Jebel Ali LLP

Jebel Ali Limited Liability Partnership is the mode of establishing small-scale partnerships under a new form of business structure.

The new structure will remove the difference between two types of firms: sole proprietorships/partnerships – the liability of whose partners is unlimited, and the firms whose sponsors enjoy the benefits of the Jebel Ali limited liability Partnership.

 

Key Features of Jebel Ali LLP

Jebel Ali LLP

Corporate Details

General

  • Type of company

Limited Liability Partnership (also known as FZCO)

  • Registered office and Agent

No

  • Double taxation treaty access

Yes

  • Company seal

Optional

  • Can bid government contracts

Yes

  • Access to Double Taxation

Yes

  • Shelf companies available

Yes

Shareholders and Directors

  • ·         Minimum Number

One

  • Local representative

No

  • Disclosure of the beneficial owners  to the Registrar

No

  • Disclosure of the beneficial owners  to the Registered Agent

Yes

Shares and initial capital

  • Classes of Shares
Registered Shares
  • Annual Reporting

No

  • Minimum paid up share capital

US$ 136200

Other

  • Must file Annual Tax return

No

  • Must File Annual Financial statements

Yes

  • Must appoint an auditor

Yes

 

Tax treatment

A Jebel Ali LLP is tax exempted.

 

Duration for set up the Partnership

Three months

 

Distinctive Advantages of Jebel Ali LLP

  1. Jebel Ali business setup, UAE is a tax-free country.
  2. Jebel Ali offshore company setup offers 100% ownership
  3. Physical office not required for offshore company incorporation in Jebel Ali
  4. UAE residents can incorporate a Limited Liability Partnership in Jebel Ali.
  5. No filing of audited financial statements for UAE offshore companies
  6. No agreements with other countries for taxation related information exchange

 

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.