Jafza Reports 8% Growth in Registered Companies
Jebel Ali Free Zone (JAFZA), the flagship free zone entity of Dubai and the trade and logistics hub for the wider East Region has seen an eight percent increase annually between 2011 and 2015 in the number of new registered companies.jabel-ali-port
Sultan Ahmad Bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation stated that the free zone continues to attract foreign investment and capital and attributed the growth to persistent efforts in providing customers with an integrated work environment and infrastructure ensuring manufacturing, packaging, warehousing and logistical efficiency.
He added that the foreign investment in key economic sectors within Jafza assist in driving other sectors and adding value to the local economy and played a key role in supporting and promoting economic development in Dubai.
Key features and benefits of Jebel Ali Free Zone companies include:
100% foreign ownership
0% corporate tax for a period of 50 years
Unrestricted repatriation of capital and profits
0% import or re-export duties
0% personal income tax
No currency restrictions
No restriction on hiring foreign employees
It is the only jurisdiction where entities can own property in the UAE
A company in JAFZA can opt for a total of seven activities under a similar business activity group, up to 12 activities under two different business activity groups or up to 17 activities under three different business activity groups.