Dubai Auto Zone (DAZ)
was established in 2000 with the purpose of exporting automotive products
on the Asian and African markets with an increasing demand in this field. DAZ
is a business market
which attracts foreign direct investments
due to an advantageous tax regime
and state incentives offered to foreign investors opening a company
here. Our Dubai lawyers
can present to you the information you need to know about the business opportunities arising in DAZ
Tax system and incentives in DAZ
The main authority in DAZ
is Jebel Ali Free Zone Authority
, providing licenses and administrations services to companies
set up here. In order to receive a license in DAZ
, your company must have operations in the trading automotive field
. Please note that the DAZ legislation
prohibits trading of spare parts or parts of cars; our attorneys in Dubai
can offer you more information about this provision.
The most important tax exemptions and incentives
applied to companies in DAZ
are the following:
• full foreign ownership;
• full repatriation of profits and capital;
• no restrictions on currencies;
• you can hire foreign citizens, as there are no restrictions in this matter;
• logistics and infrastructure adjusted to the needs and purpose of DAZ.
Legal entities in DAZ
• free zone enterprise;
• free zone company ;
• branch of a foreign or local company;
• joint venture.
According to the DAZ legislation, if you want to set up a free zone enterprise or a free zone company you should have a minimum share capital of AED 100,000; the shareholders of the company can be individuals or other companies.
If you need further information on the Dubai Auto Zone
, please contact our law firm in Dubai
, who can offer you legal representation on your business matters in Dubai.