Jebel Ali LLP

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.