Setting up a company with JAFZA: What should we remember?

 The Jebel Ali Free Zone has long served as a global logistics and trade hub. However, the number of shareholders and the type of business determine the establishment of a company in the Jebel Ali Free Zone. Hikamat Fayad provides a wide range of Business Setup Services In Dubai. Therefore, if you are thinking of settling there, you will need the best JAFZA business creation services.


This post will teach you all you need to know about starting a business in JAFZA. You will understand what this free zone is all about and what you will need to launch your business there.


1. A brief introduction to Jebel Ali Free Zone


The Jebel Ali Free Zone is a free economic zone in Dubai, United Arab Emirates, close to Abu Dhabi. JAFZA, founded by Regulatory Decree, started operations in 1985 with standard-size office and warehouse units to supply customers with turnkey facilities.


As a result, in 1990, the JAFZA facilities were enlarged to include light industrial units. As a result, it is the largest FZ in the world. JAFZA occupies both sides of Sheikh Zayed Road. It is also accessible by road and the Danube and UAE Exchange stations on the Dubai Metro Red Line.


JAFZA, on the other hand, is home to almost 7,000 enterprises worldwide. This list includes around 100 Fortune Global 500 firms. As a result, JAFZA receives around 32% of the country's overall FDI (Foreign Direct Investment) inflows.


Thus, the ZF generates 21% of Dubai's GDP annually and employs more than 144,000 people in the UAE. In 2015, JAFZA generated $87.6 billion in trade. In addition, Hikmat Fayad can help you set up your business on JAFZA. A Legal Counsel is a professional who ensures that their company adheres to the law


2. What are the benefits of establishing a company in JAFZA?

Exemptions and incentives are available to foreign companies operating in JAFZA. Therefore, most of the Jebel Ali Free Zone companies are involved in export. In addition, international investors can take advantage of the following benefits:


Full control of a company.

Easy to establish in the Jebel Ali Free Zone. The procedure to establish a business in Jebel Ali Free Zone is simple, uncomplicated, and fast. The only criterion is for the owner to decide what type of business he wants to create. Then, the company's activities can start 10 days after the corresponding paperwork is completed.

Multiple visas without committing to office space. One of the reasons companies choose JAFZA is because it allows for three permits without the need for actual office space.

Full repatriation of money and income. As a result, the business registration process will be simplified.

No minimum share capital is required to establish a corporation in this Free Zone.

The shareholder's liability is limited to the company's capital invested.

There are no business income taxes.

There are no monetary limitations.

It's simple to sponsor dependents

The location of JAFZA is a significant selling point. It boasts one of the region's most modern storage facilities and the most developed port. Furthermore, Jebel Ali is a preferred choice for multinational enterprises that regularly trade with the rest of the world due to its well-developed transportation infrastructure. This is because it provides the quickest link for exports from Asia, Africa, the Russian Commonwealth (CIS), and beyond.


3. What are the commercial activities?

The offer of activities is wide. The following license types are available:


Trade

Industrial

Service

Logistics

general trade

As a result, you can only register a company in the mainland UAE as a branch of an existing corporation.


4. Licenses available for JAFZA's company registration


The Jebel Ali Free Trade Zone grants a variety of business licenses.


4.1. General Business Permit

This license entitles the holder to import, distribute, and store all products by JAFZA laws and regulations.


4.2. business permit

On the other hand, this permit allows the bearer to import, export, distribute and store the products listed in the permit.


4.3. Industrial Permit

You can import raw materials, manufacture particular things, and export the finished product to any country if you have a license.


4.4. service permit

This license allows you to use the ZF to execute the services indicated in the license. Therefore, the type of service must be consistent with the parent company's license. This is granted by the Economic Department or Municipality of the relevant Emirate in the UAE.


As a result of our experience, we will provide you with the best business setup services in JAFZA. As a result, we will manage all of the procedures. Furthermore, we will assist you in every way so that you are confident in your new major decision.


Company formation & business setup in Dubai UAE is easy if you hire Hikmat Fayad as we can help you with offshore and free zone business setup Dubai. So get in touch with the Business setup services in Dubai.

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