Freezones in the United Arab Emirates are the most popular choice among the investors who are willing to start their business in this Arab land. The reason for their choice is the innumerable benefits offered by the freezones to start-ups and foreign companies. Jebel Ali free zone company setup is one such perfect choice for budding entrepreneurs.
Companies within Jebel Ali Free Zone (JAFZA) operate under the independent authority of the freezone, without a legal formality of inclusion of a UAE sponsor or a local service agent for company formation in JAFZA. JAFZA regulates the activities of all firms within the region and issues operating licenses respectively as per requirement.
What is JAFZA?
Established in 1985, JAFZA is one of the oldest freezones in Dubai, UAE. It has accommodated over 7000 domestic and foreign companies, including trading firms, manufacturing plants, factories, and storage units. Trading in JAFZA is a convenient task due to its proximity to the seaport and international airport. Moreover, the cargo clearance times and costs are reasonable in this area. Often logistics and shipping companies choose JAFZA as their working home.
Jebel Ali Free Zone company setup gives your business ideas great flexibility and an infinite amount of business activities to choose from. For instance, hospitality services, project management, waste management, manufacturing, transport, freight services, and many more.
Company setup in JAFZA comprises of the following categories:
- Free Zone Establishment(FZE) – The establishment is held by a single individual or a shareholder.
- Branch Office of a Company – The companies outside JAFZA can open their branch companies within JAFZA. The branch will be fully under the control of their parent company and will perform the same activities as well.
- Free Zone Company(FZCO) – The company can be held by a minimum of 2 to a maximum of 50 shareholders.
- Special Status Non-Resident Offshore Company – According to JAFZA Companies Regulations Act 2013, an individual or company can establish an offshore business within JAFZA. The established business will have corporate legal existence with the status of non-resident.
Therefore, if you are planning to set up your business in JAFZA, you might be amazed by the profits they have to offer. Our team of Shuraa can be your guide for an easy and convenient company formation JAFZA.
Benefits of Jebel Ali Free Zone Company Setup
JAFZA is a highly recognized and reputed freezone in the UAE. Company formation in JAFZA can be an excellent idea with the given advantages:
- Full ownership of the company lies in the hands of the investor. JAFZA company setup does not demand a UAE sponsor.
- There is no restriction in hiring foreign employees
- Exemption from taxes and customs duties.
- There is no restriction on foreign currency.
- The investor is allowed to send the earned capital to his home country.
- The owner can choose up to 12 business activities under one license.
- JAFZA houses the biggest seaport in the UAE.
- It offers warehouses and lands for your trading activities.
- Opening a corporate bank account is an easier task with the assistance of local banks.
- The incorporation process is simple and time-saving.
- It makes your company eligible for resident visas, valid for 3 years.
- JAFZA provides a good support system, brilliant infrastructure, and excellent communication.
- Electricity and other required facilities are provided at a reasonable price.
- JAFZA companies can hold shares in LLC and other companies in UAE freezones.
- JAFZA maintains a business-friendly environment and regulations for the companies.
Business licenses available in JAFZA
The types of licenses issued by JAFZA authorities are as follows:
- Trading license – For companies planning to engage in trading activities.
- Industrial license – For companies planning to carry out manufacturing activities.
- Service license – For companies planning to provide different kinds of services in JAFZA.
- E-Commerce license – For the companies who wish to trade goods via online platforms.
- Innovation license – For the companies involved in the development and invention of new products.
- Offshore registration – For the entrepreneurs planning to establish an offshore company in JAFZA.
Registration of license does not require the presence of the owner of the business. However, the owner needs to be present in the UAE for the renewal or cancellation of the license, even for the liquidation of the company.
Also read post: Top 7 Business Ideas in Dubai
Facilities available in Company formation JAFZA
If you are willing to establish your venture in JAFZA, you have to consider an office space to conduct your business tasks. In addition to that, JAFZA delivers a vast range of facilities:
- Plots of land
- Warehouses & storage units
- Showrooms & offices
- Work stations
- Customised development solutions
- Business Park
- Retail outlets
- On-site residences for the staff
Steps for Jebel Ali Free Zone Company Setup
The incorporation of a foreign business in JAFZA is straightforward. It can be accomplished following the below procedure:
- Determine the form of business you want to start.
- Apply for a license as per your business requirements.
- Submit the required documents to the concerned department.
- Make payment for the company set up process.
- Get the final approvals from the JAFZA authorities.
- Obtain the license.
Documents required for Jebel Ali Free Zone Company Setup
The documentation and other paperwork for company formation depend on the type of business you have chosen to run. However, the general documents required for this purpose are:
- Copy of passport of the owner and other shareholders, if any
- Curriculum vitae of the owner and other shareholders, if any
- Application form
- Letter of Intent
- Reference letter of the bank
- 6 months bank statement of shareholder
- No Objection Certificate(NOC) by the UAE local agent
- Business plan or a summary of your business project
- Trading name registration certificate or approval from the authorities
Jebel Ali free zone company setup takes two to four weeks to establish successfully.
Conclusion
JAFZA is ranked among the top ten freezones in the world. It is considered a prestigious place to be in. For over two decades, it has been a host to large enterprises and corporations in the UAE. More than 50% of exports and 20% of foreign investments in Dubai is contributed by Jebel Ali Free Zone. JAFZA has connections with most markets worldwide because of its geographical positioning, strategic location in Dubai, and high-class infrastructure. Due to its supreme benefits and excellent customer service, JAFZA is one of the popular business hubs for potential industrialists and companies.
Start now! Launch your dream venture in the UAE!
Let’s have a chat about your business prerequisites and let us advise you on the best approach. Give Shuraa Business Setup a chance to assist you with the company formation in JAFZA! We provide the best consultation and support to successfully register, and establish businesses in the UAE. Our finest services and corporate structure will help your venture grow and flourish in your favorite destination.
To get the latest updates about Jebel Ali Freezone and offers for business setup in JAFZA, call on +971 44081900 or send a WhatsApp message at +971 50 777 5554. You can also connect over email by sending us your query at [email protected].
