Learn how to set up a company in Jebel Ali and its cost because Jebel Ali Free Zone in Dubai is considered one of the most important economic destinations in the Middle East, as it provides an ideal environment for companies and investors from all over the world. If you are thinking of establishing your company in this region, cooperating with Itqan Company is a wise step that guarantees you a smooth and hassle-free establishment process. Itqan provides integrated services that include legal and administrative consultations, which contributes to reducing costs and speeding up procedures. In this article, we will review how Establishing a company in Jebel Ali area And the costs associated with this process, with a focus on the role that Etqan plays in facilitating these steps.

How to set up a company in Jebel Ali

Establishing a company in Jebel Ali area In Dubai, it is considered a strategic step for entrepreneurs seeking to benefit from the flexible business environment and tax exemptions. Here are the steps to establish a company in Jebel Ali in detail:

Specify the type of activity and company

Before you start the incorporation process in Dubai, you need to decide what type of business you want to do and what type of company you want to establish. This essential step ensures that your business complies with local regulations. Common types of companies include a Limited Liability Company (LLC), which provides legal protection to shareholders, a branch of a foreign company, which allows international companies to expand their operations in Dubai, and a representative office, which allows foreign companies to study the local market without conducting direct business activities. Each of these types of companies requires specific legal procedures and comes with a set of advantages and limitations that must be considered.

Choosing a trade name

Choosing a trade name is an important step when establishing your company in Dubai. The name must be consistent with your business activity and comply with the terms and conditions of the free zone or the Department of Economic Development in Dubai. The name must be unique and not used by another company, and must not contain inappropriate words or violate local customs and laws. It is also preferable for the name to reflect the identity and activity of the company, which makes it easy to distinguish it in the market and enhances its brand. Make sure to check the availability of the name and register it officially to ensure your legal rights to use it.

Submit an application for establishment

To establish your company in Jebel Ali Free Zone (JAFZA), you must submit an application for incorporation to the Free Zone Authority. This requires the submission of a set of basic documents, including a fully completed application form, a copy of the passports of the founders and directors, and a brief business plan outlining the company’s objectives and activities, as well as details of the partners and ownership percentages. Ensuring that all required documents are submitted accurately will enhance the speed and smoothness of the incorporation process and obtain the necessary approvals to conduct your business.

Get approvals

Once you submit your application to Jebel Ali Free Zone Authority (JAFZA), the relevant authority will review the documents and ensure that they meet all the conditions and requirements. Approvals from other government entities may also be required, depending on the type of business activity you intend to undertake. The review process includes ensuring that the documents are valid and that the proposed business activity complies with local laws and regulations. Once all the required approvals are complete, you will be able to move on to the next steps in your company formation process.

company Registration

After obtaining the necessary approvals, the company is officially registered in the Jebel Ali Free Zone (JAFZA) Companies Registry. This process involves paying registration fees that vary depending on the type of company and the size of the business. Registering a company gives it legal personality and enables it to start practicing its commercial activities in the free zone in a legal and organized manner. Make sure to pay the required fees and receive the official certificates and documents proving your company’s registration.

License Issue

Once your company is registered in the Jebel Ali Free Zone (JAFZA) Companies Registry, you will be issued a trade license that authorizes you to conduct business in the free zone. This license is the official document that allows your company to operate legally and in a regulatory manner. It should be noted that the trade license requires annual renewal to ensure that the company remains fit to conduct its business without interruption, and renewal involves paying the required annual fees and complying with any legal or regulatory updates.

Open a bank account

After establishing your company and obtaining the necessary licenses, you can open a business bank account in the name of the company at one of the local banks in the Jebel Ali Free Zone (JAFZA). You will need to provide your company registration and trade license documents, as well as information about the shareholders and directors. The account is opened to enable you to manage your company’s financial transactions effectively and facilitate collection, payment and investment processes. Make sure to choose the right bank that provides financial services that meet your company’s needs and is compatible with the requirements of operating in the free zone.

