reconstruction of this essential economic
tool used by many countries to tread the
road to wellbeing and success.
– It isaknown fact that youare thePresident
of the InvestmentandPrivatizationAssistance
Fund, theofficial representativeof Jebel Ali FZ
inUkraine. Couldyoudescribe theadvantages
andopportunitiesgrantedby Jebel Ali to the
companies registeredwith it?
– Jebel Ali Free Zone is one of theworld’s
largest free economic zones. It enjoys the
reputation of a reliable partner. Registration
with Jebel Ali FZ allows the company to
have the following advantages: foreign
investor’s 100% ownership of the registered
company (there is no need of establishing
joint venturewith a local partner); 50 years
tax-free operation (and this termmay be
extended); duty-free export and import, no
foreign currency limitations, no limitations
for hiring foreign personnel, the possibility of
constructing buildings and other structures for
the company, and absence of limitations on
export of capital and profit to other countries.
Near Jebel Ali, the administration of Dubai
ports is located. Itmanages theworld’s largest
artificial harbor. It has cold storage areas and
offers its clients 67 piers capable of servicing
all types of vessels. Dubai International Airport
is also close to Jebel Ali. Customs office
operates directly out of the FZ. Therefore,
containers can be loaded from sea transport to
aircrafts very fast. Also, FZ administration plans
the opening of a new Jebel Ali Airport to be
located next to the FZ.
Jebel Ali administration (JAFZA) offers
its clients the opportunity to acquire office
buildings designed to satisfy different
demands. The companies wishing to build
their own factory or warehouse facilities, are
offered land plots. Prefab facility assembling is
also available for warehouses and production
facilities. Nowonder that Jebel Ali is one
of the largest hub centers for shipments
attracting clients from around theworld
willing to use excellent facilities available in
Dubai for export, re-export or distribution of
shipments. Registration of a company in Jebel
Ali FZ allows free access to themarkets of
Middle East, South-East Asia and North Africa,
with the overall population in these regions
exceeding 1.5 billion people.
–What is thecostof registrationofa
companywith Jebel Ali ?
– It depends fully on the type of the
company youwish to register. For instance,
no initial capital is required to register a
subsidiary company, the only thing required
is the payment of a single-time registration
fee. In order to register a so-called FZ
company, in addition to the registration fee,
startup capital is required, in the amount
of 136,240 US dollars. This type of company
can be established by 2 to 5 shareholders.
There is a third type of company called “FZ
establishment”. To register it, one also has to
pay the registration fee and have the initial
capital of $ 272,480. This company type can
be founded by one shareholder (natural
person or legal entity).
Registration cost depends largelyon the
license type and varies from15 to50 thousand
USdollars. Youmaybuy the license for onlyone
typeof activities or for all types of activities. Also,
I would like tonote thatwhile the construction
of newofficebuildings is underway (3 thousand
companies are awaiting their office facilities
in Jebel Ali) FZ administration temporarily
suspended the registrationof new companies.
However, the Investment andPrivatization
Assistance Fund, as theofficial representative
of Jebel Ali FZ inUkraine, has its ownquota (10
companies a year, on the average). Therefore,
Ukrainian companies always have a chance to
begin their operations in Jebel Ali .
–One of theworld’s largest holding
companies, DubaiWorld, ownedby the
government of Dubai, announced the
establishment of Economic ZoneWorld. Mr.
Pachkovskiy, could you comment on the
apparitionof suchaglobal structure on the
worldmap?
–DubaiWorld companywas established
pursuant to the government decree ratified in
March 2006, by SheikhMohammad Bin Rashid
Al Maktoum, the Ruler of Dubai, Vice-President
and PrimeMinister of UAE. The companies
under the “umbrella”of DubaiWorld include
manywell-knownnames, such as DPWorld,
Dubai Multi Commodities Center, P&O and
Nakheel Company building the Palm Islands.
Economic ZoneWorldwas established as a
separate commercial divisionof DubaiWorld,
responsible for operations in free zones.
Economic ZoneWorld at this time
includes Jebel Ali FZ, and its international
divisions - Jafza International, Techno Park
andDubai AutoZone. Jafza International is an
International Divisionof Jebel Ali established
for the purpose of operational management
of economic zones around theworld. At this
time, Jafza International manages free zones in
Djibouti, Morocco, andMalaysia. It has signed a
memorandumof intentions ondevelopment of
FEZ inOman, Senegal and South Korea.
As for DPWorld, this division performs
operational management of the ports around
theworld – inDjibouti, Saudi Arabia, India and
Romania. For instance, over the period of time
less than a year, operational management in
JEBELALI ISONEOF
THELARGESTHUB
CENTERSFORSHIPMENTS
ATTRACTINGCLIENTS
FROMAROUNDTHE
WORLDWILLINGTOUSE
EXCELLENTFACILITIES
AVAILABLE INDUBAI
FOREXPORT, RE-EXPORT
ORDISTRIBUTIONOF
SHIPMENTS.NEAR JEBEL
ALI,THEADMINISTRATION
OFDUBAI PORTS IS
LOCATED. ITMANAGES
THEWORLD’SLARGEST
ARTIFICIALHARBOR
BUSINESS EMIRATES
106
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