founded Free Zone at Dubai Airport in 1996, and enjoys a strategic location in the vicinity of Dubai International Airport. With office space and storage (warehouses), the free zone is an ideal environment for companies looking to be close to major logistics hubs with state-of-the-art facilities.
Establishing a business in the Dubai Airport Free Zone is an important source of growth as it is one of the fastest growing areas in the UAE, as the Dubai Airport Free Zone has customs clearance facilities that help clear goods faster and more efficiently.
You will benefit from many unique benefits in Market access, duty-free and world-class facilities when establishing your business in the vicinity of an ideal location such as the District Al Hurra near Dubai International Airport.
Dubai Free Zone offers many advantages when establishing a business or company, including:
- Tax exemptions from corporate and individual taxes
- Communication of benefits and other incentives for foreign investors
- There is no decrease in total disposable income
- Fully private property
- There are no restrictions on liquidity. There are no restrictions on import and export taxes in all types of activity
Specify the type of business or company:
Defining the project is the first step in obtaining a commercial license, and through the project, the required legal documents are determined. The regulatory body that regulates the establishment of free zones in the country is divided into one of the following two categories:
- Free Zone Limited Liability Company
- Free Zone Corporation
The difference between the two types depends on the number of shareholders and the nature of the shareholder. Therefore, the investor is advised to seek the help of a consulting team specialized in establishing companies in Dubai. You can contact our team to help you establish your company in the Free Zone.
For those looking to set up a company in the UAE, there are a number of different partnership options available. Entrepreneurs, branch offices and offshore companies can take advantage of the various benefits offered by free zones in the UAE. ITQAN team has the experience in helping you to establish a legal entity in the form of a limited liability company.
Allows branch offices to establish a presence in any of the free zones without the need to create a new legal entity. Finally, an offshore company is a great option for those who are looking to establish their business without having to be physically present in the UAE. All of these options offer various advantages that are worth exploring when considering doing business in the UAE.
Steps for establishing a company in the free zone:
Local and foreign companies can establish branches in other free zones by providing capital requirements. Capital requirements vary across free zones in the country by region and by function. The steps include:
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Choose a trade name:
When determining the type of legal entity for your business, you should also consider choosing the right business name. In most cases, you should contact the relevant free zone authority or Department of Economic Development to find out what trade names are allowed and if the company has previously registered the name you want to use. You can seek the help of a mastering team of experts and consultants to help you establish your company.
On the other hand, the economic development departments stipulate certain conditions for approving the trade name, including:
- Not to violate public order, customs and social traditions
- must be followed by the legal entity of the company, such as: (LLC, PJSC, PJSC, FZE, FZC).
- Not to be registered or used for the same or similar activities
- It must comply with the nature of the program and the required legal form
- It should not contain sectarian names, names of governing bodies, or names and logos of local, Arab and international institutions, agencies, and organizations.
- It should not be identical or similar to local or international trademarks registered with the Ministry of Economy.
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Choice of offices and work facilities:
In the free zone, you can buy or rent an office space, and the demand for office space depends on the number of employees and the type of business activity of the company.
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Initial approvals
In order to obtain the initial approval, you will need to meet the following criteria:
- Initial approval application form
- Business plan
- Copy of current Trade License/Registration Certificate
- A colored copy of the passport of the company's shareholders, the new director of the company, or the appointed manager
- Signature form for each shareholder of the company and the directors or officers appointed by the new company
- The company's audited balance sheet and financial report, or the reference certificate of each shareholder's bank
- No objection letter from current sponsor (personal)
- The title deed of the real estate unit
- Letter of Intent
- Form with Department Manager/Business Member Registration Identification Number (Submission of the Original Duly Registered by a Notary Public)
How to register a company:
After the initial approval, you must pay the registration and licensing fees. Fees depend on the type of license required.
Documents required for registration:
- Application for registration with complete information
- The decision of the Board of Directors to appoint a manager / member in the management of the company (duly registered and approved by a notary public)
- A legal power of attorney (duly authenticated and certified by a notary public) authorizing the official / director
- The Memorandum of Association and Articles of Association (duly notarized and attested)
- Executive Director/member signature form (duly certified and certified by a notary public)
- Personal photograph of the director/director with a white background
- Information about shareholder capital
Once you decide to set up your business in the free zone at Dubai Airport ( DAFZ), you will need to provide a six-month personal bank statement. This document is an important requirement for establishing a company and is proof of your financial stability. It should include details such as your name, account number, current balance and transactions for the last six months. This document will be reviewed by the authority to ensure that you have sufficient financial resources to run your business. Once accepted, you can move on to the next step of setting up your business in Dubai Airport Free Zone.
Once your bank statement has been approved, the next step is to select the appropriate license for your business. Choosing the right license is essential to ensuring the success of your business. Dubai Airport Free Zone offers a variety of licenses that investors can choose from based on their business activities. Therefore, it is important to do research and choose the most suitable one for your business.
Once you have chosen a license, company structure, and office space, you must submit your application and pay the required fees. For companies based in the free zone at Dubai Airport, it is possible to establish a branch of its parent company in the free zone at Dubai Airport without the need for capital. Once you have paid all the fees and submitted all the necessary documents, you will be able to start your business in Dubai Airport Free Zone.
Collect your permit from Dubai Airport Freezone:
Once you have completed all the requirements and submitted the necessary documents, you will need to wait for approval from the Dubai Airport Free Zone (DAFZ). Once your application is approved, you will receive a permit from the Dubai Airport Free Zone that will allow you to operate your business in the free zone. After obtaining the permit, you can start setting up your company and enjoy the benefits of setting up your business in the Dubai Airport Free Zone.
You can contact the ITQAN team to start more success and help you establish your company in the free zone in Dubai.
