Jebel Ali Free Zone (JAFZA) is the first free zone in the world which was granted in 1996 with a ISO (International Organization for Standardization) certification. Because JAFZA is known as an international business hub, more than 6,000 local and foreign companies have set up their business here. Established in 1985, JAFZA offers a stable and attractive business environment and a straightforward process for company incorporation; our lawyers in Dubai can offer you more details on the legal system applied to companies in Jebel Ali.
Company incorporation in JAFZA
When opening a company in JAFZA, the investors can choose from the following legal entities:
- • the Free Zone Establishment requires a single shareholder, whose minimum capital has to be AED 1 million;
- • the Free Zone Company must have between 2 and 5 shareholders, and the required minimum capital at the incorporation must be AED 500,000;
- • the branch of a local or foreign company does not require any minimum capital;
- • the Non-resident Offshore company can be set up by individuals or companies.
Our lawyers in Dubai can present further details on the legal requirements the above-mentioned entities must meet in order to function under the JAFZA legislation.
In the UAE, freelancing offers a variety of industries for you to conduct business in. Dubai freelance visas are issued for practically all of the business activities mentioned by Company Law. However, your activity must be relevant to the free zone’s relevant industries, as these operate in specific areas only.
Here is a video presentation with information about how you can open a company in Jebel Ali Free Trade Zone in Dubai:
Licenses in JAFZA
All newly incorporated companies in Jebel Ali must receive a license to function in the Free Area. The JAFZA authorities issue the following licenses:
- • general trading license – the investor will have the right to import, distribute and store general items;
- • trading license – offered for a specific type of trading activity;
- • service license – provided for companies offering services in the Free Zone;
- • national industrial license – addressed to the companies in the field of manufacturing in which at least 51% of the ownership is held by the Arabian Gulf Co-operation Council;
Jebel Ali represents an important business region as it offers high-quality services for companies with operations in the Free Zone, but also because of its corporate taxation system. JAFZA doesn’t impose corporate taxes under specific conditions or income taxes and allows the full repatriation of capital.
We can also help you apply for a Dubai investment visa for the purpose of setting up a business in a free zone. Owners and investors of such enterprises, however, will go through a different application process for the investor visa. Depending on the free zone the company is located in, the type of business, and other considerations, the application process and fees can change.
If you need further information about the Jebel Ali Free Zone, please contact our law firm in Dubai for legal representation and advice.