DAFZA, or the Dubai Airport Free Zone, is another common name. It was established in 1996 and is one of the free zones in Dubai and the Middle East that is growing the fastest.
It’s in a good spot, right next to Dubai International Airport. In addition, it serves as a gateway between markets in Europe, Africa, the Middle East, and the rest of Asia. Investors who are immersed in trading will find this to be convenient.
Additionally, the jurisdiction is home to more than 3,000 businesses from a variety of sectors of the economy. A portion of these areas incorporate flying, drugs, exchanging, producing, gems, operations, and IT. Additionally, it serves as Dubai Commercity’s parent free zone.
Additionally included on the list of UAE VAT-designated zones is the Dubai Airport Free Zone. As a result, DAFZA is regarded as being outside the UAE for the purposes of Value Added Tax (VAT) because it is a jurisdiction assigned by Cabinet Decision. The purpose of these regions is to provide businesses with tax breaks.
1- Determine the type of license and business activities
2- Determine the type of corporate structure
3- Application and submission of all required documents
You will need to acquire the following:
It is also a requirement to submit the following documents:
Depending on the opted activities, you may need to submit additional documents.
4- Select the most suitable office space
5- Open a bank account
Additionally, you will need a bank share capital letter if your company’s share capital is greater than AED 150,000.
An added benefit is that various government services are available within the jurisdiction. These services include:
A license to start a DAFZA business will set you back about AED 25,000. In contrast, the new freelancer permit will set you back approximately AED 9,500.
Investors can also apply for dual licenses with the Department of Economic Development (DED) through DAFZA. This empowers organizations to apply for a DED permit without the necessity to have an actual office space on central area. Businesses are also permitted to operate outside of DAFZA’s premises as a result of this.
DAFZA offers a wide variety of activities for business owners to choose from. Some of these activities include:
Businesses in DAFZA can renew their licenses in a straightforward and cost-effective manner. Starting with the second renewal of your company, you will be required to submit an audit report annually.
You will need to pay the renewal fee and send the signed lease agreement for your facility to complete the renewal process. The fact that your renewal does not require you to be physically present in the UAE and can be completed through an agent is an advantage.
Company liquidation, like renewal, does not require the owner’s physical presence and can be carried out through an agent. To complete the liquidation process, you will be required to pay a fee to the government.
The following steps must be completed before a company can be liquidated:
Contact AceTax, one of the best Dubai business setup companies, to learn more about the various options for setting up a business in the Dubai Airport Free Zone. Shuraa offers you solutions that are best suited to your company formation in the UAE and helps you resolve questions about business.
Contact our knowledgeable consultants at +971 553 810 715 or send a WhatsApp message to +91-9899795588 to begin your business journey and learn more. You can also send an email to enquiry@acetaxuae.com to get answers to your questions quickly.
Your business cannot be moved from one free zone to another. However, you can open a branch of your current business in a different free zone.
If you want your business to be in a different free zone, you will have to close it down in the current zone and start it up in a different free zone.
We, at ‘ACE Tax Consultants’, are engaged in rendering efficient Business setup and Consultancy Services viz. Company formation, Financial and Accounting Services, Management Consulting, VAT Advisory, Outsourcing Services, Project Financing, Payroll Process Outsourcing and taxation to our esteemed clients.
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