04 Apr Mount on your big gate for investment
Dubai is one of the largest cities in the world that attracts huge investment projects. investors from all over the world, It is one of Akbar Ibn, which enjoys a strategic location, stunning nature, and a suitable and fertile environment for investment. It also includes several regions known globally for the volume of investments that they attract annually. Perhaps one of the most important of these areas is the Jebel Ali area in Dubai. And which was previously known as the satellite area and sometimes called Jebel Ali Port, Below we learn more about this region
The reason for naming Jebel Ali by this name
There are different accounts of the reason for naming the name of this region. The first of them is a narration that says that one of the fishermen used to be alone in this area during his trip. Then back to Dubai. Due to the height of this area as if it were a mountain, it was called a mountain, and the location of the area was called Jebel Ali.
And the other narration says that the reason for the name is due to our master Ali bin Abi Talib when his foot was imprinted in the rock during his stay in it.
Jebel Ali site in the Emirates
Jebel Ali is located in the Emirates, thirty kilometers from the Emirate of Dubai. This region is one of the most important ports in the world. Where the government of the Arab Emirates has given great interest in establishing a port in this region due to its strategic location. This region is also characterized by the fact that it contains a free industrial zone. It has one of the largest aluminum production plants. It also has one of the largest hotels in Dubai, the Jebel Ali Hotel.
The most important features of the Jebel Ali area
Jebel Ali is one of the largest areas in Dubai that attracts investment. Because it enjoys many areas, whether free zones or industrial zones, which are as follows
- Jebel Ali Free Zone, Where this region contains a large number of international companies because this region is characterized by the absence of tax restrictions, Which makes it a major destination for investment and investors, It gives them some privileges, including:
- Exemption from corporate tax for 50 years.
- No import or re-export fees.
- No currency restrictions. In addition to the ease of employment
- The industrial zone, which is located within the free zone and includes more than 512 industrial centers in various fields and activities
- Jebel Ali Port, which is one of the busiest ports in the world, ranks ninth in the world. It was established to be able to import the necessary materials for the aluminum factory.
The most important advantages of investing in Jebel Ali
The Jebel Ali region did not achieve its wide fame in the world by accident. Rather, it came as a result of the great efforts of the government in developing it and the facilities and benefits it provides to its investors, and the most important of these advantages are:
- It gives the investor the right to own 100%, with the possibility of transferring capital and profits abroad by 100%.
- No corporate taxes for 50 years.
- no currency restrictions, With exemption from personal income tax. Simplified and quick procedures for establishing companies
- Exemption from import or re-export duties.
- Possibility of mortgaging the property with a bank or banking institution.
- Availability of customs services within the free zone.
- Advanced infrastructure.
- Provide logistical support
Steps to invest in Jebel Ali
The first step in successful investment is choosing the optimal project. choosing the appropriate activity, Whether it is a commercial, industrial or entertainment activity, with a sufficient and complete table study being conducted.
Secondly, it is the commercial registration, which is mainly related to the establishment of the company.
Thirdly, it is obtaining the initial approval from the competent authorities, and before that, in the case of foreign investors, the approval of the General Directorate of Residency and Foreigners Affairs must be obtained.
Fourth is choosing the workplace, as all companies located in the Emirates must have a fixed address in Dubai.
In this way, we have summarized the explanation of one of the most important investment areas in Dubai, which is the Jebel Ali area, and we got acquainted with its name and features.
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