There are many free zones in Dubai and throughout the United Arab Emirates; which are quite beneficial for people who want to be entrepreneurs. For instance, the Jebel Ali Free Zone or better known as JAFZA. This is considered the oldest free zone belonging to the UAE. This and many more reasons are why they consider it very beneficial to carry out the JAFZA Company formation.
In this article, we will give you all the information you need about doing JAFZA Company formation. One of the things that are going to be shown is the positional advantages that this free zone has. Subsequently, you will see all the benefits that exist for people who wish to start their new company in the UAE. In particular, it is desired to make clear everything an entrepreneur should know about this free zone.
1. Do you know what the territorial advantages of JAFZA are?
All entrepreneurs when they create their company, always dream of exporting their products. Therefore, you should always look for a well-located area territorially to be able to do this. Next, you will see all the different means you have to export and why it is good JAFZA free zone company formation.
1.1 Seaway
JAFZA has a Port that has one of the best ocean connections with the world.
1.2 Airway
You can have access to Al Maktoum International Airport; which is well known for being one of the largest cargo airports in the world.
1.3 Land route
If you wonder how to start a business in JAFZA; one of the reasons why it is good to do it is because you can export merchandise through all the long highways that exist.
2. What are the commercial activities that entrepreneurs can carry out in JAFZA?
Before starting the process, open a business in a free zone, for instance, JAFZA business registration; you must know the license for which you can apply. For this, you must be clear about the commercial activities approved for DED that a company can carry out in JAFZA.
The licenses you can opt for are the following:
- Industrial.
- Service.
- Trade.
- Logistics.
- General trade.
It is important to note that companies are service activities, they can only register a branch. On the other hand, the industrial, service, and commercial licenses have two types; which differ by the number of activities under the license. If you have type 1, you can only have up to 7 products from the same group. But, if you have type two this number increases to 12.
In case you want to add activity to any license, you must pay the JAFZA trade license cost; which is 500AED.
3. Step-by-step guide to be able to carry out the business setup in JAFZA
To complete the JAFZA Company training, you should know that it is a process that you can start remotely. However, a visit to the free zone is essential once the company documents are in place. Next, you will see all the documents you need to register the companies in JAFZA.
- Application form filled in with all the requested data.
- A summary of the project you plan to carry out (not to exceed one page).
- Photocopy of the applicant’s passport.
- Different name options for the company.
- The activities that they will carry out in the business.
In addition, to be able to complete the JAFZA Company training you have a period of between 2 and 4 weeks. This time will depend on the type of installation chosen and the commercial activity to be carried out.
It is important that you know that you must pay some fees to complete the JAFZA business registration process. These rates are as follows.
- For registration, the cost is 10,000 AED.
- For the type 1 license, you must pay 5,500AED.
- Finally, for the type 2 license, the cost is 9,000AED.
4. Know the conditions of residence visas in this free zone
Because JAFZA is a free zone, it offers the opportunity for all people who want to carry out the JAFZA Company training; to be eligible for a residence visa. To every businessman who wants to start his company in this free zone; You are granted a resident visa for every 10m2 of office space you own.
These visas are valid for 3 years with the possibility of renewal. In addition, you need health insurance to be able to establish a company in this free zone. There is a cheap package, its cost varies between 600-800AED. Moreover, it is important that you know that health insurance must be renewed every year.
5. Contact ConnectFZ for success in company setup in JAFZA free zone
Currently, the UAE is characterized by the fact that it has become easy to do business, especially in free zones such as JAFZA. This happens in large part because there are many companies dedicated to supporting these entrepreneurs. For example, Connect FZ. We have helped thousands of people to open their businesses in different free zones. So, if you want to start your business in JAFZA free zone you can call us at +971 43 316 688. Also, if you prefer to send us an email you can write to contact@connectfz.com.
Sanjyam DhingraShe is an esteemed Compliance Officer with extensive experience in ensuring corporate adherence to regulatory standards. Her expertise spans a wide range of compliance functions, including regulatory analysis, risk management, and the implementation of compliance programs. She excels in identifying potential compliance issues and developing strategic solutions to mitigate risks.
