05 Dec Conditions for establishing a company in Jebel Ali
Incorporation of a company in Jebel Ali – Dubai is the leading emirate in the inclusion of the concept of free zones. Today, it embraces 24 free zones specialized in various fields, including: aviation, automobile, health, informatics, also financial affairs, trade in gold and precious stones, Except for trading in commodities, printing and production, training, manufacturing, distribution, design and media.
Corporate shareholders are allowed. In the event that the founder rents an office space within Jafza, He is entitled to one Director visa. As is the case with all UAE institutions, This entity is permitted to own and operate a bank account in Dubai. Jafza allows the founder to recover 100% of the capital and assets, Without restrictions on foreign exchange or capital movement inside or outside the country.
How to become an entrepreneur in Dubai Dubai’s status as an emerging market makes it an ideal place to invest. And with the permanent influx of new residents from every part of the world, New markets are always open. Entrepreneurs are supported by the Government of Dubai through the Mohammed Bin Rashid Authority for Young Business Leaders and the Mohammed Bin Rashid Al Maktoum Foundation. Both institutions seek to motivate young Arab leaders to become an integral part of their region’s economy.
Apart from all of the above, It should be noted that opening a business in non-free zones requires a local sponsor who owns 51% of the commercial activity. Although this law was amended in 2018, However, many investors prefer setting up a company in the Dubai Free Zone due to the tax advantages mentioned above.
Why start your activity and establish a company in Jebel Ali?
Whatever the budget and financial ability, you can start an activity, trade, or provide services in the Emirates due to the different conditions and requirements for living expenses and the different costs of establishing companies between each emirate and the types of companies available. It is noticeable in the Emirates, especially Dubai, the high human density and the constant flow of people, whether they are owners of capital, investors or skilled labour. This led to many needs for different projects and increased demand for products and services.
Therefore, it is the best place for you to start your trade, industry, or provide your services in which users and the public are present. Supporting the Dubai government for entrepreneurs and investors and facilitating all services and needs to start a business or activity in Dubai.
Free zones in Dubai
- Dubai South
The Dubai South project, which extends over a huge area of about 145 square kilometers. Dubai South Economic Zone supports all types of businesses and industries. In addition to its annexation of Al Maktoum International Airport, which is expected to be the largest airport in the world once construction work is completed, Dubai South also hosts the land on which Expo 2020 will be held.
- Jebel Ali Free Zone
one of the largest free zones in the world, It allows foreigners to own 100% in their own company with no corporate tax and customs duties on imported raw materials and equipment. With taxes only on exports and imports.
- Dubai Airport Free Zone
Dubai Airport Zone was established in 1996. To become the most distinguished and attractive free zone in Dubai for international companies, Where industries vary between cars, navigation, beauty, and fashion, in addition to consumer goods and information and communication technologies.
- Dubai Internet city
Dubai Internet City is the largest area and technology infrastructure in the Middle East. It was established within a free zone to support the business of global and regional telecom and information companies.
- Dubai Media City
Dubai Media City is the largest media and business district in North Africa and the Middle East. Currently, Dubai Media City hosts more than 1,500 headquarters for the largest international and regional media companies.
- Dubai Studio City
Dubai Studio City, which extends over an area of 22 million square feet, provides a business environment that meets the various requirements of talents. This city was established to provide support and development for broadcasting, television, film and music production companies in the Middle East. It currently hosts 288 MBC studios and Filmworks.
- Dubai International Financial Centre
The Dubai International Financial Center, which is considered one of the free zones in Dubai, aims to support and unleash the capabilities and activities of the financial services department in the emirate. This center also includes more than 750 international companies, as it has become a huge complex for the largest international financial services companies.
- Dubai World Trade Centre
Dubai World Trade Center opened in 1979. To be one of the free zones in Dubai that played an important role in supporting the growth and development of global trade in the Middle East, Aiming to strengthen the position of the Dubai World Trade Center so that there is a flexible base for various international companies in order to support their development and growth in all continents of the world.
- Dubai Healthcare City
Dubai Healthcare City is home to more than 80 hospitals and medical clinics that operate according to international standards. Among these medical facilities; Moorfields Eye Hospital, city hospital, Dr. Hamed Medical Center, Dubai Fertility and Gynecological Center, Dr. Sulaiman Al Habib Medical Center, Magrabi Ophthalmology Center, Al Jalila Hospital German Center for Cardiology.
