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Company Formation in JAFZA Overview and Rights

A Company is the most common entity used by businesses for a variety of reasons. By forming Company in JAFZA, it provides corporations, individuals and foreign investors with limited liability protection. <br>Visit: https://www.stalawfirm.com

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Company Formation in JAFZA Overview and Rights

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  1. Company Formation in JAFZA: Overview and Rights

  2. A Company is the most common entity used by businesses for a variety of reasons. By forming Company in JAFZA, it provides corporations, individuals and foreign investors with limited liability protection. It also offers legal continuity to business operations regardless of changes in ownership or management.

  3. Legally, a company get formed by registration under the Company Law administered by JAFZA Authority. The company can be incorporated as either a Limited Company or Branch Company depending on the nature of the activities carried out in Jebel Ali Free Zone Area (JAFZA) through the local representative office. In addition, the company can open a Trading Account at Dubai Islamic Bank, which offers corporate banking services in UAE and operates from its building located behind Safeer Mall without being subject to any restrictions under Company Law. The company should also note that the company is not allowed to open a Current Account in Dubai Islamic Bank. However, the company can keep the Company Cash Deposit with the JAFZA Branch of other Banks approved by Central Bank of UAE to accept Company Cash Deposit, subject to the required documents and procedures specified by the respective bank.

  4. JAFZA Authority has developed Company forms for a Limited Company and Branch Company using the English language as a medium of official communication to make it easy for applicants to apply Company Law. In addition, all necessary supporting documents for submission are listed together with their requirements which facilitates the applicant's preparation process. All forms and guidelines issued by JAFZA Authority can view & downloaded directly from their website or obtained directly from their office. Company Formation in JAFZA gets processed within 48 hours after Company formation documents have been thoroughly scrutinized. The company can speed up the Company registration process by opening a Trading Account at Dubai Islamic Bank, and it takes only two working days to open a Company account.

  5. Get in Touch https://www.stalawfirm.com

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