JAFZA Company Formation
JAFZA is one of the most service driven and customer oriented free zones that offers a vibrant, dynamic working environment. JAFZA, which is home to thousands of companies from across the globe attracts more than 32% of the UAE’s foreign direct investment and it is undoubtedly the perfect location to establish your business.
HLB HAMT’s industry professionals have plenty of expertise helping customers with Jebel Ali Free Zone Authority business formations. The development, approval, verification, and filing of articles of organisation, as well as all other needed company documents, are included in our business setup services.
Business Setup in Jebel Ali Free Zone (JAFZA) Advantages
- Complete foreign ownership
- No corporate tax for 50 years
- No constraint on capital repatriation
- No import or re-export duties
- 0% personal income tax
- No currency restrictions
- No restriction on foreign talent or employees
- Ability to mortgage your premises
Different Types of company formation in JAFZA
Customers can establish businesses according to their requirements in JAFZA as it offers various categories of company formation.
- FZCO company
2 to 50 shareholders with a minimum capital fee of AED 500,000 can form a free zone company. The shareholders can be individuals or company or both.
- FZE company
A single managing shareholder, which can be a person or a company, with a minimum capital of AED 1 million can begin a Free Zone Establishment. The liability of the firm is limited to the paid-up capital.
- Branch Company
If you have a valid registration development and license outside JAFZA, then you can apply for a branch company.
In a recent amendment, JAFZA brought together FZE, FZCO and branches under one regulation, by introducing Public Listed Companies (PLC). It enables enterprises to convert from an FZE or FZCO to a PLC and vice-versa, leading to continuity of businesses in the free zone.
Obtaining a business license is the paramount criterion while establishing your firm. There are seven categories of business license in JAFZA.
Types of Business License in JAFZA
- Trading License
- Industrial License
- Service License
- E-Commerce License
- National Industrial License
- Innovation License
- Offshore registration
A step-by-step guide on company formation in JAFZA
As an initial step to setting up your company, entities need to submit all mandatory documents such as JAFZA application form, environment health and safety application form, passport, ID proof, project summary and no objection certificate (NOC) from a local sponsor in UAE. Following the verification of documents by government authorities, a clearance letter will be offered that enables you to go ahead with the company incorporation process. The next phase is the remittance of fees depending on the type of the company formation and once all the legal formalities are completed, your company gets registered with JAFZA.
Our consultants at HLB HAMT can help you with the entire process, from necessary documentation and visa procedures to obtaining license and sorting out legal hurdles.
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