Setup JAFZA Offshore Company in 5 Simple Steps

Jebel Ali Free Zone Authority or more commonly abbreviated as JAFZA holds an offshore domicile to allow investors, companies and other entities to establish an offshore company setup and seek its numerous benefits. While JAFZA mostly oversees free zone company formation, the authority has a reputable and steadfast reputation in protecting its investors at all costs, making the assets in bank impervious to international influence.

As one of the most popular forms of company registration in UAE, offshore company formation in Jebel Ali allows exclusive benefits and privileges to its owners, employees and directors. For one, offshore companies highly secretive in terms of financials and business operations. The government itself guarantees the privacy of the business, exempting it from yearly audits, concealing the identities of its employees, directors and owners while allowing access to international banking. Offshore companies also benefit from currency exchange freedom and remote incorporation process. To start with the process, here are 5 major steps

· First off you need to contact a verified agent for professional help. Make sure the agent you select is authorized by JAFZA before submitting any documents. The right agent can mean a lot since many business consultancy agencies agree to different terms but fail to deliver the incentives they promise.

· Now you need to acquire quote from the agent which includes 5 primary services. These services are Company Registration, Bank Account Provision, Nominee Services, Government approvals and legal documentation, all included in the package so negotiate your terms wisely.

· Select a trade name which the registering authority will use. The trade name will now become your intellectual property and will be protected by the government. Once you have finalized and submitted the name, your next important step is to choose activity, such as real estate, trade, consultancy, financial.

· The legal structure will include a minimum of 2 directors along with other employees. Here are the documents you need to submit

1. Passport copy of owner and directors

2. Proof of address

3. Bank reference letter

4. Shareholders CVs

· After you have submitted the document with their respected JAFZA offshore company fees to the agent, the Authority will process it before approving the license.