Company Formation in JAFZA Free 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.