5 Benefits of Forming a Company in JAFZA Free Zone

The Jebel Ali Free Zone (JAFZA) is an industrial area located in Dubai. JAFZA is home to factories, offices, companies and corporations from around the world. It is a complete business area, with several advantages and incentives for companies to set an office here. These include tax incentives, exemption on import duties, exemption on setting up a company office and many more.

Exemption On Import Duty

Companies located in the JAFZA area can also avail free import options for their raw material and machinery so that they can start making a profit and make their business stable before having to pay taxes.

E-Commerce Business Solution

Companies can enjoy even greater benefits of formation in JAFZA when the business is transacted through its own e-commerce website. This makes it very easy for businesses to enjoy the maximum benefit of having their own registered office in JAFZA.

Corruption-Free Laws

The law for JAFZA is even more beneficial to companies, as it protects them against corporate corruption. There are no business disputes between the parties to such regulations, which make them absolutely secure. Companies enjoy such benefits due to the presence of a number of international standards for ensuring their business transaction to be legal and safe.

Government Protection Against Mishaps

There are certain regulations and requirements that companies have to fulfil before they can register with the Companies Registry. One of the most important requirements is that a company must have at least one director. This director’s main role is to act as the company’s general manager and is responsible for the company’s day to day activities. There are other vital roles that the company’s directors must also fulfil, and their services are only rendered when a company wants its services or wants advice from its auditors.

This kind of registration process allows companies to save thousands of dollars that would be spent on hiring consultants, lawyers, accountants and other professionals. Even though the formation process might be a little expensive, it is highly worth the services that will be rendered by these professional experts, since they will be able to provide a complete and thorough business report, which will be used by the auditors. Most business people do not have the expertise in the different laws and regulations applicable to their business sector. Approved auditors in JAFZA are needed for a complete and detailed assessment of the operations of a company and its financial transactions. When a company registers itself with the Companies Registry, it becomes liable to pay the fees that are required by the law and its regulations, and the company does not have to pay the fees unless it has received an assurance that it has satisfied all the requirements necessary for registration.For the purpose of Forming a Company in JAFZA, Auditors in JAFZA from BS Auditing can help you out with these processes.

Name Registration Rights

Registration with the Companies Registry also enables the company’s directors and officers to use their business name and get registered with the Trade Marks (TMC). After forming a Company in JAFZA, the TMC is issued to the company, and the company is able to use its business name until such time as it sells the business. However, there is no guarantee that the company will become successful and will be able to continue generating revenue; in fact, success is highly unpredictable. In case of an unsuccessful registration with the Companies Registry, the company is required to dissolve itself and form a new legal entity.

As you can see, there are quite a lot of benefits associated with company formation in JAFZA. There are numerous companies that have begun their businesses in JAFZA Free Zone, and there are new companies forming every day. However, there are certain requirements that companies must fulfill before they can register with the Trade Marks in question.

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