Business Setup in Dubai Airport Free Zone (DAFZA)
Business Setup in Dubai Airport Free Zone (DAFZA)
Welcome to Dubai Airport Free Zone (DAFZA) – a world-class business destination for companies seeking growth and global opportunities. At Prodigy Corporate Services, we are proud to offer comprehensive business setup solutions within this thriving economic hub.
DAFZA is strategically located near Dubai International Airport, providing seamless connectivity to major global markets. This dynamic free zone offers a host of advantages, making it an ideal choice for businesses looking to establish a presence in the UAE.
As a leading business setup company, Prodigy Corporate Services is well-versed in the unique benefits and opportunities that DAFZA provides. Our team of experienced professionals is dedicated to guiding and supporting entrepreneurs, startups, and established companies throughout the entire setup process.
When you choose DAFZA as your business destination, you gain access to a range of incentives. These include 100% foreign ownership, exemption from corporate and personal income taxes, and repatriation of capital and profits. Such favorable conditions foster an environment conducive to growth and success, allowing businesses to focus on their core operations.
At Prodigy Corporate Services, we understand that navigating the intricacies of business setup can be overwhelming. That’s why we offer a comprehensive suite of services tailored to meet your specific needs. From company registration and licensing to visa processing and office space solutions, our team is equipped with the expertise to simplify the setup process and ensure compliance with all legal requirements.
Furthermore, our extensive network of industry contacts and local partners allows us to provide valuable insights and connections that can give your business a competitive edge. We are committed to delivering exceptional service, ensuring a smooth and efficient setup experience for our clients.
Join hands with Prodigy Corporate Services to unlock the vast potential offered by Dubai Airport Free Zone (DAFZA). Let us be your trusted partner as you embark on a journey of growth and success in one of the most dynamic business environments in the world.
Contact us today to learn more about how we can assist you in establishing your business in DAFZA and achieving your entrepreneurial goals. Prodigy Corporate Services – your gateway to success in Dubai Airport Free Zone.
Benefits of Registering A Company In Dubai Airport Free Zone (DAFZA)
Registering a company in Dubai Airport Free Zone (DAFZA) offers a range of benefits for businesses. Here are some key advantages:
- Strategic Location: DAFZA is strategically located near Dubai International Airport, providing businesses with easy access to global markets. Its proximity to one of the busiest airports in the world facilitates efficient logistics and supply chain management.
- Infrastructure and Facilities: DAFZA boasts state-of-the-art infrastructure and world-class facilities, including modern office spaces, warehouses, and business centres. These facilities are designed to meet the diverse needs of businesses across various industries.
- 100% Foreign Ownership: Companies registered in DAFZA can have 100% foreign ownership, allowing entrepreneurs and investors to retain full control of their businesses. This offers greater flexibility and enables businesses to capitalize on opportunities without the need for a local sponsor.
- Tax Benefits: DAFZA offers attractive tax benefits, including exemption from corporate and personal income taxes for a period of up to 50 years. This favorable tax environment enhances profitability and provides businesses with a competitive edge.
- Repatriation of Profits: Companies operating in DAFZA enjoy complete repatriation of capital and profits, allowing businesses to transfer their earnings back to their home countries without restrictions. This provides financial flexibility and maximizes returns on investment.
- Customs Privileges: DAFZA offers customs privileges, including exemption from customs duty for goods imported or exported within the free zone. This facilitates seamless import and export activities, reducing costs and streamlining operations.
- Business Support Services: DAFZA provides a range of business support services to facilitate company setup and operations. These services include assistance with company registration, licensing, visa processing, legal and administrative support, and access to networking opportunities.
- Connectivity and Access to Markets: Dubai serves as a global hub for trade and business, offering excellent connectivity to regional and international markets. Companies in DAFZA can benefit from the city’s robust transportation infrastructure, advanced telecommunications, and logistics capabilities.
- Talent Pool: Dubai attracts a diverse and skilled workforce from around the world. By registering in DAFZA, businesses gain access to this talent pool, enabling them to recruit and retain qualified professionals to support their growth and expansion.
