Jebel Ali, Free Zone Authority, has all the sources that a business owner might need for company formation under one roof. It is a destination where suppliers, trade associates and logistic service providers come together, which decreases the cost and boosts efficiency and profits. It is a hub of trade and a novel system that extends end to end resolutions and growth and investment opportunities to the various kinds of business that serve locally and globally. It had only nineteen companies in 1979 and since then has seen remarkable growth; as of 2017, it has more than 7500 companies more than a hundred of them are from the Fortune 500. JAFZA has its own particular set of rules and regulations which were designed for the sole purpose of attracting foreign investment into the country. It is the best location for the investors who want to start a business in Dubai because of numerous benefits it carries, some of these are:
Here’s How the Business setup in JAFZA is Done
Considering the nature of business and the type of the market, these are the kinds of company formation possible in JAFZA, which are:
Multiple Shareholder Company
Two to fifty stockholders can set up a free zone company in JAFZA easily. These shareholders can be somebody, non-individuals(corporations) or a mixture of both. A Free Zone company is a limited liability company inside the free zone where the accountability of the company is secured to the paid-up capital.
Single Shareholder Company
Whether a person or a company, a single shareholder can establish a free zone company. Like multiple shareholder companies, it is also a limited liability company in the Free zone with accountability tied up with the paid-up capital.
Branch Company
A branch company implies a business entity that is the subordinate of its origin company. Any company which is installed outside the JAFZA can form a branch company in JAFZA. It is obligatory if you want to continue doing business in Dubai.
Offshore Company
It is a corporation with a minimum of one shareholder, and there is no limitation on the maximum number of stockholders, they can be individuals, non-individuals or a blend of both. It is also a limited liability company.
Public Listed Company
A public liability company is an LLC in a Free zone which has a minimum of two shareholders or more; it is a separate legal entity, legal capacity, and rights of a person. It has to register its share on a stock exchange to attract the public to contribute to its capital.
The procedure of Setting Up Business in JAFZA
There are few steps to follow if you want to start a business in any of the Free Zones of Dubai, and the procedure may vary accordingly. To start a company in JAFZA, one has to follow the subsequent steps:
Why Us?
We at KWS Middle East help small, medium and large business entities in setting up and expanding their business. We can assist you in setting up a business in JAFZA, from incorporation till your business is ready to commence operations. Our business setup consultants have expertise in company formation. We also manage the legal and documentation matters. Contact us for getting any assistance on setting up a business in JAFZA.
Leave A Comment