You must have heard about the famous JAFZA Zone in Dubai which is one of the most famous business destinations for entrepreneurs and business owners. Setting up a successful business is not an easy task until you work on the right components. One such component is the business area. Choosing a business area that offers you healthy competition is very crucial. When you are surrounded by good business-friendly laws and workable spaces then it becomes easy to operate a business successfully.
If you are planning to set up a fresh business in Dubai then keep in mind that there are certain things that you must know. TASC Corporate Services will help you build a strong base by guiding you throughout the business set-up process. Here, in this post, we will tell you everything about the JAFZA company setup and how you can set up a successful business in this area.
More about JAFZA
On the southwest corner of Dubai, there is a place called Jebel Ali Free Zone, which is the largest and oldest business community in the region. For many people, starting a business in JAFZA and running it effectively is the realization of a dream.
JAFZA, commonly referred to as Jebel Ali Free Zone, was founded in 1985. In 1990, light industrial services were added as it later extended its activities. The first free zone to be developed in Dubai and to receive an ISO certification is JAFZA. One of Dubai’s most sought-after destinations is JAFZA, which boasts a distinguished history and first-rate facilities.
Businesses can create collaborations in a beneficial environment at the conference center complex in the Jebel Ali Free Zone. JAFZA offers excellent business resorts and towers that are designed to meet the demands of corporations in addition to these services.
How to set up a successful business in JAFZA?
Choose your business name wisely
Dubai, United Arab Emirates, has stringent regulations, especially when naming a firm or business. The name you decide on ought to be original and accurately describe the type of business you intend to run. Furthermore, no reference to Allah or any other deity should be made. Additionally, use the person’s entire name rather than an acronym or nickname if you want to name the business after them. Last but not least, the name needs to be registered and genuine. If you face any problem with the name suggestions then professionals at TASC Corporate Services will help you pick a better name that adheres to the laws and regulations.
Decide the proper activity for your business
Your success will largely depend on the type of business you choose. Businesses can take advantage of many opportunities and infrastructure facilities in the Jebel Ali free zone. A good example would be a warehouse. After taking into account JAFZA’s amenities and connectivity, it will be advisable to select an activity.
The license you need to apply for will also depend on the company activity you choose. A real office location will also be needed for some tasks. To do this, you must sign a contract and register with the appropriate authorities.
Understand and then choose the legal structure
Selecting an acceptable legal structure comes after you’ve decided on your business’s name and activity. A branch office, a free zone establishment (FZE), a free zone corporation (FZC), and other legal corporate forms are all permitted by JAFZA. Professionals from the Shuraa can advise you on the optimal structure for your needs and can explain the differences between different structures.
Apply for a license
Organizing your paperwork, compiling your company plan, and submitting a license application are the following steps. The JAFZA issues a variety of licenses, including industrial, service, and trading licenses. Additionally, it provides various licenses like an innovation license or an e-commerce license.
Select the license that most closely matches your company’s operations. But depending on your activity, you might need to get initial authorization from the authorities before applying. In the same vein, you might also need to take a break or rent an office to function. You can lease real office space and obtain the necessary initial approvals with the aid of TASC Corporate Services.
What benefits will JAFZA offer you?
Business perfect environment
JAFZ is an investors’ paradise, offering more advantages than any other free zone in the UAE and equipped with the ideal environment for starting and growing a business in the UAE. The prime location offers a variety of advantages and is outfitted with every convenience needed to grow a modest, fledgling company into a prosperous, massive organization.
Welcomes all business activities
The free zone’s regulatory agency, JAFZA, encourages all forms of commercial activity by issuing five distinct kinds of trade licenses: those for trading, services, industry, logistics, and e-commerce. Each JAFZA license has a 1-year renewable validity period starting on the day it was issued, opening the door to a wealth of possibilities across around 17 sectors.
Robust logistic systems
If your company needs a strong logistics system, JAFZA is a pleasure for your senses, complete with a hybrid transport infrastructure connecting land, sea, and air. The free zone provides more than 150 shipping companies with a capacity of over 19 million cargo annually, boasting one of the best ocean connections in the world. Transporting freight from the free zone within Dubai and between the emirates is quick and safe because of Al Maktoum International Airport, one of the world’s largest cargo airports, and the nearby expansive 6-lane motorway.
Business powerhouse
JAFZA is a Free Zone for business owners and investors, bustling with more than 8,700 firms from around 130 nationalities, including more than 100 Fortune Global 500 corporations. The jewel in DP World’s crown, Jebel Ali Free Zone is the biggest customs-bonded zone in the Middle East, a prime location for international trade, and a top provider of complete business setup solutions.
Final words
One of the most customer-focused and service-driven free zones, JAFZA provides a lively, dynamic working environment. More than 32% of the UAE’s foreign direct investment goes to JAFZA, which is dwelling thousands of businesses from across the world and is unquestionably the best place to start a business. For successful JAFZA company formation, you simply need to adhere to suitable organization and authentication procedures. You can set up your firm with complete convenience and the appropriate authentication with the aid of TASC Corporate Services.
