Efficient Business Setup in JAFZA: Enhance Your Processes
The UAE's first free zone was established at Jebel Ali (JAFZA). The most populous free zone in Dubai as of the present time was created in 1985.
More than 9,500 foreign and domestic businesses, including assembly units, transportation organisations, manufacturing facilities, and factories, currently consider it home. The total yearly trade value produced by these businesses beats $100 billion.
The growing business community in Jafza provides a setting that promotes trading, maintains happiness, and inspires businesspeople to dream large and scale incredible heights. And also provide an access route to Al Maktoum International Airport (also known as Dubai’s heart) and Jebel Ali Sea Port (Port Jebel Ali), which makes transportation easy.
Types Of Businesses Setup In JAFZA
There are many types of business entities you can set up with the Jebel Ali Free Zone Authority. These are as follows:
Free Zone Company (FZCo)
It is essentially a free zone LLC created by several shareholders, who may be both individuals and corporate entities (non-individuals). For operations, a company must have a company secretary and two directors. Products may be imported and exported by free zone organisations across international borders. However, it is not authorised for these companies to offer their goods, especially in the UAE market.
Publicly listed company (PLC)
This form of business, which is like a limited liability company, has two or more owners and offers its shares for sale to the general public on the stock market. Publicly listed businesses based in the UAE's free zones are required to list their shares on the stock exchange. It provides the business with an unlimited stream of financing.
Free Zone Establishment (FZE)
There is merely one shareholder in this LLC, and that shareholder may be either a single person or a firm. This free zone allows 100% foreign ownership with no local sponsor requirement. For company formation in the UAE, you will need a trade licence and an incorporation certificate.
There are a variety of reasons why a business would need to open a branch office. They have the option of establishing the branch office on the UAE mainland or in one of the UAE free zones. It is a branch established by a parent business in JAFZA that is under the parent business's full control and is accountable for its name and operations.
This form of legal entity is designed to conduct business outside of the company's registration region or physical location. It must have a minimum of one shareholder and an unlimited number of shareholders, which can be both people and corporations.
For Business setup, Several Business licences are available in JAFZA.
To run your business smoothly and officially, you need to obtain a business licence according to your business needs. Here are the lists of business licences:
General Trading Licence
With this licence, businesses can perform general trading activities, for example, importing, exporting, re-exporting, distributing, and selling a range of goods, by following JAFZA's legal rules.
With this licence, businesses can perform trading activities of goods and certain services, for example, Importing and exporting raw materials, distributing, selling, and storing items listed in the licence.
With this licence, businesses can carry out industrial services, for example, Importing raw ingredients, producing, processing, putting together, packaging, and exporting the final goods to any nation.
This licence permits businesses to carry out activities regarding services, for example, legal advisory, accountancy, and business consultancy. It's important to note that there is only one licence that covers everything in the service category.
Today, the majority of companies use an online store to boost sales. An e-commerce permit is required in the Jebel Ali Free Zone if you wish to purchase and sell anything online. It helps in e-trading, social media, etc
A logistic licence must first be obtained in order to conduct any of the several logistics services that are offered in JAFZA Dubai. This permit enables you to carry out tasks including inventory management, storage, forwarding, and transportation.
Business Setup Facilities Provided By JAFZA
JAFZA offers plots of land to businesses to build their own facilities. Along with electricity, water, and telecommunications services, the plots offer ready-for-use road infrastructure.
JAFZA offers lodging options for corporate workers on the grounds of the free zone. JAFZA North and South together represent more than 4,850 and 4,600 rooms, respectively, in the free zone.
For businesses that require a lot of storage space, JAFZA's warehouses are perfect. The warehouse contains built-in offices as well as entry and exit ramps, lifts, and other facilities.
JAFZA provides office space facilities to investors who are planning to set up their business here with a large or small number of employees.
Advantages For Business Setup In JAFZA
The following are the benefits of company setup in JAFZA
0% duty on imports, exports, or re-exports
100% foreign ownership; no local sponsor is required.
50 years of renewable concessions with 0% corporation tax
100% return on capital
No personal tax
There is no limitation on currencies.
There are no limitations placed on employees or global talent.
Easy and quick business setup process.
Affordable company solutions that may be customised to meet specific needs
Possibility of mortgaging your property
For employees and staff, PRO Services
Visa issuance for staff
Renewal and cancellation of visas
Data modification contract
Printing of Emirates ID, visa, and medical examination.