NRD - JAFZA Offshore Company Incorporation Morph

CORPORATE SERVICES JEBEL ALI OFFSHORE (IBC)

CONTENTS1. About N. R. Doshi & Partners2. Services we offer3. Addressing your Business Needs4. JAFZA Offshore5. Get in touch with our specialists

COMPANY INCORPORATION-N. R. DOSHI & PARTNERS

GET TO KNOW N. R. DOSHI & PARTNERS N R Doshi & Partners is a national, leading auditing and business advisory firm focused on providing services to ambitious businesses within the UAE

With more than 73 endowed professionals, 7 offices in UAE, we bring real leadership across the mid-market.

Put simply, we are advisers to growing businesses, providing exceptional service worldwide through our international network DFK International.

Whether you're a private client, an owner managed business, a growing company or an established Fortune 500 company, we're confident we have the right people and the right experience to deliver tangible value.

Through our membership of DFK international, our clients also have access to a broad range of accounting, advisory and other business specialties in over 85 countries worldwide. DFK is ranked as the 7th largest association worldwide and has recently been awarded Association of the year 2015.

Dubai Abu Dhabi Jebel Ali Sharjah SAIF ZoneHamriyah Free Zone RAKFTZ

2015


SERVICES WE OFFER N. R. Doshi & Partners’ Corporate Services offers an integrated, tailor made package of corporate services which leaves busy executives of both private and listed companies time to concentrate on their core businesses.

Our knowledge and understanding of all statutory, corporate governance and compliance requirements, allows us to take care of both routine and the extraordinary matters efficiently, including local, regional and offshore incorporations, ongoing maintenance and corporate governance, restructuring, corporate advisory, administration, immigration and relocation matters, setting up of personal wealth management structures and more.

To assist and advise our clients, we work closely with international CPA/accounting firms, law firms, investment bankers, private bankers, financial and tax advisors in developing the appropriate solutions for their business needs.


Company Formation

Registered Agent Facilities

Nominee Director Services

Winding Up &

Liquidations

Change in Company Name

Statutory Books & Registers

Procure Tax DomicileCertificate

Conversion &Re-registration Of Companies

ADDRESSING YOUR BUSINESS NEEDS Many companies are going global. Corporate structuring and planning have achieved higher levels of complexity than ever before while the need for anonymity remains strong. Corporations must keep pace and be constantly on the look out for new ways to profit. One way is to have a clear understanding of the characteristics of offshore foreign corporations, and how they may be put to advantageous use.

Offshore Companies are only applicable if you are doing business overseas and not in the country where your offshore company was incorporated.


If you want to go somewhere, it is best to find someone who has already been there.

Key Benefits of an Offshore

• Asset Protection

• Confidentiality

• Estate Planning

• Simplify the transfer of assets and properties held in many countries

• International Tax Planning

• Protect Investments in foreign companies

• Own or lease ships or pleasure aircrafts

JAFZA OFFSHORE The Jebel Ali Free Zone Authority (JAFZA), established in 1985, is the largest and best known of the Free Zones operating in Dubai, United Arab Emirates (UAE). In 2003, JAFZA was granted authority by the Emirate of Dubai to establish its own company law regime allowing the establishment of offshore entities. The Jebel Ali Free Zone Offshore Companies Regulations 2003 is the statutory framework which governs the incorporation and ongoing governance for JAFZA companies. A JAFZA offshore company can conduct any lawful business except banking, insurance or reinsurance. The company can carry on business within the UAE, if appropriately licensed to do so. Currently only JAFZA offshore companies are allowed to own immovable property in Dubai.


Key Characteristic of a JAFZA Offshore

• Company name must end with Limited Liability “LLC”. • Purchase and ownership by the company of its own shares are permitted.

• A minimum of 1 shareholder is required. A foreign corporate or individual shareholder is permitted.

• The company must have a registered office and agent in the Jebel Ali Free Zone or in Dubai.

• Accounting records need to be maintained and audited • The company can hold bank accounts in United Arab Emirates.

• A minimum of 2 directors and 1 Secretary is required. Only individual may act as Director and Secretary.

• Statutory power to engage in any lawful activity except in banking, insurance or reinsurance or activities not permitted by the Regulation

• No local residency requirements for shareholders, directors & Secretary.

• The company can engage in business in the Jebel Ali Free Zone or elsewhere in the UAE with an appropriate license.

• Minimum issued capital is AED 1. • The only offshore company permitted to own an interest in immovable property in Dubai.

• Only one class of shares are permitted. Shares are issued in registered form. Bearer shares are not permitted.

• The company is required to hold a general meeting each year and not more than 18 months shall elapse between the date of one meeting and the date of the next. Board meetings can be held anywhere in the world.

JAFZA OFFSHOREDocuments Required• Information Form with full details

• Three proposed name of the Company

• Note on the Activity Company will undertake

• Share Capital of the Company

• Passport Copy of Shareholder, Director and Secretary of the Company

• Original Bank Reference Letter of each Shareholder

• Current Utility Bill of each Shareholder, Director and Secretary

• No Objection Letter from Local Partner/ Employer if resident in UAE


Besides from Incorporation Services we can assist you in:

*Opening of bank Accounts * Auditing Services*Administration *Corporate Finance*Information and Technology

GET IN TOUCH WITH OUR SPECIALISTS

Kinnari [email protected]

Jebel Ali116, LOB 16 +971 4 8814368www.nrdoshi.ae

DISCLAIMER:The brief setout herein is for information purposes only and does not constitute legal of professional advice. No responsibility will be accepted for loss incurred directly or indirectly as result of acting, or refraining from acting, wholly or partially in reliance upon information contained herein.

Kashyap [email protected]

mailto:[email protected]

http://www.nrdoshi.ae/

mailto:[email protected]

NRD - JAFZA Offshore Company Incorporation Morph

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