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HELEN & SONS CONSULTANCY FZC

JAFZA (Jebel Ali Free Zone Authority)

Assistance in Free Zone areas like JAFZA for company setup

Located in the Jebel Ali area at the far western end of Dubai, JAFZA is a free economic zone in the United Arab Emirates, near Abu Dhabi. This free zone area was created under a Ruler’s Decree in 1985 with warehouses and standard size office units. This free zone provides ready-built facilities to customers. If you are planning on setting up a free zone business or a free zone establishment, it is advised to hire a business setup advisor. Business Setup in JAFZA can be made easier by hiring the Best Consultancy Company since it will provide you details such as free zone visa, free zone license,and free zone visa cost. JAFZA expanded its facilities to include light industrial units in 1990. Moreover, JAFZA is the world’s largest free zone. If you have doubts regarding how to set up a business bank account or how to open a company bank account, a business setup advisor can help you.

  • 100% foreign ownership.
  • No restrictions on currency or minimum capital investment.
  • 0% personal income tax.
  • Flexibility for companies to transfer any required capital.
  • Presence of on-site residential complexes, ready-made factories, convention centers, warehouses, and pre-fitted offices.
  • No currency restrictions 0% customs duties on import and/or re-export.
  • Access to abundant energy makes this place cost-effective for clients to conduct production operations.
  • No restriction on hiring foreign employees.
  • 0% corporate tax for 50 years, a renewable concession.
  • Support services, Excellent infrastructure, and communications.

Procedure for Setting Up a Business in JAFZA

1.Fill in the application form

2.The authorities will issue an initial approval for the business after the application is approved,

3.Choosing a ready-fitted office space from the JAFZA selection

4.The lease documents are prepared after the office is finalized,

5.The legal documents for business registration should be prepared after the office selection process is over,

6.Submit the same to the free zone authority

7.The license is usually issued within 2-4 weeks

8.Start the process of opening a bank account

Documents needed for Setting Up a Business in JAFZA

1.Passports copy of each individual

2.Application form

3.Bank reference for each individual

4.A one-time non-refundable application fee of AED 500

5.Copy of the business plan

6.Application for registration a free zone company

7.Parent Company’s profile

8.Application for registration a free zone establishment

Types of Licenses Provided in JAFZA

1.General Trading License

2.Trading License – trading activities

3.Industrial License – manufacturing activities

4.Service License – services activities

5.E-commerce License – buying and selling of goods and services over electronic networks via any electronic mean

6.National Industrial License To carry out manufacturing activities where at least 51% of the ownership is of national(s) of an AGCC country.

7.Innovation License – development of new products and services

8.Offshore Registration – to register an offshore company in UAE

Legal Structure of JAFZA Companies

1.Free Zone Establishment (FZE) and Free Zone Company (FZCO):

  • Applicants can avail of Jafza’s unique offer of forming a company as a separate legal entity
  • An FZE can be with a single shareholder with a minimum capital of AED 1 million
  • An FZCO can be formed with 2 to 5 shareholders

2.Branch Company:

3.Special Status Non-Resident Offshore Companies

Plots of Land

Plots of land with ready infrastructure to develop your new facility. JAFZA provides plots of various sizes for short- and long-term lease, ideal for companies wishing to construct their facility. Each land site varies from 5,000 sqm to larger sizes according to the specific requirements of individual customers. HELEN AND SONS’ expert professional team do A to Z work in the incorporation of JAFZA Companies and obtaining Trade License and other Legal Documents

Company Liquidation in JAFZA

The following documents should be provided:

1.Owner’s Declaration or Board Resolution regarding the De-registration with Liquidator details

2.Original Certificate of Formation & Original Share Certificate (in case the share capital deposited) should be returned.

3.All outstanding dues should be cleared and obtain the clearance from JAFZA Finance Department.

4.If the company is a Branch company the Board Resolution should be notarized and attested

5.Liquidation Report

6.For facilities like Warehouse & Plot, the Client should provide clearance, final bill, and receipt of payment from DEWA NOC from Etisalat, Customs Department and Road and Transport Authority (if applicable) should also be provided.

Please note that all the active visas under the company should be canceled.

OUR ROLE

HELEN AND SONS facilitate small, medium-sized, and multinationals invest in JAFZA. We are the Best Auditor in Dubai and an unparalleled business destination in the Middle East. You can make the Business Setup in a free Zone hassle-free by choosing our services. Our value-added services help our clients avail themselves of the world-class logistic infrastructure as well as the state-of-the-art amenities of the free zone. Being one of the best company incorporation consultants in Dubai, create the right atmosphere for their business to thrive in this tax haven. Apart from that, we help our clients with the company formation in Jebel Ali free zone. This free zone symbolizes transparency in operations, innovation, entrepreneurial dynamism, and customer-centric procedures.

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