Jebel Ali Free Zone Company main characteristics:
A Trading License allows the holder to import, export, distribute and store items specified on the license. In addition to this, there is a General Trading License which allows the holder access to a wider range of activities and a broader range of items on the license.
A Service License allows the holder to carry out the services specified on the license within the Free Zone. A Logistics License allows firms to engage in logistic services such as cargo (sea, land, air), warehousing, storage, packing, transshipment and distribution.
An Industrial License allows the holder to import raw materials, carry out the manufacture of specified products and export the finished product. In addition, there is also the National Industrial License, issued for manufacturing companies with at least 51% Arabian Gulf Co-operation Council (AGCC) ownership. This license allows the holder the same status as a local or AGCC inside the UAE.
The types of companies that can be registered:
JAFZA is dubbed the largest free zone in the world; it is definitely the most successful and talked about. With many other new free zones in the region, JAFZA has still maintained this title. The options available to our clients are as follows:
- Free Zone Company (FZCo); for two to five shareholders.
- Free Zone Establishment (FZE); for single shareholders.
- Branch; for existing companies wishing to establish a base in JAFZA.
Information concerning JAFZA
The Jebel Ali Free Zone Authority is the oldest and most respected of the free zones that have been allowed to operate in the emirate of Dubai. This type of incorporation is allowed to trade internationally and is allowed to own property in the emirate of Dubai.
Corporate shareholders are permitted. Should the incorporator lease an office space within JAFZA, they will then be entitled to one director residence visa. As usual with all UAE incorporations, this entity is also allowed to own and operate a Dubai bank account. The JAFZA offshore company allows the incorporator to enjoy 100% repatriation of capital and assets, with no limits on foreign exchange or capital movements inside or outside the country.