Jebel Ali Free Zone (Jafza), one of the world's largest free zones specialized in industry, trade and logistics, has played a pivotal role in inviting international partners to the country, and in so doing creating a community of trust and smooth functioning that has resulted in a boost to the economy of both Dubai and the UAE. Jafza, which was established in 1985 with 19 companies, grew to house more than 500 in 1995, and more than 7,500 today, which includes nearly a 100 Global Fortune 500 enterprises.
Currently, the area that plays home to businesses, production houses, storage units and berth to a number of shipping lines contributes almost 23.9 % of total Foreign Direct Investment in the country.
At present JAFZA acts as a dynamic base for a number of businesses from over 100 countries and also provides jobs to more than 135,000 people. This free zone is very important as it generates around 23.9% of the Foreign Direct Investment for Dubai.
Products / Services Offered
The Jebel Ali Free Zone offers the following:
These are office solutions which allow a customer to meet their corporate requirements. These offer extensive services ranging from network planning, site selection and design, and project management. These provide industry-specific solutions.
A business can acquire land on lease in the Jebel Ali Free Zone. This will allow businesses to develop properties and infrastructure as per their requirements.
A business can avail of a high rise or a low rising office. These are strategically placed in locations that are easy to access by both the staff as well as the visitors.
Jafza also provides access to warehouses. These warehouses are very much suitable for high-quality storage and light manufacturing activities. These warehouses also boast of all the necessary feature which are required by a business.
These retail outlets are available all throughout the free zone and provide the ability to meet customers easily.
Each showroom is fully stocked with all the necessary facilities which can be required by a business.
Jafza has ample accommodations that will lodge all the employees of the business near to the working area.
This is a one-stop-shop for all the traders in JAFZA. It has been designed to provide value-added services to the traders.
Jafza One is the flagship property of the Jebel Ali Free Zone. It provides a very conducive environment for the businesses and also forms a connection between more than 7500 local and international businesses.
It is very important to avail the services of an approved auditor for conducting the Audit of your company as only an approved auditor can conduct an Audit of a company in the free zone. Any other auditing firm which has not been approved by the governing authorities of the free zone cannot conduct an audit in the free zone.
Excellence is Approved Auditors in the Jebel Ali Free Zone and can conduct an impartial and informative audit for your company. The experts have huge knowledge about the subject and also have an experience of more than thirteen years. The customization option and the pricing competitive strategy make Excellence a wonderful economic firm, especially for start-ups and freelancers.
For companies registered in Jafza (Jebel Ali Free Trade Zone), they must be audited by JAFZA listed auditors. According to free zone regulations, all companies registered in JAFZA should have auditors approved by JAFZA to prepare annual audit reports.
Every company has to maintain books of accounts, at the registered office or any office that the board of directors may decide. If the company is maintaining books at an office other than the registered office, it has to intimate the same to RoC. The company can maintain the accounts electronically also.
Books should be maintained for a period of 5 years from the end of the relevant financial year.
The Jebel Ali Free Zone Authority has stipulated a number of businesses registered under it. In order to renew their license without any failure, external audits are conducted. The subsequent documents required while conducting auditing are:
Credit/ debit confirmation for all financial transactions in the Books of Accounts
All invoices-purchases and sales
Trade License, Memorandum of Association (MOA), Articles of Association (AOA)
Excellence is an approved auditor in JAFZA offers various services including Financial Advisory Services, Tax Consulting Services, VAT Registration, VAT Deregistration, and Internal/External Audit for Companies, Business Advisory Services, etc. in UAE.
As a JAFZA approved auditor, we offer the best services to the participating companies. Get in touch with us.