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
- Types 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 :Minimum of 5 – 6 working weeks to obtain final trade license
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
| Type of license applying for | FZ LLC – Individuals | FZ LLC – Corporates | Branch |
|---|---|---|---|
| Aerospace, Airport Service Aviation & Manufacturing | 1,000,000 | 500,000 | NA |
| General trading license | 150,000 | 150,000 | NA |
Audit:
Annual audit report not required
Estimated time:
10-14 days for incorporation & setting up a company, another 8 days for immigration. Visa may take approximately 7-10 days on normal basis
Renewal:
License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.
Documents Required:
Shareholder: Individual:
- Application form for registration & license to be duly filled & signed
- Business plan
- Passport copies with visa page of owners/manager
- Profile/CV of the owners
- Letter of authorisation
- One PP size colour photo with white background
- Bank reference letter
- Tourist/visit visa copy of owners/manager
- Entry stamp page for owners/manager
- NOC for owners/manager if holding UAE visa
Shareholder: Corporate:
- Application form for registration & license to be duly filled & signed
- Business plan
- Two years audited/financial reports
- Passport copy with visa page of manager
- Letter of authorization
- One PP size colour photo with white background
- Applicants personal details (CV)
- Following doc’s of corporate entity to be attested with UAE consulate in country of corporate entity: COI/MOA/AOA/POA/Board resolution
- Tourist/visit visa copy of manager
- Entry stamp page for manager
- NOC for manager if holding UAE visa
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.