The Jebel Ali Free Zone Authority (JAFZA) was founded in 1985 and is one of the largest and oldest free zones in the Middle East. It is located between Jebel Ali International Airport, the world’s 7th largest port, and Al Maktoum International Airport, the world’s largest cargo airbase.
JAFZA is a vibrant symbol that contributes to Dubai’s growth by providing limitless chances for trade, industry, and many other services.
It is one of Dubai’s primary business accelerators, promoting economic growth throughout the UAE. It has long been an enticing free zone for all types of economic activity and sectors from around the globe.
TYPES OF BUSINESS LICENSES IN JAFZA
A business license is required to operate a business in the UAE. The following licenses are generally granted by JAFZA:
Trading license
It is provided for the agricultural, airline, food, electronic parts, jewels, oil and petroleum, furniture, sporting goods, and other trading businesses.
Industrial license
It is provided for manufacturing and services such as importing raw materials, processing them, assembling them, manufacturing them, and shipping the finished goods to other nations.
Innovation License
Businesses that develop innovative products or services can apply for an innovation license.
Service license
It is given for services such as legal advice, accounting, and business consulting, among others.
E-business license
E-commerce licenses are available for businesses that engage in the electronic purchase and license of goods and services.
National Industrial License
This license is granted if at least 51 percent of the manufacturing activity is owned by citizens of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (GCC countries).
License for Offshore Registration
An Offshore registration license can be obtained by offshore firms that are founded under a limited liability structure.
BUSINESS FACILITIES PROVIDED BY JAFZA
Operating Locations
Warehouses, factories, light industrial sites, offices, employees, retail facilities, commercial areas, showrooms, visitor hotels, long-term land lease, and conference centers are among the services it offers.
Trading Locations
It provides a location similar to a retail shop for properly keeping items and bringing all dealers together under one roof.
Selling Locations
A free zone gate permit allows traders and brokers to enter the Jebel Ali free zone to pick or distribute shiploads utilizing Dubai commerce.
BENEFITS OF SETTING UP BUSINESS IN JAFZA
40% of the companies in the Free Zone now come from the United States, Europe, and the Far East. All of these foreign companies have come to Dubai because of the wide range of facilities available in the Free Zone, including pre-built modern warehouses, office spaces of various sizes to accommodate a wide range of businesses, and large plots of land reserved for companies wishing to establish their headquarters or manufacturing operations in Dubai.
Apart from being tax-free, there are a number of other advantages to establishing a business in the Jebel Ali Free Zone.
- Owners of businesses can get entire ownership of their businesses.
- Starting a business is a simple and straightforward procedure (business operations can be started within 10 days)
- Multiple visas are acceptable even if a physical office is not present.
- Profits and capital are fully funded.
- There is no minimum capital requirement.
- There are no personal or corporate taxes.
- There are no currency restrictions.
- It’s simple to sponsor the dependents.
- For trade, a large selling point is accessible.
- There will be no customs duty interference.
- Modern and simple transportation infrastructure connects people and places all over the world.
It’s worth noting that the Jebel Ali Free Zone generates a significant portion of Dubai’s total GDP, which is a sign of the region’s development. As a result, if you’re looking for a place to start a business in Dubai, the Jebel Ali Free Zone may be the best option.
CONCLUSION
JAFZA is one of the fastest expanding free zones in the world, with a diverse range of business opportunities. It is critical to create a hassle-free environment to motivate businesses in this day. Setting up a business in a new location necessitates local knowledge as well as available options for the business owner. The JAFZA free zone meets all of an entrepreneur’s and company’s needs. JAFZA is one of the greatest free zones to do business in because of its rapid combination of good infrastructure and proximity to local airports and ports.
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