Company Registration In Jebel Ali Free Zone
The official body of Jebel Ali Free Zone came into operation in 1985 and everyone who wishes to start their entrepreneurial journey is welcomed to register their business. Today, it is known as the greatest corporate hub in the whole Middle East. The authorities are focusing on building permanent client relationships, helping global investors put revenue into growing businesses forming in the Jebel Ali Free Zone, and fostering alliances combined with top investors by supplying them with infrastructure, extra services, and incentives to invest in the new corporations.
Vision of JAFZA
It is the target of JAFZA to stay as the strong symbol that assists in pushing the growth of Dubai, rendering unlimited and exciting outcomes for industrial upliftment, and becoming the biggest free zone existing in the region of MENA. The authorities of JAFZA take pride in being the 1st free zone globally to obtain ISO accreditation in 1996. Jebel Ali Free Zone is the only free zone in the world to show rapid growth in the MEASA area, giving around 2 billion entrepreneurs a chance to grow their market in Dubai. In the previous years, JAFZA worked hard to enhance its services and environment, only to grab some of the most popular corporations and industries to start their company set up in Jebel Ali Free Zone.
Ways to Form a Company
The companies can be formed in 3 ways:
- Free zone company (FZCo) and Free zone establishment (FZE): The individuals applying to form a company can obtain a special offer to develop a firm as a single legal entity, provided by JAFZA. An FZCo and FZE can be successfully formed by having the needed funds and knowing the shareholder limit properly.
- Branch: Firms with authorized registration advance and license separate from JAFZA can drop their request for the set up of a branch firm in JAFZA. Multinational investors planning to expand their firm in Dubai can open branch offices here.
- Special status non-resident offshore companies: This free zone permits the set up of an offshore firm by an organization, individuals, or commercial bodies, as a non-occupant firm, having a business legal entity.
Registration Requirements and Entity Structures
As previously stated, the process of forming a corporation in JAFZA is rather simple. However, there are a few restrictions you should be aware of before proceeding:
| Entity Type | Shareholder Limits and Nature |
|---|---|
| Free Zone Corporation (FZCo) | Can be established with two to fifty stockholders. These stockholders may be individuals (between two and fifty), corporations (between two and fifty), or a combination of each of them. |
| Free Zone Establishment (FZE) | May be registered in JAFZA by a sole stockholder, who may be either a person or an organization. |
The Process to Register a Company in JAFZA
The JAFZA is the official body making decisions about permitting business registrations in the Jebel Ali free zone. These are the stages that you will have to follow to register a company in JAFZA:
- Choose a firm name.
- To receive the license, you must first settle on a company activity.
- Obtain the authority’s green signal.
- Documents must be submitted, and fees must be paid.
- Obtain an office location.
Documents Needed to Set Up a Company
The documents required to start a corporation in JAFZA are straightforward and are dependent on the corporate structure chosen by the shareholder or company owner. The following papers must be submitted with your application to register an FZE business in Jafza:
- A registration form for establishing a company in JAFZA
- Application form for Environment, Health, and Safety (EHS)
- Photocopies of investors’, executives’, and secretary passports
- KYC and UBO form
- An overview of the business’s operations
- The articles of association of the company
An FZE’s only stockholder may also be a non-person. The necessary official papers must be properly notarized and authenticated by the UAE Embassy or Consulate in order for a non-person (basically a firm) to establish an FZE in Jafza. This includes either the incorporation or the good standing certificate, and a copy of the memorandum of association and articles of association that have been properly certified.
