Jebel Ali Free Zone (JAFZA) is among the world’s largest free zones, specializing in commerce, industry, and logistics. The JAFZ authorities issued regulations for forming offshore enterprises within the zone. Firms of accountants or attorneys are authorized to give services to customers for registering offices, establishing offshore companies, and serving as agents for the corporations. JAFZA is one of the greatest sites to register offshore companies that drive development in Dubai, offering limitless opportunities for industrial development. This post will assist you with all of your business setup needs, including getting a Business License.
The Vision of JAFZA as a Free Zone
JAFZA is dedicated to remaining a great symbol that drives Dubai’s growth by offering exciting and limitless opportunities for industrial development as the biggest free zone in the MENA region.
JAFZA has attracted some of the largest and most reputable enterprises across numerous industries over the years due to its unique, value-added benefits of business setup in Dubai.
Why Set up Business In JAFZA?
The latest facilities in the Jebel Ali Free Zone and surrounding region are intended to make JAFZA one of the most efficient sea-air hubs, including a 6-lane roadway to help reduce processing time.
Furthermore, this is the only free zone in the world that is positioned between one of the world’s largest airports and a seaport. On one side of the Jebel Ali Free Zone is Jebel Ali Port, the world’s seventh-biggest container port, and on the other is Al Maktoum International Airport, one of the world’s major cargo airports.
Jebel Ali Free Trade Zone is located near Jebel Ali Port, the world’s largest seaport, which is linked to all ports worldwide. Because of its strategic position, Jebel Ali free zone directory has access to the majority of global markets, and Dubai International Airport and Al Maktoum Cargo Airport are nearby.
JAFZA has been a major contributor to Dubai’s and the UAE’s extraordinary economic growth throughout the years. JAFZA has successfully attracted businesses from all over the world via the sheer power of its distinctive value-added solutions and proposals.
Facilities Offered by JAFZA
The Jebel Ali free zone offers a wide range of facilities:
- Plots of Land
- Warehouses
- Showrooms
- Solutions for personalized development
- Offices
- Park for Business
- Retail establishments
- On-site accommodation
Benefits of Business Setup in JAFZA
One of the primary benefits of establishing a JAFZA business is the government and jurisdictional advantages that the region provides.
If you want to set up a business in JAFZA, the region has a lot to offer. Among the many advantages are:
- 100% foreign ownership
- There are no personal, business, or income taxes.
- Dynamic international community
- Complete capital and profit repatriation
- Opportunities for strategic site enhancement
- Lease alternatives
- The setup process is simple and quick.
- Infrastructures that are innovative
- Exempt from both import and export taxes; however, you cannot import into the mainland.
Formation of a JAFZA Company
- Trading License: to engage in trading operations.
- Industrial License: required for manufacturing activity.
- Service License: to conduct out service operations.
- E-Commerce License: the ability to acquire and sell products and services through electronic networks using any electronic methods.
- National Industrial License: to carry out industrial operations if at least 51% of the ownership is held by an AGCC national(s).
- License for Innovation: to carry out the creation of new goods and services.
- Offshore Registration: the formation of an offshore corporation with restricted liability.
Renewal of JAFZA License
The renewal of enterprises in JAFZA is a low-cost and straightforward process. Beginning with your company’s second annual renewal, you will be expected to submit an audit report.
To complete the renewal procedure for your firm, you must pay the renewal cost and submit the signed lease agreement for your location. Another benefit is that your actual presence in the UAE is not necessary for renewal, which may be done through an agent.
