Business Setup in Jebel Ali Free Zone (JAFZA) - Be part of the prestigious business community! - JAFZA (Jebel Ali Free Zone), the world’s largest free zone was incepted in the year 1985. JAFZA acts as a catalyst to the economic growth of Dubai and the region. The Jebel Ali Free Zone is located in the Jebel Ali Area at the far western end of Dubai, United Arab Emirates. Over the last three decades JAFZA has develped as a thriving business hub of the region.
JAFZA has evolved as a growth engine with unique business ecosystem that extends enviable growth opportunities at reduced cost. The state of the art infrastructure, business friendly environment and visionary leadership has attracted business houses and entrepreneurs across the world to Jebel Ali Free Zone for setting up their regional hub. Today, Jebel Ali Free Zone accommodates more than 7000 companies from over 100 countries. JAFZA offers more than 144000 jobs and attracts 32% of the UAE’s FDI (Foreign Direct Investment).
For more information about “Company Formation in Jebel Ali Free Zone – JAFZA”, please refer the FAQs and Answers given below:
What are the advantages of setting up a business in Jebel Ali Free Zone – JAFZA?
100% foreign ownership.
0% corporate tax for 50 years (a concession that is renewable).
No restriction on capital repatriation.
0% import or re-export duties.
0% personal income tax.
No currency restrictions.
No restriction on foreign talent or employees.
Ability to mortgage your premises to a bank or financing company.
Most competitive locations to establish and grow your business.
Connected with national and international business community.
Opportunity to get connected with a peer group of highly successful business leaders.
Easy operating environment and simplified procedures.
What are the formation types available in JAFZA for setting up a business?
Jebel Ali Free Zone (JAFZA) offers different formation types to enable the investors to establish a business in accordance with their requirements. The most important factor determining the formation type (legal form) for the business being established in JAFZA is “the number of shareholders.”
Jebel Ali Free Zone (JAFZA) offers three formation types:
Free Zone Company (FZCo)
This form is suitable for business owned by multiple shareholders. JAFZA permits 2 (two) to 50 (fifty) shareholders to setup a Free Zone Company (FZCo) in Jebel Ali Free Zone. Individuals (natural persons) and/or Non-Individuals (artificial juridical persons like company) are permitted to be shareholders in a FZCo in JAFZA.
Free Zone Establishment (FZE)
This form is suitable for establishing business with a single shareholder. JAFZA allows both an Individual and Non-Individual (artificial juridical persons like company) to register a FZE (Free Zone Establishment) in Jebel Ali Free Zone.
Branch of a Company
An entity established outside Jebel Ali Free Zone can register a branch within JAFZA. A branch will be owned 100% by the parent entity and should conduct the same business under the same name.
Public Listed Company (PLC)
JAFZA also permits to establish a Public Listed Company with 2 (two) or more shareholders. PLC can invite public to subscribe its shares and the shares must be listed in a Stock Exchange as per the applicable rules and regulations.
What are the types of license issued in Jebel Ali Free Zone – JAFZA?
JAFZA issues the following three broader categories of license for establishing a business within Jebel Ali Free Zone:
Trading License – allows the license holder to engage in trading activities (import, export, trade and store) on the items specified in the license. A General Trading License offers wider scope in trading activities and items dealt with.
Service License – entitles the license holder to carry out specific service activities specified in the license.
Industrial License – permits the license holder to engage in industrial activities (import of raw material, manufacture of licensed products and export of the finished products.
The type of business license (Trading, Service, and Industrial) depends on the business activity selected by you.
What are the business activities permitted within Jebel Ali Free Zone – JAFZA?
JAFZA permits a wide range of business activities within the Free Zone. All these activities are grouped under three categories:
Investors may finalize the activities and nature of their proposed business; then find out the most suitable activity from the list of approved activities in JAFZA.
What are the types of facilities (Products) available for setting up business in JAFZA?
JAFZA offers a wide variety of products (facilities and infrastructure) to satisfy the diverse business needs of investors. You can select the most appropriate product (facility) for setting up your business in Jebel Ali Free Zone.
Here is a list of tailor-made facilities available in Jebel Ali Free Zone – JAFZA:
Plots of Land – For short term and temporary lease. Ideal for constructing own facility.
Warehouses – Pre-built warehouses for storage and light manufacturing.
Showrooms – Each unit has dedicate warehouse, office and showroom space.
Offices – A wide range of unfurnished office space for lease in high and low rise buildings.
Business Park – Ready to use, furnished and equipped offices with no setup cost.
Retail Outlets – Ideal for setting up food outlets and shops.
On-site Residence – Accommodation for company staff within the Free Zone.
JAFZA Traders’ Market – Suitable for bulk and retail online and offline trading.
Mr. Baiju Masoodu is a Free Zone Business Set-up Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Jebel Ali Free Zone (JAFZA) and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: email@example.com