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If you’re looking for a business set up in UAE then I’m already considering you’ve got a keen knowledge of Free Zone places. Free zones in UAE offers a host of incredible and attractive benefits, such as complete foreign ownership, exemption of taxes, no currency restrictions and complete exemption of import and export tax. UAE Free zones are a cornerstone of the UAE business landspace, making it the third most profitable business after oil-trade.
With all of these benefits and impressive features, there are some limitations that you should consider while doing a company formation in one of UAE’s free zone. Each free zone offers up a range of perks that is different in other regions. So if you’re looking for a general trade zone, where you can enjoy all the countries free zone benefits is Jebel Ali Free Zone.
Established in 1985, Jebel Ali Free Zone (JAFZA) is one of the oldest and largest free zone establishment in the Middle East. From the beginning, the key incentive of JAFZA was to create an international business hub for foreign investors that offers valued financial industry clients and a wide range of valued features like excellent logistics, high-class infrastructure, and strategic business location.
In the last few years since its formation, JAFZA offers a leading hub for logistics and ease of access to a market of 3.5 billion people. From 19 companies at the start to 10,000+ companies from over 110 countries, sustaining 135,000+ Jobs and now contributes 23.8% in Dubai GDP growth.
Companies operating in JAFZA benefit from incentives to exemptions in this free zone. Most companies in JAFZA deals in foreign export. Among the main incentives that foreign investors benefits are:
Jebel Ali Free Zone is the flagship free zone of the modern world. JAFZA is determined to remain a powerful symbol to help the business industry and the economy of Dubai, providing unlimited possibilities for business development. JAFZA is one of the most efficient sea-air hub, complete with a superhighway that can transport goods to the other region of the world. Having a business in one of the world’s most leading business hub is a profitable task. The benefits and opportunities you can get in this free zone region are unlimited. JAFZA has manifested itself as a globally renowned industrial and commercial hub, attracting foreign investors from the Middle East, South Asia, Europe, Africa, America and other nations of the world. So why not set up a business where all the giants are situated. Depending on your nature of business and shareholders type, JAFZA offers three types of licenses, three formation types and a wide variety of business activities
Setting up a company in JAFZA offers the following formation types.
A single shareholder, individual or business entity can register itself as a Free Zone Establishment (FZE) in JAFZA free zone. An FZE is essentially a limited liability partnership within the free zone, in which liability of the company is limited to the paid-up capital. It holds a different identity and has certain rights and privileges.
In multiple shareholder company, company ranges between 2–50 shareholders, that can be individuals or a business entity. It is essentially an LLC within the free zone.
A well-established company has full rights to set up a branch in JAFZA.
Each business license has its own privileges and business infrastructure that you can carry. Let’s have a look at different trade license that you can acquire in Jebel Ali Free Zone.
The business entity involved in the manufacturing and production of general goods.
The business entity involved in legal as well as professional activities can acquire a service license in JAFZA.
Dubai is where innovation and creativity start at a business level. The city is focusing on building a successful innovative-based model for the economy. Keeping this in mind, JAFZA is offering an innovation license that you can hold.
Companies with Government of UAE involvement and who has acquired 51% of ownership, need to acquire a national industrial license.
Companies that are entrusted in trading business and import/export needs to hold a trading license.
Since the internet industry is massively evolving and Electronic business is slowly replacing physical business, E-commerce license is introduced in this free zone. This license is mandatory if you want to set up an E-commerce business in JAFZA.
Since you have seen all the licensing and company formation types, now is the time for general registration documentation. To initiate the process of holding a business license, the following essentials are to be submitted to the free zone authority:
The documentation varies for each business license and company formation type. Contact us for detailed documentation and process required for all registration.
Jafza is one of the world’s most competitive and innovative location to establish a business organization. It offers a vibrant network of a business-friendly environment and excellent logistics matrics. The excellent strategic locations make it the only free zone in the world that is situated between the airport and seaport. It has boasted some of the biggest names of our business world including Nestle, Exxon Mobile, Proctor, and Gamble, Toshiba, General Electric, Rolls Royce, etc. The other features that make it an ideal location for company formation are:
In a nutshell, we can say that JAFZA serves as one of the best business operations for foreign investment. The entities have many business freedom and exemption benefits. We at Setup business helps you to obtain the same. Setup Dubai Business has been facilitating Small and medium-sized business entities as well as multi-national investment to established an unparalleled business operation in JebelAli Free Zone. Our value-added services include legal accounting, business plan, support services, taxation, legal, and visa services. We have a dedicated team of experts that can help you obtain your business license in a completely hassle-free way. Have any question regarding our services and company formation in JAFZA, send us a quick inquiry. Drop in your details and one of our representative will call you back.
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