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    Jafza Local Agent-Offshore

    Uploaded by

    Keshav Jha
    This document discusses JAFZA local agents and offshore companies. It explains that local agents are legal consultancy firms licensed by DED to represent offshore companies registered with JAFZA. Local agents can make requests and transactions on behalf of offshore companies. The document outlines the Dubai trade services available to local agents, including requesting letters and viewing company details for offshore companies registered under them. It provides an example process for how a local agent would interact with Dubai Trade to request a certificate of good standing on behalf of an offshore company.

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    Jafza Local Agent-Offshore

    Uploaded by

    Keshav Jha
    82 views3 pages
    This document discusses JAFZA local agents and offshore companies. It explains that local agents are legal consultancy firms licensed by DED to represent offshore companies registered with JAFZA. Local agents can make requests and transactions on behalf of offshore companies. The document outlines the Dubai trade services available to local agents, including requesting letters and viewing company details for offshore companies registered under them. It provides an example process for how a local agent would interact with Dubai Trade to request a certificate of good standing on behalf of an offshore company.

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    Jafza Local Agent-Offshore

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    This document discusses JAFZA local agents and offshore companies. It explains that local agents are legal consultancy firms licensed by DED to represent offshore companies registered with JAFZA. Local agents can make requests and transactions on behalf of offshore companies. The document outlines the Dubai trade services available to local agents, including requesting letters and viewing company details for offshore companies registered under them. It provides an example process for how a local agent would interact with Dubai Trade to request a certificate of good standing on behalf of an offshore company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    82 views3 pages

    Jafza Local Agent-Offshore

    Uploaded by

    Keshav Jha
    This document discusses JAFZA local agents and offshore companies. It explains that local agents are legal consultancy firms licensed by DED to represent offshore companies registered with JAFZA. Local agents can make requests and transactions on behalf of offshore companies. The document outlines the Dubai trade services available to local agents, including requesting letters and viewing company details for offshore companies registered under them. It provides an example process for how a local agent would interact with Dubai Trade to request a certificate of good standing on behalf of an offshore company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    JAFZA Local /Offshore Companies

    Basics:
    What are JAFZA Local Agents?
     Most, if not all, of them are Legal Consultancy firms. Licensed by DED they just
    registered themselves with JAFZA in order to be able to represent Offshore
    Companies.
     Represents Offshore Companies in JAFZA
     Makes transactions on behalf of Offshore Companies
     May have multiple Offshore Companies registered under them
     NOT FZ companies, they do not use the normal administrative JAFZA e-services
    (Visas, CEC)

    What are the Dubai Trade Services available to Local Agents?

    1. Offshore Letters – Local Agents can request commercial/legal letters from JAFZA on
    behalf of Offshore Companies.
     Certificate of Company Name Change – Offshore
     Certificate of Good Standing Offshore
     Letter of Incumbency
     Letter for Tax Exemption – Offshore
     List of Directors (Arabic or English)
     List of Directors and Share Holders (Arabic or English)
     List of Only Share Holders (Arabic or English)
     NOC Letter to DED – Arabic
     NOC Letter to Own Property – English

    2. Offshore View My Company Details – Local Agent can view details of any offshore
    company registered with them,

    3. E – Deposit - Local Agents can top up the Portal Deposit for Offshore Companies that
    are registered with them. (Note that top-up option is only PORTAL DEPOSIT).
    What are Offshore Companies?

     They are registered with JAFZA through a Local Agent. They cannot register directly
    with Dubai Trade.
     Typically, they do not conduct or maintain any operations in the UAE
     Sometimes, there will be hundreds of Offshore Companies registered under one
    Local Agent.
     Offshore Companies is an entirely new customer segment.

    So how does this work in Dubai Trade?

    This example illustrates how a Local Agent interacts with Dubai Trade and makes requests
    on behalf of the Offshore Company that they are representing.

    1. A Local Agent logins to Dubai Trade.

    2. Local Agent Selects a service (in this example, let’s say an Offshore Company is
    requesting for a Certificate of Good Standing from JAFZA)

    3. Clicks on Offshore Letters- Approval

    4. A Pop up will appear prompting the Local Agent to select the Offshore Company for
    whom they are requesting this service for.
    5. User selects by Account Number in the drop-down menu, the Offshore Company
    Name will be displayed when their Account Number is selected. Click on Select to
    finalize the selection

    6. User clicks on Create a New Request then select the letter (Certificate of Good
    Standing) that the offshore company was requesting for.

    7. The rest follows the standard procedure for submitting and paying* for requests to
    JAFZA

    *Each Offshore Company will maintain an individual Portal Deposit with JAFA used by Local
    Agents to pay for service charges.

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