Are you an entrepreneur with ambitions to tap into the lucrative markets of the United Arab Emirates (UAE)? If so, the Jebel Ali Free Zone (Jafza) might be the perfect location to establish your business. Jafza is one of the largest and most successful free zones in the UAE, known for its excellent infrastructure, business-friendly policies, and strategic location. With a special focus on the manufacturing and trading industry, Jafza offers a wealth of opportunities to entrepreneurs and investors in the UAE.
What are the key features of JAFZA?
Jafza is one of the popular free zones in the UAE, do you know why? Let’s find out the key features that make Jafza stand out among others:
- 100% Foreign Ownership: One of the most appealing aspects of Jafza is that it allows 100% foreign ownership, eliminating the need for a local partner or sponsor.
- Tax Benefits: Jafza offers businesses a 50-year renewable exemption from corporate tax, import and export duties, and personal income tax. Additionally, there is no currency restriction, allowing for smooth international transactions.
- World-Class Infrastructure: Jafza boasts state-of-the-art infrastructure, including modern offices, warehouses, and industrial facilities.
- Business Flexibility: Jafza accommodates various types of businesses, from trading companies and logistics providers to manufacturers and service providers.
- No Restrictions on Foreign Employees: Jafza allows businesses to hire foreign employees without restrictions, giving you access to a global talent pool.
- Ability to Mortgage Your Premises: Another significant advantage is the ability to mortgage your premises within Jafza. This can be a valuable asset for financing your business expansion or operations.
Types of companies in JAFZA
Jafza allows you to start different types of business entities, each with its own unique features. Do proper research to understand the difference between them and choose the one that suits your needs and goals.
- Free Zone Establishment (FZE): It is a single shareholder limited liability company wherein the liabilities of the company are limited to the paid-up capital.
- Free Zone Company (FZco): Owned by multiple shareholders, it is also a limited liability company with liabilities limited to the paid-up capital. The shareholders can be between two and fifty individuals or corporate entities.
- Public Listed Company (PLC): This type of company allows for listing on the stock exchange with a public offering of its shares.
- Branch of a Company: A company outside JAFZA can establish its branch in the free zone under the name and conduct the same activities.
- Offshore Company: It is a legal business entity set up to operate outside its registered jurisdiction.
Types of business licenses in JAFZA
Jafza gives you a chance to choose between varied different licenses based on your requirements. Have a look at the important types of business license options that they provide:
- Trading license
- Service license
- Industrial license
- Logistics license
- E-Commerce license
How to set up your business in JAFZA
Registering your business setup in JAFZA involves an easy and straightforward process. You can do it in these four simple steps:
- Register on the Jafza website through an online form. The Jafza team will reach out to you for verification purposes.
- Submit your signed application form along with the list of all required documents.
- Choose the license type and pay the business setup fees.
- Move into your chosen office space once you receive your license.
Seek professional support for faster business setup
Setting up a business in Jafza provides a range of advantages, including no currency restrictions, the ability to hire foreign employees without limitations, and the option to mortgage your premises. By following these steps and seeking guidance when needed, you can embark on your entrepreneurial journey in the thriving business landscape of Jafza.
Does the business setup process in JAFZA seem overwhelming? Believe us, it’s not! With two decades of experience in the Middle East, BusinessLink makes business setup in Dubai easier than you can imagine. Our expert team of consultants has a proven track record of helping entrepreneurs start their businesses in the free zone, mainland, and offshore in the UAE. Starting from choosing the right jurisdiction to getting your business license, we can make the whole process hassle-free. Contact us now for a seamless business setup journey!
