Jebel Ali free zone (JAFZA)

download.jpg

The Jebel Ali free zone (JAFZA) is one of the UAE's oldest business locations. Dubai Ports (DP) World has designated JAFZA as its flagship free zone. As a result, it is an important part of the D World UAE region's integrated business hub.

 

In addition, the free zone is close to the world's seventh largest container port, Jebel Ali Port, as well as major cargo airports. As a result, the free zone of Jebel Ali serves as a hub for maritime firms and trading industries, including export and import operations. It is also the UAE's largest free zone.

 

The Dubai government established the free zone in 1985. Since then, the Jebel Ali free zone has aided in the development of Dubai's economy. This is due to its unique position and forward-thinking work processes. Furthermore, the ISO-certified jurisdiction enables for business module diversity. JAFZA company  quickly grew in popularity and demand.

 

Benefits of company registration in Jebel Ali free zone

The region, which started with only 19 businesses, has expanded to over 7,000 businesses in just a few decades. One of the most significant advantages of forming a corporation in JAFZA is the region's governmental and jurisdictional advantages. 

If you plan to begin the process of establishing a business in the Jebel Ali free zone, the region has a lot to offer. Among the several advantages are:

  • 100% foreign ownership

  • No personal, income, or corporate taxes

  • Dynamic international community

  • Capital and profits are fully repatriated.

  • Strategic location boosting opportunities

  • Leasing options

  • Simple and quick set up process

  • Innovative infrastructures

  • Exemption from all import and export duties; however, you can't import into mainland

 

JAFZA company structures

Jebel Ali free zone provides easy procedures for free zone company registration in Dubai. Jebel Ali free zone company setup can be done under three structures:

  • Free Zone Establishment (FZE)

  • Free Zone Company (FZC)

  • Branch Office

  

Facilities offered at JAFZA free zone

JAFZA offers various facilities for company formation in the free zone, these include:

  • Plots of land

  • Warehouses

  • Showrooms

  • Customised developmental solutions

  • Offices

  • Business parks

  • Rental outlets

  • On-site residence

 

Business activities permitted in Jebel Ali free zone

JAFZA permits various activities to be conducted in the free zone. These are:

  • Trading

  • industrial

  • Service

  • Logistics

  • General Trading

 

Licenses offered by JAFZA free zone

Jebel Ali free zone trade license cost is affordable and starts from approximately AED 5,000. The various types of licenses issued by JAFZA include:

  • Trading license

  • Service license

  • Industrial license

 

When establishing a firm in the Jebel Ali free zone, you will be required to have a physical space in order to obtain a licence. These could be flexi workstations or full-fledged offices.

It also provides different licences, depending on the type business, such as:

  • License for e-commerce and innovation

  • Industrial licence at the national level

  • Registration in a foreign country(Offshore Registration

 

JAFZA license renewal

Businesses in JAFZA can renew their licences in a straightforward and cost-effective manner. Beginning with your company's second annual renewal, you will be required to submit an audit report.

You need to pay the renewal money and submit the signed lease agreement for your facility to complete the renewal procedure for your company. Furthermore, you don't need to be physically present in the UAE to renew your licence; it can be done through an agent.
 

Business liquidation in JAFZA

Company liquidation, similar to renewal, does not require the owner's physical presence and can be completed through an agent. You will, however, be required to pay a government fee in order to complete the liquidation process.

The following steps are involved in the liquidation of a company, which takes around a month:

  • Visas are being cancelled.

  • Lease agreement termination

  • Bank account closure