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Dubai (Jebel Ali)

Special Status Non-Resident Company (Company limited by shares)

JAFZ Special Status Non-Resident Companies are offshore companies incorporated in the Jebel Ali Free Zone (Dubai).

JAFZA Non-resident companies are entitled to do business internationally and may not carry out trade or business within UAE, or any free zone.

This includes rent offices or facilities within the territory. But they may exceptionally acquire real estate in UAE in designated areas and in government-approved development projects.

JAFZA Non-resident companies are also allowed to have relationship with residents providing certain professional services such as legal or consulting, and they have access to the banking system and can open corporate bank accounts in UAE.

The banking sector in UAE is considerably solid and capitalized, being the main financial hub of the region, the Dubai International Financial Center, and another sizeable and expanding financial center, the Abu Dhabi Global Market.

Offshore companies in JAFZA are generally used to carry out activities such as international trade, overseas consulting and advisement, international professional services, holding company, hold intangible assets, investment and joint investment company, intermediary brokers, overseas property owning, shipping and ship management.

Any activity related to banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management or trusteeship, is strictly prohibited.

JAFZA Non-resident entities are fully exempt from all taxes, and only subject to a license fee, which must be renewed annually.

As they are considered non-residents for tax purposes, they cannot benefit from UAE tax treaties. However, they are usually authorized to own shares of FZ or local companies, or even establish a branch onshore.

One of the strengths of incorporating an offshore company in UAE, is that, despite being a tax-free jurisdiction, it has prestigious internationally and good press, especially Dubai.

So, if the incorporation is not merely for holding purposes and you have public exposure, you may benefit from a high reputation jurisdiction. Where your company will not be susceptible of being considered obscure or set for illegitimate purposes, while enjoying all economic and legal advantages of an offshore entity.

UAE has signed up the OECD's Automatic Exchange of Information for tax purposes (AEoI) and is committed to undertake the first exchanges of information through Common Reporting Standard (CRS) in 2018.

A JAFZ Non-resident special status company is a powerful instrument for international trade, online business, asset protection, wealth management, tax planning and optimization.

Taxes

Corporate income tax – Companies incorporated in JAFZA under the JAFZA Offshore Companies Regulations are exempt from all forms of taxation. All trading income, investment income, capital gains, compensations, rents and royalties derived from outside of U.A.E. are free from taxes.

Other taxes – In U.A.E. there is no personal income tax, capital gains tax, real property tax, inheritance tax or estate duty, capital transfer tax, gifts tax or wealth tax.

There is a real property tax levied on the transfer of properties, at rates that vary from 2% to 4%, depending on the Emirate where the property is located. Some municipalities, e.g. Dubai, also levy an annual property tax on the assessed rental value of the property.

Currently, there is no value-added tax. However, in 2018, it will be introduced a V.A.T. at a 5% on most goods and services.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 0% Personal Income Tax Rate
  • 0% VAT Rate
  • 76 Tax Treaties

Country details

United Arab Emirates
AED
Abu Dhabi
Asia
a r - A E , f a , e n , h i , u r
4975593

The United Arab Emirates is a former British protectorate and currently a federation of the Middle East, located to the east of the Arabian Peninsula. It borders Oman to the southeast, with the Persian Gulf to the north and Saudi Arabia to the west and south. It is composed of a hybrid monarchy consisting of 7 emirates, Abu Dhabi, Ajman, Dubai, Fujairah, Ras al Khaimah and Umm al Qaywayn.

It has a population of 9 million. Its capital is Abu Dhabi, but the most populated and popular city is Dubai. Arabic and English are their official languages. The official currency is the United Arab Emirates Dirham (AED), pegged to the US dollar at an exchange rate of 3.67:1.

The Supreme Council, made up of each emirate Sheikhs, is the highest political decision-making body in the country. Although each Emirate retains a considered political, economic and judicial autonomy, with different rules and regulations.

The federation is one of the richest countries in the world, supported by a liberal and open economy with the eighth highest per capita income worldwide and a considerable annual trade surplus.

Having the seventh largest oil reserve in the world, its economy is clearly dependent on this commodity fluctuations. In recent years efforts have been made to diversify the economy, be less oil-dependent and develop sectors such as retail, financial and tourism.

A clear example of this strategy is the establishment of free zones to attract foreign capital to invigorate the private business sector.

Especially in Dubai, where oil and gas, barely represent 3% of the economy. Positioning itself as the regional retail hub and a major player in the export market of industrial and manufactured goods, with the 9th largest port worldwide in terms of volume of goods.

As well as being the largest financial hub in the region and being positioned as a top tourist and entertainment destination, where the most luxurious hotels worldwide are located, which in turn is the engine of the real estate, infrastructure and retail sectors.

The Jebel Ali Free Zone is in the Emirate of Dubai and is the main trading hub of the Middle East, located around the world’s largest artificial port and the ninth in volume of goods.

