pr23Hw2
 

Jebel Ali Free Zone (JAFZA)

The first free zone in the UAE - it gave birth to the history of business in the Emirates, where foreigners are allowed to own 100% of the company’s shares. 

The main advantage of this economic zone is direct access to international transport hubs, in particular, the shipping port of Jebel Ali is located directly on the territory of the Free Zone.  As for air transport hubs, Al Maktoum International Airport is located in the immediate vicinity of the economic zone.  Also in close proximity World Central has already begun its work.

The advanced infrastructure of the JAFZA economic zone simplifies and optimizes almost all business processes.  All customers and investors can rely on a wide selection of specialized products that provide ideal operating conditions for your business.

 

Company advantages in the JAFZA

 

  • There are no requirements to attract a local sponsor, a registered company can be 100% owned by foreign citizens;

  • Companies independently and without restrictions distribute financial assets, as well as profits;

  • International companies are exempted from import and export charges;

  • International companies are exempt from all types of corporate taxes;

  • There is the possibility of attracting foreign labor reserves, with the issuance of appropriate visas and labor cards;

  • There are no restrictions on the repatriation of investment assets and state currency control;

  • Optimal logistics infrastructure, offering the best air, sea, highway and rail routes.

  • The only free zone in the world located near the largest airport and largest seaport;

 

Types of companies

 

  • FZE - companies registered in the Free Zone and with one founder;

  • FZCO - companies registered in the Free Zone and with up to five founders;

  • Branch for existing companies which want to have its own branch in the JAFZA;

  • Offshore companies.  This free zone is the only one in Dubai that allows you to register this type of company.  Moreover, these companies, unlike offshore companies in Ras Al Khaimah, have the right to acquire real estate in Dubai (after agreement with the Department of Land).

 

Types of licenses

 

  • Trading license;

  • Industrial (manufacturing) license;

  • License for the provision of services (only for branches of local companies);

 

Shareholders and management

 

At least one shareholder (individual or legal entity).

FZE or FZCO must have at least one director.

PLC must have at least two directors.

 

Authorized capital

 

There are no requirements for authorized capital for branches of companies. For a new company, the size of the authorized capital is determined by the founders

The authorized capital  payment is not required.

 

Office spaces

Possible products provided during company registration:

 

  • Land;

  • Exhibition halls;

  • Warehouses;

  • Personalized products;

  • Office rooms;

  • Business park;

  • Trade pavilions;

  • Accommodation of employees.

 

Visas

 

The number of visas depends on the type of office/ warehouse / piece of land  you choose.

 

Accounting and auditing

 

Annual submission of audit reports is required.

 

Notes

 

1. The registration deadline for a company is 5-10 working  days from the filing date.

2. A personal visit of a shareholder or representative acting on the basis of a power of attorney legalized in the UAE is required.

____________________

 

The specialists of PARUS are always ready to advise you in more detail on all issues regarding the company registration procedure in Jebel Ali Free Zone.