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Features of Jabel Ali Offshore Company Formation
Jabel Ali Free zone authority has formed some regulations in company formation beside it being a preferred offshore for the investors.
Some of the features of Jebel Ali Company formation are as follows:
100% foreign ownership is permitted
No minimum capital required
Total exemption on taxes and duty
No need to deposit the capital in
the bank
The minimum number of Directors should be two.
An offshore company should have one Secretary (resident of UAE). This secretary may also be one of the Directors of the company.
Flexibility to open a corporate bank account in Dubai and many more.
Limitations of Jebel Ali Offshore
Apart from the advantages, there are also some limitations set in company formation in Jebel Ali Offshore. Here, the bearer shares are not permitted, the company cannot rent local premises, the company cannot carry out business activities like advertising consultancy, insurance, banking, etc. And, the shareholders should visit Dubai physically.
With all of the above said, the investors opt for setting up offshore companies for various reasons. Some of them are complete asset protection, confidentiality and privacy in operations, simple business operations and control, tax exemption (personal, corporate, professional). Also, there is no requirement to fill audit reports and No Minimum capital requirement.
If you are looking for Jabel Ali company formation, Modern typing can assist you with the necessary procedures that include submission of essential documents, follow-ups, etc.
