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How to establish a company in Jebel Ali and its cost

How to establish a company in Jebel Ali and its cost

Some people ask about how to establish a company in Jebel Ali and its cost, as Dubai is the first emirate to pioneer the free zone model, by offering attractive privileges and a number of investment incentives to foreign companies, including the opportunity to own 100 percent of subsidiaries without imposing any taxes.

Dubai is also considered the business capital of the country, making it the first destination for investors and businessmen 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.

How

How to establish a company in Jebel Ali and its cost

Establishing a company in the Jebel Ali area in the United Arab Emirates There are several steps that you must follow because they facilitate the process of successfully establishing your company. You can contact Itqan Company for consultation on how to establish companies in Dubai. You must follow the following steps:

Study the market and prepare a business plan

Conduct a careful study of the market and determine the type of company you want to create, extract details of the services or products you will provide, identify the target audience, and analyze the competition. Based on this study, prepare a detailed business plan that includes objectives, strategies, required resources, and expected costs.

Obtaining a company license

It may be necessary to obtain a license to set up the company in Jebel Ali. Find out the licensing requirements and local legislation related to the type of company you want to establish, such as a local company or free enterprise. You may need to obtain additional permits and approvals from local authorities.

Choosing and registering a trade name

Select a trade name for your company and make sure it is available and not already in use. After that, register the trade name with the relevant authorities, such as the Department of Economic Development in Dubai.

Establishing the company and determining its legal structure

Determine the appropriate legal company structure, whether it is an LLC, partnership, or sole proprietorship. Prepare the required legal documents and obtain the approval of the competent authorities.
Obtaining construction and operating permits If you are planning to build a facility in Jebel Ali, you will have to obtain construction and operating permits from the local authorities.

Open bank account

Open a bank account in the company’s name and obtain the necessary bank details for the company’s financial dealings.
Work and residence visas: You may have to obtain work and residence visas for the employees you will employ in the company. You can cooperate with a specialized party to facilitate this process.

Compliance with local legislation

Ensure compliance with all local legislation and regulations in Jebel Ali and the UAE in general, including labor laws, taxes, accounting, consumer protection, etc. As for the cost, it can vary depending on several factors such as the type of company, its size, and its requirements. It is recommended that you consult with Itqan Company experts to estimate the cost of setting up your company in Jebel Ali. The consultant will explain the fees, taxes and other costs associated with the incorporation and operation process. These are the general steps for setting up a company in Jebel Ali. You should do detailed research in terms of contacting our experienced team to ensure full compliance with local requirements and obtain accurate and up-to-date information on costs and procedures.

Types of companies in Dubai Jebel Ali

Here is a table containing some types of companies in Dubai Jebel Ali, which are among the types of companies that you can establish in Dubai smoothly, and the types of companies are as follows:

Type of Companythe description
Sole proprietorshipA company owned and managed by one person, and the owner of the company is the owner himself.
Local companyA company whose shareholders are Emirati citizens and requires at least 51% Emirati partner.
Limited Liability Company (LLC)A company owned by a person or group of people and liability is limited to the amount of capital invested in the company.
Free companyA company owned 100% by a foreigner and considered a free zone exempt from some restrictions imposed on other companies in the Emirates.
Shareholding companyA company in which the capital is divided into shares and the shareholders own the company according to the percentage of financial contribution they own.
Partnership companyA partnership between two or more people who participate in the management of the company and share profits and losses and responsibility for them.
CompanyA branch of a parent company in another country that carries out trade or business activities in Dubai Jebel Ali with the authorization of the parent company.
multinational companyA company that people of different nationalities can participate in establishing and managing.

Please note that this table provides a simplified overview, and the requirements and laws for each type of company vary according to local legislation. Before making a final decision on the type of company you wish to establish, you should consult with Itqan’s experts who specialize in the field of investment in Dubai and company incorporation to obtain up-to-date legal advice in accordance with current legislation and your own circumstances.

Conditions for establishing a company in Dubai Jebel Ali

These are some of the basic conditions for establishing a company in Dubai, Jebel Ali. Contact the consultants of Itqan Company, which is one of the pioneers in the field of establishing companies in Dubai , to obtain accurate and updated information about the current conditions and procedures necessary to establish a company in Jebel Ali in Dubai. Here are some basic conditions related to establishing Company in Jebel Ali area in Dubai:

  • Company type: You must determine the type of company you wish to establish according to the available options, such as sole proprietorship, limited liability company, joint stock company, free company, etc. The type of company chosen must comply with the laws and regulations of the emirate.
  • Company name: You must choose a unique and appropriate name for the company. The Dubai Companies Law stipulates that you must register the name and ensure that it is not duplicated with any other company.
  • Capital: The capital invested in the company must be determined. Capital requirements vary depending on the type of company chosen and the business activity the company will undertake. Some special activities can require higher capital than others.
  • Local shareholding: If a local company is established in Jebel Ali, an Emirati partner must have a specified percentage of shareholding in the company. This percentage varies according to the company’s activity and the emirate’s legislation.
  • Location and office: The company must have a location and office in Jebel Ali, as the company needs a registered address and a place to manage its business and receive official correspondence.
  • Licenses and Permits: The necessary licenses and permits must be obtained to practice the chosen business activity. Licenses and permits vary according to the type of company and proposed activity.
  • Contracts and documents: The contracts and documents necessary to establish the company must be prepared, such as the social contract, contribution contracts, employment contracts, and others. These documents must comply with local legislation and laws.
  • Registration and Licensing: You must submit a registration application and obtain the necessary licenses from the relevant authorities, such as the Department of Economic Development in Dubai and other competent authorities.

