A Strategic Hub for Business setup in Jebel Ali Free Zone
At the Jebel Ali Free Zone, a minimum of one shareholder is required for incorporating an offshore company. This can be an individual or another company. In case of corporate shareholders, attested company formation documents must be submitted for the purposes of company registration. Two Directors are required for an offshore company in Jebel Ali Free Zone. A Company Secretary is also required for the company, but one of the Directors can assume the role of Company Secretary.
One of the directors is also eligible for a Director visa if the offshore company leases office space at the Jebel Ali Free Zone. Accounts need to be preserved for ten years. Offshore companies located in the Jebel Ali Free Zone are allowed to repatriate 100% of their capital and profits. There are also no restrictions on foreign currency. Neither are there any short-term or long-term capital gains taxes or taxes on personal income in the United Arab Emirates.
An offshore company incorporated in the Jebel Ali Free Zone is exempted from all import and export duties. There is also no short-term capital gains tax or long-term capital gains tax payable. The Director(s) and/or the Ultimate Beneficial Owner are not required to pay any taxes on their personal income generated in the United Arab Emirates. Offshore companies incorporated in the Jebel Ali Free Zone do not have to pay any corporate taxes.
The United Arab Emirates has Double Taxation Avoidance Agreements with 135 countries, so if the country of your residence or citizenship is on the list, you may not be required to pay any taxes on your income generated through your offshore company in the United Arab Emirates. This is subject to the specific Double Taxation Avoidance Agreement signed with your country of citizenship or residence. For more details, get in touch with us.
There is no restriction on the number of staff that can be hired. In fact, it is possible to operate an offshore company out of the Jebel Ali Free Zone without hiring any staff whatsoever. An office is mandatory, and the Jebel Ali Free Zone itself provides multiple office options for you to choose from. For more details on how you can open an offshore company in the Jebel Ali Free Zone, please call +971 55 113 4789 or email email@example.com