Business Setup In Jebel Ali Free Zone (Jafza)
- Jebel Ali free zone popularly known as JAFZA is an economic zone located in Dubai on Sheikh Zayed Road on way to Abu Dhabi.
- It is located on west part of Dubai. Jebel Ali Free Zone is located on very busy Jebel Ali port very close to al Maktoum international airport and EXPO 2021 site. It is located on sprawling 1.58 million sq.mt.area. It is huge in size.
- In 1985, JAFZA started its operations with office and ready built warehouse units.
- It is the first Free zone in the world which had won ISO certification in 1996.
- Jebel Ali Free zone (JAFZA) is the flagship Free zone of DP world. Currently it enjoys very high brand value and considered to be most prestigious free zone.
- As on 2020, JAFZA attracts 23.9% of foreign direct investment of Dubai which is 93 Billion USD annually.
- It has played an important role in creating approximately 135,000 jobs currently on year 2020.
- It has approximately 7500 companies currently operating with approximately 100 companies out of fortune500 companies having headquarters for Middle East located in JAFZA.
- Logistic wise it enjoys the access to 3.5 billion people across the world which cements Dubai as an international business hub.
- There is 0% income tax for businesses located in JAFZA for 50 years with renewable concession.
- There is 0% import and re-export tax in JAFZA.
- Jebel Ali Free Zone business setup comes with 100% foreign ownership.
- There are no currency restrictions.
- No restrictions on capital repatriation.
- JAFZA company formation offers key industry sectors are logistics, Automotive and its spare parts, food and agricultural commodities, Retail and E commerce and Petrochemicals.
- Jabel Ali Free Zone business setup offers offices, warehouses, plots of land and customized developments. It also offers fully furnished offices as well.
- Company registration in JAFZA mainly allows three types of business activities. Trading, services and industrial licenses are allowed under Jabel Ali Free Zone business setup. Investor has to submit project summary for JAFZA company formation
- Business setup in Jabel Ali Free Zone allows multiple activities in one license.
- FZE and FZCO types of companies under Jabel Ali Free Zone business setup limited liability in legal type.