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Steps to establish a company in Jebel Ali

Steps to establish a company in Jebel Ali

In the heart of the Emirate of Dubai, the Jebel Ali area is located as one of the vital and developed industrial areas in the United Arab Emirates. Jebel Ali is home to many companies and factories operating in a wide range of sectors, from heavy industry to logistics and distribution. For those wishing to benefit from this thriving investment environment, establishing a company in Jebel Ali requires following a series of basic steps that include identifying the appropriate business activity, choosing the legal form of the company, and obtaining the necessary licenses and permits from the local authorities. Thanks to its advanced infrastructure and strategic location, Jebel Ali is an ideal choice for companies seeking growth and expansion in the regional and international market. This article presents precise steps for establishing a company in Jebel Ali, helping investors and entrepreneurs plan effectively and succeed in starting their business in this dynamic industrial environment.

Steps

Steps to establish a company in Jebel Ali

Steps to establish a company in Jebel Ali

Establishing a company in Jebel Ali , a vital part of the Emirate of Dubai, requires following a series of basic and legal steps. Here are the steps to establish a company in Jebel Ali:

  1. Choosing a company type: Before starting, choose the right company type for your business, such as a limited liability company (LLC) or a free zone company. Legalities and requirements vary based on the type of company you choose.
  2. Company name reservation: Submit a request to reserve the company name with the Dubai Economic Development Department (DED). The name must be unique and comply with local regulations.
  3. Preparing and submitting the articles of incorporation: Prepare the company’s articles of incorporation, which includes basic information such as the names of shareholders, the types of their shares, and their responsibilities.
  4. Signing the Articles of Association: Make sure that the Articles of Association are signed by all shareholders or founding partners of the company.
  5. Submit necessary documents: Submit all required documents to the Department of Economic Development, such as copies of passports, personal photos, contracts, and any other documents upon request.
  6. Obtaining a commercial license: After approving and reviewing the documents, you will obtain the final commercial license that allows the company to conduct commercial activities in Jebel Ali.
  7. Register the company with the tax authorities: Work to register the company with the local tax authorities, as this step can be necessary depending on the type of activity and location.
  8. Opening a company bank account: Open a bank account in the name of the company to easily manage financial operations and business transactions.

Costs of establishing a company in Jebel Ali

The costs of setting up a company in Jebel Ali vary based on the type of company and legal and administrative requirements. Here is an overview of some expected expenses:

  • Registration and license fees: These fees include company name reservation fees, company registration fees, and trade license fees that vary according to the type of company and its location in Jebel Ali.
  • Document preparation costs: These costs include the cost of preparing the company’s articles of association and articles of association, including consulting fees if necessary.
  • Legal consulting costs: You may need to consult a lawyer or legal advisor to help you prepare documents and ensure legal compliance, which may increase your start-up costs.
  • Legal publication costs: Some legal documents may require legal publication in local newspapers, and this entails additional costs.
  • Infrastructure and office costs: You must select an office location or rent a space, and ensure that adequate infrastructure is provided for daily operations.
  • Bank account setup fees: You may incur fees to set up a business bank account for the company, in addition to annual maintenance costs.
  • Insurance costs and guarantees: Businesses can require some form of insurance or guarantees to ensure legal compliance and coverage against potential risks.

Conditions for establishing a company in Dubai

Establishing a company in Dubai requires following several conditions and procedures, including:

  • Choosing a business activity: You must determine the type of business activity that the company will practice, and ensure that it is compatible with UAE regulations.
  • Determine the legal form: An appropriate legal form for the company must be chosen, such as a limited liability company (LLC), joint stock company, branch, or sole proprietorship.
  • Obtaining a trade name: You must choose a trade name for the company and ensure that it does not conflict with the names of other registered companies.
  • Submitting the necessary documents: Necessary documents must be submitted, such as passports for shareholders and directors, a business plan, and proof of the office address.
  • Obtaining government approvals: Establishing a company requires obtaining the necessary approvals from the relevant authorities such as the Department of Economic Development.
  • Renting a commercial office: The company must have a registered commercial address in Dubai, and a commercial office can be rented or the services of a virtual office can be used.
  • Necessary capital: The necessary capital must be provided to establish the company, which varies according to the type of business activity and the form of the company.
  • Registration and licenses: Once all conditions and requirements are met, you must register with the Department of Economic Development or the relevant authority and obtain the necessary licenses to start work.
  • Compliance with local laws: The company must comply with all local laws and regulations related to doing business in Dubai, including tax registration, health insurance, and public safety.
  • Obtaining residence visas: Company founders can obtain residence visas for themselves and their families based on the conditions and requirements of the Dubai Immigration and Passport Department.

