The importance of investment in the Emirates is not limited to the city of Dubai only, but the Emirates has many other wonderful areas for investment. One of the most important of these areas is the Jebel Ali area, which provides investors with many facilities to establish and manage their businesses in the Emirates. Continue reading with us to learn about the conditions and steps for establishing a company in Jebel Ali, and some other important information as well.
About Jebel Ali area
The Jebel Ali area in the Emirates is approximately 30 kilometers from the center of Dubai, and is located on the western side of Abu Dhabi, the Emirati capital. A port has been built in this region, Jebel Ali Port, which is currently considered one of the largest and best 10 ports in the world. One of the most important features of the Jebel Ali region is that it possesses one of the most important aluminum factories in the Middle East, known as DUBAL, in addition to the industrial free zone located there, which provides facilities and temptations for foreign investment within it.
Cost of investing in Jebel Ali
It is not possible to talk about the cost of investing in Jebel Ali or any other area in the Emirates accurately. The reason is that the cost necessary to establish any company in any region varies greatly depending on many factors. Such as the nature of the company’s work, the size of the company, the number of people working in it, the type and place of residence of the company, in addition to the number of company offices, and many others. But in general, here is an overview of the most important expenses and fees necessary to establish a company in Jebel Ali:
- Costs and fees necessary to obtain a commercial license.
- Fees and costs for preparing and equipping the company’s offices.
- The cost of opening a bank account for the company, in addition to depositing the minimum capital into it.
- Costs of obtaining work permits and visas for company employees.
Papers and documents necessary to establish a company in Jebel Ali
As for the documents needed to establish companies in this region, they are as follows:
- Registration application form: which contains important basic information about the company and its activity.
- The company’s financial records: including financial accounts and budgets
- Lease or property contracts: A copy of these contracts must be submitted in order to establish the company.
- Registration fees: This means the fees necessary to register the company with the relevant authorities in the region.
- Identity photos and addresses: For all people working in the company, as well as contributors and assistants.
- Business Plan: Not necessary for all companies, but for some they may require this document that shows the business plan and financial projections.
- Some additional documents may also be requested for some types of companies.
Can foreigners establish companies in Jebel Ali?
Of course, the Jebel Ali region is crowded with foreign and local investment, and the reason is the great facilities provided by the state within its free zone. The most prominent of these facilities is tax exemption within the free zone, in addition to some other facilities. However, it must be noted here that establishing most companies in the Emirates for foreigners requires the presence of a partner who holds Emirati citizenship, or the use of approved service offices.
Steps to establish a company in Jebel Ali
After you learned about the conditions and documents necessary to establish a company in Jebel Ali, here is the order of steps for establishing a company there:
1- Determine the nature of the work and the legal form
The first step is to identify and select the company’s type of economic activity. Is it a trading company, an industrial company, a food company, etc. Note that there are many commercial, industrial and economic activities that the UAE allows investors to practice. On the other hand, there are some activities that are prohibited in the country, especially for foreigners. After determining the nature of the business, the investor must also draw and accurately define the legal form of this company.
2- Choosing and registering the trade name
The next step is to choose the appropriate trade name for the company. This name must be chosen in a way that reflects the nature of the company’s work in general, in order to ensure the process of acceptance in registering this name. In addition, there are some conditions that must be adhered to during this process, such as staying away from offensive words, and staying away from pre-existing names.
3- Obtaining initial approval
The initial approval document allows you to follow the steps to establish your company in the Jebel Ali region in a legal and proper manner. In order to obtain this document, you must fulfill the previous steps and conditions, and then submit it to the relevant authorities.
4- Choosing the company’s location and articles of incorporation
After initial approval, you can now choose where your company will reside in the Jebel Ali area. We recommend that you get a better idea of the Jebel Ali Free Industrial Zone, as it makes many legal procedures easier for you, in addition to offering additional advantages. Note that concluding the company’s articles of incorporation may take place before or after choosing the appropriate location for it, but it often takes place after choosing the location.
5- Obtaining the commercial license
Finally, after performing all the previous steps, you can apply for your commercial license. Knowing that the UAE offers different types of commercial licenses, we advise you to get to know these types better so that you can obtain the license that best suits the nature of your business.
Tadabeer Company.. your best assistant
If you are looking for a reliable party to help you implement and establish your company in Dubai, do not hesitate to contact Tadabeer Company. Our staff will take all the necessary steps for you, and this process will be completed smoothly and within a short time.
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