Company formation in Dubai - JEBEL ALI FREE ZONE (JAFZA)
The business consultants at Emirates Chartered Accountants Group will provide the clients a clear picture on how to form company in Jebel Ali Free zone. JAFZA is considered as the biggest free zone in the region. As leading business center in the Middle East JAFZA looking for long term business relationships with the customers. Jebel Ali Free Zone Authority was established in 1985 as part of vision of His Highness Sheikh Rashid Bin Saeed Al Maktoum. JAFZA had started its operation with a very limited number of companies and it reached now closer to ten thousand of companies including over 120 of the Fortune Global 500 enterprises. JAFZA looking for alliances with foreign investors by providing them the world class facilities and services enabling them to capture the huge business potential in the region. JAFZA is the first free zone in the world to win the ISO certification; JAFZA also won the Dubai Government Excellence Programme (DGEP) and Dubai Quality award as well. Today Jebel Ali free zone providing 135,000 jobs and a huge contribution to the countries total exports. JAFZA is one of the key drivers of the Dubai’s economic growth over the years. JAFZA assists its customers to choose the desirable location for their business. Some of the key benefits of Jebel Ali Free Zone are that it offers the customers the complete repatriation of capital and profits, Exemption from corporate and income taxes for a period of 50 years, minimal restrictions. No local partner required. No labor & staff restrictions, excellent port facilities, warehouses, office space, and factories are available for lease. The JAFZA port has the capacity to handle 15 million containers annually and is serviced by more than 170 shipping lines, thus making it the preferred destination to send and receive sea freight to any port in the world.
Being one of the largest Free Zones in Dubai, JAFZA has now developed into a business community within itself.
Companies to be formed in JAFZA
- Free zone Establishment ( FZE) – Single shareholder
- Free zone Company ( FZC) – Two or more shareholder
- Branch Company – for the existing company
- JAFZA Offshore
Type of License in JAFZA
A Trading License allows the holder to import, export, distribute and store items specified on the license. In addition to this, there is a General Trading License which allows the holder access to a wider range of activities and a broader range of items on the license.
A Service License allows the holder to carry out the services specified on the license within the Free Zone. A Logistics License allows firms to engage in logistic services such as cargo (sea, land, and air), warehousing,0 storage, packing, transshipment and distribution
An Industrial License allows the holder to import raw materials, carry out the manufacture of specified products and export the finished product. In addition, there is also the National Industrial License, issued for manufacturing companies with at least 51% Arabian Gulf Co-operation Council (AGCC) ownership. This license allows the holder the same status as a local or AGCC inside the UAE
In order to set up your business in Dubai or UAE, it is advisable to have professional consultant to tackle all the hassles. At Emirates Chartered Accountants Group, our staff will study your requirements and your specific needs. We will ensure that you are registered and setup the company in the area, where you can conduct business within the guidelines of the government. That will ensure you are setup for success and there are no surprises along the way, thus saving you both time and cost.
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