What are the benefits of establishing a business in this Free Zone?
DAFZA is home to several of the world’s most well-known businesses, which have set up business in the Middle East. The Dubai Airport Freezone (DAFZA) is one of the fastest-growing Freezones in the region. DAFZA was founded in 1996 and now houses about 1,450 businesses in various industries, including aviation, freight & logistics, IT & telecommunications, pharmaceuticals, and so on. Dubai is often recognised as one of the most attractive places in the Middle East for establishing a regional or international headquarters.
It is simple to see that Dubai is on the horizon soon for those who have an optimistic attitude. The authorities have changed the principles and rules free Articles, making it easier for business people to stay in Dubai and doing business in freezone for as long as they require.
Advantages of establishing a business in this Freezone
Dubai Airport Freezone, located near Dubai International Airport, offers 24-hour logistics services, fantastic facilities and infrastructure, as well as high-end IT. With connections to 220 locations via 130 airlines, Dubai International Airport provides convenient access to the facilities. You will be entitled to 100% foreign ownership of your firm and optional visa privileges if you establish a company in DAFZA. There are no customs duties to pay and no income or corporate tax. Labour is unrestricted, and currency is available. A variety of government services, including Immigration, Customs, and the Chamber of Commerce, are also accessible through the Freezone.
How do I get started in this Freezone?
You’ll need a business plan, passport copies, bank reference letters, and a CV/proof of education to start a company in DAFZA.
When do you think you’ll be able to start?
If all legal documentation and a bank account are in order, this should take no more than four weeks. Doing business in freezone, the lease agreement must be submitted to the authorities, and the share capital must be deposited in the bank.
What else is there to look forward to in this Freezone?
This Freezone has a lot more to offer. Apart from being a one-stop shop for all administrative services at the DAFZA, Tas’heel (E-services) is also available, and Tas’heel provides a wide range of online services for expediting renewal procedures.
Doing business in freezone requires obtaining and maintaining a licence in three categories: commercial, professional, or industrial. The Dubai Economic Department issues all of these permits. However, some types of company licences require permission from specific ministries and other agencies. The demand for offshore organisation formation in Dubai continues to be exceptionally high. New Swiss policies were passed earlier in 2010, increasing ocean-going company registration in Dubai’s cost-free trade zone. This is due mainly to your tax-free status and the option of a 100 percent refund upon the end of your firm. Offshore company registrations in Dubai are commonly done in the Ras Al Khaimah (RAK) Free Zone and the Jebel Ali Free Zone.