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Jebel Ali Free Zone

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 class infrastructure supported with value-added services and incentives. - http://www.kpi-global.com/company-formation-in-uae/company-setup-in-dubai/business-setup-in-jebel-ali-free-zone-jafza/

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Jebel Ali Free Zone

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  1. 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. Ready access to world’s 8th largest cargo airport. * 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, Co-located with the world’s largest manmade port * including over 120 of the Fortune Global 500 enterprises. Upcoming GCC rail connectivity through Union Rail * The JAFZA port has the capacity to handle 15 million containers annually and is serviced by more than 170 shipping lines, thus making Vibrant business community of over 7100 companies * it the preferred destination to send and receive sea freight to any port in the world. Excellent infrastructure and logistics * Being one of the largest Free Zones in Dubai, JAFZA has now developed Full Free Zone benefits * into a business community within itself.

  2. Over 7100 companies, including 120 of the Fortune 500, have their presence in JAFZ. Excellent port facilities Leased land for industry JAFZA offers all free zone •Ability to mortgage your premises to a bank or benefits, with the added financing company. advantage of being located •Onsite Customs. within Dubai… In addition to this, companies can FREE ZONE BENEFITS avail benefits from the extensive •100% foreign ownership. network of double-tax avoidance treaties that the United Arab •0% corporate tax for 50 years Emirates has signed with (a concession that is countries worldwide, including renewable). countries such as India, Pakistan, Singapore, China, Malaysia, •No restriction on capital Canada, Germany, Italy, Austria repatriation. and Holland. •0% import or re-export Dubai offers the additional duties. benefits of a very high standard •0% personal income tax. Recommended for established trading & industrial ventures, high growth trading startups of living and a vibrant expatriate community with people from •No currency restrictions. over 180 nations living and •No restriction on foreign working in the region. talent or employees. © KPI Business Advisors & Consultants 2

  3. TYPES OF LICENSES DOCUMENTATION REGISTRATION AND LICENSING COSTS Trading |Services |Industrial | Individual Shareholder Logistics Registration (one time) – Personal KYC TYPES OF COMPANIES FZE – US$ 2,725 Board Resolution calling for the FZE – Single shareholder, minimum establishment of the entity FZCO – US$ 4,100 one share of AED 1,000,000 Branch – US$ 1,370 Letter from the bank confirming deposit of share capital FZCO – 2-5 shareholders, minimum Annual Licensing - capital of AED 500,000 Other routine documentation Specific Trading/Industrial (corporate shareholding is allowed) viz. application forms, specimen License – US$ 1,500-2.500 signatures etc. BRANCH – of a foreign/UAE Service License – US$ 2,200 company. Corporate Shareholder General Trading/Logistics OFFICE BEARERS Corporate KYC duly attested License – US$ 8,200 from the UAE Embassy 2-5 Directors VISAS Board Resolution calling for One Manager the establishment of the Based on size of facility availed, One Secretary entity usually around 80 sq.ft. per visa. FACILITIES OFFERED Letter from the bank confirming deposit of share capital (does Standard Offices – starting from 27 not apply in case of branch sq.mts at US$ 500-685 per sq.mt. companies) Warehouses/Light Industrial Units – Other routine documentation from 313 sq.mts at approx.. US$ 190 viz. application forms, specimen per sq.mt. signatures etc. Leased Land – starting from 5,000 TAXATION sq.ft. at US$ 5.50-22 per sq.ft. 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 © KPI Business Advisors & Consultants 3

  4. ABOUT KPI another Audit firm in Dubai, one of the emerging market leaders. The KPI, an Audit and Advisory firm in firm transformed into a valued Dubai, as a practice has more than business partner in the GCC and Mr. two decades of heritage that we are Kamath headed the Consulting proud of; one that has seen economic Practice in the merged entity. highs and lows, along with the rise of Dubai and United Arab Emirates to In December 2011, the practice was international prominence. spun off from the merged entity and re-branded as KPI. Kamath Auditing was formed in the year 1992 in the UAE. The firm grew KPI is an independent member of quickly in fame among clients and GMN International, an association of the industries it operated in. In carefully selected professional KPI has a pedigree and a sound track record of consistency in providing advice tailored to your needs… addition to regular audits, clients accounting firms established and approached the firm for many respected in their own countries. advisory and consulting activities for GMN International has 70 offices in feasibility studies, due diligence, more than 32 countries across market research and valuation Europe, North America, South projects. America, Asia Pacific, Africa and the Middle East. In 2001, the firm was merged with 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@kpi- global.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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