Read this before starting a company in JAFZA

In Dubai, establishing a company in the Jebel Ali free zone, commonly known as JAFZA, is an excellent choice for those seeking a more promising future. According to reports, the JAFZA draws more than 32 percent of the UAE’s foreign direct investment, with a total transaction value of $87.6 billion. It is also said that JAFZA provides 21 percent of Dubai’s GDP and employs a large number of individuals. As a result of these advantages, establishing a company in the Jebel Ali Freezone has proven to be a worthwhile effort. There are, however, three fundamental things you should be aware of before starting a company in the Jebel Ali free zone.

Listed below are the three things you must learn about before starting a company in the Jebel Ali Free Zone: 1.

The Jebel Ali Free Zone is home to the most successful business community in the Middle East and North Africa (MENA).

The JAFZA freezone was the first freezone to be created in the MENA area. Aside from that, it is the first freezone in the world to be awarded ISO certification. The freezone of Jebel Ali has made significant contributions to the economic development and commercial progress of the MENA area in recent years. JAFZA has been in operation since 1985, when it housed just 19 businesses. Today, it houses approximately 7000 enterprises from all over the globe. Every kind of company, from Fortune 500 corporations to SMEs and multinational industries, may be accommodated at JAFZA!

In terms of transportation, the Jebel Ali freezone serves as a hub.

As a result, JAFZA is located near the world’s busiest port, the Jebel Ali Port, which handles about 15 million containers each year across 170 shipping routes. In accordance with reports, the JAFZA freezone is responsible for regulating 50% of Dubai’s exported goods and 30% of Dubai’s imported goods. The strategic position is also near to the Al Maktoum cargo airport as well as the Dubai International Airport, which is known as the busiest cargo airport in the world due to the volume of cargo that passes through. Additionally, JAFZA is served by a 6-lane modern roadway, which facilitates mobility while also streamlining corporate processes.

Publicly traded companies are available in the Jebel Ali freezone (PLC)

Free Zone Establishment (FZE), Free Zone Company (FZCO), and Branch Companies are all legal entities that have been consolidated under one regulation by the JAFZA administration. Businessmen and investors now have more freedom thanks to new legal definitions such as Public Listed Companies, which were established by the JAFZA authority (PLC). According to the new legislation, businesses may reorganise their business operations by converting from a FZE or FZCO to a PLC or vice versa, according on their needs. Companies turning into a publicly traded firm provide more stability in the business environment, which has increased the demand for company creation in the Jebel Ali free zone even further.