DUBAI AIRPORT FREE ZONE
Dubai Airport Free Zone (DAFZA) was established as a free economic zone in 1996 as part of the Dubai Government’s strategic plan to be an investment driven economy. Today it is one of the fastest growing free zones in the region contributing 4.7 per cent of Dubai’s GDP (gross domestic product).
DAFZA provides international investors with 100 per cent tax exemption, 100 per cent foreign ownership and no currency restrictions. The inner-city DAFZA is currently home to 1,600 companies from across the globe. These companies cover a vast number of key industry sectors including electronic and electrical, IT and telecommunications, pharmaceutical and cosmetics, engineering and building materials, aerospace and aviation, logistics and freight, food and beverage, jewelry and precious stones as well as luxury items.
BUSINESS IN Dubai Airport Free Zone
Setting up a business in Dubai with DAFZA will give you access to all the benefits of doing business from one of the world’s major business hubs, because DAFZA is set up with ease of business in mind.
Sheer Logistical Convenience
Among the main benefits to moving business to Dubai are the wealth of opportunities the location offers, and sheer logistical convenience. Dubai is not only a hub for the Middle East—a major emerging market—it is also a strategic central international location. Falling at the crossroads of Asia, Africa and Europe, Dubai also provides easy access to Central Asia, the Middle East, Africa, the Asian Subcontinent and the Eastern Mediterranean, and the rest of the world. It’s perfect for international or regional trade.
Become Part of a fast growing Economy
Dubai is a perfect example of a fast growing economy, which is characterized by rapid economic growth, and from your business location in DAFZA you are perfectly poised to take advantage of that.
DAFZA has been immensely successful over the years. From the prestigious address to the long list of ways, transition to Dubai is eased. With comprehensive, state-of-the-art facilities including abundant executive office space, warehousing and even facilities, and companies can literally walk in and start trading as soon as their business is licensed. DAFZA also have on-site customs control, with expedited processing, and health and security facilities inside the freezone.
Dubai Airport Free Zone company type
- Free Zone Establishment : A FZ-LLC is formed as a separate legal entity, with shareholders as individuals and/or entities. Each FZ-LLC is required to have at least one director.
- Branch : A branch of a foreign or a UAE company is not a legal entity separate from its parent but is considered a place of business that forms a legally dependent part of the parent company and conducts all or some of the operations inherent in the parent’s business. No share capital is required.
Dubai Airport Free Zone License type
- Trade License : For import, export, distribution, and storage of specific products.
- Service License : Obtaining a service license requires consultation with a sales executive.
- Industrial License : For light manufacturing, processing, assembling and packaging. Please note that there are regulations that govern manufacturing and processing; anything hazardous will not be approved due to proximity of the Freezone to the airport.
|Dubai Airport Free Zone|
|About the free zone||DAFZA is located in the heart of Dubai and next to the Dubai International Airport. DAFZA has an infrastructure of established offices, thermally insulated and purpose-built units, conference rooms, a lecture hall, a business lounge and telecommunication services. Companies in DAFZA cover a vast number of key industry sectors including electronic and electrical, IT and telecommunications, pharmaceutical and cosmetics, engineering and building materials, aerospace and aviation, logistics and freight, food and beverage, jewelry and precious stones as well as luxury items.|
|Number of companies||Over 1,600|
|Industry focus||Suitable for all types of companies more specifically Aviation|
|Limited liability companies||Yes|
|Minimum number of shareholders required||1|
|Minimum number of directors required||1|
|Corporate shareholders allowed||Yes|
|Corporate directors allowed||No|
|Public register of shareholders and directors||No|
|Access to UAE Double Taxation Treaties||Yes|
|Port at freezone||Dubai International Airport|
|Allowed to import and export goods||Yes|
|Commercial offices||Available as commercial offices, food courts and retail stores.|
|Industrial premises||Available as light industrial units|
|Warehousing facility||Available as light industrial units|
|Accommodation facility||Yes in close proximity|
|Major companies example||Panasonic, Boeing, Rolls Royce|