Before venturing into business within JAFZA, recognized as the world’s largest free zone, a multitude of factors must be meticulously considered. Embarking on this journey can be overwhelmingly daunting for many aspiring entrepreneurs due to the necessity of securing a variety of Dubai Approvals. Our dedicated entity, the Dubai Approvals Team, specializes in assisting such clients to seamlessly obtain Dubai approvals, including the crucial JAFZA Approval, without encountering any complications or delays. By partnering with our company, you will seamlessly integrate into the prestigious JAFZA community, which stands as a host to some of today’s foremost global enterprises.
What Makes JAFZA an Optimal Choice?
Established in 1985, JAFZA holds the distinction of being the world’s largest free zone. Fostering an environment brimming with policies favorable to investors, it accommodates over 7000 companies. JAFZA’s distinctive design caters to diverse needs, providing ideal spaces for offices, warehouses, outlets, business parks, and employee accommodations. The dynamic and promising outlook of JAFZA adds to its appeal for potential investors.
Among the enticing policies that characterize JAFZA are the following:
Absence of worker restrictions based on nationality.
Exemption from personal income tax.
Acceptance of foreign currencies from any nation.
No levies on import or re-export activities.
Presence of on-site customs facilities.
Exemption from corporate tax for a remarkable 50-year period.
Full allowance of foreign ownership.
Essential Documentation for Business Setup and JAFZA Approval The journey to acquiring JAFZA approval entails the submission of various essential documents and particulars pertaining to your business setup. While the process may appear intricate, it ensures that only deserving and qualified individuals secure approval. Key prerequisites encompass:
An application form for initiating business within JAFZA.
A letter of intent specifying your intended setup for JAFZA approval.
Copies of passports and CVs for the manager and all shareholders.
No Objection Certificates (NOC) from sponsors and bank reference letters for each shareholder.
In specific cases, an authorization letter from a third-party authority may also be requisite.