Jebel Ali Free Zone (jafza) was established in 1985 in Dubai under the guidance of Dubai Ruler Sheikh Rashid Bin Saeed Al Maktoum. The Jebel Ali Free Zone is Located near the Jebel Ail port which is the world’s 7th largest container port and together with the prime cargo airports.
Jebel Ali Free Zone is one of the best free zone areas in Dubai and a perfect venue for trading companies to import and export as well as for shipping companies. With few companies at the beginning, to more than 7,000 companies from over 100 countries, and over 135,000 jobs which are operating and with the upcoming Expo 2020 there will more companies operating in the Jebel Free zone.
JAFZA is the right place for a business set up in Dubai as it includes warehouses, plots of land, showrooms, customized development solutions, offices, retail outlets, a business park, even on-site residences and a Traders’ Market. Apart from the excellent facilities and infrastructure, JAFZA offers 100% ownership, no tax, no customs, no duties and more. The Jebel Ali Free Zone provides easy procedures for Free Zone company registration in Dubai.
We can help you to be part of the most successful businesses in the world. To find out more about the options of company formation in Jebel Ali Free Zone contact Excellent Setup Consultancy to help you choose the right company that suits your needs.
Establishment Types of Companies in Jebel Ali Free Zone
There is three type of formation of companies in Jebel Ali Free Zone, and the number of Shareholders will determine the Type of the Company.
When setting up a business in Jebel Ali Free Zone and the number of Shareholders is between Two to Fifty. These shareholders can be Individual people, or nonindividual people or a combination of both. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital.
When setup a Public Listed Company (PLC) within the Free Zone and the shareholders are individuals (two to fifty people), non-individuals (two to fifty companies) or a combination of both. A PLC is primarily a Limited Liability Partnership within Jebel Ali Free Zone, with the liabilities of the company limited to the paid-up capital.
An individual or a group, of one shareholder, can register in a Free Zone Establishment (FZE) in JAFZA. The FZE is essentially a Limited Liability Company within the Free Zone. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid-up capital. The FZCo has a legal personality separate from that of its shareholder, and it has the capacity, rights, and rights of a natural person.
Any existing established entity
If an established company like to open a branch in Jebel Ali free zone, then the branch will be 100% own by the mother company as well as the name, operation and the business service of the Branch will be the same as the parent company
Requirements for Starting a Business in Jebel Ail Free Zone!
An application Form (Excellent Setup will do this for you)
Letter of Intent (Excellent Setup will do this for you)
Prepare your existing company Profile (In case it is available)
12 months financial report for yourself or shareholder(s) six months bank statements for the shareholder. Note: It does not apply for new company registration
A Copy of the manager’s passport and his resume
A Copy of shareholder(s) passport and their resumes
Original (not a copy) bank reference letter (for each shareholder)
No objection letter from current sponsor, if applicant is UAE resident as an employee
A legal representative (Negotiator)
Initial approval or approvals from the third Authority or Authorities in case it’s required for your business activates, for example, Media, IT, and Pharmaceutical
Excellent setup will provide with all the information how to apply for Jebel Ali free zone gate pass when clients visiting your company.
Other legal documents and their approval!
An Attested and notarized article of association from the United Arab Emirates Embassy.
A board determination to be determined by the panel of managements for your current company/ entity at the location of origin stating the intent of launching a new setup abroad. Must be attested and notarized by the United Arab Embassy.
The certificate and license of registration for the existing company certified and authorized by the United Arab Emirates Embassy.
First step →Day 1: Sign the service agreement with Excellent Setup and make the payment. (Files preparation. Taking 1 working day after all required documents provided by the client)
Second step→ Day 2: Company name reservation is carried out at the Jebel Ali free Zone (JAFZA) by our company.
Third step → Day 3: Clients can meet our consultant at Jebel Ali Free Zone or come to our Office at 9 am to be taken to JAFZA by our staff to sign the company incorporation papers work in front of a JAFZA official.
Important note: After day three the Schedule will vary depending on what the Client will choose a ready fitted office space or if the customer prefers to ask JAFZA contractors to do a fit-out for the elected office, or if customers prefer to do that independently.
These are the steps that will follow day three.
Fourth Step: Office will be finalized
Fifth Step: Preparing Lease agreement
Sixth Step : Collecting the office keys
Seventh Step: Business License released by the Free Zone and Excellent Setup will send a soft copy by email.
Eight step: The Original License, Jebel Ail Chamber of Commerce Certificate, Lease Agreement, and Articles of Association. This depends on the type of license.
Ninth Step: The dedicated landline will be activated and we will provide you the telephone number along with details of your address.
Tenth Step: Company Immigration Card issued by Dubai Immigration and you can apply for UAE visa if required.
Excellent setup Service Charge for Jebel Ail Free Zone
Our service changer is 6,000AED for setting up a new license and 1,500AED for Jebel Ali free zone license renewal. Our cost covers Professional fees and includes free consultation sessions, drafting of legal JAFZA forms in English and Arabic. We assist in UAE bank accounts and presenting you to the concerned authorities to get the best Dubai free Zone license
The concerned authority will determine the exact government cost at the time of applying. There might be an additional requirement during the process.
Advantages of Business Setup in the Jebel Ali Free Zone
Established in 1985 and one of UAE’s ancient free zones, Jebel Ali is an abode to more than 7,000 firms operating in different sectors. Moreover, Jebel Ali Free Zone, or just JAFZA, is itself a trade hub of the Middle East. Therefore, Business Setup in Jebel Ali Free Zone has numerous benefits, including an outstanding infrastructure that helps logistics companies and one of the most suitable environments for a company in Dubai.
Our company, Excellent Setup Management Consultancy, can assist foreign entrepreneurs who desire to set up businesses in Jebel Ali Free Zone.
Types of businesses that can be established in Jebel Ali Free Zone
One of the most significant benefits of initiating a company in the Jebel Ali Free Zone is the opportunity of opening offshore companies in the formation of limited liability corporations. In addition, foreign investors can also construct free zone companies with at least two shareholders and 50 members. These companies can be inducted as private or public structures.
What are the benefits ofJebel Ali Free Zone Company Formation?
The Jebel Ali Free Zone was set up to evolve into a coveted destination for multinational businesses. Therefore, it has many attributes and incentives for firms to merge into the area: a strategic location, state-of-the-art infrastructure, and a logistical framework. Apart from these advantages, with a Jebel Ali Free Zone Company Setup in Dubai, you’ll have these more advantages:
100 % Foreign Ownership
100 % Repatriation of Capital
No currency restrictions
No corporate taxes
No personal Income Taxes
No Restriction on Hiring Foreign Employees
It is worth noting that the Jebel Ali Free Zone contributes a sizable amount of Dubai’s total GDP, which is an indicator of the prosperity of this region. Therefore, when choosing a location for a company setup in Dubai, there is perhaps no better establishment than the Jebel Ali Free Zone Company Formation. Call Excellent Setup Management Consultancy for further assistance.