JAFZA or Jebel Ali Free Zone is one of the most popular, fast growing and leading zones that provides free trade. JAFZA has a motto; a loyal and long-term relationship with its customers. It is the first free trade that was established in Dubai. Jebel Ali Free Zone provides the best infrastructure to its customers along with a lot of services. It creates alliances with many investors by giving them incentives in its free zone. There are a lot of business opportunities given by JAFZA from a market of potential customers with over 2 billion people in Dubai.
One of the fastest growing and popular business consultancies is Business Link that provides its customers with A to Z solutions and guides about how to set up a business in JAFZA. The consultants in the company have many years of experience and are professional in their field. Those people who are interested in JAFZA or Jebel Ali Free Zone company formation can get excellent services from them.
Benefits of Business Setup in JAZFA
- A shareholder will only be liable for the paid-up share capital amount
- Amazing infrastructure
- Communication and support services
- Corporate taxes also not present
- There are no restrictions on currency
- There are no personal income taxes
- The repatriation of profits and capitals is 100%
- There is 100% foreign ownership
- Warehouses and factories are available that are ready-made
A lot of offers for different company formations have been provided by Jebel Ali Free Zone. Some of them are mentioned below.
1. Branch Company
You can set up a branch of an entity that is established outside the Jebel Ali Free Zone. Branch can be considered as a legal entity of the parent company.
2. Free Zone Establishment
It is actually a limited liability company in the Jebel Ali Free Zone. There must be a single shareholder. It can be a corporate company or an individual. The applicants can form their company as a separate legal entity which is quite a unique offer provided to them.
3. Free Zone Company (FZCO)
It’s different from free zone establishment in a sense that it can have multiple shareholders. For forming a free zone company, there must be a minimum of 2 and a maximum of 5 shareholders. The shareholders can be a corporate company or an individual just like in free zone establishment. The minimum capital should be 500,000 AED.
Types of Licenses at JAFZA
1. General Trading License
The holder of this license can store, distribute or import goods by the rules and regulations assigned by Jebel Ali Free Zone.
2. National Industrial License
The manufacturing companies that have a shareholding or ownership of 51% of AGCC (Arabian Gulf Co-operation Council) nationals can use this license. It must sum up to 40% value added to the product in the free zone. The same status that an AGCC or a local inside the UAE has, is provided to the license holder.
3. Service License
As the name suggests, the purpose of this license is to provide its holder with the services that are mentioned on the license. Issued by the municipality of an emirate or Economic Department; parent company license must have to confirm the service.
4. Trading License
The person who holds this license can export, import, store and distribute those items that are specified on the license itself.