Company Formation in DAFZA - Dubai Airport Freezone
Dubai Airport Freezone (DAFZA) is one of the most prestigious and advanced free zone in Dubai. It was established in 1996 by the Government of Dubai pursuant to Law No 2. Its strategic location next to one of the busiest airports in the world is one of the major advantage for investors looking to set up company in DAFZA – Dubai Airport Freezone.
DAFZA provides an ideal base to do business in the Middle East by providing a business-friendly environment, world class infrastructure, tax exemptions, full repatriation of earning, total ownership and exceptional facilities. The Dubai Airport Freezone (DAFZA) operates in one of the largest and fastest growing economic free zones within the MENA Region. In fact the success of Dubai Airport Freezone truly reflects the success of Dubai. The commitment to delivering quality across services is even recognized by worldwide certificates held by Dubai Airport Freezone: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, ISO 27001:2005, ISO 10002:2004 and ISO 20000-1:2005.
Key Benefits of Company Formation in Dubai Airport Freezone (DAFZA):
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- No currency restrictions,
- Strategic location next to Dubai Airport,
- State-of-the-art infrastructure and facilities,
- 24/7 customs services and rapid cargo clearance,
- Dedicated logistics center.
Characteristics of DAFZA Company Setup:
Location:
Dubai Airport Freezone (DAFZA), Dubai, (U.A.E.)
Proposed activity:
Trading/Service/Industrial activities can be carried out in DAFZA Free Zone
License available:
Commercial trading/General trading, Service and Industrial license are available options for DAFZA Company Setup
Type of entities:
FZCO (single or multi shareholders with limited liability) and Branch
Shareholder:
Shareholder for DAFZA Company Can be Individuals or Corporate entity (maximum 50)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 1,000/- (1 share of AED 1,000/- each) for DAFZA 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 DAFZA (licensing authority)
Estimated time:
3 to 4 weeks to obtain trade license of the company and register a company in DAFZA
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis
DAFZA Company Setup Process:
- Identify the legal form of company to be registered in Dubai Airport Freezone,
- Select activity from DAFZA activity list,
- Apply for name and initial approval,
- Payment of fees related to DAFZA business set up,
- Sign DAFZA company registration and incorporation documents,
- Apply for DAFZA residence visa.
Documents Required for DAFZA Company Registration:
The documents required for business set up in DAFZA 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,
To know more about the complete requirements for company formation in DAFZA Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Setup Cost in DAFZA – Dubai Airport Freezone:
DAFZA Company Setup begins from AED 46,000/-
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 DAFZA Free Zone.
Other Notes for DAFZA/Dubai Airport Freezone 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 DAFZA Free Zone. Our company acts as a one stop solution for DAFZA company incorporation services.
If you are looking for DAFZA 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 DAFZA Free Zone.
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.
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)
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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Copyright © 2020 Global Business Services.