- Dubai Multi Commodities Centre
This center is a government initiative developed to create a market for commodities in Dubai. In order for the Dubai Multi Commodities Center to form an infrastructure for the markets specialized in the industry, gold, precious metals from gemstones, diamonds and other commodity sectors, And granting them complete facilities that facilitate their work mechanism. It also expanded its field of activity on more than commodity companies to extend to service companies and offices representing foreign companies.
- Gold and Diamond Complex
This center, as one of the free zones in Dubai, has gained wide fame since its establishment in 2011. The reason for this is that it is not only a shop that sells jewelry to customers, but it is an opportunity for office owners to rent their real estate to merchants located in this place.
- Dubai Production City
Dubai Production City, which was established in 2003, includes about 170 companies in various production sectors, including publishing, printing and packaging. It provides them with a full-service business environment equipped with the latest and best facilities that meet their needs.
- Dubai Design
Dubai Design District is aptly named, It was developed especially for creative people in the emirate’s fashion, design and luxury industries.
10 information about Jebel Ali
- Jebel Ali port is among the ten largest ports in the world.
- Jebel Ali Port is connected to more than 180 shipping lines.
- Jebel Ali Port is linked to 140 ports around the world.
- Container terminals at Jebel Ali Port have 23 berths and 78 cranes to meet the needs of the largest container ships in the world. Where the facility can receive all ships of any size that are currently in service or in demand.
- Jebel Ali Port is the largest seaport in the Middle East. It is the leading facility in DP World’s portfolio of more than 65 ports and marine terminals spread across six continents.
- Jebel Ali Port is also a hub for more than 90 weekly shipping services. It is ranked as the ninth largest container port in the world.
- Jebel Ali Port has been voted the best seaport in the Middle East for twenty consecutive years.
- Jebel Ali Port is home to the world’s largest man-made dock.
- The free zone in Jebel Ali includes more than 5,000 international companies.
- The Jebel Ali Industrial Estate is characterized by the absence of currency restrictions, corporate and personal income taxes, and minimal capital requirements.
Steps to establish a company in Jebel Ali
Establishing a company in Jebel Ali The first step to starting your company is to develop a workable business plan, Define your company’s goals and explain to investors and future clients the reasons why they should work with you. The government also directs strong support to Emirati contractors. There are many grants available to people who have a solid business plan. for example, The Authority of His Highness Sheikh Mohammed bin Rashid provided strong support to Emirati entrepreneurs and others by launching the “Tajer Dubai” program or the Entrepreneur Development Program to identify young and emerging entrepreneurs from the UAE citizens, and develop their promising ideas.
There are many methods of obtaining financing for new companies, This includes business loans from financial institutions and corporate grants from the Government of Dubai. Attracting venture capital is an option for seed funding. It often forms a vital part of many investors’ businesses. Another manifestation of growth in Dubai and the Arab world is the rise of social entrepreneurs who set up companies not only to make a profit, but also to meet a community need or to protect the environment.
Free zones in the United Arab Emirates are an opportunity for entrepreneurs and investors who want to own their own companies without the need for a local sponsor. This type of company was designed to encourage foreign investment, as it is characterized by its easy establishment procedures and low costs.
Benefits of free zones in Dubai
- 100% full ownership of the company, as you will be the sole owner of the entire company without the need for a local sponsor.
- Excellence in ease of incorporation procedures and low costs.
- Flexible solutions in all areas of business establishment.
- The possibility of benefiting from the business community through which the services of the free zone authorities can be sought in terms of support services, guarantees, or other services.
And as there are many free zones within the United Arab Emirates, We provide the best services to provide our customers with services that suit their needs and help them obtain licenses from the best free zones according to business requirements from the first step to the end. Where we take care of every detail so that the client can focus on his business plan.
Steps to establish business in free zones
Determining the activity is the first step to obtaining a business license. Through the activity, the parties associated with this activity and the permitted legal forms are identified. The legal entity for free zone establishments in the country takes one of the following two types:
- A free zone company with limited liability
- Free Zone Corporation
The difference between the two types is the number of shareholders and the nature of the shareholder. whether it is a natural or legal person. Not all free zones are required to register these two types of establishments. Therefore, we advise the investor to refer to the authority concerned with managing each free zone separately to inquire about the legal structure available for the type of activity to be practiced. The Dubai Multi Commodities Center allows the establishment of a limited liability company. It takes the form of a wholly owned subsidiary of a local or foreign company.
Dubai is the business capital of the country. Which made it the first destination for investors and businessmen to start their own project or expand their current business. But first they have to define the type of work and its requirements. Then get acquainted with the steps to establish a company in the Dubai Free Zone, this emirate, which is considered the economic capital of the country.