JAFZA Company Formation

JAFZ, or JAFZA, is used to refer to the Jebel Ali Free Zone. The JAFZ was the pioneering free zone in the United Arab Emirates and company formation in the JAFZ is a tax-efficient way for entrepreneurs to conduct international business. The following is information to assist with deciding if JAFZ company formation is the optimum solution to achieve your business objectives:
1.	The JAFZ is the Jebel Ali Free Zone area within Dubai while the JAFZA is the Jebel Ali Free Zone Authority, which is the governing body overseeing the JAFZ.
2.	The advantages of JAFZ company formation include:
	i)	There is no public register of shareholders and directors following JAFZ company formation.
	ii)	100% foreign ownership is permitted for JAFZ company formation. A minimum of one shareholder and one director is required but they are not required to be resident in the UAE.
	iii)	JAFZ company formation gives access to a self-contained community, giving international entrepreneurs excellent access to the Chamber of Commerce, international banks, insurance companies and other services to complement Jebel Ali Free Zone company formation.
	iv)	There is no personal income tax in the UAE.
	v)	JAFZ company formation allows 100% repatriation of capital and profits, no import duties (into JAFZ).
	vi)	The JAFZ hosts the world's largest man-made harbour, 52 square miles in size; the largest port in the Middle East.
3.	While the JAFZA offers many benefits, it may not be suitable for all business objectives. Some of the disadvantages of JAFZ company formation to consider include:
	i)	The JAFZ is the most expensive UAE free zone for company formation. For example, one-off registration fees for a Free Zone Company amount to Dhs15,000 (US$4,080).
	ii)	JAFZ company formation can be time consuming and due to the limited space availability, there can be a waiting list for companies requiring office or warehousing space at JAFZ.
	iii)	The JAFZ has a high minimum capital requirement of Dhs1 million (US$272,000) for a Free Zone Establishment (FZE) and Dhs500,000 (US$136,000) for a Free Zone Company (FZC).
4.	Healy Consultants assists entrepreneurs undertake their JAFZ company formation including obtaining the following licenses from JAFZA: i) A Trading License, allowing the holder to import, export, store and distribute items specified in the licence; ii) A Service Licence, permitting the holder to carry out specific services; iii) A National Industrial Licence, required by manufacturing companies which have a minimum 51% shareholding by a Gulf Cooperation Council (GCC) citizen; iv)An Industrial License, allowing the holder to import raw materials, manufacture specified products and export finished goods to any country. v)A General Trading License, allowing the holder to import, store and distribute goods;
5.	Healy Consultants assists entrepreneurs with the process of JAFZ company formation, without our client needing to travel to the UAE. These services include: i) submitting documentation to obtain the company registration certificate and business license (which depends on the type of activity being carried out) ii) assistance with preparing a business plan for submission to JAFZA iii) completing the JAFZA application form.
6.	More information on the opportunities available via the JAFZ can be found via the JAFZA web site.
Contact Us
For more information on JAFZ company formation, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
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