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How to set up a company in Jebel Ali and its cost

١٢ فبراير How to set up a company in Jebel Ali and its cost

Establishing a company in Jebel Ali Free Zone in Dubai is a strategic choice for investors looking to benefit from a sophisticated and free investment environment. Jebel Ali is known as one of the most prominent free zones in the world, offering multiple benefits such as full tax exemptions, 100% foreign ownership, and advanced infrastructure that supports various types of commercial and industrial activities. Establishing a company in Jebel Ali is characterized by the ease of procedures and clarity of the required steps, whether by submitting applications online or cooperating with specialized service providers. The cost of establishing a company in Jebel Ali varies based on the type of business activity, the required space, and the facilities required by the investor. This cost includes licensing and registration fees, office or warehouse rental costs, in addition to some other administrative fees. Establishing a company in Jebel Ali is a promising opportunity to achieve success in an encouraging and supportive business environment, with the potential for expansion locally and regionally.

How

How to set up a company in Jebel Ali

Setting up a company in Jebel Ali Free Zone requires following a set of steps that ensure the establishment of the business legally and smoothly. Here is how to set up a company in Jebel Ali:

  1. Determine the type of business activity: The first step is to choose the appropriate business activity for your company. This may include industrial, commercial, service, or other activities. You must choose the activity that is in line with the needs of the market and your future plans.
  2. Choosing the legal form of the company: You can choose one of the legal forms such as a limited liability company (LLC), a subsidiary, or a representative office. The legal form determines how the company is managed and what type of legal responsibilities it has.
  3. Determining Capital: Capital requirements vary depending on the type of business and size of the company. Jebel Ali Free Zone allows 100% foreign ownership of the company, so the required capital can be determined based on business needs.
  4. Choosing a company name: The company name must be chosen in accordance with the requirements of the free zone, taking into account that the name is unique and not used by any other company.
  5. Registration and Licensing: The company registration application must be submitted to the Jebel Ali Free Zone Authority (JAFZA) along with the required documents such as passports and lease contracts. After the application is reviewed and approved, the trade license will be issued.
  6. Renting an office or warehouse : Jebel Ali Free Zone offers multiple options for renting office or industrial spaces, depending on the business needs.
  7. Opening a bank account: After obtaining the license, a bank account must be opened for the company in one of the local banks to facilitate financial transactions.
  8. Obtaining visas: You can request visas for employees working in the company based on the number of visas allowed according to the size of the company and the type of activity.

Following these steps will ensure that you successfully set up your company in Jebel Ali and benefit from the attractive investment environment that the area offers.

Jebel Ali Free Zone

Jebel Ali Free Zone (JAFZA) is one of the most important economic zones in the UAE and the Middle East, with an ideal business environment that attracts companies and investors from all over the world. Established in 1985, the free zone has quickly become a global hub for trade, logistics and industry, thanks to its strategic location near Jebel Ali Port, the largest port in the region, which facilitates import and export operations to global markets.

Jebel Ali Free Zone offers a number of investment advantages that make it a leading destination for setting up businesses. The most prominent of these advantages are full exemption from corporate and personal income taxes, 100% foreign ownership without the need for a local partner, and the freedom to transfer profits and capital in full. The zone also features an advanced infrastructure that includes modern industrial and commercial facilities, and a variety of offices and warehouses that meet the needs of various companies.

Jebel Ali Free Zone supports businesses across sectors such as manufacturing, trade, and logistics, making it an ideal environment for growth and expansion. The proximity to Jebel Ali Port and Al Maktoum International Airport also enhances its position as a vital logistics hub connecting Asia, Africa, and Europe. In short, Jebel Ali Free Zone provides a sustainable economic environment that helps businesses achieve success and expand internationally.

