Business Setup in Jebel Ali Free Zone
Jebel Ali Freezone is a leading destination for business setup in the Globe, in the emirate of Dubai offering freezone as well as offshore business setups in UAE. Situated near the largest cargo airports and conjoining the Jebel Ali sea port – the world’s 7th largest container port, Jebel Ali Freezone is placed in the most accessible location making it the entering point of Dubai from Abu Dhabi. Certified by the ISO Jebel Ali Freezone offers prebuilt warehouses, offices and world-class business infrastructure options. In 1985 His Highness Sheikh Rashid Bin Saeed Al Maktoum inaugurated Jebel Ali Freezone with 19 companies in Jebel Ali a prominent part of Dubai, stretched over thousands of acres. However, at present a business setup in Jebel Ali Freezone is a foremost commercial platform for hundreds of global fortune housing over 7000 companies in Jebel Ali. It also aids companies from over 100 countries, delivering thousands of jobs opportunities and attracting direct foreign investment.
Dubai, the commercial hub of United Arab Emirates and the second wealthiest emirate to house the most projecting freezone – the Jebel Ali Freezone. Just like any other freezone in Dubai, Jebel Ali Freezone also offers; 100% foreign ownership, 0% corporate tax, 0% import and export duties, 0% personal income tax, no restriction on exile of capital and profits, no currency restrictions, no restriction on hiring foreign employees, permission to mortgage owned premises on leased land. Nevertheless, Jebel Ali Companies also bids on some unique benefits; access to abundant energy making it cost-effective for manufacturing and production units, location wise it offers competent connectivity opportunities, the trade zone is setup on a huge geographical area making it possible to provide wide area warehouse, various shipping prospects and more.
Dubai Jebel Ali Free zone is widely also known as JAFZA has evolved as a diversified business base contributing towards Dubai economy immensely. JAFZA has also achieved a milestone in trading activities that has contributed towards a significant influence on other sectors such as transportation, hospitality, tourism, and more.
If you have made up your mind to have a business Setup in Dubai Jebel Ali Free Zone Contact Asnaad Consultancy and get started!
There are some criteria that one needs to acknowledged before setting up a company in Jebel Ali Freezone. The first aspect of attention is licensing, under a Jebel Ali freezone company setup, the licenses required are General Trading License, Trading License, Service License or National Industrial License depending on your company activity. Also it may be noted that Free Zone Establishment (FZE) and Free Zone Company (FZCO): FZE and FZCO applicants can avail of unique offers of company forming – giving them the liberty of being a separate legal entity. An FZE can be formed with a single shareholder although minimum capital required is AED 1 million. An FZCO can be formed with 2 to 5 shareholders and the minimum capital required is AED 500,000. Other options available are formation of a Branch Company or Special Status Non-Resident Offshore Companies. However, you do not need to strain on any of these formalities required during Jebel Ali freezone company setup, at Asnaad Business Setup Service Provider our experts will take care of all the aspects with accurate analysis based on research and facts with regards to your business activity. We have the finest advisories to assist you on Jebel Ali free zone company formation providing you comprehensive information and the best measures, Contact Asnaad Consultancy now!
Types of business setup allowed under Dubai Jebel Ali Free Zone:
Free Zone Establishment (FZE): The Free Zone Establishment (FZE) has one shareholder or a sole owner possessing the entire Jebel Ali freezone company formation. Freezone Establishment are designed for enhancing international business through providing 100% ownership to a single entity / single window administration convenience. In UAE, the Freezone Establishment in Jebel Ali are either attached to ports or industry specific. The minimum capital required for a FZE is around AED 1 million.
Free Zone Company (FZCO / FZC): The Jebel Ali Freezone provides unique options of a being a separate legal entity for applicants of FZCO / FZC that can have multiple shareholders. The most exclusive aspect of a FZCO / FZC is that the business setup to have 2 to 5 shareholder having a minimum capital of AED 500,000 but is not subjected to have a UAE national as their partner.
Branch Office: A branch office – is a company that is monitored by a parent company that is situated outside the country. The parent company that is not present in UAE but would like to engage in business activities in the UAE market or with an aim to expand their horizons in the UAE market could setup a company here under the Jebel Ali Freezone.