As the main business hub in the Middle East, JAFZA occupies a significant position and prioritizes building long-lasting relationships with its clients. It works to establish relationships with international investors by providing first-rate infrastructure, outstanding value-added services, and incentives so they may take full advantage of the region's vast business potential in a very well-organized manner.
Currently, Jebel Ali Freezone which was founded in the year 1985 is regarded as a strong brand in the area that stands for excellence, innovation, and cooperation. In 1996, it made history by becoming the first free zone in the world to receive ISO certification.
Starting a Business in Jebel Ali Free Zone (JAFZA)
Jebel Ali Free Zone (JAFZA) is DP's Flagship Freezone and a magnet for businesses seeking growth. With minimal operational costs, 100% foreign ownership, and 0% currency restrictions, it offers an enticing tax-exempt environment. The Dubai Trade Portal streamlines trade, while JAFZA's top-10 global ranking validates its excellence.
Moreover, businesses can own facilities like office space, land or warehouse with mortgage premises, providing stability. JAFZA stands tall as a beacon of opportunity, beckoning entrepreneurs from around the world to prosper in its business-friendly ecosystem. Also, statistics on JAFZA show that it records a 30% growth in new customer registrations. Hence, setting up a business in JAFZA is an Ideal choice.
Jebel Ali Free Zone (JAFZA) hub with its spanning 57 Sq K.M. allows popular FZE & FZCO Company Formation in UAE with attractive incentives and benefits.
BMS Auditing Business consultants have phenomenal experience in offering Business setup starting from company registration, getting a license, visa, and so on. We help businesses establish their business anywhere in UAE including Company setup in Free Zones and even Company formation in Jafza Offshore.
Business Facilities in JAFZA(Jebel Ali Free Zone Authority)
High-rise and low-rise office buildings are both available in Jafza, and they are strategically grouped for easy access by both employees and visitors. The office spaces are given without furniture to give each client the freedom to customize their office space. Jafza offers its members alternatives for plots of land, warehouses, showrooms, retail establishments, co-working spaces, workstations, and even on-site residences in addition to office spaces.
Company Formation Process in JAFZA
Companies that wish to register in Jebel Ali Free Zone (JAFZA) must adhere to strict legal requirements including hiring, licensing, and dispute resolution. In JAFZA, the following steps are usually required to start a company:
1. Understand the business activity you intend to conduct clearly.
2. Choose a Corporate Structure
In the Jebel Ali Free Zone, an individual or a corporate entity may establish a business in one of the following ways:
- Free Zone Establishment (FZE) - An entity with one shareholder.
- Free Zone Company (FZC/FZCO) - An entity with 2 to 5 shareholders.
- Branch of a Foreign Company.
- Branch of a Local Company.
3. Choose a company name that is appropriate and conforms to all laws and regulations.
4. Submit the required documents
5. Make the Payment
6. Obtain a business license
Obtain the necessary business license from the appropriate authority for your particular line of business.
7. Open a Bank Account
Create a free zone bank account to help business transactions go more smoothly.
8. Get an Office Space
Get the office space you need to launch and run your business.
Starting a Manufacturing Company in Jebel Ali
With a strong emphasis on luring sizable investments across numerous important sectors, the UAE is actively seeking to develop itself as a global industrial and manufacturing center. This fits in with the Operation 300bn strategy, which seeks to strengthen the industrial sector of the nation and its contribution to the overall economy. As a result, manufacturing companies find the UAE's business environment to be more and more desirable.
The country's free zones are considered essential in this effort, especially in line with programs like Operation 300bn, in luring foreign investors. Even though there are over 45 operational free zones in the UAE, only a small number of them are specifically designed to house manufacturing companies. Business setup advisors in the UAE may help integrate businesses in any of these specialized free zones by guiding them through the process. Let's now examine a few of the best free zones that are ideal for launching a manufacturing company in the UAE.
Documents Required for Company Formation
The following documents are required to form a company in JAFZA:
- Completed application form to start a business in a free zone.
- Passport and a copy for the selected manager.
- Shareholder's passport, along with a copy of it.
- No objection letter from each shareholder who is a UAE resident and is currently sponsored.
- An overview of the project's goals and business plan.
- Application for Environment, Health, and Safety (EHS) and letter of undertaking.
Additional Documents for Individual Shareholders
- Business profile of each shareholder.
- Board resolution to set up a company.
- Manager’s specimen signature.
For Non-Individual Shareholders and a branch of a Foreign Company
- Manager's specimen signature, duly attested by JAFZA.
- Memorandum of Association (MOA) and Articles of Association (AOA) of the company attested and notarized.
- A copy of the parent company's certificate from the Chamber of Commerce(in case of a branch).
