Company Formation in JAFZA Free Zone
Why Choose IMC for Business Setup in JAFZA Free Zone?
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How IMC Can Help You Register a Business in JAFZA, Free Zone in Dubai?
Jebel Ali Free Zone
Jebel Ali Free Zone or better known as JAFZA is Dubai’s first free trade zone that was established in the UAE in the year 1985. It not only focuses on a long-term relationship with its customers, it also encourages collaborations with various investors from all across the world by giving them best-in-class infrastructure, value-added services and also additional incentives. So, what are the advantages that JAFZA gives? It opens an array of business opportunities in Dubai from a prospective market of more than two billion people residing in the greater Middle East zone.
How Does its Strategic Location Help in JAFZA Company Formation?
JAFZA is a free economic zone situated in the Jebel Ali area in Dubai, UAE, quite close to Abu Dhabi. Its location is quite strategic because most of the important areas in the region are within a reach of 24 hours. World-class logistics infrastructure and good connectivity by sea, land, air, and rail makes it an ideal location and is one of its biggest strengths.
In addition, JAFZA is situated very close to the 8th busiest cargo airport of the world, that is, Dubai International Airport, which can easily manage 2.7 million metric tons. There’s also a single, customs-bonded corridor, which is like a bridge between the Jebel Ali Port and the Al Maktoum Airport and smoothens the process of air cargo. Another the new Union Railway or the Etihad Rail is getting designed to link the UAE to Oman in the East and Saudi Arabia in the West.
What are the Products & Activities Which are Allowed for JAFZA Company Formation?
The products available at JAFZA help you to find the apt solution for your requirements, be it a land, some office or showroom space, warehouse, a customized development solution, retail outlet, on-site residences or a complete business park. Every solution at JAFZA is tailor-made keeping in mind the specific needs of a company – be it manufacturing or trading.
Which are the Licenses Available?
Trading License
Permits the possessor to import, export, store or sell products specified under the license. The General Trading License gives access to a much vast range of activities and items.
Service License
Permits the possessor to provide services specified under the license but within the Free Zone. A Logistics License permits the companies to work in the logistics sector like cargo, storage, warehousing, packing, trans-shipment and also distribution.
Industrial License
Permits the possessor to import raw materials, manufacture any specified products and finally export the end product. The National Industrial License, which is issued for companies that are into manufacturing and have at least 51% Arabian Gulf Co-operation Council (AGCC) ownership. This type of license permits the possessor the status which a local or AGCC inside the UAE would enjoy.
The Types of Companies that can be Registered:
Various options that are available to the clients are as follows:
- Branch option available for existing companies who want to set up their base in JAFZA.
- Free Zone Company (FZCo), which can be registered if there are two to five shareholders.
- Free Zone Establishment (FZE), if there is a single shareholder.
Unique Advantages:
- 100% or complete foreign ownership.
- No corporate tax at all for a long period of 50 years (which is a concession that is renewable).
- No import or re-export duties.
- No restriction at all on capital repatriation.
- No personal income tax.
- Zero currency restrictions.
- Availability of ready warehouses and factories.
- No limitation or restriction on global talent or employees.
- A world-class infrastructure, support systems, and communications.
- Permission to mortgage your property to a bank or financing corporation.
- Availability if onsite customs.
- The liability of any shareholder is only limited to the amount of the paid-up share capital.
Law and Regulatory Framework, About Mainland & Free Zone Business Activities, Taxation, Auditor and Accountants.
Specific Requirements for Setting up a Company in JAFZA
- Submission of an Application Form
- Letter of Intent for forming a JAFZA company
- Provision of an existing company brochure (if available)
- For shareholders: either an annual financial report or a 6-month bank statement (not needed for new registrations)
- Passport copy and Curriculum Vitae of the manager
- Passport copy and CV of the shareholder(s)
- Each shareholder should provide an original bank reference letter
- If applicable, a No Objection Letter from the current sponsor for the manager (if residing in the UAE and holding a UAE employment visa)
- Presentation of a Business Plan
- Appointment of a legal representative if required
- Initial approval(s) from relevant third-party authorities for specific business activities
Company Formation in JAFZA Free Zone - FAQ
Can a company own shares in another company while operating within the Jebel Ali Freezone?
A company can be a shareholder in FZE, FZCO, and PLC formation types. FZCO and PLC formation types require more than one shareholder, allowing for a combination of individuals and non-individuals as shareholders.
Can a company operating in a free zone have offices located outside the free zone?
It is mandatory for the office of a free zone company to be situated within the free zone where it is registered. However, if you require an office space in Dubai, you have the option to rent a flexible space in a Business Center. It is crucial to note that the minimum required space (flexi desk) in the free zone cannot be cancelled.
Is it possible for me to own more than one business in Jebel Ali Free Zone?
Yes, Multiple businesses can be formed in JAFZA with the same shareholders. Each business will have a unique name, and there is no limit on the number of businesses that can be created.
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