Business Setup in DAFZA Free Zone
Dubai Airport Free Zone Authority - DAFZA
Dubai Airport Free Zone Authority, commonly referred to as DAFZA, is a free economic zone in Dubai. It is a hub to more than 1600 companies that are carrying out an operation in the United Arab Emirates (UAE). It was established in the Year 1966 and became a part of Dubai government’s strategic plan. Today, DAFZA is one of the fastest-growing free zones in the region and contributes 4.7 percent to Dubai’s overall Gross Domestic Product (GDP).
Company Formation in DAFZA
DAFZA is one of few free zones that have been exempted from newly-implemented VAT (Value Added Tax). The world’s most recognized brands have established their Middle Eastern hubs in Dubai Airport Free zone. The DAFZA offices are located right adjacent to the Dubai International Airport, which is the free zone area of the city. DAFZA allows local and foreign investors a “complete tax-free business setup and execution of services, along with complete foreign ownership and no currency restrictions.” If you are interested in setting up a business at DAFZA then follow the below-mentioned procedure to ensure successful registration of your company. In addition to this, the DAFZA will enable companies to operate 2.4-hours and all seven days of the week. Lastly, companies will also have no restrictions on hiring employees.
Benefits of DAFZA Free Zone Company
- Complete foreign ownership
- Complete repatriation of capital and profits
- 100% exemption from corporate, personal and income taxes
- 100% free transfer of funds, and no foreign exchange controls
- Exemption from all import and export duties
- Low freight charges
- Inexpensive workforce, and easy recruitment procedures
- Efficient communication procedures and single-window administration
- Liberal government policies and legal framework
- The timely and streamlined immigration process
- Sponsorship and visas for an affordable skilled workforce
- Freehold offices available for sale or lease
- Ready to move offices, factories, and warehouses
- Easy business setup and licensing procedures
- Unique industry clustering and purpose-built infrastructure
- 3-Year residence visa in UAE
Types of Companies in DAFZA
The companies working in collaboration with DAFZA work in various sectors, which include:
- Electronic
- Electrical
- Information Technology
- Telecommunications
- Pharmaceutical and Cosmetics
- Engineering and Building Materials
- Aerospace and Aviation
- Logistics and Freight
- Food and Beverage
- Jewelry
- Precious Stones
- Luxury Items
Types of Legal Entities in DAFZA
Only two types of legal entities are allowed to establish their operations in the Dubai free zone, which includes:
1. Free Zone Company (FZCO)
- Can be from 1-50 shareholders (individual, corporate or both)
- Minimum share capital: AED 1,000 (USD 272) per shareholder
- Value of each share: AED 1000 (USD 272)
2. Branch Office of Existing Company
- 100% owned by the parent company
- Same business name as parent company
- Same business activities as parent company
Types of Licenses in DAFZA
The companies operating in DAFZA follow the same rules and regulations for licenses as Free Zone. There are 4 types of available licenses, with the option to hold dual licenses as well depending on the nature of the business and its requirements.
1. Trade License
This is offered to those companies which are looking to deal in import, exports, distribution and storage of products.
2. Service License
This type enables companies to provide their services to the masses.
4. General Trading License
If your company qualifies for more than two types of licenses then they are eligible for this type of license
5. Industrial License
Companies which want to carry light manufacturing industrial activities, which includes packaging and assembling as well
Required Documents for Company Formation in DAFZA
For individual shareholders:
- Application Form – Made available by MARKEF
- Shareholder’s or manager’s passport copy, with residence visa page
- Passport copies of secretory and directors ( optional )
- NOC from sponsors (this is for companies based in UAE only)
- 6 month’s personal bank statement
- CV
For non-individual shareholders:
- Application Form – made available by MARKEF
- Shareholder’s or manager’s passport copy, with visa page of the residence
- Passport copies of secretory and directors (optional)
- CV or company brochure/profile
- Audited financial report
- Notarized and attested certificate of incorporation, POA or MOA
- Shareholders resolution calling for the establishment of FZCO in DAFZA
Services Offered by DAFZA
DAFZA provides a wide range of services to its clients; be it business setup or administrative. According to DAFZA: The one-stop shop concept brings together the dedicated Government Service Center and private organizations such as Banks and Telecommunications companies to allow you to enjoy the ease of access and seamless processes.
- Business Setup Services
- Leasing and Licensing
- Visa Services
- Dedicated Government Service Centers
- Business Operational Services
- Interiors and Facility Management Services
- Information and Communication Technology
- Security Services
- Online Service Portal
Products at Dubai Airport Free Zone
Dubai Airport Free Zone provides custom and tailor-made products to meet the requirements of businesses. From fully furnished office packages to office solutions, DAFZA has it all.
The products are basically divided into 3 separate categories:
- Customizable Office Solutions
- Executive Business Packages
- DAFZA Warehouses and Light Industrial Units
Steps to register a Company in DAFZA
Step 1 : Select Company Type, License, and Facility
- Select your company’s type, whether it is a Free Zone Company or a Branch Office of an Existing Company
- Based on your company’s operations, choose the type of license you want to apply for
- Choose a facility that best fits your business location
Step 2 : Submit Documents
The organization has listed all the required documents which are needed to process your application, which are:
- Application form
- Letter of intent
- Existing company brochure
- Annual financial report
- Annual financial report
- Shareholder and manager’s passport copy and CV
- Original bank reference of each stakeholder
- NOC issued by a current sponsor for the manager
Step 3 : Collect Your License
Once everything is done successfully, the final step is the collection of your business license, which is also a two-step process.
- Signing Lease
- Payment
Talk To Our Business Setup Expert
Are you excited to learn more about DAFZA Company Formation? The Dubai Airport Free Zone Authority is a great location to Setup your business in Dubai. For more information on company formation at the DAFZA Free Zone please contact MARKEF today!
Business Setup
Tax Services
Consulting Services
Accounting Services
Compliance
Audit & Assurance
Quick Links
MARKEF is a leading Accounting Firm offering wide range of services including Accounting and Bookkeeping, Audit and Assurance, VAT and Corporate Tax, Business Consulting, Management Consulting, and Business Setup Services in Dubai and across United Arab Emirates.
- Office No.1929, Tamani Art's Offices Tower, Business Bay, Dubai, United Arab Emirates
- +971 4 589 2828
- +971 50 105 4241
- E-mail : info@markef.com
-
Mon - Sat : 8:00 - 18:00
Sunday Closed
