Jebel Ali Freezone or JAFZA as it is called is one of the fastest growing and one of the most popular of free zones in the UAE if not the MENA region. The free zone gives businesses direct access to a huge, affluent market of over two billion people. Not to mention the fact that the free zone makes trade and commerce a lot easier and affordable. It allows for free zone companies to be more competitive against international competitors.
Originally established in 1985, the free zone started with as few as twenty companies. Now over 7000 businesses have registered with JAFZA making it one of the largest and fastest growing in the Middle East. Jebel Ali Free Zone extends across a whopping 48 square kilometers and plays host to some of the most successful businesses in the region. As a matter of fact, 120 of the top Fortune 500 companies are based in JAFZA. When you start a freezone company in JAFZA, you benefit from excellent infrastructure, value driven services, a tax-free business environment and 100% ownership along with 100% repatriation of your startup capital along with exemptions of commercial charges.
Jebel Ali Free Zone offers a few different types of licenses depending on the business activity chosen. You can choose from the following types of free zone licenses:
Share Capital: After our service has submitted all the required paperwork in an effort to start a freezone company on your behalf, we receive the initial approval. At which point the company has to provide proof of capital from a UAE-based bank which showing proof of the minimum share capital. The capital should remain in the account until the trade license is issued. Once the license isgranted the capital can be withdrawn.
Office Leasing: A company registered in JAFZA needs to have an office space within the Jebel Ali Free Zone Authority. Also, the number of visas registered to the company is proportional to the amount of space leased. So, for every 27 sq.meters of office space, the company can issue three visas. That said the minimum office requirement within the Jebel Ali Free Zone Authority is 75 sq. meters which cost AED 1900 per sq. meters.
Fast Free Zone assists businesses with the task of registering a free zone company in Jebel Ali Free Zone. Regardless, of business type, size or structure we handle all the paperwork and legal requirements for registering your business. If anything, our job is to take the hassle and unpredictability out of setting up a business in an efficient and cost-effective manner.