Jafza offshore company formation is a great option for those looking to set up a business in the United Arab Emirates. In this article, we’ll cover all the basics you need to know about Jafza, from its history and benefits to the process of setting up a company there.
History of JAFZA
Jebel Ali Free Zone Authority (Jafza offshore) is the first and most prosperous Dubai Free Zone in the area. Since it was founded in 1985, Jafza offshore has experienced enormous growth, going from 19 firms to more than 8,000 now, of which 100 are listed on the Fortune 500 companies list. One of the most difficult websites to set up and monitor as your company expands is Jafza. However, the benefits to your business include a tailored platform that enables smooth interaction with the rest of the globe and networking with businesspeople with a long history of success.
In addition, a facilitated operating environment designed to assist your operations will be provided, all within the framework of the vibrant Dubai market, which is defined by having the right to be a gateway and hub for the UAE, the Gulf Cooperation Council and the broader regional market, which includes 3.5 billion people.
Why set up your business at JAFZA offshore?
Jafza offshore is one of the most popular methods for company formation in the UAE. It is a cost-effective and efficient way to set up your business in the country. There are many benefits of setting up your company in Jafza offshore, including:
- 100% foreign ownership
- 100% repatriation of profits
- 0% corporate tax rate
- No personal income tax
- No import or export duties
- Strategic location for doing business in the Middle East.
If you are considering setting up your company in the UAE, then Jafza offshore company formation is the best option.
What do you need to register your company in JAFZA?
If you’re looking to set up an offshore company in Jafza, there are a few things you’ll need to do to get registered. First, you’ll need to have a physical address in Jafza – this can be a PO Box, it must be a valid address within the Free zone.
Second step is to select your company name – this must be unique and not already used by another company. Once you have a name, you’ll need to submit it along with your application and supporting documents to the Dubai Economic Department. Once your company is registered, you’ll be issued a trade license which will allow you to operate within Jafza.
Thirdly, there are a few other things to keep in mind when setting up your offshore company in Jafza. All companies must have a minimum capital of AED 50,000 – this can be in the form of cash, property, or shares. You’ll also need to appoint a Managing Director at your company, unless it’s you, the Investor.
Benefits of formation your company in JAFZA
Jafza offshore company formation has many benefits that make it an attractive option for businesses. One of the main benefits is the tax advantages that are available to companies registered in Jafza. There are alsseveral of other benefits, such as the ease of setting up a company, the availability of infrastructure and support services, and the political stability of the UAE.
Setting up a company might be challenging, however there are nothing to worry about! Contact one of the best business set up companies in the UAE, Masar Al Ameen. They have a Team of Experts willing to support you in the whole process of incorporation your company in JAFZA!