- An official letter expressing the parent company's intention to open a branch in JAFZA(in case of a branch).
Jebel Ali Free Zone (JAFZA) License Cost
JAFZA offers 4 different types of License namely
- Industrial and Trading License
- General Trading License
- Logistics License
- Service license
Dubai Free Zone License Cost
Based on the number of operations permitted under each license, there are two categories of trading and industrial licenses:
Type 1: This license enables the operation of up to 7 products from the same group.
Type 2: This license permits the operation of up to 12 products from the same group.
Trading License: Type 1 AED 5,500
Trading License: Type 2 AED 9,000
Industrial License: Type 1 AED 5,500
Industrial License: Type 2 AED 9,000
General Trading License AED 30,000
Logistics License AED 30,000
National License: Type 1 AED 5,500
National License: Type 2 AED 9,000
JAFZA Company Setup Cost
When compared to other free zones, the total cost of setting up a company in Jebel Ali Free Zone is considered reasonable. Given the range of activities permitted inside Jebel Ali Free Zone and the alluring amenities offered to investors, this affordability is also reflected in licensing costs. As a result, it offers a compelling choice for companies and investors looking for an optimum environment in which to establish and grow their firms. The one-time cost may vary depending on the type of JAFZA company formation, so kindly contact us at BMS to confirm.
Free Zone Company (FZCo): AED 15,000
Free Zone Establishment (FZE): AED 10,000
Branch of a Company: AED 5,000
Memorandum and Articles of Association (MOA): AED 200
Specimen Signature: AED 50
Board Resolution: AED 200
Application Fee: AED 500
UAE Residence VISAS in Jebel Ali
Jebel Ali Free Zone (JAFZA) provides the advantage of acquiring resident visas for qualified enterprises, much like other free zones in Dubai.
A corporation is eligible to get 1 resident visa for every 9 sq. m. of office space it leases in JAFZA.
The costs associated with JAFZA visas are as follows (in AED):
|
JAFZA costs, AED |
Medical check, AED |
Emirates ID, AED |
|
|
Owner |
4,000 |
752.5 |
390 |
|
Employee |
4,000 |
752.5 |
390 |
The validity of the visas issued at JAFZA is two years.
In JAFZA, having health insurance is required, and the least expensive plan ranges in price from 600 to 800 AED. Renewal of health insurance is necessary each year to stay by the rules of the free zone and guarantee the safety of the visa holders.
Business renewal in JAZFA
You must pay the following fees to renew your business in Jebel Ali Free Zone:
- Office (facility) fees
- License fees
- Cost of an establishment card
The initial registration fee and the cost of renewing the Jebel Ali Free Zone license are the same.
Renewing a company without physically going to the Jebel Ali Free Zone is possible.
You must submit your company's audit report as part of the company's renewal process. Any licensed and accredited auditing firm in the UAE may conduct the audit.
The license can be extended for three years for businesses that own a plot of land and a facility under the sublease.
Cancellation of JAFZA Business License
Either the owner personally or a chosen Power of Attorney holder can carry out the liquidation process.
The return of original documents and payment of the liquidation fee will be required by the free zone authorities as part of the liquidation process. An estimated 2,000 AED would be charged for the license cancellation.
Normally, it takes a month to finish the company closure process. A certificate of liquidation will be given to the business owner by JAFZA company registration once the process is complete.
The headquarters of numerous prestigious companies are located in JAFZA, including Exxon Mobil, General Electric, Proctor & Gamble, Nestle, Toshiba, Rolls Royce, and many more. The Jebel Ali Free Zone is also home to more than 50 of the best logistics companies in the world, providing a wide range of outsourcing alternatives.
These influential businesses have a compelling pull on entrepreneurs who want to set up business in this prominent free zone in Dubai. BMS specializes in making it easier for both small and large firms to invest in JAFZA, one of the top commercial areas in the Middle East.
Our team would be happy to offer you thorough guidance as soon as you get in touch with us to start the process of establishing your business in the Jebel Ali Free Zone. Please do not hesitate to contact us right away.
Business Setup Services in JAFZA
We, BMS Auditing have years of experience and are a top provider of business setup services in the Jebel Ali Free Zone (JAFZA), helping individuals and businesses easily launch their companies. Our one-stop-shop solution ensures a streamlined procedure by providing incorporation, licensing, and related services.
We assist clients in choosing the appropriate jurisdiction and corporate structure in accordance with their corporate goals. We avoid delays and costs since we are well-versed in JAFZA's rules. Our individualized assistance and knowledgeable staff make the setup process simple and effective. Embrace our assistance, and together we can maximize the potential of your company in the vibrant JAFZA environment.