- Networking and Collaboration Opportunities: DAFZA fosters a vibrant business community, providing ample opportunities for networking, collaboration, and knowledge sharing. Companies can connect with like-minded businesses, industry experts, and potential partners, enhancing their growth prospects.
These benefits make DAFZA an attractive choice for businesses seeking a favorable business environment, exceptional infrastructure, and access to global markets. By registering a company in DAFZA, businesses can position themselves for growth, profitability, and success in the dynamic Dubai business landscape.
What Is The Process Of Registering A Company In Dubai Airport Free Zone (DAFZA)?
The process of registering a company in Dubai Airport Free Zone (DAFZA) involves several steps. Here is an overview of the registration process:
- Initial Inquiry: The first step is to conduct initial research and inquiry to determine if DAFZA is the right choice for your business. Gather information about the benefits, facilities, and requirements of DAFZA.
- Application Submission: Once you have decided to proceed, you will need to submit an application to DAFZA. This application typically includes details about your business, such as the proposed company name, business activities, shareholders, and share capital.
- Legal Documentation: Prepare the necessary legal documents required for company registration. This may include a copy of the passport and visa of the shareholders, a Memorandum of Association (MOA), and Articles of Association (AOA). These documents will define the company’s structure, objectives, and internal regulations.
- Office Space Selection: Select the appropriate office space within DAFZA that suits your business requirements. DAFZA offers a variety of options, including flexi-desks, executive offices, and warehouses.
- Trade Name Reservation: Once your application is approved, you can proceed with reserving your company’s trade name. This step ensures that your chosen name is unique and available for registration.
- Licensing: Obtain the necessary licenses for your business activities. DAFZA offers various types of licenses, such as trading, industrial, and service licenses. The specific license(s) you require will depend on the nature of your business activities.
- Lease Agreement: Sign the lease agreement for your chosen office space within DAFZA. This agreement will outline the terms and conditions of your tenancy.
- Visa Processing: Apply for visas for yourself and your employees, if applicable. DAFZA provides visa services to facilitate the relocation and employment of foreign employees.
- Company Formation and Registration: Once you have completed all the required documentation and obtained the necessary approvals, your company will be formally registered with DAFZA. This step typically involves paying the registration fees and obtaining the trade license.
- Commence Operations: After completing the registration process, you can start operating your business within DAFZA. Ensure compliance with all applicable laws, regulations, and reporting requirements.
It’s important to note that the registration process may vary depending on the type of company, business activities, and other specific requirements. It is advisable to seek professional assistance from a reputable business setup company, like Prodigy Corporate Services, to ensure a smooth and efficient registration process in DAFZA.
What Are The Documents Required To Register A Company In Dubai Airport Free Zone (DAFZA)?
To register a company in Dubai Airport Free Zone (DAFZA), you will typically need to prepare the following documents:
- Application Form: DAFZA’s official application form, filled out completely and accurately. This form collects essential information about your company, including the proposed name, business activities, shareholders, and share capital.
- Passport Copies: Copies of the passports of all shareholders and directors involved in the company. Passports should be valid for at least six months.
- Visa Copies: Copies of valid UAE residence visas for all shareholders and directors. If the shareholders or directors do not currently hold UAE residence visas, this requirement can be fulfilled after company registration.
- Bank Reference Letter: A bank reference letter for each shareholder and director, demonstrating their good standing and financial stability. The letter should be issued by a recognized financial institution and include the account holder’s name, account number, and account balance.
- Memorandum of Association (MOA): The MOA is a legal document that outlines the company’s structure, objectives, and internal regulations. It should be prepared according to DAFZA’s requirements.
- Articles of Association (AOA): The AOA defines the company’s internal management, decision-making processes, and shareholder rights. It should be drafted in accordance with DAFZA’s guidelines.
- Board Resolution: A board resolution authorizing the establishment of the company and designating the individuals who will act as shareholders and directors. The resolution should be signed by the authorized representatives of the existing company, if applicable.
- Share Capital Confirmation: Documentation confirming the payment of the share capital. This can include bank statements or any other relevant financial records.
