JAFZA Company Formation – Founded in 1985, the Jebel Ali Free Zone Authority (JAFZA) is one of the oldest Free Zones in the UAE. JAFZA is the business hub for thousands of corporations from over 100 countries responsible for over 20% of the country’s foreign direct investment with a trade value of USD 69 billion.
The Jebel Ali Free Zone (JAFZA) is one of the most viable locations to form a business. Businesses established in JAFZA will benefit from:
- Connecting with a network of corporate leaders
- Global connectivity
- Easy operational environment
It is necessary for the investor to choose one of the following formation types for Jebel Ali Free Zone Company Formation
- Free Zone Company (FZCO)
- Free Zone Establishment (FZE)
- Branch of a Company
- Public Listed Company (PLC)
Advantages of Jebel Ali Free Zone (JAFZA) Company Registration
There are several benefits when setting up a Jebel Ali Free Zone Company, they include:
- No corporate tax for 50 years (renewable)
- No taxes on personal income
- No import or re-export duties
- No restrictions on foreign currencies
- Foreign employees or talents are not constrained
Types of licenses for Jebel Ali Free Zone Company Setup
Jebel Ali Free Zone offers different kinds of licenses to choose from depending on the desired business activity
Here are the licenses and its specific activities that can be carried out in the JAFZA:
Import, Export and Distribute items stated on the license.
Import raw materials, execute manufacturing of specified products and export the finished product.
Access an extensive range of activities and a broader range of items.
Perform the services indicated on the license.
Purchasing and selling of commodities and services via any electronic means.
- National Industrial License
Issued for manufacturing businesses with at least 51% GCC ownership.
Execute development of new products and services.
Specified logistics services are only allowed (e.g., transportation, storage, inventory management, distribution, and so on).
An incorporated offshore establishment can be formed by any one or more individuals with the collaboration or assistance of an existing Limited Liability Company in the region.