Although conceived for the distribution of goods throughout the Arabian Gulf, it currently supports the formation of companies from a wide range of activities ranging from commercial, manufacturing, e-commerce or professional services.

Tax treaties

Country Type Date Signed
Tunisia DTC  1996-04-10
Portugal DTC  2011-01-17
Comoros DTC  2015-03-26
Slovenia DTC  2013-10-12
Guinea DTC  2011-11-13
Georgia DTC  2010-11-25
Morocco DTC  1999-02-09
Bangladesh DTC  2011-01-17
Algeria DTC  2001-04-24
Uruguay DTC  2014-10-10
Switzerland DTC  2011-10-06
Uzbekistan DTC  2007-10-26
Estonia DTC  2011-04-20
Mexico DTC  2012-11-20
Sudan DTC  2001-03-15
Montenegro DTC  2012-03-26
Hungary DTC  2013-04-30
Libya DTC  2013-04-01
Fiji DTC  2012-08-01
Mauritius DTC  2006-09-18
Panama DTC  2012-10-13
Serbia DTC  2013-01-13
Yemen DTC  2001-02-13
Lebanon DTC  1998-05-17
Lithuania DTC  2013-06-30
Cyprus DTC  2011-02-27
Latvia DTC  2012-03-11
Kyrgyzstan DTC  2014-12-07
Venezuela DTC  2010-12-11
Armenia DTC  2002-04-22
Seychelles DTC  2006-09-18
Egypt DTC  1994-12-04
Russian Federation DTC  2011-12-07
Ireland DTC  2010-07-01
Kenya DTC  2011-11-11
Japan DTC  2013-05-02
Luxembourg DTC  2005-11-20
Poland DTC  1993-01-31
Spain DTC  2006-02-04
Romania DTC  1993-04-11
Belgium DTC  1996-09-30
Mongolia DTC  2001-02-21
Ukraine DTC  2003-01-22
Korea, Republic of DTC  2003-09-22
Kazakhstan DTC  2008-12-22
Thailand DTC  2000-03-01
Pakistan DTC  1993-02-07
Bulgaria DTC  2007-06-26
Czech Republic DTC  1996-09-30
New Zealand DTC  2003-10-22
Austria DTC  2003-09-22
Malta DTC  2006-03-13
Netherlands DTC  2007-05-08
Italy DTC  1995-01-22
Germany DTC  2010-07-01
Mozambique DTC  2003-09-24
Turkmenistan DTC  1998-06-09
China DTC  1993-07-01
Philippines DTC  2003-09-21
Finland DTC  1996-03-12
Greece DTC  2010-01-18
Singapore DTC  1995-12-01
Belarus DTC  2000-02-27
France DTC  1989-07-19
Tajikistan DTC  1995-12-17
India DTC  1992-04-29
Malaysia DTC  1995-11-28
Turkey DTC  1993-01-29
Sri Lanka DTC  1992-07-07
Indonesia DTC  1995-11-30
Azerbaijan DTC  2006-11-20
Bosnia and Herzegovina DTC  2006-09-18
Canada DTC  2002-06-09
Viet nam DTC  2009-02-16
Syrian Arab Republic DTC  2000-01-26
Brunei Darussalam DTC  2013-05-21

Procedures

We can help you incorporate a Special Status Non-Resident Company (Company limited by shares) in United Arab Emirates for $5,300.


Description


Jebel Ali Free Zone Non-Resident Company (Dubai, UAE) –  US$5,300.00 (All included)


We pride ourselves in providing the best possible professional service which includes our honest hassle free “No Hidden Fee” policy. Your incorporation package includes:



  • Government incorporation and filling fee

  • JAFZA License fee

  • Bound set of Constitutional Documents

  • Certified Copies of Constitutional Documents for bank account opening

  • Registered Agent & Registered Office Fee

  • Courier fees


Time to form: 2 weeks.


All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.


Bank Account Options



  • Dubai Bank Account (In-person) – US$900.00

  • Offshore Bank Account* (Remotely) – US$300.00

  • Mauritius Bank Account (Remotely) – US$500.00

  • Curaçao Bank Account (Remotely) – US$500.00

  • Bahamas Bank Account (Remotely) – US$500.00

  • Hong Kong Bank Account (In-person) – US$1,200.00

  • Singapore Bank Account (In-person) – US$900.00

  • Crypto-Friendly Bank Account (Remotely) – US$3,000.00


We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we are happy to help you with introductions that can empower your business.


*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia.  Other bank account options may be available depending on business profile and turnover.


Annual Fees (2nd year) –  US$4,800.00


Including:



  • JAFZ License Fee

  • Registered Agent & Registered Office Fee





Click here to incorporate your United Arab Emirates NRDC.

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Disclaimer

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