In 2003, the Jebel Ali free zone authority (JAFZA) established laws for the registration of JAFZA offshore companies within the Jebel Ali free zone.
International financial regulators hold JAFZA offshore in high regard.
It is permissible to have 100 percent foreign ownership.
A bank account for a JAFZA-registered offshore corporation can be opened in multiple currencies
A registered agent is required to register a JAFZA offshore corporation.
A JAFZA offshore corporation is not permitted to rent an office in the United Arab Emirates.
In order to form the firm, shareholders must come to JAFZA in person.
The offshore firm JAFZA is unable to perform banking or insurance activities.
The Dubai Land Department has granted JAFZA the right to own freehold homes in Dubai.
Offshore enterprises operating in the JAFZA zone are permitted to own shares in onshore businesses.
On the public register, the names of stockholders and directors are not listed.
According to the Ministry of Economy, all offshore enterprises must submit an ESR notification starting January 2019.
Government-imposed VAT does not apply to offshore companies.
