Business Setup in Jebel Ali Free Zone Authority (JAFZA)
The Jebel Ali Free Zone Authority (JAFZA) is the UAE’s oldest free zone, and the largest in the MENA region. Established in 1985, JAFZA is now home to more than 7,000 companies, of which over one-fifth is comprised of Global Fortune 500 enterprises. The free zone is located along the Jebel Ali Port, which is the largest and busiest port in the Middle East, and the ninth busiest port in the world. With its optimal location for trading companies, and long-established reputation for providing an efficient solution for business setup in UAE, JAFZA is popular option for free zone company formation.
Benefits of Free Zone Business Setup in JAFZA
Like many free zones, JAFZA offers 100% foreign ownership, 0% corporate tax, and no restrictions on hiring foreign employees or the repatriation of capital. Additionally, JAFZA offers 0% import and re-export duties for businesses that choose the free zone for company formation in Dubai. With Jebel Ali Port operating in JAFZA and the Al Maktoum International Airport only a short drive away, the free zone is particularly well-placed for logistics and trading companies that require free zone business setup in Dubai. The seaport, airport, and free zone are a single enclosed customs area, creating a corridor for moving goods and products from around the world.
JAFZA’s ‘One-Stop Shop’ Solution
Along with pioneering the free zone concept in the MENA region, JAFZA has led the way in offering integrated and digital solutions for businesses looking for free zone company formation in Dubai. The free zone was among the first to establish a ‘One-Stop Shop’, where businesses can manage their service requests through a single window or counter at a JAFZA service centre. Additionally, the free zone offers the JAFZA Mobile App for businesses that need to manage their services without having to leave the office.
New Developments in JAFZA
JAFZA continues to expand its infrastructure to better serve companies that choose the free zone for business setup in UAE. The free zone will continue developing the custom corridor between Jebel Ali Port and Al Maktoum International Airport with the aim of reducing transport time to 20 minutes from port to port.
There are also plans to expand Jebel Ali Port by adding a fourth terminal, which would increase capacity by 16%.
In addition to the usual trading, services, and industrial licenses available in other free zones for business setup in UAE, JAFZA offers several unique options for free zone company formation:
This license allows businesses to buy and sell goods or services via electronic means or over electronic networks. As e-commerce grows within the region, JAFZA’s facilities and e-commerce license option can prove valuable for investors and companies looking for free zone business setup.
National Industrial License
Under UAE law, certain industrial and manufacturing activities require 51% ownership by a GCC national. JAFZA’s national industrial license allows foreign investors and businesses to partner with GGC nationals to choose free zone company formation with convenient access to airports and seaports for easy transport and shipping.
To encourage the development of new products and services in order to grow the UAE’s knowledge-based economy, JAFZA has an innovation license for entrepreneurs and established businesses looking to launch their next big idea.
Offshore Company Formation
JAFZA is one of the few UAE-based free zones to offer offshore company formation. Though a JAFZA offshore company cannot conduct business activities in its own right, it can own property, hold intellectual property rights, and act as a holding company.