JAFZA Company Formation: Company Formation in Jebel Ali Free Zone
- Company setup from AED 52,636
- Registration from 2 weeks (Industrial licenses usually take longer)
- Bank account Guaranteed
- Residence visas for 2 Years
- personal visit of the shareholder is required
About JAFZA
Jebel Ali Free Zone, or JAFZA, is one of the older free zones in the country of UAE. It attracts immense foreign investments being the largest free zone in Dubai. It was founded in 1985.
The overall trade value generated annually by the companies present in JAFZA exceeds over $100 billion. It is the home to more than nine thousand five hundred local and international companies, including assembling units, manufacturing plants, logistics firms, and factories.
Global connectivity is easily accessible through the Jebell Ali Free Zone, as it is connected to Al Maktoum International Airport and Jebel Ali Sea Port. JAFZA is home to one of the major port operators and logistics companies, DP World. Cargo clearance cost and time are reduced by the single customs area of the JAFZA free zone.
Trading, logistics, and shipping companies are often based in this free zone. If you are intending to start such a business, JAFZA has a lot of exciting opportunities for you.
Logistics corridor
By sea: Port Jebel Ali serves over one hundred and fifty shipping lines and is capable of handling over nineteen million containers per year. This makes the port one of the best in global ocean connectivity.
By air: Around the globe, Al Maktoum International Airport is considered one of the largest cargo airports.
By land: An extensive highway link joins this part of the UAE region. Between the Emirates and within Dubai, this makes the cargo travel safely and fast.
By rail: Ethihad Rail is UAE’s largest national rail project. It is currently under construction. On completion of the second stage, JAFZA is going to link the entire Arabian Peninsula with JAFZA.
Decide if Company formation in Jebel Ali Free Zone is right for you
— Yes If
- You already have a large or medium business, especially in logistics, export/import, trading, assembly, and manufacturing.
- You are in need of ports, transportation hubs, warehouses, or large production spaces, as the cost of Dubai Free Zone Company Setup is relatively higher.
- You are looking for a wide selection of exhibition halls, commercial spaces, and modern offices in new buildings.
- You are looking to set up your office in a major transportation hub. JAFZA is the oldest free zone in the country.
- If you are looking for cheaper and faster cargo clearance, JAFZA has an in-house customs area.
RAKEZ free zone is a good alternative to JAFZA as all similar facilities are present with the cost being lower.
— No If
You have a company that is small in size or a startup. Because of the high cost of registration and the limited number of offices that are small in size or coworking spaces, we do not recommend JAFZA. We recommend other free zones, such as DMCC or IFZA.
Process of Company Formation for JAFZA
Business setup in the Jebel Ali Free Zone can range somewhere between 3 and 14 work days, starting from the submission date of all necessary documents. It depends on the type of facility and business type that you choose.
The process of a business setup in the UAE can be started without needing your physical presence. But you will need to visit the free zone when all the necessary documents of the company have been generated.
The types of companies formed in the JAFZA may include branches of both foreign and local companies, offshore companies, PLCs, or Publicly Listed Companies, FZEs, or Free Zone Establishments, with no limit to the number of maximum shareholders.
Here is a list of basic documents necessary for the registration of your company in JAFZA. You will need to submit them to the business registration authorities:
- Business activities
- Company name options
- Passport copy
- Brief project summary (1 page is more than enough)
- Application form
Don't miss out on this limited-time opportunity!
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contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com
Send Your Inquiry
Stepwise company registration under JAFZA
- You need to choose the license type and legal entity for your future business based on your needs in terms of number of shareholders, business activities, business model, etc.
- In accordance with the free zone regulations, you need to prepare the required documents and submit them together with a filled-out application. Then the fees must be paid.
- You have to sign the lease contract for the premises of the free zone. Then, you need to submit the contract to the authorities of JAFZA.
- You will receive the incorporation documents of your company once your application has been approved.
- Apply for a residence visa once you have undergone a medical check-up.
- Wait for your Emirates ID card when your visa is issued.
- In any one of the UAE banks, apply for a corporate bank account. In some cases, this may take up to a month’s time.
- You can start running your business in the UAE once you have received the account details for it.
License cost in JAFZA
Here is the list of associated fees needed for a JAFZA license:
Apart from the costs mentioned above, it includes establishment card fees, attestation of document costs, approval fees, and many others. The cheapest package for a company setup in JAFZA is around 52,363 AED. The provided opportunities and advantages compensate for the seemingly higher cost of business set up in the JAFZA freezone.
| Type of License | Cost, AED |
|---|---|
|
Trading license type 1/ industrial or service (7 categories of products) |
5,500 |
|
Trading license type 2 (12 categories of products) |
9,000 |
|
General Trading License of e-commerce or logistics |
15,000 |
| Fee Type | Cost, AED |
|---|---|
|
Registration Fee |
5,000 |
|
Additional Business Activity |
500 per activity |
Licenses and Businesses offered in JAFZA
- Trading: allows trading in terms of services and goods
- E-commerce: allows trading of services and goods electronically
- General trading: allows trading in multiple goods
- Industrial: allows manufacturing, exporting, importing, and packaging of goods
- Logistics: allows shipping of goods, customs clearance, and port operations
- Service: allows various consultancies and services
The trading license has three types. On the basis of the number of activities you can have under one license, they can differ.
