such that authority maintains a clean image of the companies vis a vis international financial authorities.

Some of the unique features of the Companies are as follows:-

  • No bearer shares will be allowed
  • The Company can open bank accounts with all banks operating in Dubai and also in other jurisdictions.
  • The Company shall file audited accounts each year
  • Its important to note that Dubai has Double Taxation Avoidance Agreement  with the following countries:-
    Jordan, Sudan, Syria, Kuwait, Morocco, Malta, Yemen, Egypt, Finland, France, India, Paki- stan, Poland, China, Germany, Indonesia, Italy, Malaysia, Romania, Singapore, Algeria and Turkey.

JAFZA OFFSHORE COMPANY FORMATION

AURION Business Consultants provides total assistance in setting up new Offshore Companies in Dubai Jurisdiction. A brief text of the new regulation and features are described below:-

  • Legislative Authority
    The regulations are made by the Chairman of the Dubai Port, Customs and Freezone Corporation in accordance with the authority given to him by Dubai Laws Numbers 1 & 4 of 2001.
  • Features
  • Company Status : Limited Liability
  • Number of Shareholders : Minimum One & Maximum not limited
  • Suffix to the Name : “Limited”
  • Capital Structure : Decided by the shareholders

RESTRICTION OF ACTIVITIES

Permitted Activity

  • Professional Contact with legal consultants, lawyers, accountants and auditors
  • To hold shareholders and Directors meetings in the UAE
  • To hold lease of property for use as registered office or own real property in the Palm Islands or Jumeirah Islands or any property owned by Nakheel company LLC or any other real property approved by authority.
  • To hold an account in a Bank in the UAE for the purpose of conducting its routine opera- tional transactions.
  • To become shareholders of Freezone & Limited Liability Companies.

FORMATION PROCEDURES

  • Submit application to the Registrar
  • Attestation of Memorandum & Articles of Association prepared as per the regulation.

REGISTRATION

The Registrar is the final authority to accept or reject the registration. Upon registration an Offshore Company registration number will be allotted and registration certificate will be granted.

SHARES

  • All shares must be fully paid when allocated
  • No Bearer shares allowed
  • No different classes of shares allowed

ADMINISTRATION

A Registered Agent ( Consultants/ Legal firms) is required to introduce & represent before the Authority

DIRECTORS

Minimum number of Directors shall be two

MEETINGS

  • Shareholders meeting and Board meeting have to be conducted periodically.
  • Every Company shall cause minutes of all proceedings at general meeting & its Directors.

STRIKE COMPANY OFF REGISTER

The Registrar may strike off Company from the register under the following circumstances by giving due notice:

  • Offshore Company is acting breach of regulation  15 (permitted activities)
  • To protect the good repute of the Zone
  • Non-payment of fees

TIME SPAN FOR OFFSHORE INCORPORATION

Three working days

NB: No trade can be done within UAE. No Visa. No Office. Bank account can be opened.

appy dubai offshore license
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