The Jebel Ali Free Zone Authority (JAFZA) provides many advantages to business owners, so you should familiarize yourself with them before founding a company there. Here’s why you should not waste more time and start looking immediately.

You might be surprised to learn that the Economic Zones World in Dubai, United Arab Emirates, has played a vital role in creating some of the most significant economic zones, logistics hubs, and private industrial parks worldwide. The Jebel Ali Free Zone is one such location.

What is JLT Free Zone?

Jebel Ali is one of the oldest free zones in Dubai and home to over 7,000 businesses. Jebel Ali is one of Dubai’s oldest free zones, having opened its doors to the public for the first time in 1985. In addition, the Jebel Ali Free Zone (or JAFZA, as it is frequently referred to) is a central Middle Eastern economic hub. Among the many benefits of setting up a shop in the Jebel Ali Free Zone is access to one of the most favorable business climates in Dubai and a world-class infrastructure, beneficial for logistics businesses. The benefits don’t stop there, though.

The goal of creating this free zone was to have it grow into a central international trading hub. This goal was reached because of the zone’s strategic placement, superior logistics, and state-of-the-art infrastructure. It’s a haven for any enterprise that places customer happiness ahead of profit and operates free of onerous rules and bureaucracy. This is the best option for businesses looking to take advantage of the perks of a well-established infrastructure.

This free zone was the first in the world to receive certification to the ISO 9001:2000 standard in 1996, attesting to its dedication to quality.

How Do I Start a Business in The Jebel Ali Free Zone?

In the southern part of Dubai, in the Jebel Ali Freezone, you’ll find the Middle East’s oldest and most comprehensive commercial network. Many people’s dreams come true when they are given the opportunity to move their businesses to the tax-free Jebel Ali Free zone and see them through to financial success.

The Jebel Ali Freezone, or JAFZA as it is sometimes abbreviated, was not open to the public until 1985. In 1990, the company expanded its offerings to include light industrial jobs. The Dubai Airport Free Zone Authority (JAFZA) was the country’s first such zone and the first to be awarded ISO accreditation. This is the pioneering certification of its kind. Thus, it also has that distinction. One of the most desirable areas in Dubai, JAFZA has become popular due to its rich history and proximity to several modern comforts.

Local businesses can use the Jebel Ali Free Zone convention center. As if that weren’t enough, the Jeddah Airport Free Zone (JAFZA) also features luxurious business hotels and skyscrapers built to serve the area’s booming commercial sector. Beginning a Jebel Ali Free Zone company will be a breeze if you are a seasoned business owner. If you want to know more about starting a business in the JAFZA, keep reading!

Considerations Relevant to The JLT Free Zone

One of Jebel Ali Free Zone attractions is its location at the crossroads of three continents (Europe, Africa, and Asia). This means it can serve a massive market of more than two billion people. From this free zone, you may reach practically anywhere in the United Arab Emirates, the Gulf Cooperation Council, or the Middle East in a few hours.

From its humble beginnings with only 19 member companies, this free zone has expanded to encompass over 110 nationalities and over 6,000 active businesses as members. It started as an incubator for new, modest businesses but has grown into much more. Sixteen businesses registered in the first year after Jebel Ali was formed in 1985 (the first to be welcomed were from India and the Gulf nations), and that number is roughly the same as the number of new businesses that open shop in the emirate each month currently.

It takes around half an hour to drive to Dubai International Airport, and the neighboring Jebel Ali Port is the largest port in the Middle East. Its strategic location allows its commercial businesses easy and quick access to South and West Asia, the Commonwealth of Independent States (CIS), Africa, and Singapore via ship.

Top 10 Reasons for Setting Up a Business in The JLT Free Zone

Following are some of the top reasons to start a business in JLT Free Zone – have a look: 

 

• Obtaining Multiple Visas Does Not Necessitate Opening a New Office: 

 

Since the Jebel All free zone necessitates the acquisition of three visas rather than actual office space, it is a popular choice among entrepreneurs and owners of new businesses. This is a bonus of the Jebel All free zone. Jebel All offers a Flexi-desk option for young individuals who wish to establish their own business in the United Arab Emirates but aren’t sure they need to move there permanently. It allows businesses to provide easy access to a number of amenities, including office space, meeting rooms, and a reception area. The UAE Free Zones have some of the world’s quickest immigration services, making applying for a visa quick and painless.

 

• Simple Starting Point:

 

Setting up a business in JAFZA is a simple process. Now, all that’s left to do is pick a business structure, like a free zone establishment, a corporation with a free zone, or an established company division. This is the last remaining task. Depending on your business’s legal structure, you may need to provide several documents. Your business can then be launched in about ten days. Establishing a company in a free zone is a simple and easy process that can be grasped quickly and easily. The requirements for acquiring a license may be met in less time than in other countries. 

 

• Absence of Currency Regulations: 

 

No restrictions are placed on your spending budget. Governments often impose limits on the free exchange of currencies by passing laws limiting citizens’ ability to buy and sell certain foreign currencies. The UAE’s free zones have no restrictions on exchanging currency. Consequently, this facilitates corporate operations in the financial sector. A free zone in the United Arab Emirates exempts imports and exports from tariffs. It’s a step in the right direction toward encouraging more trade between countries.

 

• Zero Is Used as The Minimum Capitalization Level: 

 

The lack of a minimum initial share capital investment also helps to attract potential new firm proprietors. Since starting a business in the Jebel Ali free zone requires such a small initial financial outlay, it is highly attractive to entrepreneurs. 

 

• Engagement in a Wide Range of Commercial Activities: 

 

There is a wide variety of business possibilities in the Jumeirah Lake Towers Free Zone. Both of the possibilities that could arise from it are fascinating. Since you all work in different fields, you’ll soon have a fantastic chance to network and share knowledge. Second, having a single regulator look over a company’s activities is helpful since it streamlines the process of staying compliant.

If your company already has a licensed branch operating on the mainland and has been around for at least two years, you may instead choose to focus on service operations.

 

• Ideal Location: 

 

The Jebel Ali free zone’s ideal location is one of its main selling points. First-rate storage facilities are available for international trade, and the port with the region’s most streamlined operations is easily accessible. In addition, it’s connected to both Al Maktoum International Airport and Dubai International Airport. Major corporations with regular activities outside the United Arab Emirates often use Jebel Ali as their base of operations abroad.

Registration of several shareholders, sponsorship of employees and their families, and opening a corporate bank account is all straightforward processes. Expert assistance from establishment professionals operating in a free zone will significantly simplify and speed up the operation, as there are different benefits and details associated with each type of company registration and licensing.

 

• Complete Foreign Ownership: 

 

An obvious perk of setting up shop in a free zone in the United Arab Emirates is the opportunity for foreign investors to acquire a hundred percent of the company. This means that a foreign investor can set up shop in the UAE without having to obtain a UAE national sponsor. As foreign ownership is open to anyone, regardless of country, there is no discrimination against potential investors.

 

• Smooth Labor Recruitment: 

 

Businesses in the Free zone have an easier time and lower total expenditures when hiring new employees. Employers are free to look for and hire people from any country they like.

 

• Readily Available Workspaces: 

 

Storage facilities and office buildings that are vacant. It is easy to find storage facilities and office buildings in free zone countries. New and expanding firms and SMEs can benefit significantly from the free zones in the United Arab Emirates (UAE) (SMEs).

 

• Import and Export Duty Exemption 

 

If a company establishes its primary operations in a tax-free zone, it will not be subject to corporate income taxes. Here, we’ve figured out both personal and business income tax.