Business setup in Jebel Ali Free Zone (JAFZA)

0

Jebel Ali free zone is the largest and finest free zone in the world. The best place to setup your business is in the Jebel Ali Free Zone. It was established in 1985 and has grown to one of the world’s largest free zone with 57 square kilometers in area. Today it is the home to more than 6000 companies including 120 plus fortune 500 companies. It is the world’s most preferred logistic destination. Jebel Ali free zone is ideally located adjacent to Jebel Ali seaport which makes it the best place for international business and trade. It is also near to Al Maktoum International Airport and also to the proximity to Dubai International airport.

JAFZA became the first and the main free zone in the region and the world to win the ISO certification in 1996 and today it is one of the reliable brands in the gulf region that remains for brilliance and innovation. JAFZA has been one of the real contributors to the driver the exceptional monetary development in Dubai and the UAE’s throughout the years. JAFZA companies give substantial help to Dubai’s economy by opening business doors and other monetary segments, for example, transportation, hospitality, tourism, and trading sectors.

Jebel Ali Free Zone Services and products

  • Company formation in Jebel Ali free zone provides access to business parks
  • You can get a Plot of land to Business setup in JAFZA
  • Jebel Ali free zone facilitate investors with onsite residence
  • Business setup in Jebel Ali free zone provides access to traders Market
  • Company incorporation in Jebel Ali free zone provides access to showrooms
  • Business setup in Jebel Ali free zone will provide you the facility of Warehouses
  • Jebel Ali free zone provides state of the artfully furnish offices
  • Business setup in Jebel Ali free zone provides access to retail outlets

Registration and Activities in JAFZA:

For business setup JAFZA issues various types of licenses:

General trading license: This type of license holder is allowed to import, distribute, and store the items as per Jebel Ali free zone authority rules and regulations.

Trading license: This type of license holder is allowed to import, export, distribute, and store items specified on the license issued by an authority.

Industrial license: This type of license holder is allowed to import raw material to carry out the manufacture of products and export the finished product to any country specified in the license.

Service license: This type of license allows the holder to perform the services specified in the license within the Free Zone.

National industrial license: This type of license is designed for manufacturing companies with an ownership or a minimum of 51% AGCC (Arabian Gulf Co-operation Council). This license allows the license holder the same status as a local or AGCC owned companies inside the UAE.

Company formation types in Jebel Ali Free Zone (JAFZA)

JAFZA offers three types of business/company formations depending on the number of shareholders and the type of business.

Multiple shareholders:

Under multiple shareholders, there are two types of company formation options available

  • Free zone Company (FZC)
  • Public listed company (PLC)

Free Zone Company (FZC)

Business setup as a Free Zone Company (FZC) in Jebel Ali Free Zone can be done with two to 25 shareholders. These shareholders can be individuals, (people), non-individuals (companies), and sometimes a combination of both.

Public Listed Company (PLC)

Business setup as a Public Listed Company (PLC) in Jebel Ali Free Zone can be done with two to 25 shareholders. These shareholders can be individuals (people), non-individuals (companies), and sometimes a combination of both. A PLC is essentially a Limited Liability Partnership within the Free Zone.

Single shareholder

A single shareholder can register a Free Zone Establishment (FZE) in Jebel Ali Free Zone whether an individual or a company to conduct business activities. An FZE is essentially a Limited Liability Company in the Free Zone. The liabilities of the company are limited to the paid-up capital.

Any existing established entity/ Branch

A branch is considered a legal entity of its parent company and is 100% owned by its parent company, it works under the same name and performs the same type of business.

Documents Requirements for All types of Applications:

In order to apply for a JAFZA business license and JAFZA products, one would need the following type of documents. The requirement of documents depends on the type of business setup:

  • An application form
  • Manager’s passport copy (shareholder(s) included if apply)
  • Summary of business activity
  • No Objection Certificate (NOC)from a local Sponsor (only a UAE resident)
  • Undertaking Letter of environment, Health & Safety

Documents Requirements for FZE and FZCO Companies

  • Business profile of Shareholder(s)
  • JAFZA attested board resolution
  • JAFZA attested specimen signature of the manager
  • Duly notarized and attested Certificate of Company Registration by Embassy of UAE
  • Duly notarized and attested Memorandum of Association by Embassy of UAE
  • Duly notarized and attested Article of Association by Embassy of UAE

Documents requirements for Branch Office 

Branch Office (Overseas)

  • Duly notarized and attested Board Resolution or Owner Declaration Form by Embassy of UAE
  • JAFZA attested specimen signature of the manager
  • Duly notarized and attested Certificate of Company Registration by Embassy of UAE
  • Duly notarized and attested Memorandum of Association by Embassy of UAE
  • Duly notarized and attested Article of Association by Embassy of UAE

 Branch Office (UAE)

  • To open a JAFZA branch a Letter from the parent company
  • Copy of Memorandum of Association
  • Article of Association
  • Copy of license
  • Certificate copy of the Chamber of Commerce
  • Original Board Resolution
  • JAFZA attested specimen signature of the manager

Business setup advantages in JAFZA:

  • Jebel Ali free zone offers 100% foreign ownership on Business setup
  • Jebel Ali free zone has 0% corporate tax for 50 years on a company
  • Jebel Ali free zone offers full repatriation of capital and profits on Business setup
  • Jebel Ali free zone provides cost-effective solutions to your business setup
  • Company incorporation in Jebel Ali free zone provides 0% import or re-export duties
  • Business setup in Jebel Ali free zone offers 0% personal income tax
  • Company formation in Jebel Ali free zone benefits you with no currency restrictions
  • Business setup in Jebel Ali free zone offers no restriction on hiring foreign employees
  • Jebel Ali free zone provides the facility of mortgage owned premises on leased land
  • Company formation in Jebel Ali free zone provides access to abundant energy makes it cost-effective to conduct product

We at MSZ corporate services provider and PRO services are ready to guide and assist you to set up your business in Jebel Ali Free Zone. For any inquiries contact us at +971562181007 or mail us at info@msz.ae

Leave a Reply

shares