How to start a business in Dubai Airport Free Zone?

How to start a business in Dubai Airport Free Zone?

If you are looking to grow a new business, to expand in a new territory and a place to harness the unlocked power of time, Dubai Airport Free Zone is strategically positioned to do just this.

Dubai Airport Free Zone is the epicenter of commerce, the crossroads of 3 continents in a market with access to 1.8 billion population. DAFZ is close to the Dubai International Airport with more than 150 airlines connecting over 220 destinations across 6 continents. There is easy access to logistics and cargo handling facilities for all import and export needs. DAFZ brings light industrial units which can be utilized as a warehouse for storage, distribution, assembly, and even light production.

Creativity, dedication, entrepreneurship, ingenuity, and technical innovation have all come together in a state of the art business park offering world-class infrastructure and professional facilities.

Over 200 multinationals and close to 100 Fortune 500 companies from various sectors have established themselves in a distinguished community in DAFZ. This esteemed cluster companies allows for the expansion and exploration of new business opportunities within a vibrant and growing economic ecosystem.

Dafza also promises excellent investment incentives and tax exemptions. DAFZ is a gateway to government departments and customs. Clients can customize their work environment with the finest interiors. Dubai airport free zone provides clients a one-stop shop i.e. embracing all setup and administration services.

Business setup in DAFZA means business setup in the top free zone in the world as DAFZA has been recognized as the top free zone globally by the financial time fDi magazine.

Business Setup in Dafza

Here is the step by step procedure for company registration in Dubai airport free zone.

Step 1: Choose your Company type

Companies operating at DAFZ follow the Dubai Airport Free Zone Authority Registration Regulations. You can setup two different company formation types in DAFZ: Free Zone Company (FZCO) or Branch of an existing company.

1. FZCO Setup

The FZCO is similar to a limited liability company that can operate within the DAFZ.

  • Shareholders can be between 1-50 (individual, corporate or both)
  • Minimum share capital: AED 1,000 (USD 272)/ shareholder
  • Value of each share: AED 1000 (USD 272)

2. Branch Setup

Existing companies can setup a branch of their parent company in DAFZ.

  • 100% ownership by parent company
  • Branch will have the same business name as parent company
  • Conduct business activities as parent company
  • No share capital is required

Step 2: Choose a Trade Name

When you have decided the type of legal entity of your business in Dubai, you must also decide upon a trade name. Check with DAFZA about permitted trade names and whether your intended trade name has already been registered or not.

Step 3: Apply For a Business License

The type of license for your company depends upon type of your business activity. DAFZ offers the following licensing options:

Trade License: For activities such as import, export, re-export, distribution, and storage of specific products.

Service License: for service oriented businesses.

Industrial License: For light manufacturing industrial activities, packaging and assembling.

General Trading License: in order to trade in general activities such as import, export, re-export, store, and distribute.

Step 4: Choose an Office Space

Once you decide on the company type and license type, you need to select the facility or LIU unit for leasing.

Desks, Offices or Units to Rent

Whether you are a startup or a large corporation, Dubai Airport Free Zone offers a wide range of premium office spaces and light industrial units that includes fitted office spaces, co-working spaces, serviced offices, packages, and executive suites .The office is situated in the state-of-the-art Business Park, available for rent on an annual basis.

You can opt for ready-to-move-in spaces, or create your company environment via DAFZ fit-out service. Moreover properties have splendid views such as Dubai International Airport runway.

STEP 5: SUBMIT

To apply for initial review and approval, you need to submit the required documents.

Individual shareholder/s

  • Application Form
  • Passport copies of shareholders, manager, director and secretary
  • No Objection Letter from Sponsor (for UAE based company only)
  • CV
  • 6 month’s personal bank statement
  • Bank share capital letter (if share capital is above AED 150,000) 

Non-Individual shareholder/s

  • Application Form
  • Passport copies of shareholders, manager, director and secretary
  • Company profile/brochure or CV
  • Audited Financial Report
  • Notarized & Attested Certificate of Incorporation, MOA & POA
  • Shareholders Resolution intended for the establishment of FZCO in DAFZA
Note: Depending upon the activity of your business, you may be required to apply for an NOC from external government entities.

STEP 6: COLLECT

1. Signing Lease:

When you have confirmed your facility with DAFZ Sales team, the lease agreement will be issued for the Authorized Manager to sign.

2. Payment:

After confirmation of the payment receipt in accordance to your payment plan, you will then sign the lease agreement. After that, you can collect your office keys.

For your successful company formation in Dubai, our consultant team at Business Registration Dubai will guide you with each step to make the process as smooth as possible.

Visit our website: http://businessregistrationdubai.com/ or contact us now for further guidance.

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