Tuesday, September 1, 2020

DAFZA: Business Setup in Dubai Airport Free Zone Authority


 

Dubai Airport Free Zone Authority (DAFZA) was established in 1996 and is now one of the fastest-growing free zones in the Gulf and the Middle East. It is located adjacent to the Dubai International Airport, which makes it one of the most sought-after free zones.  It offers a variety of facilities and a very good infrastructure. It is home to more than 1600 companies and 15000+ professionals.

Why DAFZA? 

  • A strategic location as it is situated next to the Dubai International Airport along with world-class infrastructure which provides clients an upper hand to perform all business activities efficiently and effectively 
  • It offers 24/7 customs services and rapid cargo clearance 
  • Dedicated logistics center 
  • 100% corporate tax exemption 
  • 100% personal income tax exemption
  • 100% import and export tax exemption
  • 100% foreign enterprise ownership
  • 100% repatriation of capital and profits
  • No currency restrictions

The DAFZA Company Formation Process- 

The process is quite easy. It involves the three basic steps- 

  1. Choose your license type 
  2. Choose your company type 
  3. Choose your space 

The types of licenses for a DAFZA company formation

Trading License:

Allows importing, exporting, distributing, consolidating, and storing almost all product types. 

Industrial License:

Allows the implementation of all light production activities that are specified in the license. 

Service License:

Allows the carrying out of service or consultancy activities specified in the license. 

E-commerce License:

With this license, permission is given to trade goods and services online. 

General Trading License:

This license allows the holder to trade in general activities such as import, export, re-export, storage, and distribution. 

Dual License with DED:

This license allows DAFZA-registered companies to apply for a DED (Dubai Department of Economic Development) Licence without any need for physical office space on the mainland. Basically, businesses possessing this license can operate out of DAFZA. 

Available Business Structures

Business Structures available at DAFZA

1. Free Zone Limited Liability Company

A free zone limited liability company in DAFZA can be a wholly owned company or an independent legal entity. At least one director is required. 

2. Branch Company

It is the branch of an existing company with no share capital requirements. 

Offerings of Dubai Airport Free Zone Authority

Facilities available at DAFZA

  • Office space
    • Licensing, registration, and insurance 
    • Fully furnished  
    • IT equipment and services 
    • Housekeeping 
    • Reserved Parking 
  • Power availability up to 200kW which suits all business sizes 
  • Warehousing and Industrial Space 
  • Cold Storage 
  • Retail Outlets 
  • Light Industrial Units 
  • DAFZA Industrial Park
  • Twenty employment visas for spaces 350 sqm. and below 
  • Thirty employment visas for spaces above 350 sqm. 
  • Thirty-Three warehouses 
  • Ten cold-storage enabled warehouses 
  • 312 sqm. average warehouse size 
  • 117 sqm. is the average office area per warehouse (Blocks C & D) 
  • 7.9 m minimum warehouse height 
  • 11.1 m maximum warehouse height 
  • Individual loading and unloading areas 
  • Daylight adaptive design 

The Business Activities permitted in Dubai Airport Free Zone

Variety of business activities to select from

  • Education 
  • Banks, Finance and Credit 
  • Investment 
  • Insurance 
  • Restaurants, Bars and Canteens 
  • Railway 
  • Aircraft and Spacecraft 
  • Petrol/ Crude Petrol/ Oil and Natural Gas 
  • Electronics and Electrical Group 
  • Legal Services 
  • Business and Management consultancy services 
  • Engineering, architectural activities, and the relevant technical consultancy 
  • Other Service / Trade Activities which are subjected to approval 
  • Transport, Shipping, and Storage 
  • Travel Agent 
  • Motor Vehicles & Auto Spare Parts 
  • Representative Office
  • Agricultural raw materials and live animals and Plants 
  • Foodstuff and Beverages 
  • Textiles, Clothing, and Footwear 
  • Advertising 
  • Stationery & Books 
  • Household & Furniture Trading 
  • Jewelry 
  • Sports Equipment 
  • Perfumery, Medicines, Beauty 
  • Spectacles & Contact Lenses 
  • Metals & Metal Ores 
  • Building Materials 
  • Agricultural, Flowers & Plants 
  • Chemical 
  • Waste Trading 
  • Bags, Packaging Material & Paper Trading 
  • Equipment & Machines 

The documents required for business setup: 

  • Application Form 
  • Business Plan 
  • Personal Bank Statements of 6 months 
  • Original bank reference letter 
  • Passport of the shareholder and the other officers, manager, director, and secretary if applicable. 
  • No Objection Letter for the manager (if he is a resident of UAE and a UAE employment visa-holder) 

After obtaining the initial approval, the applicant is required to submit the following documents-

  • Notarized and Attested Owner’s declaration regarding the establishment of the company in Dubai Airport Free Zone Authority and guarantee for full financial commitment 
  • Attachment of Notarized and Attested Power of Attorney of Manager, Director, and Secretary as applicable  
  • Notarized and Attested Appointment of Legal representative, if applicable and their passport copy 
  • Specimen Signature to be provided in DAFZA’s presence. 
  • Signed office rental agreement 

DAFZA Square Business Centre 


Grow your business at DAFZA


1. DEIRA Meeting Room

It has the following features- 

  • Video and audio conferencing (available at cost for international calls) 
  • Wireless presentations 
  • Built-in computer 
  • Physical connectivity (HDMI/VGA/A-VGA) 
  • Display screen 
  • Nano table PC 
  • DAFZA stationary 
  • Complimentary hot beverages 
  • Complimentary WiFi 
  • Free parking 

2. Al-Wasel Meeting Room

  • 20-pax capacity
  • Video and audio conferencing that are available at cost for international calls 
  • Wireless presentations 
  • Built-in computer 
  • Physical connectivity (HDMI/VGA/A-VGA) 
  • Display screen 
  • Nano table PC 
  • DVD player 
  • Document camera 
  • DAFZA stationary 
  • Complimentary hot beverages 
  • Complimentary WiFi 
  • Free parking 

3. Jumeirah Conference Room 

  • 30-pax capacity 
  • Video and audio conferencing that are available at cost for international calls 
  • Wireless presentations 
  • Built-in computer 
  • Physical connectivity (HDMI/VGA/A-VGA) 

  • Display screen 
  • Nano table PC 
  • DVD player 
  • Document camera 
  • 23 touch screens 
  • DAFZA stationary 
  • Complimentary hot beverages 
  • Complimentary WiFi 
  • Free parking 

4. Al Majlis Function Room 

  • 200-pax capacity 
  • Three display screens 
  • Wireless presentations 
  • Live recording camera 
  • Podium PC 
  • Podium microphone 
  • Wireless handheld microphones 
  • Lapel microphone 
  • Podium HDMI/VGA port 
  • DAFZA stationary 
  • Complimentary hot beverages 
  • Complimentary WiFi 
  • Free parking 

5. Auditorium 

  • 225-pax capacity 
  • Suitable for presentations, training sessions, seminars, remote lectures, cultural events, and programs 
  • Podium with interactive panels 
  • Wireless multi-way presentation (smartphones/laptops/Mac/PC) 
  • HD recording system (podium and screen) 
  • Annotation and whiteboard facilities on the podium 
  • Video conferencing through People+ content system 
  • Live streaming

Source: https://nrdoshi.ae/business-setup-in-dafza-dubai-airport-free-zone-authority/


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