New Rules for Companies in Jebel Ali Free Zone
New Rules for Companies in Jebel Ali Free ZoneUpdated on Wednesday 27th June 2018
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Setting up a business in Jebel Ali Free Zone or JAFZA as it is known, is now subject to all sorts of encouragements and fewer restrictions. Considering the new rules of JAFZA’s business climate, investors from abroad can direct the attention to this flourishing free zone in Dubai. For the legal aspects involved, you can address your inquiries to our lawyers in Dubai. The same team of advisors can help entrepreneurs establish their business presence and the companies in any chosen free trade zone in Dubai.
What’s new in JAFZA’s business environment?
Foreign investors and their companies established in Jebel Ali Free Zone now have the possibility to transfer and continue the activities in Dubai without having to set up a new company from scratch or create a branch office. This will lead to smooth operations in this free zone and will allow business persons to think more about the future developments of the company in Dubai instead of worrying about other regulations or restrictions. Also, there has been introduced a new legal framework which involves the Public Listed Companies in Jebel Ali Free Zone. More information in this sense can be offered at any time by our Dubai attorneys.
Here is a video that explains the new rules imposed in JAFZA:
Public Listed Companies in JAFZA
Jebel Ali Free Zone is recognized for the excellent business environment and complete transparency linked to the rules and regulations. These are only a few of the reasons why numerous investors from overseas prefer the ways of doing business in JAFZA. Moreover, companies established in this free trade zone can restructure their operations and transform into a Public Listed Company from a Free Zone Establishment. The same is available for business persons who want to rethink the business and convert the Public Listed Company (PLC) into a Free Zone Company in Jebel Ali. The new regulations in this sense offer transparency and less bureaucracy, in order for the entrepreneurs to perform the activities with no interruptions and in a fast manner. Also, stockholders can benefit from more flexibility linked to the shares in the company and the voting rights as the concept of classes of shares has been introduced in JAFZA.
If you would like to know more about the new rules for companies in Jebel Ali Free Zone, we kindly invite you to get in touch with our law firm in Dubai.