Jebel Ali area in Dubai is one of the largest economic areas in the Middle East, as it contains one of the largest international ports, “Jebel Ali Port”, which plays a vital role in serving global markets and plays a pivotal role in the economy of the United Arab Emirates.
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ToggleFees for issuing a license to establish a company in Jebel Ali Free Zone:
- Initial approval fee is 100 dirhams.
- The fee for issuing a trade name for a company or investment is 210 dirhams.
- The license fee for professional businesses is 550 dirhams.
- Commercial and industrial business fees amount to 600 dirhams.
- Service fees from an authorized agent in the UAE amounting to 700 dirhams.
- Business partner fee 500 dirhams.
- The fee for obtaining and printing a license is 50 dirhams.
Documents and licenses required to establish companies in the free zones in Dubai
Every investor who wishes to establish a company in one of the free zones in Dubai must submit an application that includes a set of documents and papers, the most important of which are:
- Passport copy
- Project Summary
- Required legal documents
- Trade name
After the application is approved, the investor must begin the process of identifying the required licenses and products. Fees and costs range from AED 2,500 to AED 9,000 depending on the number of shareholders involved. If the company has a wider range of products and services to offer, the fees may reach AED 30,000 to obtain a general trading license.
Timeframe for setting up companies in Dubai free zones
The time period required for an investor or businessman to establish his company in a free zone ranges between one and two months. The possibility of accelerating this process depends on the speed of providing the required papers and documents as well as paying the fees and costs by the owner or investor.
Free Zones in the United Arab Emirates
The UAE is considered one of the best commercial markets for investment in the world due to the facilities and advantages it offers to foreign investors and Gulf investors in particular. The UAE and Dubai in particular are distinguished by free zones, so investors aspire to establish a company in Jebel Ali in Dubai and other free zones in the UAE.
Dubai is the first emirate to implement the free zone model, which offers foreign companies attractive privileges and many investment incentives. Free zones in Dubai seek 100% foreign ownership in addition to complete tax exemption. There are currently 23 free zones operating in the emirate, established to serve specific sectors and industries, including information technology, real estate, telecommunications, media, finance, gold and jewelry, and healthcare.
With the presence of this number of free zones in the Emirate of Dubai, each of which offers different advantages and capabilities than the other, it becomes important to review all the terms and conditions for establishing companies in these zones, and the necessity of reviewing all the capabilities and offers and calculating all the costs before making a decision to invest in one of them.
Financial cost of setting up companies in Dubai free zones
Expenses and costs added to the permit fees, such as: annual rent, residence and sponsorship fees that may start from AED 1,000 and reach AED 3,000. The cost of establishing a company in the free zone naturally includes the amount that must be paid as rent for the property that will be the company’s headquarters, and this amount varies according to the location, area and type of the property (offices, showrooms, or vacant plot of land).
It is worth noting that the costs of obtaining licenses and residence visas are paid only in the first year, as they are valid for three years, while the investor must pay rent and the value of services and facilities on an annual basis. However, it should be noted that the costs of establishing a company in the free zones in Dubai during the first year are higher than in the case of establishing the company outside the free zones… Jebel Ali area in Dubai.
Instant license in Dubai
The instant license shortens the previous steps and combines them into one step without the need to draw up an incorporation contract and a lease contract.
Instant License Requirements in Dubai
- The instant license in Dubai is for one time, i.e. during the first year of practicing investment in Dubai.
- Upon renewal, the company’s articles of association and other required documents must be attached.
- The fees for issuing an instant license in Dubai are done by issuing a single payment paper that includes the fees for registering the trade name, initial approval, and the fees for extracting the commercial license. The value of this fee is 3,000 dirhams.
Establishing foreign companies in the Emirates
- The UAE has organized a special law for residence and investment in Dubai, in order to facilitate foreign investors’ business in Dubai.
- Among these laws is the one for foreign investment in Dubai (the federal law authorized to operate in 7 emirates, and superseding local laws).
- It is noteworthy that each free zone, whether in Dubai or other emirates, has its own laws and legislation.
Activities that foreigners are allowed to practice in the UAE must include investment business activities in Dubai or in the UAE, including:
- Investment activities in business management.
- Acquiring shares in companies.
- Possibility of owning property.
There are also a number of activities that foreigners are not allowed to do or practice, including:
- Mining, oil and gas activities.
- Activities related to the media and the media in general.
- Airline activities.
The Jebel Ali area in Dubai is one of the largest economic areas in the Middle East, as it contains one of the largest global ports, the Jebel Ali Port, which plays a vital role in serving global markets and plays a pivotal role in the economy of the United Arab Emirates.
Jebel Ali is located approximately 30 square kilometres from downtown Dubai. Thanks to its strategic location in Dubai and at the crossroads of global trade routes, Jebel Ali provides access to markets of more than 2 billion people.
Jebel Ali Port is the largest seaport in the Middle East and is 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 Commercial 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.
Incentives to encourage investors and businessmen to take the initiative to establish a plan to establish companies within the free zones in Dubai
- Enjoy 100% foreign ownership
- Benefit from the possibility of importing and recovering capital and profits in full from and to the company owner’s home country.
- Tax exemption for both companies and individuals.
- You can avail the business community/network through which you can avail the services of those free zone authorities in terms of support services, sponsorship, etc.
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 tax, no personal income tax and no minimum capital requirements.