Jafza Offshore Company Formation is a kind of an offshore company registered by a Jebel Ali Free Zone in Dubai.
Until lately it was the only offshore company which might grasp real estate property in Dubai. This attribute made JAFZA offshore company setup increasingly demanded by property owners.
The circumstances have changed now and the property can be registered under a cost-effective entity RAK offshore company.
JAFZA OFFSHORE COMPANY FORMATION
Jebel Ali offshore company formation can be set-up only by a registered representative. It means that you cannot carry out it directly with the government authority on your own.
The Offshore Agent In Jafza can be a business formation company in Dubai who will look after the official procedure and the registration procedure.
Jebel Ali offshore company is generally registered within 1-2 weeks depending on compliance sanction.
Your personal visit for signature confirmation is necessary. If a company director is a different person, his visit is also compulsory.
Note: offshore company registration in Dubai needs 2 directors only in case it’s a JAFZA offshore. Any other companies in diverse UAE authorities require only 1 director.
RESIDENT VISAS
JAFZA offshore company, as any other offshore company in UAE, is not entitled for UAE resident visas.
However, if you want a resident visa, you need to consider other options of business setup in Dubai in free zones or mainland. You can check business formation in UAE in any emirate as long as your company is registered in a free zone.
LICENSE RENEWAL
JAFZA offshore company renewal is completed by your registered Agent. Your own presence is not necessary.
You have to transfer the funds to the Agent, who will perform the formalities. Upon renewal, you will get a Certificate of good standing, which provides as an official proof that your company is on the go.
The price of the renewal is usually about 11,000 AED (3,015 USD) depending on your Agent.