Your Guide to Company Formation in Jebel Ali Free Zone

The Jebel Ali Free Zone (JAFZA) is among the Middle East’s biggest and oldest corporate networks. Company formation in Jebel Ali Free Zone, or JAFZA, is hassle-free as it’s located in the city-south-western state’s corner. In addition, it was founded in 1985 with workspace units and expanded its business in 1990 with modest industrial facilities. Furthermore, in 1996, JAFZA became the first Free Zone in the UAE to receive ISO certification.

If you’re a business owner with reservations about launching a firm in JAFZA, the remarkable growth narrative makes it important to pay attention to. Moreover, JAFZA has seen a 300-fold increase in numbers in the previous few years since its foundation. In addition, it has grown from 19 firms in 1985 to over 8000 enterprises from over 100 nations, employing over 135,000 people, and attracting more than 22% of the UAE’s FDI.

With such a long history and world-class facilities, Jebel Ali Free Free Zone is among the most favored free zone destinations in Dubai. The AED 2.5 billion Jebel Ali Free Zone conference center complex is the ideal location for JAFZA firms to strengthen ties in an environment that’s both sophisticated and efficient. Furthermore, JAFZA also boasts business towers, elegant business accommodations, and a conference center designed exclusively for the business community. 

Steps of Company Formation in Jebel Ali Free Zone 

1. Finalize Your Legal Entity

To start a business in JAFZA, you’ll need to figure out what kind of legal entity you’ll need. Furthermore, the following are several types of business formation:

A Corporation with Many Shareholders 

The number of stockholders in this corporation can range from 2 to 50, and they can be individuals or businesses.

A Firm with only One Shareholder 

A single person or commercial organization has the option of registering as a free zone company. The corporation has a separate identity from its shareholders and enjoys the same rights and privileges as a natural person.

Existing Commercial Entity 

Any enterprise with a subsidiary outside of Jebel Ali Free Zone can apply for a branch within the Free Zone. The primary company owns a branch. In addition, the same is regarded as a legal entity of the parent firm.

2. Book a Business Name

You can choose a business name while determining the type of legal framework your company should be. In addition, it’s crucial to double-check the permissible trade names with the relevant free zone administration, as well as whether the desired name has already been authorized. In addition, the following are the requirements for approval of your trade name:

• It’s forbidden to harm the country’s public morality or political administration 
• The venture’s legal form must be fulfilled
• It’s suitable for the appropriate type of activity and legal status and has never been registered before 

3. Apply for a JAFZA License

An entrepreneur must apply for a Jebel Ali Free Zone trade license based on the activity conducted by the organization: 

• This license permits the investor to import, produce, distribute, and keep the goods listed in the license.
• This certificate entitles the investor to perform the services specified in the license within the free zone.
• The proprietor of an industrial license has the permits to import raw resources, make defined products, and export the resulting products. 

4. Secure Office Space

If you want to start your ideal business in Dubai, you’ll need office space. Moreover, it’s your legal address, and all governmental letters and regulatory certifications must be addressed to it. Therefore, it’s preferable to rent office space rather than invest in real estate for business setup in JAFZA.

Furthermore, you won’t need to spend a lot of money on the start-up of your firm this way. Moreover, Shuraa’s business professionals can assist you in locating economical office space in Dubai. In addition, the best aspect is that you can set up a virtual office and establish your business from anywhere. In addition, all you have to do is sign a contract with us for long-term sustainability. 

5. Acquire the Necessary Approvals

You should secure the necessary permissions and provide relevant paperwork to start a firm. The paperwork varies according to the sort of commercial activity, the type of firm, and the free zone authority’s criteria. In addition, the stages and approvals required for business setup are listed below as a general guideline.

An initial approval document is necessary to advance with the business license requirements that allow expatriate nationals to conduct their intended commercial activities in Dubai. Furthermore, the initial permission allows the investor to move forward with judicial procedures for acquiring a business license. In addition, applying for required permits from relevant authorities to conduct commercial activities. 

Benefits of Company Formation in Jebel Ali Free Zone 

Here are a few of the many benefits of company formation in Jebel Ali Free Zone:

• Easy to start a business in Jebel Ali Free Zone: the procedure of starting a business in Jebel Ali Free Zone is simple, uncomplicated, and quick. Moreover, the only stipulation is that the owner intends to create a business. After deciding on the type of business to start, the relevant paperwork can be completed in as little as 10 days.

• Several visas: JAFZA allows entrepreneurs to apply for many visas without devoting to a physical office location. Therefore, it’s among the major perks of this zone.

• Complete capital and earnings repatriation: there’s no minimum share capital requirement for forming a business in this free zone. Moreover, the shareholder’s liability is limited to the amount of money invested in the business. 

What Documents do you Need to Launch a Company in JAFZA? 

You must submit all the mandatory documents to facilitate hassle-free company formation in the Jebel Ali Free Zone. Moreover, some of the documents you need to submit include:

• List of trade names (3 to 4) 
• List of business activities 
• Passport copy of the shareholders 
• Entry stamp or visa page
• Passport size photograph as per the protocols (size, background color, etc.) 
• Initial approval receipt and documents submitted previously 
• Copy of the lease agreement signed by the RERA 
• Duly notarized Memorandum of Association (MoA) for all types of ventures 
• Approvals from other concerned government administrations
• Formal agreement letter with the local service agent (LSA) 

Launch Your Company in JAFZA! 

Local understanding of business establishment rules and regulations is required for company formation in JAFZA. You can save a lot of time and money by employing a company formation advisor like Shuraa Business Setup. We are experienced in this domain and take pride in offering cost-effective incorporation services. The process of forming a company can take up to six weeks if all of the necessary documents are submitted.

Book a free consultation with us or call us at +971 44081900. You can also reach out to our company formation experts on WhatsApp by dropping a message at +971 50 777 5554. For email assistance, please mail your query to info@shuraa.com.