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The offshore company formation process is initiated by one or more person(s), who may be either natural or juristic (each an "incorporator"), submitting a signed application form to the Registrar of offshore companies at JAFZ (the "Registrar") together with the relevant prescribed supporting documents.

Every in- cooperator is deemed to have agreed to become a shareholder of the new offshore company.

The offshore company's objects should normally be stated in the application form, but it is sufficient to state that the objects of the offshore company are to "engage in any lawful act or activity for which offshore companies may be organised under the Jebel Ali Free Zone Offshore Companies Regulations 2003".

An offshore company is free to carry out any lawful activity other than banking or insurance business.

However, the Registrar is empowered to add to the list of prohibited activities from time to time. The proposed capital of the offshore company should also be stated in the application form should include the full names and addresses of the incorporators, the number of shares proposed to be held by them and the value of the shareholding.


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