- Office Space Agreement: A copy of the lease agreement or tenancy contract for the office space within DAFZA. This document should specify the office address, size, and lease duration.
- Business Plan: A comprehensive business plan outlining the company’s objectives, proposed activities, market analysis, and financial projections. The business plan demonstrates the viability and potential of the company.
- Other Documents: Additional documents may be required based on the nature of your business activities or specific requirements of DAFZA. These can include licenses, permits, or certifications related to your industry.
It’s important to note that the document requirements may vary based on the type of company and the specific circumstances. It is advisable to consult with a reputable business setup company, such as Prodigy Corporate Services, for accurate and up-to-date information on the required documents for registering a company in DAFZA.
What Is The Cost of Registering A Company In Dubai Airport Free Zone (DAFZA)?
- Registration Fees: DAFZA charges an initial registration fee, which typically includes the company name reservation, initial approval, and registration processes. The registration fee can range from AED 10,000 to AED 15,000 or more, depending on the type of company and its activities.
- License Fees: DAFZA offers various types of licenses, such as trading, industrial, and service licenses. The cost of the license will depend on the chosen business activity and the number of shareholders involved. License fees can range from AED 10,000 to AED 30,000 or more per year.
- Office Space Rental: The cost of office space within DAFZA will depend on the size, location, and facilities provided. The rental prices can vary significantly based on your specific requirements. Flexi-desk options can start from AED 15,000 to AED 30,000 per year, while office spaces and warehouses can range from AED 30,000 to AED 100,000 or more per year.
- Visa Fees: If you require visas for yourself or your employees, there will be associated costs. Visa fees include application fees, medical examination fees, and visa stamping fees. The costs can vary depending on the number of visas required and the visa category.
- Miscellaneous Costs: Additional costs may include notarization and translation fees for legal documents, professional fees for legal or consulting services, and any other specific requirements related to your business activities.
FAQ'S
Frequently Asked Questions
What types of companies can be registered in DAFZA?
DAFZA allows the registration of various types of companies, including free zone establishments (FZEs) and free zone companies (FZCs). These can be engaged in trading, services, industrial activities, or other approved business sectors.
Can I have 100% foreign ownership of my company in DAFZA?
Yes, DAFZA allows 100% foreign ownership of companies registered within the free zone, without the need for a local partner or sponsor.
What are the minimum share capital requirements for company registration in DAFZA?
The share capital requirements may vary depending on the type of company and its activities. DAFZA does not enforce specific minimum capital requirements, but it is advisable to consult with DAFZA or a business setup consultant to determine the appropriate capital for your business.
Can I have multiple business activities under one license in DAFZA?
Yes, DAFZA permits companies to have multiple business activities under a single license. This flexibility allows businesses to diversify their operations and explore various avenues within the free zone.
How long does the company registration process in DAFZA typically take?
The company registration process in DAFZA can take approximately two to four weeks, depending on the completeness of the documentation and the type of company being registered.
Can I rent office space on a short-term basis in DAFZA?
Yes, DAFZA offers flexible office space solutions, including short-term leases and shared workspace options such as flexi-desks. These options cater to the needs of startups, freelancers, and businesses with temporary space requirements.
What are the visa options for company owners and employees in DAFZA?
DAFZA provides visa services for company owners, employees, and their dependents. Visa options include investor visas, employment visas, and dependent visas. The specific requirements and procedures can be obtained from DAFZA or a business setup consultant.
Can I conduct trading activities within DAFZA?
Yes, DAFZA allows trading activities within the free zone. Companies can import, export, and re-export goods under their trade license within the regulations and guidelines set by DAFZA and the relevant authorities.
What ongoing compliance and reporting obligations do companies have in DAFZA?
Companies registered in DAFZA are required to comply with the laws, regulations, and reporting requirements of DAFZA and the UAE. This includes timely renewal of licenses, submission of annual financial statements, and adherence to any specific industry regulations.
Can I relocate an existing company to DAFZA?
Yes, it is possible to relocate an existing company to DAFZA. The process involves legal procedures, such as deregistering the company from its current jurisdiction and re-registering it in DAFZA. Professional guidance is recommended to ensure a smooth transition.
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