Offshore Company formation in Jebel Ali

Offshore company formation in Jabel Ali is permitted to operate commercial activities outside UAE too. Also, the investors of Offshore Company in Jabel Ali are allowed to own freehold properties in particular locations of Dubai.

Features of Jabel Ali Offshore Company Formation

Jabel Ali Free zone authority has formed some regulations in company formation beside it being a preferred offshore for the investors.

Some of the features of Jebel Ali Company formation are as follows:

• 100% foreign ownership is permitted
• No minimum capital required
• No need to deposit the capital in the bank
• The minimum number of Directors should be two.
• An offshore company should have one Secretary (resident of UAE). This secretary may also be one of the Directors of the company.
• Total exemption on taxes and duty
• Flexibility to open a corporate bank account in Dubai and many more.

Limitations of Jebel Ali Offshore

Apart from the advantages, there are also some limitations set in company formation in Jebel Ali Offshore. Here, the bearer shares are not permitted, the company cannot rent local premises, the company cannot carry out business activities like advertising consultancy, insurance, banking, etc. And, the shareholders should visit Dubai physically.

With all of the above said, the investors opt for setting up offshore companies for various reasons. Some of them are complete asset protection, confidentiality and privacy in operations, simple business operations and control, tax exemption (personal, corporate, professional). Also, there is no requirement to fill audit reports and No Minimum capital requirement.

If you are looking for Jabel Ali company formation, Emirates First can assist you with the necessary procedures that include submission of essential documents, follow-ups, etc.