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Steps to establish a company in Jebel Ali Free Zone

٢٥ مارس Steps to establish a company in Jebel Ali Free Zone

Jebel Ali Free Zone was established as one of the most prominent free zones in Dubai, providing an ideal environment for establishing and operating companies efficiently and smoothly. This region has many features and benefits that make it an ideal destination for businessmen and investors looking for promising growth opportunities in the global business market. In this article, we will explore a range of important aspects of how to set up a company in Jebel Ali Free Zone, including the steps for setting up a company in Jebel Ali Free Zone, the legal requirements, and the competitive benefits of this vital investment move.

Steps to establish a company in Jebel Ali Free Zone

Jebel Ali is the first investment zone in the Emirates. There are a set of steps necessary to establish a company in the Jebel Ali Free Zone, which are as follows:

  • Determine the nature of the activity you desire, whether commercial, industrial, or professional, in order to facilitate all procedures and identify the related parties and legal forms.
  • Determine the legal form of the company to be established (solidarity, limited liability, public joint stock, private joint stock, civil works).
  • Registration of the trade name, which distinguishes one company from another and is related to the company’s activity.
  • Obtaining initial approval for the company’s economic activity in order to obtain the approval of the competent authorities.
  • Preparing the articles of incorporation in agreement with the competent authorities and choosing the workplace that conforms to the conditions and has all the necessary licenses.
  • Obtaining the approval of the authorities concerned with the facility’s activity, such as the Ministry of Justice, Economy, Interior, and Ministry of Civil Defense.
  • Obtaining a license for the activity for which the company is to be established after attaching the required documents and paying the commercial license fees.

Steps

Steps to establish a company in Jebel Ali Free Zone

Costs of establishing a company in Jebel Ali Free Zone

It is necessary to know the costs of establishing a company in Jebel Ali Free Zone, which include some expenses such as:

  • Commercial license costs.
  • Costs of the business location where the company will be established.
  • Costs related to furniture and decoration at the workplace.
  • Costs of permits and visas for sponsored employees.
  • Opening a company bank account.
  • Cost of business license.
  • The legal form of the company also determines the cost, as it varies from one activity to another.

Contact us now to find out all the details and our experts will help you start establishing a company in the Jebel Ali Free Zone.

Advantages of establishing a company in Jebel Ali Free Zone

Establishing a company in Jebel Ali Free Zone comes with many advantages and benefits that make it an attractive option for businessmen and investors. Here are some of these features:

  • Advanced Infrastructure: Jebel Ali Free Zone provides advanced infrastructure that includes modern shipping, warehousing and logistics facilities, facilitating international distribution and trade.
  • The region does not have easy and fast bureaucratic procedures for establishing companies, which helps speed up the process of starting a business.
  • Complete freedom of ownership: Companies established in Jebel Ali Free Zone can fully own their property without the need for a local partner, which facilitates business for foreign investors.
  • Skilled workers: The region provides easy access to skilled workers of various nationalities and specializations, which enhances work efficiency and productivity.
  • Flexible investment environment: Jebel Ali Free Zone provides a flexible investment environment that allows business diversification and easy expansion of the scope of work, which supports economic growth and expansion.
  • Tax incentives: The region offers attractive tax incentives such as not imposing taxes on profits and capital gains, which attracts investors and increases the profitability of companies.
  • Proximity to airports and ports: Jebel Ali Free Zone enjoys a strategic location close to important airports and ports, which facilitates transportation and export operations.
  • Government support: Businesses in the region enjoy effective government support, including logistical, financial and legal support, which increases investor confidence and contributes to business success.

In short, establishing a company in Jebel Ali Free Zone is a commendable investment step that combines a modern business environment, legislative flexibility and lucrative tax incentives, making it a preferred destination for companies seeking growth and expansion in the global business market.

