You must read this before you start a business at JAFZA!
Setting up business in Jebel Ali free zone also called as JAFZA in Dubai can certainly be an aspiring decision. Reportedly, JAFZA attracts over 32% of UAE’s foreign direct investment; allotting a trade value of $87.6 billion. It is also said that JAFZA contributes 21% of Dubai’s GDP and has a raging workforce. Such benefits have made business setup in Jebel Ali Freezone an enticing endeavor. However, there are three basic things you must know before you start a business in Jebel Ali free zone.
Here are the three things you must read about before you start a business in Jebel Ali Free Zone:
Jebel Ali freezone is the strongest business community in MENA region
JAFZA freezone is the first established freezone in the MENA region. It is also the first freezone in the world to gain an ISO certification. Jebel Ali freezone has made a huge contribution towards economic growth and commercial advancements in the MENA region. Established since 1985 with only 19 companies, JAFZA today houses over 7000 companies from across the world. From Fortune 500 companies to SMEs and international industries JAFZA accommodate them all!
Jebel Ali freezone is a hub in terms of transportation
JAFZA is situated near the largest harbour in the world called the Jebel Ali Port that accommodates around 15 million containers per year through 170 shipping routes. As per reports, Dubai’s 50% exports and 30% of imports are regulated from JAFZA freezone. The strategic location is also close to the Al Maktoum cargo airport and the Dubai’s International Airport, which is also termed as the busiest cargo airport in the world. JAFZA also has a 6-lane modern highway that further helps in transportation and makes the business process simple.
Jebel Ali freezone offers Public Listed Companies (PLC)
The JAFZA authority brought the legal entities such as the Free Zone Establishment (FZE), Free Zone Company (FZCO) and Branch Companies under one regulation. To offer flexibility to the businessmen and investors the JAFZA authority introduced a new legal definition such as Public Listed Companies (PLC). According to the new law, the companies can restructure their business proceedings by adopting from an FZE or FZCO to a PLC and vice versa. Companies converting into a public listed company further offers steadiness in business, which has made company formation in Jebel Ali free zone even more demanding.
To find out more such amazing business possibilities in Dubai’s Jebel Ali freezone contact Shuraa Business Setup. Call us on + 97143510077, +97144081900 or WhatsApp on +971507775554. You may also email us on email@example.com