Business Setup Dubai .
Method to Start a Business in Dubai Auto Zone
By ADMIN
news-details
20
Oct

The Dubai Car and Automotive Zone were founded in the year 2000 with the aim of exporting cars to the Middle Eastern, Asian and African markets of the world. It is a perfect market place for the automotive industry catering to traders, buyers, sellers, service providers, and dealers. What makes it so perfect is that it is strategically located and thus has easy access to all the airports and seaports of the region, where the vehicles can be loaded quickly and transported throughout the area. This loading and unloading of automobiles to all the corners of the continent are made more accessible by new networks of freeways, connecting all the neighboring countries in the Middle Eastern peninsula and beyond to reach and satisfy the ever-growing demand of luxury cars to customers residing in Asia and Africa.

DUCAMZ as this free zone is commonly is called exhibits an array of distinguished brands like Al Tayer Motors, Al Habib Motors, Al Meezan Motors, Luxury Motors Limited, and other similar enterprises. With associated businesses grouped in one region, the opportunities for networking, collaboration, and cooperation are plenty. Service providers for the automotive industry are nearby making it very straightforward for businesses to get services they may require.

Features of a DUCAMZ Company

The main characteristics of a company in Dubai Autozone are:

  • The sanctioned activity in Dubai Auto Zone is trading of automobiles. Therefore, trading in spare parts is strictly prohibited
  • The type of business structures approved are Free Zone Entity, Free Zone Company, Branch Office, Subsidiary, and Joint Venture
  • The director of the company can be an individual only
  • The audit report is not expected to be tendered to the free zone authorities
  • The Business license can be renewed on an annual basis

Advantages of Business Setup in DUCAMZ Free Zone

  • Hundred per cent foreign ownership
  • No corporate or personal income tax
  • Total repatriation of profits earned and capital invested
  • Logistics and infrastructure accommodated according to the needs and purpose of DAZ
  • No restrictions on the usage of foreign currencies
  • You can hire foreign citizens, as there are no limitations in this matter
  • No import or export duties
  • No restraints on retaining foreign employees in your company
  • No limit on the number of cars imported

The authorities involved in automobile trade have a physical presence in Dubai Auto Free Zone. They are

  • Customs Inspections
  • Customs Operations
  • Shipping Agencies
  • Dubai Ports Documentation

How to Start a Business in Dubai Automotive Free Zone

Company formation in Dubai Car and Automotive Free Zone also presents a high network connection not only by transportation but also by establishing a strong link with other automobile industries. The steps to start your company in Dubai free zone are as follows

  1. The first move is to pick a trading name of your choice and getting it registered
  2. The second move is to get permission from the concerned regulatory authorities to register your business
  3. Submit the required legal documents with a duly filled application form to register your business setup in Dubai
  4. Sign the Memorandum of Association (MOA) and Articles of Association (AOA)
  5. Transfer the share capital
  6. Sign the lease and organisation sponsorship contract
  7. Once your form is accepted, you will receive the Certificate of Incorporation and Business License

Documents Needed to Register your Business Setup in Dubai

  • Business plan
  • Proof of residence
  • Visa, Resume, and passport copies of shareholders, managers and directors
  • Bank reference letter or bank statement
  • Draft of the AOA and MOA
  • Personnel information sheets completed of each stockholder and manager

All these documents must be presented to the Dubai Companies Registrar.

Jebel Ali Free Zone Authority (JAFZA) manages the DUCAMZ and controls business incorporation and licensing in this free zone. JAFZA makes business registration seamless by installing administrative offices in a convenient location. The free zone authority intends to encourage investment and business incorporation in the free trade zone with clear procedural matters. Depending on current availability, DUCAMZ has office space, warehouses, workshops and car showroom space for lease readily available.

Why Us?

We at KWS Middle East is a premier business setup consultancy that will help you to start a business in the UAE and all of its multiple free zones. Our services include business incorporation, bank account opening, IP, accounting and bookkeeping, procurement of business license, and so on. Contact us today- we will be happy to serve you.

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