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Jebel Ali Free Zone (JAFZA)

 

TYPE OF COMPANY International Company (IC)
Registered office in UAE Must be located within the Jebel Ali free economic zone. It can be rented from a secretarial company.  
Registered Agent Not required
Company Registration Period 2 - 3 weeks
Shelf companies No 
TAXES
Taxation Completely exempt from tax
Double Taxation Treaty Access No
Automatic Information Exchange Agreement​ No
SHARES and SHARE CAPITAL
Currency AED
Minimum Paid-Up Capital No fixed requirement
The maximum authorized capital No restrictions
Standard authorized capital 100,000.00 AED (there are no capital payment requirements) 
Bearer shares No
SHAREHOLDERS and BENEFICIARIES
Shareholders Natural or legal persons (no residency requirement)
The minimum number of shareholders One
Provision of Fiduciary Services Not allowed
Publicly available data on shareholders No
Disclosure of beneficiaries with any third party No
Requirement for Meetings of Shareholders Yes
Place of holding of Meetings of Shareholders Worldwide
DIRECTORS
Directors Natural persons (no residence requirement)
Minimum number of directors Two
Provision of Fiduciary Services Not allowed
Publication of information about the directors in the State Register No
Place of holding of Board of Directors Meetings Not required 
SECRETARY
Secretary Yes, a director can be a secretary as well
Publication of information about secretary in the State Register Yes
Provision of Fiduciary Services Yes
KEEPING OF RECORDS
Record keeping Required
Audit Yes
Filing reports No
Currency control No
ACTIVITIES
Business in UAE Yes. However, the general rule requires that a free zone company should operate within its free zone only
Buying a property in UAE Possible (but depends on developer)

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