What is JAFZA?
JAFZA is the abbreviation for Jebel Ali Free Zone Authority. It is a free trade zone located in the United Arab Emirates. JAFZA was established in 1985 and is one of the world’s largest and most modern free zones. JAFZA offers ample opportunities for businesses to set up their operations in Dubai.
Some of the advantages of having a business in JAFZA include:
-100% foreign ownership
-0% personal and corporate taxes
JAFZA also provides a wide range of services to its customers including customs clearance, warehousing, and logistics.
About Selva Group
The largest free zone region in the world, JAFZA, requires careful thought before a company can be established there. Many consumers find starting a business that requires obtaining numerous Selva Group to be a very difficult undertaking.
Such clients may count on the Dubai permits Team at our firm to help them obtain the necessary permits, including JAFZA clearance, quickly and without incident. Our organization will assist you in joining the JAFZA neighborhood, which is home to some of the most successful companies operating today.
Why Pick JAFZA?
JAFZA, which was founded in 1985, is the largest free zone in the world. More than 7000 businesses are situated in JAFZA because of the many measures that aid investors in the area.
JAFZA was specifically created to provide the ideal site for establishing offices, warehouses, retail locations, business parks, and staff housing. Investors are drawn to JAFZA because of its exciting prospects. The following are a few of JAFZA’s alluring policies:
- JAFZA does not impose any restrictions on foreign workers.
- There is no personal income tax in JAFZA.
- Any foreign currency from any nation may be used.
- There are no import or re-export taxes levied by JAFZA.
- Customs on-site are another area of expertise for JAFZA.
- In JAFZA, corporation taxes are exempt for 50 years.
- In JAFZA, total foreign ownership is permitted.
Benefits of Opening a Business in the JAFZA
- For employees from other foreign nations, there are no restrictions.
- 50 years with renewal rights of corporation tax-free status.
- Personal income was tax-free.
- A licence to utilise foreign money.
- No requirements for import or re-export.
- A requirement of on-site customs is granted.
- Able to possess 100% of foreign stock.
These advantages enable the business sector in Dubai and the United Arab Emirates to grow more, which has a continuing influence on the nation’s economic development. Free zones spread around the United Arab Emirates also greatly increase the desire of international labour and investors to participate in and support national development.
JAFZA is committed to building worldwide networks and is positioned as the ideal place to launch enterprises with a high rate of development alongside the powerful Dubai market.
The goal and fundamental components of each potential company type, the defined activities, and the unique demands of clients are taken into consideration while designing the JAFZA facilities. Additionally, this free zone offers a wider range of trading facilities as well as pre-built warehouses suitable for light manufacturing and storage operations.
What are the Benefits of Obtaining JAFZA Approval?
The Jebel Ali Free Zone Authority (JAFZA) is a special economic zone located in the em
irate of Dubai. JAFZA was established in 1985 and is one of the oldest and most successful free zones in the UAE. JAFZA is home to over 7,000 companies from around the world, including many Fortune 500 companies.
JAFZA offers several advantages to businesses, including:
– 100% foreign ownership
– 0% personal and corporate income tax
– 0% import and export duties
– Fully modern infrastructure
– Excellent logistics and transportation facilities
– A large pool of skilled labor
– A business-friendly regulatory environment
How to Obtain JAFZA Approval?
If you are planning to set up a business in the Jebel Ali Free Zone (JAFZA), you will need to obtain approval from JAFZA. This process is known as the JAFZA Approval and is required for all businesses operating within the free zone.
The first step in obtaining JAFZA Approval is to submit an online application form. Once your application has been submitted, a representative from JAFZA will contact you to schedule an appointment for an interview.
During the interview, you will be asked to provide documentation such as your business plan, passport, and visa. After your interview, you will need to pay the JAFZA Approval fee. Once your fee has been paid, you will be issued a certificate of approval.
This certificate must be displayed at your place of business. Now that you know everything about JAFZA Approval, it’s time to get started on your application.
Requirements for Obtaining JAFZA Approval
To obtain JAFZA approval, businesses must meet the following requirements:
- Businesses must have a valid business license from their home country.
- Businesses must have physical office space in the UAE.
- Businesses must have a minimum of two employees who are residents of the UAE.
