There are many great areas in the UAE in terms of investment. This country is characterized by a great diversity of investment opportunities. One of the most prominent and important of these areas is the Jebel Ali area in Dubai, as it has many features that make it one of the best investment areas for many people. Continue reading this article, in which we will talk about establishing a company in Jebel Ali, and all the necessary information in this field.
About Jebel Ali area
The Jebel Ali area is located in Dubai, one of the most famous emirates within the country. This region is characterized by a great diversity of investment businesses, in addition to containing a large number of local and international investment companies. The region also includes an industrial free zone, which provides investors with additional features that encourage them to invest in it. Therefore, investing in Jebel Ali is considered one of the best options available to any local or foreign investor.
Establishing a company in Jebel Ali
In order to be able to establish a company in Jebel Ali, you must follow the following steps:
1- Determine the nature of the company’s activity
The first step in this process is generally one of the most important. The investor must determine the nature of the activity he wishes to practice in this company in order to be able to complete the procedures for opening and establishing it. Knowing that the UAE allows local and foreign investors to engage in different activities, but prohibits some activities at the same time.
2- Drawing the legal form of the company
After selecting the activity that the company will practice, you must also determine the legal form of this company. Knowing that there are several legal forms for companies within the United Arab Emirates. The appropriate legal form for each company is determined based on several different factors, the most important of which is the nature of the activity of this company.
3- Choose a trade name
The next step in this process is to choose the appropriate trade name for the company you want to establish. Knowing that the process of choosing a trade name is subject to certain laws that must be adhered to. One of the most important of these rules is staying away from the Most Beautiful Names of God, in addition to staying away from pre-existing trade names. After the investor chooses the appropriate trade name for his company that is compatible with the nature of this company’s work, he must also register it with the relevant authorities in the Jebel Ali region.
4- Obtaining initial approval
After the investor registers his company’s trade name, he must apply for an initial approval certificate. This legal document allows him to follow the next steps in the process of establishing a company in Jebel Ali.
5- Obtaining the commercial license
The final step in the process of establishing a company in Jebel Ali is obtaining the appropriate commercial license. Knowing that the United Arab Emirates offers several different types of commercial licenses. The investor must obtain the commercial license that is compatible with the nature of his company’s work.
Papers and documents necessary for this process
In order to be able to properly establish your company, you must secure the following papers:
- Registration application form: It contains important basic information about the company and its activity.
- Financial records: which include the company’s financial and estimated accounts and budgets.
- Lease or ownership contracts: You must submit a copy of the lease or ownership contract for the company’s area.
- Registration fees: This means paying the fees for registering your company to the competent authorities.
- Photos of ID: You must submit photos of the IDs of all partners, managers, and shareholders in the company, in addition to the names and addresses of these people.
- Business plan: Some types of companies may need to submit their business plan, in addition to an explanation of the financial projections as well.
- Additional documents: You may also be asked to submit some additional documents depending on the type of your company, its activity, and the region in which it is located.
Costs of establishing a company in Jebel Ali
The cost required to establish a company in the UAE varies depending on several different factors. The most important of these factors is the size of the company, in addition to the location of its establishment, in addition, of course, to the nature of the activity it is expected to carry out. To get a better idea of the cost of setting up a company in the Jebel Ali area, take a look at the following points:
- Costs of obtaining a commercial license.
- Costs of equipping the company’s office or offices.
- Expenses for establishing or opening a bank account for the company, in addition to depositing the minimum amount of money according to the type of company and its type of activity.
- The costs of purchasing or renting the company’s office location or offices.
- Costs for obtaining work permits and visas for employees.
- In addition to some additional costs that must be paid for some companies.
Is Jebel Ali a free zone in Dubai?
Yes, Jebel Ali has a free zone. These free zones offer many additional advantages for investors. Such as complete tax exemption, in addition to many other facilities for the steps of establishing companies there.
Tadabeer company is with you every step
Thanks to its highly experienced staff, Tadabeer Company works to provide all the services necessary for establishing companies and investment businesses in Dubai and the United Arab Emirates. Among the most prominent works that we provide are: issuing commercial licenses, opening commercial records, opening bank accounts, in addition to many other different works. Contact us through the following links to benefit from our services, or for any question or inquiry about the topic of today’s article.
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