Establishing

Establishing a company in Jebel Ali

Commercial activities that can be done in the Jebel Ali area

commercial activitiesthe description
Food and beverage manufacturingManufacturing and packaging food and beverage products for sale and distribution.
Industrial equipment and machinery industryManufacturing and supplying industrial equipment and machines to companies and institutions.
Manufacture of chemicals, pharmaceutical products and pharmaceutical preparationsManufacture and distribution of chemicals, pharmaceutical products, and pharmaceutical preparations.
Manufacture of plastic materials and plastic productsManufacture and distribution of plastic products for various uses.
Assembling and manufacturing electronic and electrical devicesAssembling and manufacturing electronic and electrical devices such as home appliances and consumer electronics.
Maintenance and repair services for industrial vehicles and machineryProviding maintenance and repair services for vehicles, industrial machinery and heavy equipment.
Manufacture of metal and metal productsManufacture of metal and metal products such as tools, equipment and industrial products.
Warehousing and logistics servicesProviding warehousing, distribution and logistics management services for companies and institutions.
Furniture and furnishings manufacturingManufacturing and supplying furniture and furnishings for home and commercial use.
Construction and architecture servicesProviding building, construction and engineering design services for industrial and commercial projects.

Please note that this list of activities is not exhaustive, and there may be many other activities that can be carried out in the Jebel Ali area with approval from the local authorities in accordance with current licenses and regulations. It is always advisable to check the current terms and requirements from the official source or relevant government agencies.

Tax benefits of establishing a company in Jebel Ali Free Zone

Jebel Ali Free Zone provides many tax benefits for companies established there, including:

  1. No income tax: For companies established in the Jebel Ali Free Zone, they are often exempt from paying income tax on profits made within the zone.
  2. No Value Added Tax (VAT): Under current legislation, Value Added Tax (VAT) is not charged on goods and services within the free zone.
  3. Not charging sales tax: Companies joining the free zone are often exempt from paying sales tax on products and services they export from the zone.
  4. Protection from tax changes: Companies can benefit from the stability of tax policies in the free zone, which provides them with confidence and stability in financial and investment planning.
  5. Exemptions on government fees and charges: Free zones often provide exemptions on fees and other government fees, which facilitates business and reduces operational costs.
  6. Potential for high financial returns: Thanks to tax exemptions, advanced infrastructure, and government support, companies can achieve high financial returns in the free zone.
  7. Facilities in customs and customs clearance: Free zones provide facilities in customs and customs clearance operations, which helps speed up the import and export processes of companies.

Itqan Company services for establishing a company in Jebel Ali Free Zone

Itqan Company offers a wide range of services for establishing companies in the Jebel Ali Free Zone, and these services include:

  • Company establishment: The company assists you in all the necessary steps to establish your company in Jebel Ali Free Zone, including preparing the necessary legal and financial documents.
  • License arrangement: Itqan helps you obtain the appropriate license for your business activity in the free zone, which facilitates efficient operations.
  • Business Consulting: The company provides comprehensive consultations on the best strategies for achieving success in Jebel Ali Duty Free and developing businesses effectively.
  • Logistics Services: Itqan provides integrated logistics services to help you manage supply and distribution operations efficiently and effectively.
  • Labor Recruitment: It helps the company employ skilled and qualified workers to carry out the company’s tasks efficiently and effectively.
  • Accounting and Tax Services: Itqan provides accounting and tax services to help you comply with financial and tax requirements in the free zone.
  • Legal support: The company provides comprehensive legal support services to ensure compliance with local laws and legislation in Jebel Ali Free Zone.

In short, Itqan Company provides all the services necessary to successfully establish and operate your company in Jebel Ali Free Zone, making it a reliable partner to achieve your business goals.

Frequently asked questions about establishing a company in Jebel Ali Free Zone

What are the basic steps to establish a company in Jebel Ali Free Zone?

The basic steps include submitting a registration application, preparing legal documents, and paying the required fees.

Can foreigners establish companies in Jebel Ali Free Zone?

Yes, foreigners can establish and own companies in Jebel Ali Free with full ownership.

What are the tax benefits of establishing a company in Jebel Ali Free Zone?

Companies in Jebel Ali Free Zone enjoy no taxation on profits for up to 50 years.

Is there a minimum capital required to establish a company in the free zone?

Yes, the minimum capital depends on the type of company and its activity.

How can I open a bank account for my company in the free zone?

You can open a bank account for your company by contacting the approved banks in Jebel Ali Free Zone and submitting the required documents.