The Jebel Ali Free Zone Authority (JAFZA) has issued the Jebel Ali Free Zone Authority Offshore Companies Regulations (“the New Offshore Regulations”).
The exact enforcement date is yet to be announced but we believe that an updated version of the New Offshore Regulations with the date shall be available soon.
Once enforced, the New Offshore Regulations will repeal and replace the Jebel Ali Free Zone Authority Offshore Companies Regulations 2003 in its entirety
The New Offshore Regulations is more investor friendly and provides additional opportunities for international investors to restructure their businesses in UAE.
Some of the key features of the New Offshore Regulations are:
Even as we wait for the guidelines to be released on these regulations it is important to state that the New Offshore Regulations are clearly based on international best practices and has been drafted to address markets needs and enable companies to operate smoothly
Being one of the top law firms in Dubai and a Registered Agent with the Jebel Ali Free Zone, James Berry & Associates have qualified and experienced lawyers in Dubai who can assist you with the interpretation of the Jebel Ali Free Zone Authority Offshore Companies Regulations
To know more contact Deepa - email@example.com
This is a general commentary on the subject matter and should not be construed as specific legal advice.
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