- Businesses must have a trade license from JAFZA.
- Businesses must have registration with the Dubai Chamber of Commerce and Industry (DCCI).
What Types of Businesses Need a JAFZA License?
There are three types of business licenses available in JAFZA: the trading license, the industrial license, and the service license. The trading license is for businesses that import, export, or distribute goods. This type of business needs a JAFZA Jafza license because it allows them to operate in the free zone and takes advantage of the benefits that come with it, such as tax-free imports and exports.
The industrial license is for businesses that manufacture or assemble products. These businesses need a JAFZA license because they can get discounts on utilities, land, and construction costs. Additionally, they can benefit from the free zone’s proximity to Jebel Ali Port.
The service license is for businesses that provide services rather than goods. These businesses need a JAFZA license so that they can take advantage of the free zone’s benefits, such as no corporate taxes and 100% foreign ownership.
Prior to commencing the application process for JAFZA approval, businesses must first ensure they have the required documentation. The following is a list of documents that will be necessary for obtaining a license:
A detailed business plan outlining the company’s proposed activities in JAFZA must be submitted.
Audited financial statements for the most recent year must be submitted. If the company is a startup, then projections for the next three years must be provided.
Memorandum and Articles of Association:
The company’s Memorandum and Articles of Association, or equivalent governing documents, must be submitted.
Copies of the passports of all shareholders, directors, and senior management personnel must be submitted.
Copies of visas for all shareholders, directors, and senior management personnel must be submitted.
No Objection Certificate:
A No Objection Certificate (NOC) from the company’s current sponsor in the UAE (if applicable) must be obtained prior to applying for JAFZA approval.
Cost of Establishing a Business in Dubai JAFZA
Establishing a business in Dubai JAFZA requires initial costs such as the cost of a trade license, which is AED 15,000 for most business activity categories. Other associated costs include the cost of obtaining a visa for yourself and any other employees, as well as the cost of renting office space or commercial property.
These initial costs can range from AED 50,000 to AED 200,000, depending on the size and scope of your business. Luckily, there are several free zones in Dubai that offer 100% foreign ownership and exemptions from taxes and other duties, which can help offset some of these costs.
Process Timeline for Obtaining a License
The JAFZA approval process is relatively simple and straightforward. Here is a timeline of the steps involved in obtaining a license:
- Submit an online application.
- Once your application has been reviewed and approved, you will be contacted by a JAFZA representative to schedule an appointment for fingerprinting and photographs.
- After fingerprinting and photographs have been taken, you will need to submit the following documents:
-Copy of passport
-Copy of UAE residence visa or Emirates ID
-No Objection Certificate (NOC) from your sponsor (if applicable)
-Proof of business activity or trade license
-Detailed business plan outlining the nature of your business activities in JAFZA
- Once all required documents have been submitted, you will be contacted to schedule an interview with a JAFZA licensing official.
- Upon successful completion of the interview, you will be issued a provisional license which is valid for six months. After six months, you can apply for a regular license which is valid for three years.
Importance of JAFZA Approval
If you are looking to set up a business in the UAE, you will need to go through the process of JAFZA approval. JAFZA is the Jebel Ali Free Zone Authority, and it is responsible for regulating businesses in the free zone.
The first step in getting JAFZA approval is to apply. This can be done online or in person at the JAFZA office. You will need to provide some basic information about your company, such as its name and address, as well as your contact information.
Once your application has been received, a JAFZA representative will contact you to schedule an appointment for an on-site visit. During this visit, they will assess your business needs and make sure that you have all the required documents.
Once everything has been approved, you will be issued a Certificate of Registration. JAFZA approval is necessary for any business operating in the Jebel Ali Free Zone. The process is straightforward and relatively quick, so long as you have all the required documentation.
What services does Our Team offer?
A skilled team of experts known as the Selva Group Team manages Selva Group, including obtaining JAFZA permits. By helping clients that want to establish a business in the JAFZA region, we support JAFZA’s mission to “be the leading global provider of sustainable industrial and logistics infrastructure solutions.
” We specialize in engineering project approvals for warehouses and other pertinent JAFZA engineering projects. Because we offer a stress-free option, clients won’t even need to worry about the procedure. Let’s collaborate to provide a solid basis for your future success.