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

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

Establishing a company in Jebel Ali.. Dubai is the first emirate to pioneer the free zone model, by offering attractive privileges and a number of investment incentives to foreign companies, including the opportunity to own 100 percent of subsidiary companies without imposing any taxes.

Dubai is also considered the business capital of the country, which makes it the first destination for investors and businessmen to start their own project or expand their current business. But first, they must determine the type of business and its requirements, then learn the steps to establish a company in the Dubai Free Zone, this emirate that is considered the economic capital of the country.

Procedures for establishing a company in Jebel Ali

Despite the advantages given, there are also some restrictions imposed: the person wishing to open a business must determine the nature of this business and go to the relevant authority, then choose a trade name, apply for a trade license, choose offices and work facilities, and then register the company and obtain initial approvals that require a set of documents such as; “a business plan, a title deed for the property, in addition to copies of the passports of the partners and the managing director, a copy of the existing trade license and financial reports for the company’s budget for two years in advance” and work permit procedures.

Dubai Airport Free Zone offers 3 different types of companies that can be established at our offices. Each one offers different options and benefits to suit your specific business needs.  You  can choose from:

  1. Free Zone Establishment (FZE)

Formed by a single shareholder or a company. The minimum capital required is AED 1,000 (USD 272)

  1. A subsidiary of the company

A foreign company can establish a branch of its existing company in the Dubai Airport Free Zone. No capital is required. Please note that the participation capital is not a fixed deposit.

Jebel Ali Free Zone Authority is the oldest and most respected free zone in the Emirate of Dubai. Companies established in this free zone are allowed to engage in international trade and are also allowed to own real estate in the Emirate of Dubai. Companies are allowed to have shareholders. If the founder leases office space within Jafza, he/she is entitled to a single director visa. As with all UAE entities, this entity is allowed to own and operate a bank account in Dubai. Jafza allows the founder 100% repatriation of capital and assets, with no restrictions on foreign exchange or movement of capital in or out of the country.

Conditions for establishing a company in Dubai Jebel Ali

How to Become an Entrepreneur in Dubai Dubai’s status as an emerging market makes it an ideal place to invest. With new residents constantly flocking in from all over the world, new markets are always opening up. The Dubai government supports entrepreneurs through the Mohammed bin Rashid Al Maktoum Foundation for Young Business Leaders and the Mohammed bin Rashid Al Maktoum Foundation. Both organizations seek to inspire young Arab leaders to become an integral part of their region’s economy.

The first step to starting your company is to develop a workable business plan that outlines the company’s goals and explains to investors and potential clients why they should work with you. The government also provides strong support to Emirati entrepreneurs, and there are many grants available to people with a strong business plan.

For example, the Mohammed bin Rashid Al Maktoum Foundation has provided strong support to Emirati and other entrepreneurs by launching the Dubai Trader programme, or Entrepreneurship Development Programme, to identify young and emerging UAE entrepreneurs and develop their promising ideas. There are several ways to obtain financing for new businesses, including business loans from financial institutions and business grants from the Dubai government.

Attracting venture capital is an initial funding option and is often a vital part of many investors’ businesses. Another growth trend in Dubai and the Arab world is the rise of social entrepreneurs who set up companies not just to make a profit but to meet a societal need or protect the environment.

There are more than 30 free zones in Dubai, and this number is increasing. We will list some of the most popular areas that individuals resort to in order to establish a company in the Dubai Free Zone:

  • Dubai Airport Free Zone
  • Dubai Design District
  • Dubai Healthcare City
  • Dubai International Academic City
  • Dubai Internet City
  • Dubai International Financial Centre
  • Knowledge Park in Dubai
  • Dubai Media City
  • Gold and Diamond Complex
  • Dubai Multi Commodities Centre
  • Dubai Silicon Oasis
  • Dubai Production City
  • Jebel Ali Free Zone Authority
  • Dubai Production City
  • Dubai South
  • Dubai Media Production City
  • Dubai Studio City

Advantages of Jebel Ali Free Zone Company compared to the offshore company

  • The right to obtain a 3-year investor visa for each investor and his/her relatives.
  • Tax status as a domestic resident with the benefit of tax treaties and issuance of a tax residence certificate.
  • A commercial and economic basis that is very useful in tax planning.
  • Physical presence (with headquarters, staff and equipment – ​​allowing so-called “Flexi office” or flexible office with virtual office for a lower annual cost – approx. 1.000 euros per year) in a regulated market / free zone with a local presence among other active companies.
  • The added commercial basis is also provided if you choose free zones that specialize in the field of our company’s activity (such as a media company operating in the “Media City” free zone, where hundreds of companies are established and operating in this sector). This is certainly better than just a postal address for an empty apartment in Malta or Cyprus.

