JAFZA Dubai. Companies in JAFZA Free Zone.

Worldwide Incorporation Services specializes in Jebel Ali Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.

 

General Information about JAFZA Dubai

Dubai hosts one of the largest free trade zones in the world: JAFZA. A combination of modern infrastructure, sound business policies and access to global markets has seen over seven thousand companies establish their presence at JAFZA Free Zone.

JAFZA Free Zone – The world’s fastest growing free zone in Dubai UAE.

Welcomed business activities

All business activities are welcomed by JAFZA Free Zone.

Benefits of JAFZA Company Setup

• Allowed to do business in the UAE
• Allowed to have an office in the UAE
• Company can hold an account in a bank in the UAE
• Possibility to get resident or employment visas for investor and employees
• 100% foreign ownership
• 100% repatriation of capital and profits
• No corporate tax
• Total exemption from all import and export duties
• No personal income tax

Dubai has clearly established itself as an economic beacon in the UAE. JAFZA Free Zone is a crucial pillar to Dubai’s economic success. JAFZA companies benefit immensely from the many incentives offered by Jafza and by the robust economic and financial framework of Dubai and the UAE.

Company Types in JAFZA Free Zone

The Jebel Ali Free Zone Authority allows three types of business setups:

Free Zone Company (FZCO)

FZCO applicants can avail of JAFZA’s unique offer of forming a company as a separate legal entity. An FZCO can be formed with 2 to 5 shareholders with a minimum capital of AED 500,000. The minimum number of directors is two. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.

Free Zone Establishment (FZE)

FZE applicants can avail of JAFZA’s unique offer of forming a company as a separate legal entity. An FZE formation can be with a single shareholder with a minimum capital of AED 1 million. The minimum number of directors is two. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.

Branch

For existing companies wishing to establish a base in JAFZA.

 

Types of License in the Jebel Ali Free Zone (JAFZA)

The categories of license available within the JAFZA are:

Trading

A JAFZA Trading License allows the holder to import, export, distribute and store items specified on the license. In addition to this, there is a JAFZA General Trading License which allows the holder access to a wider range of activities and a broader range of items on the license.

Service

A JAZFA Service License allows the holder to carry out the services specified on the license within the JAFZA. A JAFZA Logistics License allows firms to engage in logistic services such as Cargo (sea, land, air), warehousing, storage, packing, transshipment and distribution.

Industrial

A JAFZA Industrial License allows the holder to import raw materials, carry out the manufacture of specified products and export the finished product. In addition, there is also the National Industrial License, issued for manufacturing companies with at least 51% Arabian Gulf Co-operation Council(AGCC) ownership. This license allows the holder the same status as a local or AGCC inside the UAE.

Required Documents for Company Formation in JAFZA

• Passport copy of manager/shareholder
• Project summary
• No Objection Certificate from local sponsor (if applicable)

FZE/FZCO Individuals:

• Business profile of shareholder(s)
• Board Resolution attested by JAFZA
• Specimen signature of manager attested by JAFZA

FZE/FZCO Company:

• Certificate of Registration duly notarized and attested by UAE Embassy
• Memorandum of Association duly notarized and attested by UAE Embassy
• Article of Association duly notarized and attested by UAE Embassy
• Specimen signature of manager attested by JAFZA

Branch Office (Outside UAE):

• Certificate of Registration duly notarized and attested by UAE Embassy
• Memorandum of Association duly notarized and attested by UAE Embassy
• Article of Association duly notarized and attested by UAE Embassy
• Board Resolution or Owner Declaration form duly notarized and attested by UAE Embassy
• Specimen signature of manager attested by JAFZA

Local Branch:

• UAE License copy
• Copy of Memorandum of Association
• Copy of Article of Association
• Copy of Chamber of Commerce certificate
• Letter from company to open branch in JAFZA
• Original Board Resolution specimen signature of manager attested by JAFZA

* JAFZA reserves the right to obtain additional documents if required.

Jafza Dubai Facilities

• Business Park
• Offices
• Showrooms
• Warehouse & Light Industrial Units
• Plots
• Retail Outlets

Calculating Your New Free Zone Company in the Jebel Ali Free Zone (JAFZA)

This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a new company registration in the Jebel Ali Free Zone:

1.Type of License

Each activity of a company falls under a specific License Type. Below is an overview of the basic expenses associated with a new company registration in the Jebel Ali Free Zone:

 

Cost includes License fee only.

2. Type of Registration

The registration fee for a company depends on the proposed structure of the company as follows:

 
Note: Additional fees apply for MOA & AOA Attestation – AED 200, Board Resolution – AED 200 and Specimen signature of each shareholder and/or appointed representative of the company – AED 50.
 
3. Type of Office Facilities

Being a JAFZA licensed entity you are required to rent an office. Number of visas you are eligible for depend on the office’s size – 1 visa per 9 sqft for all types of facility. Business park facility allows 2 visas maximum, subject to availability.

 
Note: Security Deposit, Public Health Levy (PHL) & Other Cost are not included on the above annual rent costs.

4. Other Documents

Establishment Card is a mandatory document to enable the company register in the Residency Department. If a company would like to appoint a PRO to be represented for visa purposes in JAFZA, a Power of Attorney signed either by Manager or Shareholder is required.

 

5. Visa Application

Cost of each visa may differ depending on the visa type and whether the person in currently in or out of the UAE. Amendment of visa can be done only if an applicant has cancelled his visa or is transferring within JAFZA. Employment visa for employees and investors is valid for 3 years.

 

Note: Labour Guarantee Deposit is required and is calculated as 1.5 x Basic Salary + Oneway Ticket Airfare per visa.
 
6. WIS JAFZA Service Packages

Three packages are available for clients’ choice depending on individual needs.

JAFZA Free Zone – Packages

 
*USD 1 = approx. AED 3.67.

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JAFZA Free Zone Company Formation – Office Addresses

 

Services in JAFZA

Worldwide Incorporation Services provides the following services related JAFZA Free Zone Companies | Company Formation in JAFZA:

• JAFZA Company Formation
• Investor & Employment Visas
• Full JAFZA Free Zone Company Administration & Secretarial Services
• Opening of Bank Accounts

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Worldwide Incorporation Services | JAFZA Company | JAFZA Company Set Up

 

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