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Business Setup in JAFZA
JAFZA is an ideal place for investors to invest as there is no restriction for foreign ownership, tax privilege, no foreign currency restrictions and no restriction on recruitment. In these zones businesses operate under the independent authority and its issuing operating licence and regulations the activities in these zones. It offers five type formation businesses in Dubai and connects to more than 3.5 Billion people.
Business setup in JAFZA is not easy for foreign investors. Where Bizinvestfrim assists foreign investors to set up business from registration of companies, licence applications, authority approvals, visa processing, business registration, and other activities. Our professional team understands your requirements and assists you in setting up the business. We provide all solutions in one place so you contact Bizinvestfrim.
Benefits of company setup in JAFZA
Business setup in JAFZA comes with a lot of advantages. Apart from geographical positioning to proximity to major airports, it has significant connections to most markets worldwide. Other benefits include:
100% Foreign Ownership: Entrepreneurs can retain complete control of their businesses without needing a local sponsor or partner in Dubai.
Tax-friendly Environment: JAFZA offers a tax-free zone with no corporate or personal income taxes, ensuring higher profitability for businesses.
Customs Duty Exemption: Companies operating in JAFZA enjoy exemption from customs duties on imports and re-exports, reducing operational costs.
Strategic Location: JAFZA is located near major shipping routes and airports, providing easy access to global markets and trade.
World-Class Infrastructure: Businesses benefit from modern facilities, advanced logistics, and cutting-edge technology, supporting efficient operations and growth.
Streamlined Business Setup: JAFZA offers a simplified and quick process for company registration, enabling faster market entry and operational readiness.
Different types of JAFZA license
The various categories of licenses issued for JAFZA free zone company formation are –
Types of business structures in JAFZA
To start a business in JAFZA, you have to first determine the form of company you want to establish. The options include the following –
Steps of Company formation in Jebel Ali Free Zone
Here are the steps of company formation in the JAFZA Free Zone
- Define Your Business Activity: Determine the type of business activities your company will engage in, as JAFZA requires precise activity selection to ensure compliance with UAE regulations.
- Select Your Business Structure: Choose the appropriate legal structure, such as Free Zone Establishment (FZE) or Free Zone Company (FZCO), based on the number of shareholders and future business goals.
- Register Business Name: Reserve and register a unique business name that aligns with UAE naming conventions and complies with JAFZA’s specific guidelines for trade names.
- Identify Business Location: Select an office or warehouse space within JAFZA that meets your operational needs, from flexible office solutions to larger industrial spaces.
- Apply for Business License: Submit your license application based on your chosen business activity (e.g., trading, industrial, or service) along with the required documents for approval.
- UAE Bank Account Opening: Open a corporate bank account in the UAE, necessary for conducting business transactions, managing finances, and fulfilling operational requirements in JAFZA.
Requirements for company registration in JAFZA
- License application form
- Letter of intent
- Brochure of the existing company, if any
- Annual financial report of the company/ 6 months bank statement of the shareholders
- Shareholder and manager’s passport and CV
- Original bank reference letter (for individual shareholders)
- No Objection letter from the current sponsor (if the manager is a resident of UAE and UAE employment visa-holder)
- Business plan
- Initial approval (for business activities)
JAFZA free zone license cost
The cost of a JAFZA Free Zone license ranges between AED 5,000 to AED 50,000, depending on the type of license you require. For example, the JAFZA general trading license cost includes the license fee, business registration fee, office or facility rent, visa charges, and other related expenses.
To get an accurate cost breakdown tailored to your business needs, connect with the experts at Bizinvestfirm for a cost-effective and efficient JAFZA business setup solution.
JAFZA License Renewal: The renewal cost is AED 10,000. This process can be done remotely without requiring your physical presence, as you can hire a registered agent to handle the legal formalities for you.
List of permissible activities in Jebel Ali Free Zone
JAFZA offers businesses great flexibility and an endless number of activities to choose from. Some of the common choices of activities in the free zone are listed below –
- Trading activities
- Manufacturing
- Project management
- Waste management
- Freight forwarding and sea cargo
- Ship chartering
- Hospitality services
- Training and Consultancy
- Transportation services
Start your JAFZA business with the help of Bizinvestfirm consultancy
Bizinvestfirm provides comprehensive business setup solutions in Dubai, offering services like license applications, authority approvals, visa processing, and business registration. With a team of experienced professionals, we ensure that you receive expert guidance tailored to your business needs, from the right structure to the best options for growth.
To learn more about JAFZA businesses, the JAFZA general trading license cost, and the full range of business setup services, visit Bizinvestfirm today.
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