- Type 1 offers up to seven activities from the same group
- Type 2 offers up to twelve activities from two groups
- Type 3 offers no restriction on the number of activities and allows from three or more groups.
Type 3 license in trading mostly constitutes the general license of trading. AED 500 is needed to add an extra activity to any type of license. For a variety of business activities, licenses can be obtained at the Jebel Ali Free Zone. The activity list of JAFZA is vast in nature. It has 335 activities offered, which are divided into license categories. For a production plant and warehouse in JAFZA, you would need an industrial license.
Facilities offered by JAFZA Free Zone
Because of the extensive choice of available facilities, the formation of a company at Jebel Ali Free Zone is suitable for many types of businesses. An array of ready-to-use or customisable premises for staff accommodation, storage, and work, as well as land plots suitable for logistics and development facilities for cargo shipping, is provided.
In JAFZA, it is necessary to have premises within the borders of the free zone, as it needs to have a lease agreement in time for the setup of the company. One of the smallest offices available is 26.88 sq. m. The annual rent of the smallest office is 53,670 AED. The floor space of the leased premise is directly tied to the number of visas available for the setup of the company.
After all, below is the list of facilities offered:
Co-working spaces and workstations
Fully furnished and equipped turnkey offices with long-term and short-term business needs fulfilled with no cost of setup.
Office spaces
An array of options can be found to be leased from an entire building to a specific floor.
Customized solutions
Accommodation solutions that are highly customisable with unlimited flexibility in terms of layouts and designs.
Retail outlets
Around 500 dining establishments are spread across the free zone.
Showrooms
Showrooms are available with a dedicated warehouse, prime showroom frontage, and office space over two floors.
Warehouses
Pre-built warehouses supporting light manufacturing activities and high-quality storage facilities.
Plots of land
For large-scale operations, land plots of different sizes and shapes are available.
On-site residence
Accommodation for the staff of the company is available with around 4,600 rooms in JAFZA south and 4,850 rooms in JAFZA north.
The minimum available facility for UAE Freezone Company Setup is a workstation of 5-7 sq. m. The same is available for 2 visas. You should consider an office space right away if you are planning to start your business here.
License renewal of a JAFZA-based company
In order to go forward with company renewal at JAFZA, you need to pay the cost of establishment cards, office facility fees, and license fees. Renewal of the Jebel Ali Free Zone license costs around the same as that of company registration. Without visiting the JAFZA free zone, company renewal can be completed.
You need to give the audit report at the time of the renewal of the company. Auditing can be done through any accredited auditing company and UAE license. A license can be renewed for 3 years after the company owns any sublease facility or a plot of land.
JAFZA Company regulations and amendments
- Change of manager/director
- Business activity
- Change of name (corporate or personal)
For the transfer of shares, you will need to visit the free zone yourself. Otherwise, this process can be completed by a person holding a notarized power of attorney.
Company Liquidation in JAFZA
Personal presence by the owner of the company is required for the process of liquidation. It can also be done by the holder of power of attorney. Payment of the liquidation fee and returning all original documents is requested by the free zone. 2,000 AED needs to be paid in order to cancel your license.
The company liquidation process takes around one month. Upon completion of the procedure, you will be provided with a certificate of liquidation by the JAFZA company register.
Residence Visas in JAFZA
JAFZA makes your company eligible for resident visas just like any other in the Dubai Free Zone. You will be entitled to one resident visa per 10 sq. m. of office space that you occupy. The visas are valid for up to 2 years.
Health insurance is required in this free zone to get a visa. The cheapest package lies between 600 and 800 AED. Annual renewal of health insurance is required.
| JAFZA FEE, AED | MEDICAL CHECK-UP | EMIRATES ID, AED | |
|---|---|---|---|
|
Investor |
4,000 |
752.50 |
390 |
|
Employee |
4,000 |
752.50 |
390 |
Conclusion
At JSB Incorporation, we think that the satisfaction of our clients is of utmost importance. We think that the satisfaction of our clients requires offering customized packaged products at prices that are reasonable in nature.
This adds value to your idea, supporting and guiding you in completing the process of Dubai Company registration. All of this is done while abiding by professional ethics and law. Here, we believe in turning dreams into reality.
We are a team of skilled and enthusiastic professionals who can provide you with company setup services in Dubai at very affordable rates, depending on your needs and convenience. Contact us today to learn more.
FAQs
If there is only one shareholder, you can easily obtain a debit card for your newly opened company. A fixed deposit is necessary in order to get a credit card. Based on the profits and operations of the company, the bank decides whether your company is eligible for a loan.
VAT obligations are dependent upon the location of business activity in addition to the registration location. When the taxable turnover hits AED 375,000, VAT is applied. As long as the products or services are provided outside of the United Arab Emirates, a free zone company's foreign trading activities are not taxable.
A free zone company's official office should be situated in the free zone in which it was registered. On the other hand, you can rent space at a business center and use it as needed if you require an office in Dubai.
Any business that is eligible for resident visas must have a flex desk. It is the bare minimum of physical office required of a business that employs people under its visa.
The country is free from personal income tax. However, there is a 5% import tax on goods brought into the country and a 5% VAT on trading or service transactions in the UAE.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com