JAFZA Companies will be good for those who:
– need trading company;
– plan to conduct import&export activity of goods through UAE;
– need to use logistic services.
Types of Company:
Free Zone Establishment (FZE) – company with one shareholder;
Free Zone Company (FZC) – companies with 2-5 shareholders;
Free Zone Branch – can be branch of the foreign company or company registered in UAE outside JAFZA.
payment of the share capital is not required
AED 1,000,000 ($274,000) for FZE;
AED 500,000 ($137,000) for FZ LLC;
not required for the Branch.
there are 6 types of licenses:
1)Trading Licence – max 7 products from one group;
2) Trading Licence – max 12 products from 2 groups;
3) Industrial Licence;
4) Service Licence ;
6) General Trading.
Service and Logistics licenses can be granted to branch companies of UAE companies only (the mother company should be registered not in UAE free zones).
Requirements for the Shareholder/ Director:
there are no requirements for the residency/citizenship of the shareholder/director. Corporate foreign shareholder is allowed. Corporate director is prohibited.
rent of the actual office is a must. Office must be rented in the same free zone (JAFZA) and will be provided by the free zone authority. Min office space is – 26,88 sq m (AED 1800/sq m per year ). There are other offices with different sizes AED 1900-2500/sq m per year. Lease agreement must be signed before the license will be issued.
company with the min office space is entitled to 4 visas. Each additional 9 sq m + 1 visa
Accounting and Auditing:
accounting is not required. Audit report must be submitted once a year
Walton Consultants DMCC