Alongside this there is the possibility of setting up a so-called offshore company in the Jebel-Ali Freezone. These offshore companies can be used for a wide range of purposes, including almost any corporate activity. Offshore companies are often used as a holding company for or to acquire certain forms of real estate in the U.A.E.

The salient features of an Offshore Company are:

• Exemption from corporate tax

• 100 % foreign ownership

• No minimum capital requirements

• Simple registration

However, it has to be mentioned that the registration of an offshore company requires a leasing of office space in the Jebel Ali Freezone. There is an exemption from this requirement in the case that an agent is hired who is registered in the Jebel Ali Freezone.

Azhari Legal Consultancy is a registered agent for the registration of offshore companies. We are thus able to assist you in setting up your offshore company and to provide our subsequent services in order to avoid the expenses of an office lease.