JAFZA is home to one of the largest sea ports in the world and is directly connected to the largest airport in the world. Strong infrastructure for warehousing, industries and accommodation. JAFZA allows 100% capital repatriation, has no currency restrictions and 0% corporation tax.

With over 7,000 companies including several Fortune 500 companies, JAFZA is recognised as United Arab Emirates (UAE) flagship trade and logistics hub.

Contact us on contact@nrdoshi.ae to know more about incorporating in JAFZA or make submissions to the authorities.

Jebel Ali Free Zone (JAFZA) revised its regulations to permit a company to transfer its registration from another jurisdiction and continue its operations at JAFZA. Such provisions to redomicile companies are found in the regulations of many jurisdictions across the world.

Previously, a company that was considering operating in JAFZA would either incorporate a new company as its subsidiary or establish itself as branch of a foreign company. However, with the ability of a company to re-domicile and continue its legal existence, a company can avoid the difficulty of transferring its entire business including all contracts, assets, liabilities, and banking relationships to a new company.

The management of the company that wishes to re-domicile their company at JAFZA must first inquire whether the jurisdiction where the company is currently domiciled permits such transfer. If the company can re-domicile out of their current jurisdiction, the company can commence to complete the necessary formalities at their current jurisdiction. Such formalities vary from jurisdiction to jurisdiction, but the most common ones include concluding all compliances and paying all fees associated with the company at the outgoing jurisdiction. The company must file a resolution seeking to re-domicile with the outgoing jurisdiction and obtain a consent to re-domicile. The company must obtain a certificate of incumbency and certificate of good standing or any other certificate equivalent to such certificates. The company must also not have any legal proceedings against it.

Once the above key requirements are meet, the process of re-domicile can be initiated. An application is submitted to the Registrar of Companies in JAFZA for the continuation of the foreign company in the free zone. The company can choose its type of legal entity to be a Free Zone Establishment (FZE) or Free Zone Company (FZCO) or the newly introduced Public Limited Company (PLC). The application would comprise of the details of the shareholders, directors, and managers of the foreign company, along with the name and activities of the foreign company. The company will also share the type and size of the premises required, and its share capital.

Along with the application, the company will also submit the following documents to the registrar of companies:

N R Doshi & Partners is a full service public accounting firm in the United Arab Emirates with an office in JAFZA. We place strong emphasis on promptness, accessibility and reliability in dealing with clients. We are a member firm of DFK International. DFK International is an association of independent member firms have presence in over 85 countries through its 220 member firms and 415 offices.