Types of companies in Dubai Jebel Ali

in Jebel Ali area in DubaiThere are different types of companies available that investors can choose from according to their needs and business strategies. These types include:

Conditions for establishing a company in Dubai Jebel Ali

that Company formation in Dubai It is subject to some basic conditions and requirements that must be met, including:

• Type of Company: You must select the appropriate type of company for your business, such as a limited liability company (LLC) or a branch of a foreign company.
• Citizen Partner: In the case of a Limited Liability Company (LLC), there must be a local partner who owns a percentage of the company.
• commercial activities: The company’s activity must be defined and ensured to comply with local laws and regulations.
• Trade Name: The business name chosen should be unique and not similar to any other company in the area.
• Licenses and approvals: Some business activities may require special approvals from the relevant authorities before establishing the company.
• Contracts and documents: The necessary contracts and documents for establishing the company must be submitted, such as the company’s articles of association and personal statements of the partners.
• Capital required: The necessary capital must be provided according to the type of company and its activity, which may change depending on the type of company.
• Head office: A valid head office address must be provided to be used as the company’s registration address.
• Insurance subscription: The company must subscribe to employee health insurance and public liability insurance.
• Compliance with laws and regulations: The Company shall comply with all local and international laws and regulations applicable in the region.

Advantages of establishing companies in Jebel Ali Free Zone

Establishing a Jebel Ali Free Zone company offers several advantages compared to offshore companies, some of which are:

1. Full ownership: Allows foreign investors to fully own and manage the company without the need for a local partner.
2. Exemption from taxes: Companies enjoy a tax exemption on profits for up to 50 years, with the possibility of renewal.
3. Advanced infrastructure: Jebel Ali Free Zone provides advanced infrastructure that supports business operations such as transportation, communications and logistics.
4. Easy incorporation procedures: Provides easy and fast incorporation procedures for establishing companies.
5. Freedom to transfer money: Allows free money transfer inside and outside the UAE without restrictions.
6. Access to regional and global markets: It provides opportunities for companies to access regional and global markets thanks to its strategic location.
7. Legal flexibility: Provides a flexible legal environment that allows the application of recognized international laws.
8. Exemption from customs duties: Companies enjoy exemption from customs duties on imports and exports.
9. Access to migrant workers: It easily allows companies to hire skilled and specialized expatriate workers.

Why start your business and company in Dubai?

Many companies start their business and establish their companies in Dubai for many reasons and they do Company formation in Jebel AliThese reasons are represented in the following points:

1. Strategic location: Dubai is located in the heart of the Middle East and is considered a center of trade and economy in the region, providing extensive opportunities to access different markets in the world.
2. Advanced infrastructure: Dubai has a well-developed and modern infrastructure that supports businesses including transportation, communications and logistics.
3. Stable economic environment: Dubai has a stable economic environment and flexible business laws that attract foreign investment.
4. Modern legislation: Dubai has modern and flexible legislation that facilitates company establishment procedures and encourages innovation and investment.
5. Vital investment climate: Dubai offers a vibrant and competitive investment environment that attracts entrepreneurs and global companies.
6. Cultural and linguistic diversity: Dubai’s cultural and linguistic diversity attracts diverse talent and facilitates access to global markets.
7. Religious and cultural freedom: Dubai offers a religiously and culturally free and open environment that encourages innovation and creativity.

Cost of setting up a company in Jebel Ali

that Cost of setting up a company in Jebel Ali It depends on several factors, including the type of company, the size of the business, and the services required. The cost of setting up a company usually includes incorporation and registration fees, the costs of obtaining the necessary licenses and approvals, in addition to the costs of the office, equipment, labor, and others.

You can get an initial cost estimate by contacting local consulting firms or legal firms specializing in company formation in Jebel Ali. It is best to consult a financial or legal advisor to get an accurate cost estimate based on your specific situation and company requirements.

At the end of our article, with your choice to Put your foot on the path to prosperity and success in the Emirate of Dubai. Jebel Ali Free Zones are characterized by an inspiring and flexible investment environment that supports you in achieving your business goals. It is easy to start procedures, and you can benefit from tax facilities and customs exemptions, in addition to the advanced infrastructure that supports businesses effectively. Thanks to these opportunities and advantages, you can build a successful and prosperous company in the heart of the Emirate of Dubai, and contribute to the growth and continuous development of the region’s economy. Contact us, we are one of the best companies that work on establishing companies in the Emirates in general.