Conditions for establishing a company in Jebel Ali

Establishing a company in Jebel Ali – Dubai is the pioneering emirate in introducing the concept of free zones. Today, it includes 24 free zones specializing in various fields, including: aviation, automobiles, health, informatics, as well as financial affairs, and trade in gold and precious stones, in addition to trade in goods, printing, and production. , training, manufacturing, distribution, design and media.

 

Corporate shareholders are permitted. If the founder rents 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% capital and assets, with no restrictions on foreign exchange or movement of capital into or out of the country.

 

How to become an entrepreneur in Dubai Dubai’s status as an emerging market makes it an ideal place to invest. With the constant influx of new residents from every corner of the world, new markets are always opening up. The Dubai government supports entrepreneurs through the Mohammed bin Rashid Young Business Leaders Authority 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.

In addition to everything mentioned, it should be noted that opening a business in non-free zones requires the presence of a national sponsor who owns 51% of the business activity, and although this law was amended in 2018, many investors preferdue to the tax advantages mentioned above.Establishing a company in the Dubai Free Zone

 

Conditions for establishing a company in Jebel Ali

 

Why start your activity and establish a company in Jebel Ali?

Whatever your budget and financial ability, you can start an activity, trade, or provide services in the Emirates, due to the differences in living conditions and requirements, its expenses, and the differences in the costs of establishing companies between each emirate and among the types of companies available. It is noticeable in the Emirates, especially Dubai, the high human density and the constant influx of people, whether they are capital owners, investors or skilled workers, which has led to many needs for different projects and an increased demand for products and services.

Therefore, it is the best place where you can start your business, industry, or provide your services where users and the public are present. Dubai Government supports entrepreneurs and investors and facilitates all services and needs to start a business or activity in Dubai.

 

Free zones in Dubai

  • Dubai South

The Dubai South project extends over a huge area estimated at about 145 square kilometers. The Dubai South Economic Zone supports all types of businesses and industries, in addition to its inclusion of Al Maktoum International Airport, which is expected to be the largest airport in the world once construction work is completed there. Dubai South also embraces the land on which the Expo 2020 exhibition will be held.

  • Jebel Ali Free Zone

One of the largest free zones in the world, it allows foreigners to own 100% of their own company with no corporate taxes and customs duties on imported raw materials and equipment, with taxes imposed only on exports and imports.

  • Dubai Airport Free Zone

The Dubai Airport Zone was established in 1996, becoming the most distinguished and attractive free zone in Dubai for international companies, with industries ranging from cars, navigation, beauty and fashion to consumer goods and information and communications technologies.

  • Dubai Internet city

Dubai Internet City is the largest technology zone and infrastructure in the Middle East. It was established within a free zone to support the business of global and regional telecommunications and information companies.

  • Dubai Media City

Dubai Media City is considered the largest area specialized in the media and thriving business sector in North Africa and the Middle East. Currently, Dubai Media City hosts more than 1,500 headquarters of 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 various talent requirements. This city was established to provide support and development to broadcast, television, film and music production companies in the Middle East. It currently houses 288 studio companies for the “MBC” network and the “Film” company. Works.”

  • 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 global financial services companies.

  • Dubai World Trade Centre

The Dubai World Trade Center was 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 to provide a flexible base for various international companies in order to support their development and growth on the continents. the whole world.

  • Dubai Healthcare City

Dubai Healthcare City is home to more than 80 hospitals and medical clinics that operate in accordance with international standards. Among these medical facilities are; Moorfields Eye Hospital, Madina Hospital, Dr. Hamed Medical Centre, Dubai Fertility and Gynecology Centre, Dr. Sulaiman Al Habib Medical Centre, Magrabi Eye Centre, Al Jalila Hospital, German Cardiology Centre.

  • Dubai Multi Commodities Centre

This center is a government initiative developed to create a market for commodities in Dubai, so that the Dubai Multi Commodities Center forms an infrastructure for markets specialized in industry, gold and precious metals from gems, diamonds and other commodity sectors, and provides them with complete facilities that facilitate their working mechanism. It also sought to expand its field of activity beyond commodity companies to extend to service companies and offices that represent 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 store that sells jewelry to customers, but it also represents an opportunity for office owners to rent their properties 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, and provides them with a full-service business environment equipped with the latest and finest facilities that meet their needs.

  • Dubai Design

Dubai Design District is an apt name developed specifically for creative people in the fashion, design and luxury industries in the emirate.

 

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 connected to 140 ports around the world.
  • The container terminals at Jebel Ali Port have 23 berths and 78 cranes to meet the needs of the largest container ships in the world, as the facility can receive all ships of any size currently in service or on order.
  • Jebel Ali Port is considered the largest seaport in the Middle East, and the leading facility in DP World’s portfolio, which includes more than 65 ports and marine terminals spread across six continents of the world.
  • Jebel Ali Port is also considered a hub port for more than 90 weekly shipping services, and is classified as the ninth largest container port in the world.
  • Jebel Ali Port was voted the best seaport in the Middle East for twenty consecutive years.
  • Jebel Ali Port includes the largest man-made dock in the world.
  • Jebel Ali Free Zone includes more than 5,000 international companies.
  • The Jebel Ali Industrial Zone is characterized by the absence of currency restrictions, corporate taxes, personal income tax, and minimum 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 an implementable business plan that defines the company’s goals and explains to investors and future customers the reasons that motivate them to work with you. The government also provides strong support to Emirati entrepreneurs, and there are many grants available for people with a strong business plan. For example, His Highness Sheikh Mohammed bin Rashid Authority provided strong support to Emirati entrepreneurs and others by launching the “Tajer Dubai” program or the Entrepreneurial Development Program to identify young and emerging entrepreneurs who are citizens of the United Arab Emirates and develop their promising ideas.

There are many methods for obtaining financing for new businesses, including business loans from financial institutions and business grants from the Dubai government. Attracting venture capital is an option for seed funding, and is often a vital part of many investors’ businesses. Another manifestation of growth in Dubai and the Arab world is the rise of social entrepreneurs who establish 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 have their own companies without the need for a local sponsor. This type of company is designed to encourage foreign investment as it is characterized by easy establishment procedures and low costs.

 

Benefits of free zones in Dubai

  • 100% complete ownership of the company, as you will be the sole owner of the entire company without the need for a local sponsor.
  • Distinguished by ease of establishment 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 used in terms of support services, sponsorship, or other services.

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 a license from the best free zones according to business requirements from the first step until the end, as we care about all the details so that the customer can focus on His business plan.

 

Steps to establish businesses in free zones

Identifying the activity is the first step in obtaining a business license. Through the activity, the parties associated with this activity and the permitted legal forms are identified. The legal entity of free zone establishments in the country takes one of the following two types:

  • Free zone limited liability company
  • Free zone establishment

The difference between the two types is the number of shareholders and the nature of the shareholder, whether a natural or legal person. Not all free zones are obligated to register these two types of establishments. Therefore, we advise the investor to refer to the body responsible for managing each free zone individually to inquire about the legal structure available for the type of activity that he wants to practice. The Dubai Multi Commodities Center allows the establishment of a limited liability company, which takes the form of a subsidiary wholly affiliated with a local or foreign company.

Dubai is considered the business capital of the country, making it the first destination that investors and businessmen turn to to start their own project or expand their current business. But first, they must determine the type of work and its requirements, then learn about the steps to establish a company in the Dubai Free Zone, this emirate, which is considered the economic capital of the country.

 

 

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