- Posted by: TeamFZ
- Category: All Blog Posts
Dubai Airport Free Zone Authority (DAFZA) is considered among the most reputable and innovative free zones in Dubai. It provides an attractive ecosystem for businesses with various benefits. These benefits include a strategic location, modern infrastructure, and a plethora of other business running support services. The perks go beyond the traditional expectation of tax and customs benefits, including various factors that make it a most wanted and suitable location for any entrepreneur looking to grow their global reach.
DAFZA’s Strategic Location
DAFZA is strategically located next to the Dubai International Airport, which is one of the crowdest an busiest airports in the world. This beneficial geographic location ensures easy accessibility to the main trading nations in less span of time, making more opportunities for global business connectivity. It is a gate link for Australia, NZ, South Asia, South East Asia with the middle eastern countries and West and vice versa. This location enables businesses to reach their targeted customers and render the supplies easily. The neighborhood is a buzzing hub of activity, ensuring great visibility and a steady supply of clients for businesses operating in the free zone.
Multiple international and local freight forwarding companies work within the DAFZA, providing services like customs clearance, warehousing, freight transport and cargo handling. The onsite customs offices offer smooth and trustable customs clearance services, saving time and promoting faster processing of goods.
Tax and Customs Duty Exemptions
Company Setup in UAE has the most significant benefits as there is exemption on the corporate taxes and customs duties. These benefits help the companies to get the best return on their investment and increase the profit margin. The DAFZA provides 100% return on the capital and encourages investors to do their business without fearing of capital lockup. These kinds of monetary incentives play an important role in encouraging an ecosystem conducive to company’s growth and well being.
World-Class Infrastructure of DAFZA
The world class infrastructure, modern technological facilities and proper logistics solutions are the most attractive factors of Dubai Airport Free Zone (DAFZA). Facilities like telecommunication systems, ample offices and warehouse spaces enable businesses to function smoothly and efficiently.
DAFZA is known for its large-spaced warehouses, which provide flexible areas for production, storage, and distribution needs. Advanced technologies are used to build these warehouses, which store goods by prioritizing safety measures. These warehouses provide businesses whose goods are perishable with cold storage facilities. These temperature-controlled environments are important for industries producing products like foods and pharmaceuticals.
How to Start a Business in Dubai Airport Free Zone (DAFZA)
For business setup in DAFZA (Dubai Airport Free Zone), you would need to follow these general steps:
- Research and Planning:
Before setting up any business, you should conduct a thorough market research to find out the success ratio of your business idea in the particular area. Make a proper business plan that shows your company’s goal, target audience, service/product, different investment and marketing strategies and the financial projections.
- Business Activity and Legal Structure:
Find out the type of business you want to set up and work on. DAFZA provides various kinds of business activities across different industries. First, determine your company’s legal structure, such as a Free Zone Establishment for a single shareholder or a Free Zone Company for multiple shareholders.
- Initial Application:
Submit your required application to DAFZA, which includes all the important information and documents. The needed documents may contain your business plan, copies of passports of the directors or shareholders, their profiles and a NOC from their sponsor (if applicable). FZ Business Consultancy will help you with all these application processes.
- Legal Documentation:
Sign the shareholder agreements, other necessary contracts, and the Memorandum and Articles of Association (MOA/AOA). Lease a DAFZA office or warehouse space based on your needs as a business.
- Capital Requirements and Bank Account:
DAFZA will ask you to fulfill the minimum capital requirement for setting up your company. Create a corporate bank account at your preferred bank. Our expert consultants have contact with several banks to assist you in this process.
- Office Setup and Operations:
Comply with all legal requirements related to employment, accounting, and reporting. Set up your office or warehouse space according to DAFZA’s guidelines and regulations.
Last Words
It is essential to note that the specific needs and processes may vary from business to business. That is why it is advisable to avail services from business setup consultants such as FZ consultancy, which will guide you through the procedures and ensure compliance and all regulations to start your business in UAE.
We at FZ consultancy are here to assist you in the DAFZA incorporation process, to make it easy and manageable. We will take care of all your formation, administration and administration, giving you more time to focus on your business setup in Dubai.