JAFZA Offshore Company Incorporation

The JAFZA was formed in 1985. It is an industrial area surrounding the Jebel Ali Port, one of the world’s biggest shipping ports. Companies based here enjoy exemption from corporate tax for 15years, zero personal income tax nil duties on imports and exports, no limit on currency and easy labour recruitment procedures.

Jebel Ali is an hour’s drive away from Abu Dhabi, the capital city of the UAE, and is just outside Dubai. The proposed Al Maktoum International Airport is going to be the largest airport in the world in both freight and passenger volume, just outside the port area.

KEY FEATURES OF AN AJMAN OFFSHORE COMPANY:

● Shareholders – A minimum of one shareholder is required and corporate shareholders are permitted. International corporate shareholders are required to have all company documents attested.

● Directors – A minimum of one director is required and corporate directors are permitted.

● Secretary – Every company must have a secretary. A company director may also act as company secretary.

● Share Capital – No minimum share capital requirements.

● Annual Reporting – Every company must keep accounting records for 7 years from the date of grounding. The accounts do not however have to be filed with the RAK authorities.

KEY BENEFITS OF OPENING A AJMAN OFFSHORE COMPANY:

100% Foreign Ownership
Shares in Local Companies
Local Bank Account
Fast Incorporation
Shareholder/Director details can be kept private
Invoicing on international trade
Can act as holding company