How

Cost Factors of Setting Up a Company in Jebel Ali

The cost of establishing a company in Jebel Ali Free Zone is affected by several factors, and these factors vary based on the type of activity, the size of the company, and the specific requirements of each investor. The following are the most important factors that affect the cost of establishing a company in Jebel Ali:

  1. Type of business activity: The cost of a business license varies depending on the type of activity you intend to practice, whether it is commercial, industrial, or service. Some activities may require special permits, which increases the cost.
  2. Company size and number of employees: The more employees and operational needs a company has, the higher the cost of incorporation. Some businesses require more employee visas, which impacts fees.
  3. Office or Industrial Space: Renting offices or warehouses in Jebel Ali varies depending on the size of the space and location. Companies that require large industrial or storage spaces will incur higher costs than small companies that only need offices.
  4. Capital Requirement: Depending on the type of business, there may be minimum capital requirements. Capital can affect the cost of registering in a free zone.
  5. Licensing and Registration Fees: Fees vary depending on the type of company and its legal form. These fees include the costs of registration with the Jebel Ali Free Zone Authority (JAFZA) and other administrative fees.
  6. Additional service fees: The company may require additional services such as legal advice, contract preparation, insurance services, or even visa facilities, and these services add to the total cost.
  7. Visas and Residency: If you need to hire international staff, the cost of employee visas and residency will be added to the total cost.
  8. Maintenance and service fees: Some companies require maintenance services or logistical support on a regular basis, and these costs may be part of the contracts for leasing spaces in the free zone.

These factors combined determine the final cost of setting up a company in Jebel Ali Free Zone, and it is essential to conduct a comprehensive study to determine the required budget based on the business needs and the commercial future of the company.

Advantages of establishing a company in Jebel Ali

Establishing a company in Jebel Ali Free Zone offers many unique advantages that make it a preferred destination for investors from all over the world. Here are the most prominent advantages of establishing a company in Jebel Ali:

  1. 100% Foreign Ownership: Jebel Ali Free Zone Law allows foreign investors to fully own their companies without the need for a local partner, enhancing business independence.
  2. Comprehensive Tax Exemption: Companies in Jebel Ali enjoy complete exemption from corporate and personal income taxes for extended periods of up to 50 years, providing a tax-free environment.
  3. Freedom to transfer funds : Investors can freely transfer capital and profits outside the country without restrictions, which enhances the ability to manage profits comfortably.
  4. Advanced Infrastructure: Jebel Ali offers high-quality infrastructure including ports, airports, storage facilities and warehouses, making it ideal for companies that rely on exports and imports.
  5. Ease of procedures: The procedures for establishing companies and obtaining licenses in Jebel Ali are simplified and flexible, with full support from the competent authorities in facilitating transactions.
  6. Strategic Location: Jebel Ali is located near Jebel Ali Port, one of the largest ports in the world, making it a vital logistics hub for global trade and giving businesses access to multiple markets.
  7. Multiple types of activities: The free zone allows for a wide range of commercial, industrial and service activities, giving companies the flexibility to choose the activity that suits the nature of their business.
  8. No currency restrictions: There are no restrictions on the use of foreign currencies, allowing freedom in international financial transactions for companies.
  9. Strong Government Support: The UAE government provides strong support to investors in Jebel Ali, both through providing incentives and through offering legal and commercial facilities.
  10. Ease of obtaining visas: Companies in Jebel Ali can easily apply for visas for investors and employees, making it easier to operate a company and attract talent from different countries.

These advantages make Jebel Ali an ideal environment for companies seeking to expand into the international market and take advantage of investment opportunities in the UAE and abroad.

In conclusion, setting up a company in Jebel Ali Free Zone is a strategic move for investors looking to expand into new markets and achieve success in a free and encouraging business environment. With the many advantages offered by the zone, such as full foreign ownership, tax exemptions, and logistical facilities, companies can achieve sustainable growth and commercial prosperity. The advanced infrastructure and strategic location also make Jebel Ali a global hub for trade and investment. Whether you are looking to set up a commercial or industrial company, Jebel Ali has everything you need to start your investment journey successfully.

Frequently asked questions about setting up a company in Jebel Ali

What are the basic steps to set up a company in Jebel Ali Free Zone?

The basic steps include identifying the business activity, choosing the legal form of the company, registering the company with the Free Zone Authority (JAFZA), choosing the appropriate office or warehouse, and obtaining the license.

Can foreigners fully own their companies in Jebel Ali?

Yes, foreign investors can own their company 100% without the need for a local partner.

What are the costs associated with setting up a company in Jebel Ali?

Costs vary depending on the type of activity, company size, office or industrial space requirements, and registration and licensing fees.