Jebel Ali Free Zone is the most popular, oldest, and quickest developing free zone located on the western side of Dubai. This is widely recognized as one of the most service-driven and customer-oriented free zones in Dubai, UAE. This is home to over 7,000 companies; Jebel Ali is in the procedure of becoming a major trading center in the world. This is offering a prime strategic location and excellent logistics infrastructure and business environment for the formation of free zone companies. If you are wanting to setting up a company in Jebel Ali, and want to know the entire process, then we at Start Any Business UAE will guide you completely and help you during the process.
A company can be formed by a single shareholder in Jebel Ali. A shareholder can be a corporate entity or an individual. You can form a limited liability company in Jebel Ali free zone, which essentially means that the company’s liabilities are limited to the asset of the company, the personal assets of the stakeholder are secured.
Process Of Jebel Ali Company Setup
With the process of registration, you will be able to know where and how your set of documents will be used. The necessary steps are:
- First, you will require to fill the application form for setting up a company in Jebel Ali.
- You will need to submit the passport to the JAFZA Dubai.
- You will require to select the company type that you wish to carry. Make sure that the name you select it suitable for the market.
- You will require to choose the activity of your business. This is important for your company setup process. There are several potential activities to select from.
- The next thing is to apply for a trade license for setting up a company in the Jebel Ali Free zone. Obtaining a trade license is a very crucial part for operate any kind of business. You can apply directly to the relevant authority; this kind of license takes time as per the nature of your business and the needs of your license.
- To establish a company in Jebel Ali free zone, you will need to open a corporate bank account. This is mandatory to handle your company transactions.
- The final step you require to take is to apply for your visa as well as the procedure of applying for your own visa, you can also apply for your staff, which is crucial, and straightforward.
Document Require For Jebel Ali Company Setup
The necessary documents that required for setting up a company in the Jebel Ali Free zone are mentioned below:
- An application form
- Letter of intent for incorporating a Jebel Ali Free zone company
- Existing company brochure
- Annual financial report or shareholders, six months bank statement for the shareholder not applicable for new registration
- A copy of the passport and resume of the manager
- A copy of the passport and resume of the director
- Bank reference letter for individual stakeholder
- Existing sponsor’s No Objection Certificate for manager
- Business plan
- A Registered agent
- Initial approval from the third authority for some business activities
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Benefits of Jebel Ali Company Setup
Setting up a company in the Jebel Ali Free zone has many benefits for business owners. Jebel Ali Free zone company setup is made smooth by asking for a fewer number of documents and a simple procedure by the authorities. The geographical position of the Jebel Ali ensures that however Dubai International Airport and Al Maktoum Freight Airport are nearby, it has connections to the most markets globally. A single customs service linking these two airports is offered by the Jebel Ali Free zone, providing a trouble-free air cargo operation. Some other benefits include:
- 100% foreign ownership
- 0% VAT on transaction of goods between companies located in Jebel Ali Free zone and outside the UAE
- Capital repatriation isn’t restricted
- No limits on overseas workers
- 0% personal or corporate income tax
- No currency restrictions
- Simple and straightforward incorporation procedure
- Mortgage authorization from a bank or financing institution
- Prepared to settle warehouses and factories.
How We Can Help You
Start Any Business UAE is a reputed business setup consultancy with a key objective to help investors, industrialists, and manufacturers turn their dream company into reality by providing the main business setup services like incorporation, legal services, accounting, taxation, etc. We provide you delightful services.
If you are looking for setting up a company in Jebel Ali, then we at Start Any Business UAE here for you. We understand your requirements and customize our offerings accordingly. Our business experts assist you to deal with the procedure of company setup without any hassle.