Business Setup in JAFZA Free Zone

Business Setup in JAFZA Free Zone

Jebel Ali Free Zone (abbreviated JAFZA), is one of the the world's fastest-growing Free Zone, which was established in 1985. It is located on the area of over 48 square miles where more than 6,400 companies already got registered, including 120 world's largest companies from different countries in the world. The largest Middle East sea port of Jebel Ali is situated inside the free economic zone; Al Maktoum International Airport, opened in June 2010, is located just in the vicinity of JAFZA. The basic principle of JAFZA is to establish long-term relationships and to attract big investors providing them with the necessary infrastructure and high-end range of services. JAFZA in the future will become a global leader in advanced industrial and logistics solutions.

Company Registration in Jabel Ali Free Zone

A Business Setup in Jafza typically Depending on the number of shareholders and the nature of business, Jafza offers mainly three Business formation types, three types of licenses and a wide variety of license activities.

A Single Owner Company

An individual or a company can register a Free Zone Establishment (FZE) in Jafza. A FZE is essentially a Limited Liability Company within the Free Zone. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid up capital. A FZCo has a legal personality distinct from that of its shareholder and it has the capacity, rights and privileges of a natural person.

Multiple shareholders

Two to 50 shareholders can set up a Free Zone Company (FZCo) in Jebel Ali Free Zone. These shareholders can be individuals (two to 50 people), non-individuals (two to 50 companies) or a combination of both. An FZCo is essentially a Limited Liability Partnership within the Free Zone, with the liabilities of the company limited to the paid up capital.

Any existing established entity

Branch within the Free Zone can be registered by any entity already established outside Jebel Ali Free Zone. A branch is considered a legal entity of its parent company; is 100% owned by the parent company, operates under the same name and conducts the same business.

Licences types:

  • General Trading License
  • Trading License
  • Industrial License
  • The License for the provision of services
  • National Industrial License

Jafza offers investors

  • 100% foreign ownership.
  • 0% corporate tax for 50 years,
    (a concession that is renewable).
  • No restriction on capital repatriation.
  • 0% import or re-export duties.
  • 0% personal income tax.
  • No currency restrictions.
  • No restriction on foreign talent or employees.
  • Ability to mortgage your premises to a bank or financing company.
  • Onsite Customs.

Key benefits to set up JAFZA company:

  • 100% foreign ownership of the company: local sponsors are not required.
  • No corporate tax for a period of 50 years.
  • No restrictions on the transfer of capital and revenue.
  • No tax on imports and re-exports.
  • No income tax.
  • The absence of exchange controls.
  • No restrictions on hiring foreign employees.

Source : JAFZA FREE ZONE