Types

Types of companies in Dubai Jebel Ali

Advantages of Jebel Ali Free Zone Company

Establishing a free zone company in Jebel Ali provides many advantages that make it an attractive option for companies and investors. Here are some key features:

  • Full Ownership: Jebel Ali Free Zone Company allows 100% ownership of the company by foreign investors, without the need for a local partner. This allows investors to have full control over the company’s operations and make decisions freely.
  • Customs and tax exemption: Companies in the Jebel Ali region enjoy customs exemption on their imports and exports, in addition to tax exemption for a specific period. This helps reduce operational costs and enhance company profitability.
  • Ease of establishment and operation: Establishing a company in the Jebel Ali region is done quickly and with relative ease. Simple and streamlined procedures for registration, licenses and permits provide a flexible and user-friendly business environment.
  • Advanced infrastructure: Jebel Ali has a developed infrastructure that provides all the necessary facilities for companies, such as modern offices, warehouses, logistics areas, communications and transportation infrastructure.
  • Easy access to global markets: Jebel Ali is located in a strategic location close to Jebel Ali Port and Dubai International Airport, which facilitates access to global markets and contributes to facilitating import and export operations.
  • Benefit from flexible operating laws: Jebel Ali offers a flexible regulatory environment and lenient commercial laws. This allows companies greater freedom to organize and shape their business and implement growth strategies.
    These are some of the features that make Jebel Ali Free Zone Company an attractive choice for companies and investors. However, you should take into consideration that there are laws and regulations governing the operation of free zone companies, and these laws may vary based on local developments and government laws. It is recommended to consult with a competent legal advisor or accountant to obtain accurate and up-to-date information about the current features and procedures necessary to establish and operate a company in the Jebel Ali area of ​​Dubai.

Why start your business and company in Dubai?

There are several reasons why Dubai is an ideal destination to start a business and establish a company, as Dubai’s economy enjoys strong growth and thriving business dynamism. Dubai is considered a global center for business and trade, and provides broad opportunities for growth and prosperity in various economic sectors. In addition, Dubai has a modern and advanced infrastructure, including roads, airports, ports and communications, which facilitates establishing business and facilitating import and export operations.

Moreover, Dubai is located in the heart of the Middle East and is considered an important center for trade and communication between East and West. The strategic location and easy access to global markets facilitate business expansion and customer base, as Dubai adopts an open economic policy and pro-business legislation. Flexible laws and simple procedures provide a favorable business environment for establishing and operating companies.

Dubai is a multicultural and futuristic environment, attracting talent from all over the world. This diversity can be used to form diverse work teams and exploit different experiences. Dubai also enjoys political and security stability, which gives investors confidence and reassurance to establish and grow their businesses in a safe and stable environment. Dubai also provides a diverse and exciting lifestyle, with a wide range of social and cultural events and events. Miscellaneous. Investors can enjoy life and work in a distinct and stable environment.

Types of free zones in Dubai

Dubai offers several free zones aimed at encouraging investment and promoting business. The following are the types of free zones in Dubai :

Jebel Ali Free Zone, which is considered one of the largest free zones in the world, provides an integrated commercial environment for industrial, logistical and commercial companies. Featuring advanced infrastructure and modern facilities, JAFZA offers benefits such as foreign direct investment, tariff reductions and simple company set-up procedures.

In addition to the Dubai Investment District, the Dubai Investment District extends across several locations in Dubai, and provides a diverse investment environment for companies in various sectors. DI’s areas include Dubai Technology and Investment Zone (DTTI), Dubai Investment City (DIC), Dubai Aviation Zone (DAFZA) and others.

And also the Technopark Zone in Dubai, which is considered a free zone specialized in the field of technology and innovation, as it aims to support startups and innovative companies in fields such as biotechnology, robotics, artificial intelligence, and clean technologies. Technopark provides advanced infrastructure, office space and co-working facilities for startups.

There is also the Dubai Media Zone (DIC), which is considered a free zone specializing in the media industry, media production and technology. DIC provides a premium environment for companies in the TV, film, publishing, advertising and marketing industries, offering benefits such as local and international hosting and dedicated media licenses.

At the conclusion of our article, establishing a company in Jebel Ali Free Zone represents an important opportunity for those wishing to enter the business market in Dubai. This region provides an ideal business environment for SMEs, offering a wide range of competitive advantages such as access to the Middle East and North Africa market, no income taxes or customs duties, in addition to advanced infrastructure and distinguished services.

The cost of establishing a company in Jebel Ali Free Zone varies according to the type of company and its activity, and consists mainly of registration fees, licenses, and fees for additional services. Companies can benefit from government facilitation programs and promotions offered by the Authority to attract investors.

In short, establishing a company in Jebel Ali Duty Free is a promising investment that provides companies with the opportunity to grow and expand in the Dubai market and the surrounding area. The distinguished business environment and competitive costs provide a suitable environment for success and prosperity in the business world.

Frequently asked questions about establishing a company in Jebel Ali

What are the basic steps to establish a company in Jebel Ali Free Zone?

  • An application to establish a company must be submitted to the Jebel Ali Free Authority.
  • Obtaining the necessary approvals from the concerned authorities.
  • Signing the necessary contracts and agreements.
  • Tax registration and obtaining work permits.

Are there government facilities or promotions for investors who want to establish companies in Jebel Ali?

Yes, Jebel Ali Free Authority offers promotional programs and facilities to attract investors, such as tax exemptions and support services for startups.

What are the competitive advantages of establishing a company in Jebel Ali Free Zone?

  • Access to the Middle East and North Africa market.
  • No income taxes or customs duties.
  • Advanced infrastructure and distinguished services.

What are the commercial activities that can be practiced in Jebel Ali Duty Free?

A wide range of business activities can be practiced in Jebel Ali Free Zone, such as logistics, general trade and manufacturing.