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JAFZ Factsheet Final .pdf


Original filename: JAFZ-Factsheet-Final.pdf
Title: JAFZ Factsheet

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jafza

“true joy is that which comes from progress
and success” – HH Sheikh Mohammed
JAFZA is one of the largest and fastest growing free zones in the world.
As the leading business hub of the Middle East, JAFZA provides world-

Key features

class

infrastructure

supported

with

value-added

services

and

incentives.
th

*

Ready access to world’s 8
largest cargo airport.

*

Co-located with the world’s
largest manmade port

*

Upcoming GCC rail
connectivity through Union Rail

*

Vibrant business community of
over 7100 companies

*

Excellent infrastructure and
logistics

Established in 1985, JAFZA today is spread over an area of 48 square
kilometres and is home to over 7100 companies from across the world,
including over 120 of the Fortune Global 500 enterprises.
The JAFZA port has the capacity to handle 15 million containers
annually and is serviced by more than 170 shipping lines, thus making
it the preferred destination to send and receive sea freight to any port
in the world.

*

Full Free Zone benefits

Being one of the largest Free Zones in Dubai, JAFZA has now developed
into a business community within itself.

1
2

Over 7100 companies,
including 120 of the Fortune
500, have their presence in
JAFZ.

Excellent port
facilities
JAFZA offers all free zone
benefits, with the added
advantage of being located

to

premises

mortgage
to

a

bank

your
or

financing company.

FREE ZONE BENEFITS

In addition to this, companies can

• 100% foreign ownership.

network of double-tax avoidance

avail benefits from the extensive

• 0% corporate tax for 50 years
(a

concession

that

is

renewable).
• No

• 0%

restriction

import

treaties that the United Arab
Emirates

on

capital

or

re-export

with

countries worldwide, including
Singapore,

China,

Malaysia,

and Holland.
Dubai

• 0% personal income tax.
• No currency restrictions.
on

foreign

offers

the

additional

benefits of a very high standard
of living and a vibrant expatriate
community
over

restriction

signed

Canada, Germany, Italy, Austria

duties.

• No

has

countries such as India, Pakistan,

repatriation.

2

• Ability

• Onsite Customs.

within Dubai…

Recommended for
established trading &
industrial ventures, high
growth trading startups

Leased land for
industry

180

with

people

nations

living

from
and

working in the region.

talent or employees.
© KPI Business Advisors & Consultants

TYPES OF LICENSES

DOCUMENTATION

Trading |Services |Industrial |

Individual Shareholder

Logistics

TYPES OF COMPANIES
FZE – Single shareholder, minimum
one share of AED 1,000,000
FZCO – 2-5 shareholders, minimum
capital of AED 500,000
(corporate shareholding is allowed)
BRANCH – of a foreign/UAE

Personal KYC
Board Resolution calling for the

REGISTRATION AND
LICENSING COSTS
Registration (one time) –
FZE – US$ 2,725

establishment of the entity

FZCO – US$ 4,100

Letter from the bank confirming

Branch – US$ 1,370

deposit of share capital
Other routine documentation
viz. application forms, specimen
signatures etc.

Annual Licensing -

Specific Trading/Industrial
License – US$ 1,500-2.500

company.

Corporate Shareholder

Service License – US$ 2,200

OFFICE BEARERS

Corporate KYC duly attested

General Trading/Logistics

from the UAE Embassy

License – US$ 8,200

Board Resolution calling for

VISAS

2-5 Directors
One Manager
One Secretary

FACILITIES OFFERED

the establishment of the

Based on size of facility availed,

entity

usually around 80 sq.ft. per visa.

Letter from the bank confirming

Standard Offices – starting from 27

deposit of share capital (does

sq.mts at US$ 500-685 per sq.mt.

not apply in case of branch

Warehouses/Light Industrial Units –

companies)

from 313 sq.mts at approx.. US$ 190

Other routine documentation

per sq.mt.

viz. application forms, specimen

Leased Land – starting from 5,000
sq.ft. at US$ 5.50-22 per sq.ft.

signatures etc.

TAXATION
No corporate tax or capital gains,
no personal income tax or any
other tax levied by the authority.

FINANCIAL STATEMENT AUDIT | BUSINESS CONSULTING | MARKET ENTRY STRATEGIES | CORPORATE SERVICES |
ENTERPRISE RISK MANAGEMENT | BUSINESS PROCESSES & KPI’s | CFO SERVICES | ERP IMPLEMENTATION
Enabling Performance. Discovering Value

3

© KPI Business Advisors & Consultants

ABOUT KPI

another Audit firm in Dubai, one of

KPI, an Audit and Advisory firm in

the emerging market leaders. The

Dubai, as a practice has more than

firm

two decades of heritage that we are

business partner in the GCC and Mr.

proud of; one that has seen economic

Kamath

highs and lows, along with the rise of

Practice in the merged entity.

Dubai and United Arab Emirates to
international prominence.

year 1992 in the UAE. The firm grew
quickly in fame among clients and
the industries it operated in. In
addition to regular audits, clients
approached

the

firm

for

many

advisory and consulting activities for
feasibility studies, due diligence,
market

research

and

headed

into
the

a

valued

Consulting

In December 2011, the practice was
spun off from the merged entity and

Kamath Auditing was formed in the

KPI has a pedigree and a sound
track record of consistency in
providing advice tailored to your
needs…

transformed

valuation

projects.
In 2001, the firm was merged with

re-branded as KPI.
KPI is an independent member of
GMN International, an association of
carefully

selected

professional

accounting firms established and
respected in their own countries.
GMN International has 70 offices in
more

than

Europe,

32

countries

across

North

America,

South

America, Asia Pacific, Africa and the
Middle East.

Contact Us
Suite 3108, The Citadel, Business Bay
P.O.Box 121395, Dubai, United Arab
Emirates
Tel: +971 4 455 1010
Fax: +971 4 455 1011
admin@kpi-global.com

DISCLAIMER
While every effort has been made to ensure that the most recent and pertinent
information is available on this site, it is possible that some of this information
may have changed after it was posted here. Please note that this information does
not constitute legal or professional advice. Please write to us at admin@kpiglobal.com for the latest information and appropriate advice.
GMN International is an association of legally independent accounting and
business advisory firms. Each firm is a separate and independent legal entity and
as such has no liability for the acts or omissions of any other associate firm. GMN
International is the brand name for GMNI Coordination Limited (GMNICL), a UK
company limited by guarantee which provides coordination services to its
members. GMNICL does not provide, supervise or manage services to clients and
is not responsible or liable for the acts or omissions of any of its members nor can
it control the exercise of their professional judgment or bind them in any way.
Services are delivered to clients by the members of GMNICL. GMN International
is an association and does not fall within the definition of "network" under the
International Federation of Accountants (IFAC) Code of Ethics, Section 290 and the
European Union Statutory Audit (revised 8th Company Law) Directive.


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