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).
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.
The companies working in collaboration with DAFZA work in various sectors, which include:
Only two types of legal entities are allowed to establish their operations in the Dubai free zone, which includes:
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.
This is offered to those companies which are looking to deal in import, exports, distribution and storage of products.
This type enables companies to provide their services to the masses.
If your company qualifies for more than two types of licenses then they are eligible for this type of license
Companies which want to carry light manufacturing industrial activities, which includes packaging and assembling as well
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.
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 organization has listed all the required documents which are needed to process your application, which are:
Once everything is done successfully, the final step is the collection of your business license, which is also a two-step process.
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!