Company Formation in DUCAMZ - Dubai Cars and Automotive Zone
Setting up at Dubai Cars and Automotive Zone (DUCAMZ) allows you to enjoy various incentives including simplicity in establishing your business whether it is a showroom, workshop or a warehouse. Economic Zones World (EZW) manages DUCAMZ which provides quality services.
DUCAMZ was established with the objective of re-exporting cars to the Asian and African region where the demand exists and continues to grow. This zone is situated within Dubai city and covers one million square meters of bonded area. The location has easy access to all airports and seaports in the region. From here, the automobile is reloaded into feeder vessels, or trucks which travel throughout the region on a modern network of highways, linking all the neighboring countries in the Middle East and beyond. EZW is charged with the supervision of DUCAMZ.
Left-hand drive vehicles are exported into the local markets and are subject to the local regulations prevalent whereas right-hand drive vehicles are mainly exported to India, Afghanistan, Pakistan, Yemen and other African countries.
Key Benefits of Company Formation in Dubai Cars and Automotive Zone (DUCAMZ):
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- No currency restrictions,
- Excellent support services from Dubai ports authority and other service institutions such as: shipping, insurance, banking, automobile workshops, freight forwarders and such other related service agents
Characteristics of DUCAMZ Company Setup:
Location:
Dubai Auto Zone, Ras Al Khor, Dubai, (U.A.E.)
Proposed activity:
Automobile related activities including workshops can be carried out in DUCAMZ
License available:
Trading & Service license (for workshop related activities) are available options for DUCAMZ Company Setup
Type of entities:
FZE (Free Zone Establishment – single shareholder), FZCO (Free Zone Company – multi shareholders) and Branch
Shareholder:
Shareholder for DUCAMZ Company Can be Individuals or Corporate entity (maximum 50)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 100,000/- (100 share of AED 1,000/- each) for DUCAMZ Company Setup & AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Annual audit report to be filed in DUCAMZ (licensing authority)
Estimated time:
5 to 6 weeks to obtain trade license of the company and register a company in DUCAMZ
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
DUCAMZ Company Setup Process:
- Identify the legal form of company to be registered in DUCAMZ,
- Select activity from DUCAMZ activity list,
- Apply for name and initial approval,
- Payment of fees related to DUCAMZ business set up,
- Sign DUCAMZ company registration and incorporation documents,
- Apply for DUCAMZ residence visa.
Documents Required for DUCAMZ Company Registration:
The documents required for business set up in DUCAMZ depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Utility bill copy,
- CV/Resume,
- NOC from existing sponsor,
- Business Plan
To know more about the complete requirements for company formation in DUCAMZ call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in DUCAMZ – Dubai Cars and Automotive Zone:
DUCAMZ Company Setup begins from AED 93,852/-
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DUCAMZ.
Other Notes for DUCAMZ – Dubai Cars and Automotive Zone Company Formation:
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DUCAMZ. Our company acts as a one stop solution for DUCAMZ company incorporation services.
If you are looking for DUCAMZ – Dubai Cars and Automotive Zone company setup, please get in touch with us for professional assistance
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DUCAMZ.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.
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OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
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Jumeirah Lakes Towers,
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Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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