Jebel Ali Free Zone (JAFZA)
Prices starting from AED 42,000 | Average business setup timeframe up to 4 weeks
About Ajman Free Zone Authority (AFZA)
The Jebel Ali Free Zone Authority (JAFZA) was founded in 1985 and has since been home to many of the UAE’s best-known enterprises and corporations. The Jebel Ali free zone provides for more than 20% of foreign investment and more than 50% of total exports from Dubai, showing its significance as a vibrant commercial hub. The Jebel Ali safe state is worth approximately $69 billion in trade alone. Jebel Ali Free Trade Zone is located near Jebel Ali Port, the world’s largest seaport with connections to any and all ports. It can accommodate more than 15 million containers each year via 170 different shipping routes.
For its strategic location, the Jebel Ali free zone provides access to thousands of international markets, and Dubai International Airport and Al Maktoum Cargo Airport both are nearby. The Jebel Ali Free Zone unites these two airports with such one customs agency, ensuring a smooth air freight transaction. If you’re looking to start a new business in Dubai, the Jebel Ali free zone might be the place to just go. You receive the finest answer for expanding your business in one of the most appealing free zones in the Middle East when you deal with My Business Development DMCC.
Benefits of Setting Up a Business in JAFZA
There are no currency limitations or minimum capital investment requirements. 100% foreign ownership: JAFZA allows its clients to operate as a completely joint venture without the need for a local partner. Furthermore, the liability of a shareholder is limited to the amount of its paid-up share capital. There is no tax liability. For a period of 50 years, there will be no company tax, a renewable concession. There have been no currency limitations, and companies may move any required capital with ease.
A firm that has constructed its own facility in JAFZA has the option of mortgaging its own facilities on leased land to any bank or financing company to pay off any debts or commitments. Clients may conduct manufacturing operations at a low cost because of abundant energy. Manufacturing plant buildings, factories, convention centers, on-site residential complexes, and pre-fitted offices all are present. Equipment, services and support, and communication all are outstanding.
Business activities in Jebel Ali Free Zone
That is one of the country’s most well-known free zones. It is headquarters to more than 7,000 multinational companies. A few of these businesses are listed mostly on Fortune Global 500. JAFZA is a significant destination for foreign direct investment (FDI) in the UAE. JAFZA continues seeing a surge in a business establishment, as well as the city, responds by offering warehouses, showrooms, offices, but on accommodation to satisfy the needs of entrepreneurs. JAFZA’s top-of-the-line service and facilities are just a few of the reasons why company formation in JAFZA maintains to become one of the most preferred inside the UAE.
- Agriculture, flowers, and plants are all things that come to mind while thinking of agriculture.
- Trading of planes and trains
- Trading of amusement equipment and supplies
- Trading of bags, packaging materials, and paper
- Buying and selling construction materials
- Trading in chemicals
- Electronics and electrical engineering are two separate groups.
- Machines and equipment
- Trading in petroleum goods and fuels
- Trading in jewelry
- Metals and their products are traded.