Everything You Need To Know About Setting Up Company In JAFZA Freezone
JAFZA is the first Free trade Zone of the UAE, established in the year 1985. It is a landmark location in Dubai. Jebel Ali is the world’s ninth busiest port and also holds the honour of being the largest man-made harbor and the biggest port in the Middle-East. JAFZA is located alongside the region’s largest deep sea port in Jebel Ali. It is adjacent to the Dubai Expo 2021 site. It is located at 40km from Dubai international Airport and 24km from Al Maktoum International Airport.
With it’s range of offices, warehouses, industrial facilities, and other resources, it is the largest freezone in the world.
It allows 100% ownership of the business to the expat and there is no requirement of a local partner. It is a Dubai Based Free Zone.
Below are the legal types allowed by JAFZA
Free Zone Establishment (FZE)
This is allows an individual to be 100% shareholder of a Company. This company can be a limited liability company in nature. As the name suggests, an FZE implies that there is a single shareholder.
Free Zone Company (FZCo)
This allows multiple shareholders (upto 50 shareholders) in the license. Shareholder can be an individual or a company. It will be a Limited liability company in nature.
Public Listed Company (PLC)
It can have two or more shareholders. It will be a Limited liability company. A PLC may invite the public to subscribe to its shares and must list its shares on a stock exchange in accordance with the Markets Laws.
Branch of a Company
A branch is considered a legal entity of its parent company. It is 100% owned by the parent company, operates under the same name and conducts the same business.
JAFZA provides the below mentioned facility options
Plots of land
This is good for people who want to construct their own building or facility. Each land size varies from Minimum 5,000 sq m to larger, depending upon the requirement of the client.
Warehouses
JAFZA has a pre built warehouse facility which is capable enough to meet the high quality storage and light manufacturing. Units have built-in office spaces which vary in size from 313sqm to 670sqm. Warehouses drive-in vehicle height varies from 6m to 12m.
Showrooms
They have showrooms available with dedicated warehouse, Office Space with two floors and prime Showroom at the front with Glass. All offices have provisions for air conditioning and are equipped with light fixtures, power points and telephone access. Various size options such as showrooms of 264sqm, office space from 158sqm to 277sqm, and warehouses of 348sqm are available. Showrooms drive-in entrance height varies from 6m to 9m.
Customized development solutions
These developments include extensive services from network planning, site selection and project design to development, collaborating with your business for infrastructure/superstructure specifics.
Offices
Office space in JAFZA has been designed to be as advance smart office space that can be customized to suit your needs. With each office available unfurnished, ensuring that your style and taste is easily implemented. Leasing space is flexible and you can also rent a floor or an entire building and benefit from a number of value-added features. Size of offices varies from 25sqm to 5000sqm.
Business Park
The JAFZA Business Park provides ready-to-use, fully furnished offices with no setup cost, making it perfect for short term or long term use. Business Park facilities can be upgraded to a fully-fledged office when needed.
Retail outlets
JAFZA offers a choice of retail outlets spread throughout the Free Zone, enabling you to sell your products in JAFZA with ease and convenience. There are also many food outlets available for rent offering areas ranging between 20sqm to 120sqm in a variety of locations.
On-site residence
You can accommodate your employees on-site. JAFZA has the option of company employee accommodation within the Free Zone, with around 10,000 rooms. They ensure your employees are provided with an ideal environment to live, which includes several amenities such as basketball courts and food courts.
This blog is written by Ms. Smita Thomas, Business Advisor at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any query related to setting up a business in JAFZA or any freezone across the UAE or need any kind of business related consultation then feel free to call +971 4 4542366 today for a quality consultation or please send inquiry to info[at]flyingcolour[dot]com.
