The Dubai Airport Free zone Authority shortly known as DAFZA free zone; is an organize governing body operating in Dubai Airport free zone; that is to facilitate international clients to start their business in Airport area. Dubai airport free zone authority was establish in 1996; that is to deals with import and export trade as well as services. Dubai airport free zone authority provides trade license and visas to international clients; who want to do business from Dubai within the free zone.
Dubai airport free zone authority offers a base to the clients; that is to do business with 100% owner ship. At this point let me tell you one more thing; or you can say one more key point; which DAFZA free zone clients always ask me. That is, is it true that DAFZA business setup in free trade zone is free from all kind of tax? And as we all know the answer is a big “Yes”. So, it means that DAFZA free trade zone is free from all kind of tax. And also it is free from duty tax. I think it is one of the best points for business setup DAFZA free trade zone. The process of company incorporation in DAFZA; is very easy and fast as it require a very minimal paper work.
Investors from all over the world will reap the benefits of dynamic growth for their companies; through the free trade zone’s excellent tax and investment incentives. At this point let me tell you one more benefit; that why client is very keen for DAFZA free zone. Or you can say one more strong point which you need to keep in mind. And I think it is the most key point for DAFZA free trade zone. That is, such as 100% tax exemption, 100% foreign owner ship.
Location of Dubai airport free zone
Dubai airport free zone is very next to Dubai International Airport; which is the heart of the Dubai. Dubai Airport Freezone provides matchless access to 24 hour logistics services; a world class facilities and also a very good infrastructure. Dubai airport freezone also provides direct access to a number of gov’t services; that is Immigration, Customs and as well as the Chamber of Commerce. Dubai airport freezone help to stream line red tape procedures; and also provide clear processes and as well as guide lines.
Type of Company formation in dubai airport free zone authority
Dubai airport free zone offers only two main type of license to its client to operate in the region. Each type offers different options and benefits equivalent to your business need.
Free zone Establishment (FZE)
free zone establishment has a minimum of 1 share holder and a maximum of 50. Share holder can be an individual (a person) or a company. A minimum share capital required for formation is AED 1000. Each share has a value of AED 1000/-
Branch Office of an existing company
Dubai airport free zone authority allows; that is foreign company to open a branch of its existing company. No share capital is require for this kind of a company.
Type of License for Company setup in dubai airport free zone
Till this point we explain a lot of thing about DAFZA business setup. That is, what is an DAFZA business setup; what are the benefits of an DAFZA business setup; why we need to set up business in DAFZA free zone. Now it is time to say some thing about the license. So, companies plan to start their services at Dubai Airport Free zone; and take a Dubai airport free zone license; they need to pick from the following types of licenses:
This kind of a Trade license is issue to those who want to import and export; distribution, as well as storage of specific products.
This kind of a license is issue; that is to those who want to do service as well as consultation.
Advantages of company formation in DAFZA free zone
- 100% foreign owner ship.
- No restriction on capital repatriation.
- 0% import or re-export duties.
- 0% corporate tax.
- No currency restrictions.
- 0% personal income tax.
- No restriction on foreign talent or employees.
- Onsite Customs.
Documents Required for Company Formation in dubai airport free zone
- First of all in the first place; an application Form. we will provide this form.
- Letter of Intent (summary of company profile at DAFZA)
- business plan is also one of the key document for dafza company formation.
- Profile of the company is also one of the key document for dafza free zone set up.
- Annual financial report or share holder(s) 6 months bank statement.
- Copy of the manager’s passport as well as CV
- Copy of share holder(s) passport as well as CV
- Original (not a copy) bank reference letter (share holders)
- NOC for manager. (if he is a resident of UAE and UAE employment visa holder)
- NOC from Dubai authority.
How to setup a company in DAFZA free zone?
Finally it is time to have set up company in Dubai airport free zone. At this point let me tell you one more thing; or you can say one more point which you need to keep in mind. Which i think is a key point for all of the clients; and also i think it will work to see the whole process; of a set up Dubai airport free trade zone company; and show the entire thing in clear way. That is the easy way to setup business in DAFZA. So get in touch with us. In the first place, you can use website live chat button. So that to start chats with a DAFZA specialist. Second way is that, you can Click Here to place a call back request.