Documents required to establish a company in Dubai

To set up a company in Dubai, you need to submit a set of basic documents. These are the generally required documents:

  1. Copy of passports: A copy of the passports of all relevant shareholders and directors of the company must be submitted.
  2. Business plan: A detailed business plan must be prepared that explains the company’s objectives, business activity, financial expectations, and other important details.
  3. Proof of office address: Proof of office address that will be used as the business address of the company in Dubai must be provided. This could be a rental contract or a confirmation document from a commercial services office.
  4. A copy of the correct permit: Some companies may be required to provide a copy of the correct permit or licenses for activities related to the company, especially if they deal with certain products or services.
  5. Investment form: Some economic activities in Dubai may require the submission of an investment form showing the company’s planned capital and how it will be used.
  6. Necessary government approvals: You may need the necessary approvals and licenses from the relevant government authorities in Dubai depending on the type of business activity and the form of the company.

10 information about Jebel Ali

  • Jebel Ali Port is among the ten largest ports in the world.
  • Jebel Ali Port is connected to more than 180 shipping lines.
  • Jebel Ali Port is connected to 140 ports around the world.
  • The container terminals at Jebel Ali Port have 23 berths and 78 cranes to meet the needs of the largest container ships in the world, as the facility can receive all ships of any size currently in service or on order.
  • Jebel Ali Port is considered the largest seaport in the Middle East, and the leading facility in DP World’s portfolio, which includes more than 65 ports and marine terminals spread across six continents of the world.
  • Jebel Ali Port is also considered a hub port for more than 90 weekly shipping services, and is classified as the ninth largest container port in the world.
  • Jebel Ali Port was voted the best seaport in the Middle East for twenty consecutive years.
  • Jebel Ali Port includes the largest man-made dock in the world.
  • Jebel Ali Free Zone includes more than 5,000 international companies.
  • The Jebel Ali Industrial Zone is characterized by the absence of currency restrictions, corporate taxes, personal income tax, and minimum capital requirements.

In the conclusion of this article, we can summarize the basic steps for establishing a company in Jebel Ali , which is one of the famous free zones in Dubai. Establishing a company in Jebel Ali includes several important steps, starting from choosing the appropriate business activity until obtaining a commercial license and registering the company with the relevant government agencies. First, the investor or founder must determine the appropriate company type, such as a limited liability company, sole proprietorship or joint stock company, based on the scope of activity and operational needs. Next, it requires choosing a company name that complies with local laws and is unique, determining the location of the company and leasing the appropriate office or commercial space.

The most important frequently asked questions about establishing a company in Jebel Ali

What types of companies can be established in the Jebel Ali area?

Available types include limited liability companies, sole proprietorships, joint stock companies, and others, and choices vary depending on the type of activity and company requirements.

What taxes apply to companies in the Jebel Ali area?

The Jebel Ali region offers a flexible tax environment, and companies are usually exempt from taxes for a specific period, but current laws and regulations must be reviewed to ensure compliance.

Can foreigners establish a company in the Jebel Ali area?

Yes, foreigners and foreign companies can fully own companies in Jebel Ali provided that they follow legal procedures and local legislation.

What are the differences between working in Jebel Ali and in Old Dubai?

Features vary between the two regions, with Jebel Ali typically offering advantages such as freedom from taxes for a specified period, full ownership by foreigners, and ease of exporting and importing.

What are the steps to open a company bank account in Jebel Ali?

Opening a bank account requires submitting the required documents to the bank, such as the articles of incorporation and registration certificate, filling out the application form, in addition to choosing the appropriate bank and signing the financial agreements.