This option is also ideal if the client wants to move outside the EU and settle in Dubai without paying taxes while non-EU tax resident is the best and most effective tax planning currently.

Why start your business and company in Dubai?

Whatever your budget and financial capacity, you can start a business, trade or provide services in the UAE due to the different living conditions and requirements, expenses and costs of establishing companies between each emirate and the types of companies available. It is noticeable in the UAE, especially Dubai, the high population density and the constant flow of people, whether they are owners of capital, investors or skilled workers, which led to the existence of many needs for different projects and increased demand for products and services.

So, it is the best place where you can start your business, industry or provide your services where users and audience are present. Dubai government support for entrepreneurs and investors and facilitate all services and needs to start a business or activity in Dubai.

Establishing a company in Dubai Free Zone

When starting a business in the free zones in Dubai, a number of legal points and steps must be taken into consideration, which are:

  • The legal form of the company, whether a company, a branch of a company, or an institution
  • Specify the company name
  • Choosing a company headquarters within the Dubai free zones
  • Obtaining the license and initial approval to practice the work.

Types of Free Zones in Dubai

There are two types of free zones in Dubai:

  • Free Zone Company – Limited Liability
  • Free Zone Establishment

The difference between the two types is in the number of shareholders and their legal status, whether they are natural or legal. Also, each free zone in Dubai includes a set of rules specific to it, and therefore business owners must ensure that the company’s status is consistent with the legal requirements of the free zone in which they wish to operate.

Benefits of Free Zones

  • 100% ownership of the company, where you will be the sole owner of the entire company without the need for a local sponsor.
  • Distinction in ease of establishment procedures and low costs.
  • Flexible solutions in all areas of business establishment.
  • The possibility of benefiting from the business community through which the services of the free zone authorities can be used in terms of support services, sponsorship, or other services.

As there are many free zones within the United Arab Emirates, we provide the best services to provide our clients with services that suit their needs and help them obtain a license from the best free zones according to the work requirements from the first step until the end, as we take care of all the details so that the client can focus on his business plan.

Learn the steps to establish a company in Jebel Ali 

Determining the activity is the first step to obtaining a business license. Through the activity, the parties associated with this activity and the permitted legal forms are determined.

The legal entity of free zone establishments in the country takes one of the following two types:

  1. Free Zone Limited Liability Company
  2. Free Zone Establishment.. Establishing a company in Jebel Ali 

The difference between the two types lies in the number of shareholders and the nature of the shareholder, whether a natural or legal person. Not all free zones are required to register these two types of establishments.

Therefore, we advise the investor to refer to the authority responsible for managing each free zone individually to inquire about the legal structure available for the type of activity he wants to practice. The Dubai Multi Commodities Centre allows the establishment of a limited liability company, which takes the form of a wholly-owned subsidiary of a local or foreign company.

10 facts about Jebel Ali

  • Jebel Ali Port is among the ten largest ports in the world.
  • Jebel Ali Port is connected to more than 180 shipping lines.
  • Jebel Ali Port is connected to 140 ports around the world.
  • The container terminals at Jebel Ali Port have 23 berths and 78 cranes to cater to the needs of the world’s largest container ships, with the facility able to accommodate all vessels of any size currently in service or on order.
  • Jebel Ali Port is the largest seaport in the Middle East and the flagship facility of DP World’s portfolio of over 65 ports and marine terminals across six continents.
  • Jebel Ali Port is also a hub port for more than 90 weekly shipping services, and is ranked as the ninth largest container port in the world.
  • Jebel Ali Port has been voted the Best Seaport in the Middle East for twenty consecutive years.
  • Jebel Ali Port houses the world’s largest man-made dock.
  • Jebel Ali Free Zone is home to over 5,000 global companies.
  • The Jebel Ali Industrial Zone features no currency restrictions, no corporate taxes, no personal income tax and no minimum capital requirements.

Does Dubai Free Zone allow any type of manufacturing?

Manufacturing work is available and is strictly in accordance with safety procedures.

Can a company get a license in Dubai Free Zone without renting a specific facility?

The company must rent a specific facility in order to obtain a license.

Do we need a local sponsor to establish a company in the Dubai Free Zone?

No. You will have the advantage of 100% ownership of your company in the Dubai Free Zone.

Can a business license in Jebel Ali Free Zone be transferred to Dubai Airport Free Zone?

No. You have to apply for a new business license in the Dubai Free Zone and then cancel the Jebel Ali Free Zone license or vice versa.

What activities and businesses are allowed in the Dubai Free Zone?

All commercial activities for certain products are permitted as long as they are not hazardous.

Company formation

We establish companies and all legal forms for all nationalities.

Investment opportunities

We can help you find investment opportunities for projects in Dubai through feasibility studies or through existing projects.