Dubai Auto Zone Company Formation - DUCAMZ
Do you want to achieve your aspirations of a company formation in the UAE? If yes the DUCAMZ – Dubai Auto Zone company formation is your destiny toward a successful venture. Explore opportunities for commercial expansion in Dubai’s best global free zone for cars and automobiles business.
Dubai Cars and Automotive Zone (DUCAMZ) was set up in the year 2000 as a free economic area spreading over a land of 8 million sq. ft. It is designed to provide local and foreign businesses to flourish through Dubai’s strong economic network. Many airports and seaports are situated close to this zone. Economic Zones World (EZW) is the authority responsible for its administration which provides a smooth and simple process of business setup in Dubai.
DUCAMZ was founded to meet the rising demands of re-exporting automobiles to the Asian and African continents. These vehicles are easily transported over ships through a modernized highway system connected to all nearby countries including the Middle Eastern region.
Dubai Auto Zone company formation offers ease of establishing successful automobile projects on a global level. With right-handed cars you can carry out profitable export business to India, Afghanistan, Pakistan, Yemen and Africa. Meanwhile left-handed cars can allow you to establish your presence in Dubai’s local market.
Essential Benefits of Dubai Auto Zone Company Formation:
- Complete international ownership
- 100% capital repatriation
- Absolute exemptions from various types of taxes – personal, service, import and export
- Possible exemption from corporate tax subject to fulfilment of crtieria
- No limitations on currency
- Reliable assistance from the Dubai Ports Authority and other service providers – shipping, insurance, banking, auto shops, freight forwarding, etc.
Features of a 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 licenses (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
Shareholders for Dubai Auto Zone Company Formation:
Shareholders for DUCAMZ Company Can be Individuals or Corporate entities (maximum 50)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 100,000/- (100 shares of AED 1,000/- each) for DUCAMZ Company Setup & AED Nil/- in the case of the Branch office. (Required to be deposited in the 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 the bank pre or post-incorporation.
Audit for Business Setup In Dubai:
Annual audit report to be filed in DUCAMZ (licensing authority)
Estimated time:
5 to 6 weeks to obtain the trade license of the company and register a company in DUCAMZ
Another 7-10 working days for an immigration card, subject to security clearance & thereafter, visa may take approximately 7-10 working days on a normal basis.
Process for Dubai Auto Zone Company Formation:
- Identify the legal form of the company to be registered in DUCAMZ
- Select an activity from the DUCAMZ activity list
- Apply for name and initial approval
- Payment of fees related to DUCAMZ business setup
- Sign DUCAMZ company registration and incorporation documents
- Apply for a DUCAMZ residence visa
Documents Required for DUCAMZ Company Registration:
The documents required for business setup in DUCAMZ depend on whether a shareholder is an individual or corporate entity. The basic requirements are:
- Color passport copy of shareholder/director/manager
- Color UAE residence visa & emirates id copy of shareholder/director/manager
- Utility bill copy of shareholder/director/manager
- CV/Resume of shareholder/director/manager
- NOC from existing sponsor for shareholder/director/manager
- Business Plan
Dubai Auto Zone Company Formation Cost:
DUCAMZ Company Setup begins from AED 62,940/-
Other Notes for DUCAMZ – Dubai Cars and Automotive Zone Company Formation:
- Documents for Dubai Auto Zone company formation need to be legalized with UAE Embassy in case of corporate shareholder
- Company Immigration/Establishment card to be renewed every year
- Investors to have a family status UAE visa should have a share capital of AED 75,000/- and to be eligible for an Owner/Investor/Partner visa, should have a share capital of AED 60,000/-
How GBS Helps
Global Business Services DMCC has assisted many entrepreneurs with profitable projects in DUCAMZ. We hold expertise in efficiently handling all legalities, registrations and licenses required for a thriving business setup in Dubai.
We can help you from start to finish with Dubai Auto Zone company formation. Our highly-skilled professionals also guide you through the office setup process according to your requirements. Moreover, our team of experienced business setup consultants ensures a streamlined and powerful approach to company formation in the UAE.
For more information about special promotions and offers related to business setup in DUCAMZ, please call us at 050-8992852 or email us at sagar.mehta@gbsei.com. Let us help you seize the opportunities in DUCAMZ and achieve your business goals.
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
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+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.