Procedure to setup a free zone company in JAFZA\n
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Why Choose JAFZA For Free Zone Company Setup?
Types of Free Zone Company Formation in JAFZA
1. Free Zone Establishment (FZE)
2. Free Zone Company (FZCO)
3. Branch Company
4. Special Status Non Resident Offshore Company
Procedure to Setup Free Zone Company
(JAFZA) Jebel Ali Free Zone is one of the most popular, oldest and fastest growing free zone located on the western side of Dubai. It is in the process of becoming major business hub of the world having trade value of over $69 billion.
Minimum capital investment is not required
Liability of a shareholder is limited to his paid-up share capital
No restrictions on currency
No personal income tax
No corporate tax (for 50 years and renewable)
No import or re-export duty
100% foreign ownership
100% repatriation of capital and profits
No restrictions on foreign employees
Free Zone establishment can be formed by a single shareholder in JAFZA. Shareholder can be an individual or a company. Personal assets of shareholder are protected in FZE.
Companies who were established outside JAFZA having valid registration and license can form a branch within JAFZA. It conduct same business.
Under JAFZA Companies Regulations Act 2013, offshore company can be formed by an individual or company. It will be non-resident company having corporate legal existence.
Firstly you have to decide which type of company you intend to establish, then there is application and documentation work which is described below.
1. Application form for free zone company setup
2. Original as well as copy of passport of selected manger
3. Original as well as copy of passports of all individual shareholders
4. No objection letter from current sponsor of each UAE resident shareholder
5. Summary of the project
6. Application form and letter of undertaking for EHS (Environment Health and Safety)