JAFZA (Jebel Ali Free Zone) Business setup
JAFZA (Jebel Ali Free Zone Authority) is a major free zone authority in the emirate of Dubai, which offering free zone business setup as well as offshore setup. The Jebel Ali is a very strong business destination in the world because it is situated in between a large airport and sea port. The Jebel Ali sea port is world’s 7th largest container port and one of the world’s largest cargo airports on the other side. JAFZA has been established in 1985 by His Highness Sheikh Rashid Bin Saeed Al Maktoum, with just 19 companies. Now it becomes a business platform for even hundreds of global fortune 500 companies.
As of now, there are more than 7000 companies having business registration within the Jebel Ali Free Zone. Jebel Ali FZA is now evolving as a dynamic business base for companies from over 100 countries, sustaining over 135,000 jobs and attracting more than 20% of the UAE’s foreign direct investment. Another interesting fact that showing the contribution of JAFZA to Dubai's total economy is that, Jebel Ali Free Zone is witnessing for more than 50% of all exports happening in the entire Dubai emirate with a trade value of USD 69 billion. Jebel Ali Trade Zone got ISO certification in 1996, when it was the first one. Jafza also won the Dubai Government Excellence Program (DGEP) in 2004 and the Dubai Quality Award 2005 and 2010.
JAFZA in Dubai's economy
JAFZA is playing a crucial role in the economic diversification plan of United Arab Emirates. As per the statistics in 2007, Jebel Ali Free Zone contributed AED 112 billion to the emirate's economy from its non-oil exports, whether in 2006 it was AED 57.65 billion which showing an increase of more than 94% over a year. In 2007 the total no-oil trading revenue of Dubai was AED 444 billion, in which 31% was the contribution from JAFZA. Apart from the direct revenue, Jebel Ali Free Zone also makes significant improvements in transportation, hospitality, tourism, & as well as trading sectors.
The trading and business potentials of JAFZA could be a milestone in the UAE is total trading revenue. Tens of thousands of job opportunities generated by the free zone in every year are making the land a restless expat destination for career hunting, tourism and other business activities. So doubtlessly it is solid fact that JAFZA is a primary element in Dubai's or even the entire UAE's total GDP. And it is increasing day by day to achieve the economic diversification vision of the country.
JAFZA's Infrastructures and facilities
Beyond the high facility, spacious, state of the art buildings and office spaces and strongest internet, electricity facilities, the JAFZA is empowered with a couple of features and service that every business dream for. It includes the efficient connectivity opportunities and wide area warehouse availability, etc.
The Jebel Ali Free Zone is placed near to the world's largest man made seaport, Jebel Ali Port. It enables businesses to utilize the cargo trading to different corners of the world in an effective way. The Jebel Ali Port is having a capacity to handle 15 million containers annually and serviced by more than 170 shipping lines
JAFZA is also having a physical location which allows the zone to benefit from world’s 8th busiest cargo airport, Dubai International Airport. The nearby location of JFAZA to the DXB makes sure that all its partner companies can make the international trading with a minimum cost and maximum efficiency. Dubai International Airport is having a capacity to handle 2.7 million metric tons of cargo. Apart from that, the shipping of goods associated with the JFZA will become even smoother by the completion of the new Al Maktoum Airport which is also near to the free zone.
The future project of Union Railway (Etihad Rail) which will connect the UAE to Saudi Arabia in the West and Oman in the East. Designed to cover 1,200km of area, it is expected to carry 50 million tonnes of goods and 16 million passengers in every year. This project will make goods transportation inside the GCC even smoother.
Jebel Ali is offering wide variety of warehouse packages which will satisfy the needs of almost all businesses. Light Industrial Units (LIU) offer high quality, thermally insulated purpose-built units are available on an annual rental basis. Large area in JAFZA is dedicated to its client's warehouse solution, which having small to large size pre-built stockrooms and even they offer facilities build custom one by an organization itself.
Future of Jebel Ali Free Zone
JAFZA is emerging along with the developments of the emirates of Dubai. So it will continue its role as the major business platform in Dubai city or even the entire MENA region. One of the ongoing futuristic projects in JAFZA is a Convention Center Complex. Free zone authority is spending AED 2.5 billion for this project. This one will become a center of attraction in JAFZA with its modern ergonomics and efficiency. The convention center will have an exhibition center, a 600-seat auditorium and catering area, as well as a 322 room hotel.
The future projects likes, union railway, six lane highway, and all are designed to make the JAFZA as the world’s one of the most efficient sea-air trading hubs. The developments of international airport and Jebel Ali port are planning to make the free zone area even more efficient and attractive.
Starting business with Jebel Ali Free zone
Because of JAFZA is an economic free trade zone, it is offering some unique exceptions and benefits for the one who is registering a business with them. That includes, 100 percent foreign ownership, zero percent tax for 50 years, zero percent import and export duties, no restriction on capital repatriation, etc. Along with this economy zone advantage, Jebel Ali is also offering a great shipping ways by its bigger sea ports, that will ensure your business will reach all the major cities across the world.
Starting a business in JAFZA will allow you to consume these fruits along with a chance to explore the geographical brand name of the world's top business city, Dubai. With over the 27 years of experience, the Jebel Ali free zone is a very trust able authentic business zone, welcoming foreign businessmen.
- 100% foreign ownership.
- 0% corporate tax for a period of 50 years
- Unrestricted repatriation of capital and profits
- 0% import and export duties
- 0% personal income tax
- No currency restrictions
- No restriction on hiring foreign employees
- The facility to mortgage owned premises on leased land.
- Access to abundant energy makes it cost-effective for clients to conduct production operations