Dubai Airport Free Zone Authority (DAFZA) was established by a Decree issued by the President of the United Arab Emirates and is part of the Dubai World Central free zone planned by Dubai Holding. The authority’s responsibilities are to provide a range of economic and infrastructural services to those wishing to DAFZA Company Setup. If you are also curious about forming a business in such a free zone, then the best way is to consult with the Start Any Business UAE consultants who are able to guide you throughout the process and make it very successful in the shortest time.
DAFZA is one of the VAT exempted free zones in the Dubai emirate and this has the simple and seamless procedure of establishing a company. the needs for company formation in this location are minimal and the cost is very fair. In fact, the success of IFZA Company Setup really contemplates the success of the Dubai emirate. Now one of the very dynamic and diversified cities across the globe with nationalities from 180 nations, Dubai emirate has applied e-governance and therefore is clarity in all licensing processes.
Company Setup in DAFZA
DAFZA is one of some free zones that are free from new-applied VAT. The very known brands of the globe have formed their Middle East centers in the Dubai Airport Free zone. DAFZA offices have been situated directly adjoining the Dubai International Airport, which is the free zone location of the city. DAFZA permits domestic and overseas business people a full tax-free business formation and process of services, as well as full ownership of a corporation for overseas and zero currency limitations. If you are willing to start a business in DAFZA then Start Any Business UAE experts are here to cover you. They give you complete guidance and assistance with the business formation procedures.
The Steps for DAFZA Company Setup
DAFZA company setup is one of the very economical driven free zones structured to give compensation features to the business globally. DAFZA gives effective packages needed by multinational corporations globally to build their regional offices, and get business possibilities obtainable internationally. Based strategically adjacent to the boundaries of Dubai International Airport, DAFZA gives several advanced features with an amazing infrastructure, and its closeness to Dubai International Airport makes traveling simple.
- Firstly, This is crucial to get a clear understanding of the planned business activity before starting the process of DAFZA company setup. Since legal processes and costs can differ based on the business nature government has specified a list of activities to begin a company in the country.
- Secondly, Every unit has its own limitations to the company framework. The kinds of units forming in DAFZA include – free zone corporation and branch formation.
- Thirdly, Each business requires a different name to differentiate it from other similar corporations. The businessman requires to come up with the best name which provides the Department of Economic Development with a concept of what the business does.
- After deciding the business names and managing all the crucial papers an individual is needed to make an application for a business license based on the commercial activity chosen.
- Determine the physical office space and obtain a tenancy agreement.
- Pre-approval of a certificate is essential to constant the business licensing formalities that allow an overseas citizen to run a business or company in the country.
- Manage all the papers sanctioned and the legal papers regarding the corporation and present all the needed papers to the concerned authority.
- Lastly, If all the papers presented are verified the needed authority would issue a license and begin visa processing.
Required Documents for DAFZA Company Setup
- Firstly, Application form
- Secondly, Copy of passport with residence visa page.
- No Objection Certificate from the sponsor.
- Company profile
- Audited financial statement
- Notarized and verified incorporation certificate
- Memorandum of Association and Article of Association
- Lastly, Stakeholders’ resolution calling for the formation of FZCO in DAFZA.
Features of DAFZA Company Setup
Following are the very prominent features of DAFZA –
- Firstly, Full overseas ownership of a company.
- Secondly, Full repatriation of professional and personal revenue
- Completely free from personal corporate, and income taxes.
- Properly free transfer of funds, and no overseas exchange limits.
- Free from all import & export duties.
- Cheap freight fees.
- Affordable workforce, and smooth recruitment processes.
- Effective interaction processes and simple administration.
- Liberal government policies and lawful structure.
- The streamlines and on-time immigration procedure.
- Sponsorship and visas for a cost-effective proficient workforce.
- Freehold offices are obtainable for lease or sale.
- Ready to shift offices, warehouses, and factories.
- Simple business formation and licenses processes.
- Remarkable industry group and objective-formed infrastructure.
- Lastly, Three-year residence visa in the country.
Source : alltrendyblog