Dubai Airport Free Zone
The Dubai Airport Free Zone (DAFZ) was established in 1996 and it is located within the Dubai International Airport. DAFZ in one of the most developed free zones in the world because it offers many facilities and incentive packages for Company incorporation. The Dubai Airport Free Zone encompasses more than 1,600 companies from all areas of expertise and it continues to expand.
Benefits of the Dubai Airport Free Zone
The Dubai Airport Free Zone provides premium benefits, business solutions and incentives for investors. The main advantages of DAFZ are:
- The location in the center of Dubai
- The foreign investment incentives
- Tax deductions
Dubai companies can benefit from good infrastructure, top facilities, non-stop customs services, security and a logistic center. Foreign investors can also benefit from: full corporate tax, personal income tax, import and export tax exemptions and 100% foreign ownership for companies is permitted. Moreover, capital gains and profits can be repatriated without the appliance of any withholding taxes and any currency is accepted.
Company types in the Dubai Airport Free Zone
The most important benefit of establishing a Company in a free zone in Dubai is that full foreign ownership is allowed and in DAFZ investors can set up two types of companies: Free Zone Establishment (FZE) and Branch Offices of foreign companies. The free zone establishment can be formed by at least one shareholder and at most 50 and it must have a minimum share capital of 1,000 AED. The shareholders can be a natural person or a legal entity. Foreign companies are allowed to open branch offices in DAFZ without minimum share capital requirements.
Dubai Airport Free Zone licenses:
Foreign investors wanting to expand or start a new companies in DAFZ are required to obtain a business license for the activities of their companies. In order to incorporate a Company in DAFZ, enterprisers must choose the appropriate type of license according to the type of business they will conduct. These licenses are:
- trade licenses for importing, exporting, distributing or storing products
- Service licenses
- Industrial licenses for manufacturing, processing, assembling and packaging according to the regulations of the Dubai Airport Free Zone Authority
If you want to open a Company in the Dubai Airport Free Zone, you can contact our specialists in Company formation.