Set Up a Business in DAFZA Free Zone
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Home to more than 1800 companies and over 15,000 professionals, DAFZA (Dubai Airport Free Zone Authority) is one of the fastest-growing free zones in the UAE. Established in 1996, DAFZA is a business hub that serves as a bridge to the African markets as well as Europe, the Indian Sub-Continent and the Far East. DAFZA is strategically located in the middle of Dubai, making it easily accessible to all parts of the countries through the main highways and advanced transportation systems.
Company Formation in Dubai Airport Free Zone has become the emerging trend for inviting foreign investment. These companies deal in different business entities like IT & telecommunication, pharmaceuticals, food, aviation, cosmetics, freight and logistics and engineering etc.
DAFZA manages the licensing and business registration and provides excellent opportunity for businesses that wants to start a new business in Dubai. Companies registered with DAFZA can either be a free zone company or a branch company that does the same business as the parent company. This free zone is perfect for business entities such as airlines, trading, cargo and service companies.
DAFZA (Dubai Airport Free Zone) is a house of MNC (multinational companies) and SME (small and medium enterprises). Companies registered in DAFZA gets the advantage of direct access to Dubai International Airport and Port Rashid, making trading by air and the sea a lot more easy and accessible.
The free zone also provides a wide range of solutions that are flexible according to your company needs. Whether you are looking for fully furnished office, different space sizes, warehouses light industrial units or retail outlets, they have the perfect facility for you. All their authorities being under one building to facilitate customers with all of their business requirements makes it easy without having the need to run around. DAFZA is known to be one of the most disciplines free zones in the region.
Types of Licenses in DAFZA
Dubai Airport Free Zone License is a key to starting a business in the UAE. There are four types of licenses for starting a business in DAFZA Dubai. If any foreign investors have this license; they are free to perform business activities in this ideal location. Different types of licenses are mentioned here.
Allows businesses to do trading activities that include exports, imports, re-export, distribution, and storage of specific products.
Suitable for a service-oriented business that allows an entity to provide services mentioned in the license.
This allows holders to undertake light manufacturing activities, packaging, and assembly.
E-commerce businesses will need this license to set up their online shop and run business to trade goods and services.
Set Up a Business in DAFZA
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Benefits of a business set up in DAFZA
100% foreign company ownership
Businesses can operate 24 hours a day
Direct access to customs, immigration facilities, etc
Easy access to more than 100 countries through 130 airlines
100% income tax free
Freedom of repatriation of capital and profits
Outstanding infrastructure and feasibility
Massive logistics center and multiple cargo managing facilities
Direct link to Government for the clearance matters like immigration and custom
Rapid and feasible approach to the world market
Proper handling and managing services under one roof
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The Process of Business Set Up in DAFZA
DAFZA has formed an easy process for formulating companies in the free zone. The procedure is easy to comprehend. The process of registration is in three steps which are necessary.
Select the entity, license, and facility
The basic step is to choose the type of business entities i.e. a free Zone Establishment or a branch office.
The required license is first and foremost. Your license must be according to the business activities.
Lastly, the selection of location has the greatest importance. DAFZA offers different types of locations in this regard.Submission of Documents
Application Form
Letter of Intent
Brochure of your existing company (if available)
6-month bank statement of shareholder/annual financial report (not applicable for new registration)
CV and copy of Manager’s passport
CV and copy of shareholder’s passport
Original bank reference letter for each shareholder
NOC by the current sponsor for the manager
Approval are required from the third-party authorities according to business activities, e.g. IT, pharmaceutical companies, and media.Collect Business License
Submission of fee and receiving license
Signing at least agreement
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