JAFZA FREE ZONE OVERVIEW
Founded in 1985, JAFZA has since been the host to some of the largest UAE enterprises and corporations today. More than 20% of foreign investment and over 50% of overall exports from Dubai come from the Jebel Ali Free Zone, which, as a competitive market center, shows its tremendous significance. As of today, $69 billion in exchange alone is worth in the Jebel Ali Free Zone. Situated at the Port of Jebel Ali, JAFZA is close to the world’s largest port linked to all seaports worldwide. It can handle over 15 million containers through 170 shipping routes each year.
JAFZA BUSINESS SETUP BENEFITS
Company set up in JAFZA has a lot of advantages for business owners. The geographical positioning of the Jebel Ali Free Zone ensures that, although Dubai International Airport and Al Maktoum Freight Airport are nearby, it has connections to most markets worldwide. A single customs service linking these two airports is provided by the Jebel Ali Free Zone, offering a hassle-free air cargo operation. Other benefits include:
- Presence of fully furnished offices, business parks, warehouses, showrooms, and traders’ market
- 0% corporate tax (for 50 years), personal income tax, and import/re-import duties
- Reliable supply of electricity and its availability at very low cost
- Complete repatriation of profits and capital
- Allowed to hire foreign employees
- Free from VAT (value-added tax)
- No currency restrictions
JAFZA FACILITIES
Being home to over 7,000 companies from 150 countries all around the world, Jebel Ali free zone offers a great range of facilities to its inhabitants. These facilities include:
- Customized development solutions for flexibility of investors, such as flexi desk
- On-site residence for employees residing inside the Jebel Ali Free Zone
- JAFZA One – A one of a kind commercial complex
- Retail outlets and spaces
- Business Park
- Workstations
- Warehouses
- Showrooms
- Offices
JAFZA ACTIVITY LIST
Setting up a company in JAFZA gives you great flexibility and an endless amount of business activities to choose from. Here are some of the most popular options:
- Project Management
- Waste Management
- All Trading Activities
- Hospitality Services
- Freight Forwarding
- Sea Cargo Service
- Tobacco Trading
- Ship Chartering
- Manufacturing
- Consultancy
- Transport
- Training
JAFZA COMPANY SETUP
The process of JAFZA company formation is reasonably easy and straightforward. Firstly, you have to determine the form of company you want to set up. The documentation and application work listed below will be dependent on the type of your company. Your business will be up and running in 10 days after all the procedures are completed. Company setup in JAFZA consists of the following types: