JAFZA Company Formation, Jebel Ali Free Zone License Cost
Shuraa experts will guide you through everything with regards to JAFZA company formation, license cost, etc., without any hassle.
Jebel Ali free zone (JAFZA) is among the oldest locations for business setup in the UAE. JAFZA is named the flagship free zone of Dubai Ports (DP) World. Hence, it plays an integral role in the DP World UAE region’s integrated business hub.
Furthermore, the free zone is located near the world’s 7th largest container port named Jebel Ali Port and adjacent to prime cargo airports. Hence, Jebel Ali free zone is a hub for shipping companies and trading sectors including export and import ventures. It is also the largest free zone in the UAE.
The free zone was established in 1985 by the Dubai Government. Since then, the Jebel Ali free zone has been aiding in improving the economy of Dubai. This is because of its unique positioning and progressive work procedures. Furthermore, the ISO-certified jurisdiction allows diversification of business modules. Not long after, JAFZA company registration gathered demand and popularity.
JAFZA company structures
Jebel Ali free zone provides easy procedures for free zone company registration in Dubai. Jebel Ali free zone company setup can be done under three structures:
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
- Branch Office
Benefits of company registration in Jebel Ali free zone
The region that started with only 19 companies has grown within just a few decades and currently houses over 7,000 companies. One of the major advantages of JAFZA company formation is the governmental and jurisdictional benefits that the region offers.
If you are intending to start with the process of business setup in Jebel Ali free zone, the region has a lot to offer. The various benefits include:
- 100% foreign ownership
- No personal, income, or corporate taxes
- Dynamic international community
- Full repatriation of capital and profits
- Strategic location boosting opportunities
- Leasing options
- Simple and quick set up process
- Innovative infrastructures
- Exemption from all import and export duties; however, you can’t import into mainland
Facilities offered at JAFZA free zone
JAFZA offers various facilities for company formation in the free zone, these include:
- Plots of land
- Customised developmental solutions
- Business parks
- Rental outlets
- On-site residence
Business activities permitted in Jebel Ali free zone
JAFZA permits various activities to be conducted in the free zone. These are:
- General Trading
Licenses offered by JAFZA free zone
Jebel Ali free zone trade license cost is affordable and starts from approximately AED 5,000. The various types of licenses issued by JAFZA include:
- Trading license
- Service license
- Industrial license
In order to acquire a license, you will be required to have a physical space when setting up company in Jebel Ali free zone. These could be either flexi desks or full office spaces.
Additionally, JAFZA also offers other licenses depending upon the nature of your company, including:
- E-commerce license
- Innovation license
- National industrial license
- Off-shore registration
JAFZA license renewal
The renewal process of businesses in JAFZA is a highly cost-effective and simple process. You will be required to submit an audit report starting from the second renewal of your company on an annual basis.
In order to complete the process of renewal for your company, you will need to pay the renewal fee and submit the signed lease agreement for your facility. To add on, an advantage is that your physical presence in the UAE isn’t required for renewal and can be completed through an agent.
Business liquidation in JAFZA
Similar to renewal, company liquidation also does not need the physical presence of the owner and can be completed through an agent. There is a requirement for you to pay the government fee to complete the process of liquidation.
Company liquidation takes about 1 month to be completed and involves the following steps:
- Cancellation of visas
- Termination of lease agreement
- Closure of bank account
To find out more about various business setups in JAFZA, contact Shuraa – one of the best business setup companies in Dubai. Shuraa helps solve your business-related queries and offers you solutions best suited to your company formation in the UAE.
Frequently asked questions for IFZA free zone:
Yes, you can renew your license remotely using a registered agent with just an authorization letter and renewal fees.
It takes less than a week to get your license to start your business in the JAFZA.
No, you have 100 % ownership and do not require to have a local partner to start your company.
It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone.
If you want to have your company in a different free zone, you will be required to liquidate your company in the current free zone and then open your company in a different free zone.
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