Starting a business in JAFZA, the world’s largest free zone, requires careful consideration of several factors. For many entrepreneurs, the process can be overwhelming, especially when it comes to obtaining the necessary approvals from various Dubai authorities. The Dubai Approvals Team is here to make this journey easier for you. We specialize in helping businesses navigate the approval process, including securing JAFZA approval, without the hassle or delays. Our expert team will guide you through the necessary steps, ensuring you join the ranks of top global businesses thriving within the JAFZA community. Let us help you set the foundation for your success in one of the world’s leading business hubs.
Why Choose JAFZA?
JAFZA, established in 1985, is the largest free zone in the world. With its attractive policies that benefit investors, more than 7,000 companies have chosen to base their operations in this prime location. JAFZA is strategically designed to provide the perfect environment for setting up offices, warehouses, outlets, business parks, and employee hostels. Its dynamic potential makes it a highly appealing choice for investors. Some of the key benefits and policies of JAFZA include:
- No restrictions on workers from any country: JAFZA welcomes employees from all over the world.
- No personal income tax: Investors and employees do not face personal income tax obligations.
- Use of foreign currencies is allowed: Transactions can be conducted in any foreign currency.
- No import or re-export duties: JAFZA exempts businesses from import or re-export duties.
- Onsite customs services: JAFZA offers the convenience of having customs services directly on-site.
- Corporate tax exemption for 50 years: Businesses in JAFZA are granted a 50-year exemption from corporate tax.
- Total foreign ownership: Full foreign ownership is permitted in JAFZA, making it an ideal location for international investors.
What Documents Are Needed to Establish a Business and Obtain JAFZA Approval?
To secure JAFZA approval for your business, a variety of documents and information about your company setup are necessary. Although the process may appear detailed, it ensures that only qualified and eligible applicants are granted approval. Below are the key requirements to complete your JAFZA application:
- Completed Application Form: The first step is to submit a fully filled-out application form for your business setup within JAFZA.
- Letter of Intent: You’ll need to provide a letter of intent that clearly outlines the nature of your proposed business and the type of setup you are aiming for in JAFZA.
- Passport Copies and CVs: Copies of passports for all shareholders and the manager, along with their professional CVs, are essential.
- No Objection Certificate (NOC): If applicable, you must provide an NOC from your current sponsor, especially if you are on a UAE residence visa.
- Bank Reference Letter: A bank reference letter is required from each shareholder to confirm their financial standing.
- Approval from Relevant Authorities: In certain cases, you may also need an approval letter from a third-party authority, depending on your business activities.
These documents and approvals are necessary to ensure compliance with JAFZA’s regulations and secure a smooth approval process for your business.
Our team of professionals is ready to assist you with all your approval needs. Contact us now to benefit from our expert guidance and seamless service. We're here to make your approval process smooth and hassle-free!
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