JAFZA

Establish Your

Offshore Company in JAFZA

Your Gateway to Effortless Offshore Company Formation.

An Ajman Free Zone offshore company offers progressive infrastructures and is open for a wide range of businesses. Trading, consultancy, and holding companies are some Ajman offshore business setup options permitted here. The free zone is also fast-growing, seeing 45% growths in certain sectors. It offers these benefits:

An offshore company is typically used for international trading, shipping, patents, international consulting, owning real estate, registering copyrights, or as holding companies. Within the UAE, there are three main territories where most choose to form offshore companies. These are Ras Al Khaimah International Corporate Centre (RAK ICC), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone (AFZ).

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Advantages of Setting Up Your
JAFZA Offshore Company Formation

Confidentiality

Offshore companies aren’t required to publish any financial information, or share their directors’ & shareholders’ personal details on public records. There is also no requirement for offshore businesses to be audited.

Fewer Liabilities

With an offshore company, there’s assurance that its possessions and assets are protected in the case of any legal pursuits. They also enable asset protection for investors, creating a legal wall between the company’s resources and any third parties.

Avenue to International Expansion

Forming an offshore company that has a UAE-based address will immediately create credibility for a business, opening new opportunities for international partnerships and activities. At the same time it’ll allow you to open a UAE bank account, which gives you unparalleled access to multiple currencies and global transactions.

Tax Incentives

In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, as they are not eligible to operate their businesses within the country, are exempt from this tax.

Set Up an Offshore Company

Depending on your business needs, you may choose to set up an offshore company from one of these three options:

RAK ICC

Ajman Free Zone

Ajman Free Zone
(AFZ)

The Ajman Free Zone offers progressive infrastructures and is open for a wide range of onshore and offshore businesses. Trading, consultancy, and holding companies are some offshore activities permitted here. The free zone is also fast-growing, seeing 45% growths in certain sectors. It offers these benefits:

Benefits

Close to the Ajman port and the Dubai and Sharjah airports
An offshore company in Ajman Free Zone can enjoy an incorporation time of just a few days
Ajman Offshore Company formation allows entrepreneurs to hold shares in UAE free zone companies & LLCs
Physical offices are not required for an Ajman Free Zone Offshore Company
Cost-effective offshore incorporation option

Types of Offshore Companies
in JAFZA

Unlike mainland and free zone companies which offer business licenses, offshore companies are given certifications to operate UAE-based firms instead. This is because an offshore company in Ajman Free Zone is not technically allowed to operate within the country, so they do not get issued licenses.

Depending on your needs or activities, here are the company types or activities for an Ajman Free Zone business setup:

Banking

Insurance

International Trade

Holding Companies

Property Owning

Registration of Copyrights & Patents

International Consulting

Requirements for Setting Up a
JAFZA Offshore Company

The requirements to set up an offshore business depends on where and how it’ll be formed.

Latest Utility Bill as Proof of Residency, for individual shareholders
For corporate shareholders: Board Resolution awarding Power of Attorney, Memorandum of Association (MOA), Articles of Association (AOA), Certificate of Good Standing.
Note: Additional documents may be requested, impacting the overall JAFZA Company Setup Cost and JAFZA Trade License Cost.

Cost of Setting Up an
Offshore Company in Jafza

The cost of a JAFZA Offshore Company Setup varies depending on the chosen business structure. Factors such as business activities, number of shareholders, and office space requirements influence this rate.

On average, the JAFZA Offshore Company Formation fee hovers around AED 18,000. To get a more tailored estimate, including JAFZA Company Setup Cost and JAFZA Trade License Cost.

Steps in Setting Up Your Offshore Company
in Ain JAFZA

Biz HQ Consultants offers comprehensive guidance and support throughout the process, simplifying the intricate steps of establishing an offshore company in JAFZA.

1

Determine your company name & activities

The first step is to choose your offshore Jebel Ali Free Zone company activities and a name that fits your company and is neither offensive nor religiously or politically sensitive.

2

Select a registered agent

JAFZA Offshore Companies must work with registered agents for liaison with JAFZA authorities.

3

Prepare the MOA & AOA

The Memorandum of Association (MOA) and Articles of Association (AOA) hold significant importance as they undergo thorough examination and verification by the authorities at JAFZA. It is essential to note that these documents must be presented in English.

4

Submit the relevant documents

Alongside the Memorandum of Association (MOA) and Articles of Association (AOA), prepare the needed documentation and submit these for license approval.

5

Open Your Corporate Bank Account

Once the above steps are completed, proceed to open a UAE bank account to smoothly initiate your corporate business transactions.