Company Formation in Dubai Airport Free Zone (DAFZA)
Business Formation in Dubai Airport Free Zone (DAFZA)
Dubai Airport Free Zone (DAFZA) is a free economic zone that was established in 1996. It is the government’s idea for the UAE economy to be more driven. Nowadays, it is seen as one of the fastest growing free zones in the country. It’s been inviting a lot of investors in for company formation in Dubai Airport Free Zone. contributing 4.7% to Dubai’s gross domestic product (GDP).
There are currently 1,600 organizations that are being housed in the inner-city of Dubai Airport Free Zone. These Dubai free zone companies are from different parts of the world, covering various business industries. Such as electronic and electrical, IT and telecommunications, pharmaceutical and cosmetics, engineering and building materials, aerospace and aviation, logistics and freight, food and beverage, etc. Its area holds about 696,000 square meters wherein a good number of building and warehouse are located. This gives the investors to have alternatives for their DAFZA business setup. That is even affordable. As some of the free zone company registration Dubai fees.
Dubai Free zone companies situated in this Dubai free zone authority. Enjoy what they have to offer, like conference rooms, a business lounge, purpose-built units, telecommunication services. And a lecture hall.There are other leisure things that they can even enjoy to ensure that they have a pleasant stay. They also have a Tasheel DAFZA to accommodate business owners with their concerns.
Business setup in DAFZA, like any other free zones, has its systematic way of processing free zone business setup in dubai. Once a final decision from your side is reached with regard to your Dubai airport free zone company formation. It is advisable that you contact any firms with business setup in DAFZA. Most, if not all, business setup in Dubai Airport Free Zone are done with the help of a consultant. This is because consultants are able to provide you with the information you need when it comes to Dubai free zone company formation. When you are aware of the Dubai free zone company setup cost. You can easily have a good budgeting plan for your financial side of things. In order for you to know what went out in the first steps you took for your Dubai airport free zone company formation. It is also important that you are aware of Dubai free zone license cost to add to your more informative budgeting plant.
Moreover, just another benefit that you gain in having a consultant on your side is that, You do not only get to ask about Dubai free zone company formation cost. But also about the documents required for trade license renewal in Dubai. Before you dive into this venture, they will ensure that you are fully informed about DAFZA rules and regulations. And the main advantage of this, of course, is that they take full responsibility for your business setup company in Dubai. Having the right people to take care of your affairs will ensure that everything is done properly and in the correct manner.
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Following industries you can setup in DAFZA
We cover all the following industries, even if your industry not in list you can consult with us we can help you setup.
Benefits of Setting up Business in DAFZA
Business setup in UAE free zones is known as a normal venture by business owners that visit the UAE. Business formation in Dubai has been rising in DAFZA for more than two decades now. It has continuously been a great help to the economy of UAE, as it invites more and more investors for company formation in Dubai airport free zone.
Dubai free zone company registration costs can be considered as one of its advantages as well as it is not as expensive as others. Some of the significant benefits of Dubai Free Zone, however, are listed below:
Benefits of Dubai Airport Free Zone business setup
- 100% ownership for foreign investors
- No income tax
- Full profit and capital repatriation
- Minimal import and export duties
- Faster licensing and setup for business
- Low startup cost
- Stable and transparent regulations and laws
- No currency restrictions
Business Setup Requirements & Procedure
Documents Required for Dubai Airport Free Zone Company Registration:
- Application form (our firm’s task)
- Letter of Intent (our firm’s task)
- Your existing company brochure (if available)
- Annual financial report or shareholder(s)’ 6-month bank statement for the shareholder not applicable for new registration
- Copy of the manager’s passport and his CV
- Copy of shareholder(s)’ passport and CV
- Original (not a copy) bank reference letter (for each shareholder)
- No Objection Letter by the current sponsor for the manager (if a resident of UAE and a UAE employment visa-holder)
- Initial approval(s) from the third-party authority(s) in case your business activates required such approvals, e.g., media, IT, pharmaceutical
Additional Documents Required for a Corporate Shareholder and for Branch:
- Attested and notarized Memorandum of Association/Article of Association. It must be attested from the UAE Embassy at the place of origin.
- Board resolution to be resolute by the board of directors for your existing company/entity at the place of origin. Expressing intent of establishing a new setup abroad. It must be attested and notarized by the UAE Embassy (template will be forwarded by our firm)
- Certificate of registration (if applicable) for your existing company or entity, license. Or certificate of incorporation of your existing company or entity attested. And notarized by the UAE Embassy
When all the above is complete. your business license will then be issued along with the share capital certificate if the capital is paid in full.
The procedure of processing your business setup in DAFZA will range from 2 to 4 weeks.
- The procedure of processing the company setup would range from 2 to 4 weeks.
Support Services Offered in DAFZA
The business setup consultants of FAR Consulting Middle East handle the entire process of business setup in Dubai Airport Free Zone, from the selection of the legal business entity to register, initiation of the visa processing, and submission of requirements to the application,
As company formation consultants in Dubai , we have the list of services that we are capable of providing when you let us work with you:
- General trading license
- Service license
- Service license
- National industrial license
Contact us today for a more detailed information regarding our solutions for business setup in Dubai Airport Free Zone.
Business Setup Cost in DAFZA
DAFZA is one of the leading free zones in Dubai, and offers various advantages such as infrastructure, reasonable costs, and connectivity to individuals seeking to setup a business in Dubai. Farahat & Co has a team of experienced consultants that can assist during the process of business setup in DAFZA. The below fee table represents an estimation of the costs associated with setting up a business in DAFZA. Please do not hesitate to contact us for further information on company formation as per your requirements.
Cost for Business setup in Dubai Airport Free Zone Authority (DAFZA)
Business Registration and Licensing Fees Registration Fee AED 20,000.00 Knowledge Fee & Innovation Fee AED 20.00 Cost by Trade Licence Type (Select one of the following) Commercial License Fee AED 15,000.00 Trading License Fee AED 15,000.00 Service License Fee AED 15,000.00 General Trading License Fee AED 40,000.00 Industrial License Fee AED 15,000.00 Local Branch Company Registration (Starting from) AED 15,000.00 Foreign Branch Company Registration (Starting from) AED 15,000.00 Additional Fees for Business Registration Establishment Card Issuance AED 650.00 Chamber of Commerce Fees AED 2,200.00 Visa Processing Bank Guarantee / Employee Visa deposit 45 days of basic salary + one-way ticket Employment / Residence Visa (Select one of the following) Employment / Residence Visa – In Country AED 5,010.00 Employment / Residence Visa – Out of the Country AED 3,510.00