COMPANY FORMATION IN DUBAI AIRPORT FREE ZONE - ACE Tax Consultant

COMPANY FORMATION IN DUBAI AIRPORT FREE ZONE

DAFZA houses over 1,450 companies, including many of the world’s most recognized brands

Dubai Airport Free Zone: DAFZA company formation, licenses and more

Dubai Airport Free Zone (DAFZA) – Get your DAFZA License for company formation without any hassle & hidden cost. Contact Shuraa Business Setup for more details.

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.

Steps to set up your business in Dubai Airport Free Zone

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:

  • Immigration card
  • Entry permit
  • Stamping, medical test, and Emirates ID

It is also a requirement to submit the following documents:

  • Passport copy
  • Visa copy
  • EID copy (if applicable)
  • Passport sized photograph
  • Business Plan

Depending on the opted activities, you may need to submit additional documents.

4- Select the most suitable office space
5- Open a bank account

Legal structures permitted
  • Free Zone Company (FZC)
  • Branch of a foreign company
  • Branch of a local company

Additionally, you will need a bank share capital letter if your company’s share capital is greater than AED 150,000.

Benefits of DAFZA company formation
  • 100% foreign ownership
  • No personal, income, or corporate taxes
  • Full repatriation of capital and profits
  • Simple and quick set up process
  • 24 hours security services
  • World-class infrastructure for trading
  • Dedicated logistics centre
  • Rapid cargo clearance
  • Exemption from all import and export duties; however, you can’t import into mainland

An added benefit is that various government services are available within the jurisdiction. These services include:

  • Notary
  • 24 hours customs service
  • Banks
  • Telecommunications providers

Business licenses offered at Dubai
  • Airport Free Zone
  • Trading
  • General trading
  • Industrial license
  • E-commerce
  • Service license
  • Freelancer permit/talent pass

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.


Activities permitted at DAFZA

DAFZA offers a wide variety of activities for business owners to choose from. Some of these activities include:

  • Investment
  • Building materials
  • Insurance
  • Aircraft and spacecraft
  • Chemicals
  • Mobile trading
  • Waste trading
  • Business and management consultancy
  • Legal services
  • Architectural activities
  • Engineering activities
  • Transport, shipping and storage
  • Motor vehicles and auto spare parts

Facilities offered at the free zone
  • Flexi desk
  • Executive offices
  • Warehouses
  • Storage spaces

License renewal process

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.


Business liquidation process

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:

  • Cancellation of visas
  • Termination of lease agreement
  • Closure of bank account

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.

Frequently Asked Questions for Dubai Airport Free Zone

Can I renew my license without being in Dubai?
Yes, you can pay the renewal fees and renew your license remotely by using a registered agent and an authorization letter.
It takes less than a week to get your license to start your business in the DAFZA free zone.
No, you have 100 % ownership and do not require to have a local partner to start your company.

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.

It is possible to transfer a license from another UAE free zone to DIC. However, in order to transfer your license to DIC, you will need approval from the Dubai Development Authority (DDA).
Yes, most businesses in the United Arab Emirates require office space. There are different choices and bundles that accompany picking the right office for the perfect add up to suit your organization.