Q-2. Can my Jebel Ali Offshore Company sponsor a UAE residence visa?

No. A Jebel Ali Offshore Company is a non-resident entity and cannot sponsor employment or investor visas. It is not meant for residency purposes.

Q-3. Is it mandatory to audit my offshore company's accounts every year?

Yes, as per the Jebel Ali Offshore Company regulations, you must have your company's financial statements audited annually by a UAE-accredited auditor.

Q-4. Can I use my Jebel Ali Offshore Company to own property anywhere in Dubai?

You can own property only in specific freehold areas designated by the Dubai Land Department. Your registered agent can provide you with an updated list of these approved areas.

Q-5. How long does the Jebel Ali Offshore Company formation process take?

If all your documents are in order, the entire process can be completed in as little as 7 to 10 working days. However, document attestation and bank account opening can add more time.

Q-6. What is the difference between an offshore company and a free zone company?

A free zone company is designed to operate within its specific free zone in the UAE and can sponsor visas and have a physical office. A Jebel Ali Offshore Company is a non-resident entity designed for international business and cannot have a physical presence or staff in the UAE.

Q-7. Is my information truly confidential?

Yes, the details of shareholders and directors are not part of any public record. The Jebel Ali Offshore Authority will only disclose information if required by a court order under UAE law, typically in connection with a criminal investigation.

Q-8. Can I change my registered agent later?

Yes, you can change your registered agent. This involves passing a board resolution and submitting the required forms to the Jebel Ali Offshore Authority.

Q-9. What happens if I fail to pay the annual renewal fee?

If you don't pay the renewal fee on time, your company will lose its good standing. The authority will impose penalties for late renewal. If the fees remain unpaid for an extended period, the authority has the right to strike the company off the register, meaning it will cease to exist legally.

Q-10. How many bank accounts can a Jebel Ali Offshore Company have?

There is no limit. Your company can open multiple bank accounts in different currencies in the UAE and in other countries around the world, depending on the policies of the respective banks.

Jebel Ali Offshore Company Formation

Frequently Asked Questions (FAQs)

While it is highly recommended to visit Dubai to sign the incorporation documents and open a bank account in person, some registered agents may offer solutions for remote setup. However, banks in the UAE almost always require a personal meeting with the account signatory.

Offshore Company Formation in Jebel Ali

Frequently Asked Questions (FAQs)

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Offshore Company Formation in Jebel Ali

Frequently Asked Questions (FAQs)

Q-1. Do I need to visit Dubai to set up my Jebel Ali Offshore Company?

Q-2. Can my Jebel Ali Offshore Company sponsor a UAE residence visa?

Q-3. Is it mandatory to audit my offshore company's accounts every year?

Q-4. Can I use my Jebel Ali Offshore Company to own property anywhere in Dubai?

Q-5. How long does the Jebel Ali Offshore Company formation process take?

Q-6. What is the difference between an offshore company and a free zone company?

Q-7. Is my information truly confidential?

Q-8. Can I change my registered agent later?

Q-9. What happens if I fail to pay the annual renewal fee?

Q-10. How many bank accounts can a Jebel Ali Offshore Company have?

Why Choose SafeLedger?

100% Compliant

1-Day Delivery

Fully Online

Expert Drafting

Business Setup Across All Zones in UAE

Related Sub Services

Blogs