JAFZA / Jebel Ali Free Zone Authority | All you need to know
JAFZA / Jebel Ali Free Zone Authority is one of the most glorified free zones in the whole United Arab Emirates, which contributes 23.8 percent to Dubai’s GDP and provides livelihood to 135,000 people.
At JAFZA, there are more than 7000 established companies. Out of those seven thousand Jebel Ali Free Zone companies, approximately a hundred hold position amongst Fortune Global 500.
The UAE is in direction towards lowering the dependence on oil for the country’s growth. For that reason, these Free Zones attract foreign direct investment. Through JAFZA, the nation gets 32% of its foreign direct investment, which makes it a vital part of the country’s economy.
The reason why JAFZA receives such attraction lies in the legal framework, location, and facilities of the Jebel Ali free zone. Jebel Ali Free Zone Companies get a chance to connect with global leaders and create a great network. Dubai is highly supportive of enterprise development, and JAFZA offers the most favorable place not only to connect business but also to live.
Jebel Ali Free Zone (Jafza) is the flagship free zone of DP World, and is an integral part of the DP World UAE Region’s integrated business hub. The free zone has evolved into a trade catalyst and a smart business community that offers unprecedented growth opportunities and market access.
Jafza is one of the most competitive locations to establish and scale your business
Jafza is among the world’s best locations to establish your business and see it grow. From becoming part of a network of longtime successful business leaders to joining an international platform, the benefits are endless. Enjoying this in an environment that supports competition, in the end, proves most rewarding. All this comes within the dynamic Dubai market that supports enterprise development in one of the most desirable places to live.
Everything at Jafza has been designed with the specific needs of manufacturing and trading companies in mind. Join our energetic community today to become part of an international network of successful businesses from all over the world.
Types of companies you can set up in JAFZA
There are four primary types of Jebel Ali Free Zone Companies one can register in JAFZA Dubai. You can choose the one as per your requirements and planning. Every company type serves its special needs based upon the various priorities of individuals setting up their business.
- Free Zone Establishment (FZE)
When a Free Zone Establishment (FZE) company formation takes place in Jebel Ali Free Zone, the owner can be a person or a company. It’s a limited liability company and has its rights, capacity, and privileges. The interesting thing about an FZE is, it allows a single shareholder to own the company.
- Free Zone Company (FZCo)
Free Zone Company (FZCo) is suitable when there are going to be multiple shareholders up to fifty. An individual or a company any of them can be a shareholder. It is a limited liability company that provides surety to the individuals setting up the company.
- Public Listed Company (PLC)
An individual can’t own a Public Listed Company (PLC). It must have two or more shareholders and need to have the shares on a stock exchange as per the market rules and regulations. As it is a Public Listed company, it provides security by limiting the liabilities of a company.
- Branch of a Company
The parent company has 100% ownership of the branch of the company. Therefore, it works under the same name and conducts the same business as the parent company. Any company which is outside Jebel Ali Free Zone can set up a branch company at JAFZA Dubai.
Benefits of setting up a business at JAFZA
As JAFZA has attracted many renowned companies, it provides a platform to connect with other players in the industry. Moreover, the function of the Jebel Ali Free Zone Companies, the tax payment requirement, and the legal framework is lenient to let the companies move forward without any growth restrictions. The facility it offers makes JAFZA one of the best locations not only to own a fruitful business but also to live. Following are some of the highlighted benefits of one opting to go for JAFZA Company Formation:
- Easily set up a JAFZA Company in the quickest possible time
- No restriction on Capital Repatriation
- 0% import or re-export duties
- 0% personal income tax
- No currency restriction
- No restriction on employees and foreign talents
- On-site customs
- Completely own the company; no local sponsor required.
- 0% corporate tax for fifty years and get a renewable concession on it
- Ability to mortgage the premises (minus the land) as a security for the borrowing needs
A free zone designed to connect you to the right solution no matter what the need.
Over the last 30 years, Jafza has refined its systems to remove all the barriers that businesses face. From formation, licencing, visas, to commercial facilities and staffing. When you establish your company in Jafza, a One-Stop Shop will cater to all your needs in the most efficient way possible. Through a quality network of service providers working tirelessly to provide integrated support, your business gets the support it needs when you need it most.
Jafza offers benefits to customers beyond the establishment of a business license.
Safe investment with Jafza
Dubai is considered the largest business city in the UAE according to the World Bank’s Ease of Doing Business Report for over 15 years, with a population of 3.4 million individuals living in the city, 16.73 million visitors, an area of 4,114 km², and an unemployment rate of 0.5%.
With a futuristic outlook, Dubai has embarked on a journey to transform its business environment and become the leading location for investors globally.
Jafza offers business licences that start at AED 5,000
As a business owner in Dubai, you must be ready to go through the different stages of the setup process. The first thing entrepreneurs should do is figure out the type of licence they need to set up their businesses. Make a list of the activities that pertain to your business to determine the right licence type.
Jafza offers five different licence types and a clear legal formation setup process for you to get started with.
“We have always focused on a customer-centric strategy and encouraged an innovative culture, constantly evolving to meet the requirements of the dynamic market. Quality and brilliance are deeply rooted in our culture.”
Abdulla Bin Damithan CEO & Managing Director, DP World GCC
Business start up or investing capital in a new project is very challenging, especially if this is the first step in the field of business. With this in mind, our company AHG provides company formation and investment services to potential investors, helping them to succeed in the difficult task of business start up.
