Dubai Airport Free Zone (DAFZ) can represent, for a foreign investor, the perfect place to set up a business activity, as the area, founded in 1996, was established in order to facilitate international business relationships. The main regulatory body is the Dubai Airport Free Zone Authority, entitled to offer trade licenses for international investors. One should know that our lawyers in Dubai can offer you more details about the legal framework under which the Free Zone functions.
Company types available in DAFZ
If you plan on investing in DAFZ, you should know that DAFZ Authority has approved two types of company formation:
1.The Free zone Establishment for which it is required to have at least one shareholder, who can be an individual or a company and the minimum share capital has to be AED 1,000;
2.The branch office of a foreign company - this type of company doesn’t require a minimum capital share. Our attorneys in Dubaican offer you legal assistance on this matter.
If you plan to open a companywith operations in the import/export field, you should know that DAFZ Authority will require you obtain a license, which would also attest the right to distribute or store the imported products. If your company has services related operations, it will also need a license. Our Dubai lawyers can provide you with relevant information about these documents.
Tax benefits for investors in DAFZ
Since the establishment of DAFZ in 1996, more than 1,600 companies were opened here and the area has become one of the most competitive in the region, due to a welcoming tax regime. DAFZ is free of corporate tax, of import/export tax and of income tax. There are also no restrictions on the use of various currencies. Our lawyers in Dubai can explain to you the financial framework available here.
DAFZ allows 100% foreign ownership in the case of the investors setting up a business here. Another attractive measure for investors is that DAFZ accepts 100% the repatriation of capital and profits. DAFZ has a strategic location, near Dubai International Airport, which can offer a logistical advantage to your business, as the airport has access to 220 countries.
We have prepared a video about how to set up a company in Dubai Airport Free Zone:
If you need further information on the DAFZ and legislation available here, pleasecontact our law firm in Dubai, who can offer you assistance on this matter.
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