DAFZA AIRPORT FREE ZONE COMPANY FORMATION

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Dubai Airport Free zone Company (DAFZA)

Dubai Airport Freezone, or DAFZA was established in 1996 as part of the government’s strategic plan to be an investment driven economy. It is structured around contemporary business needs, and offers companies an ideal base to do business in the Middle East with generous incentives, tax & duty exemptions, full repatriation of earnings, freedom of total ownership, comprehensive facilities, and modern infrastructure.

DAFZA Company is an appropriate vehicle for sole proprietors, business partnerships and international business, investment and tax planning.

Dubai DAFZA Company from Formation

DAFZA Free Zone Company:

Legal fees 2900 USD

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Dubai Airport Freezone offers integrated business solutions to the global business community. DAFZA’s strategic location, comprehensive services, well integrated world class facilities and above all excellent investment incentives and tax exemptions enable the FDI companies to achieve greater functional efficiency and lower operational cost.

Dubai Airport Free zone Company (DAFZA)

Main Characteristics and the basic rules of Company registration in Dubai Airport FZ

Type of Companies

Dubai Airport Free Zone Company – Type of Companies and main Characteristics:

Freezone Establishment (FZE) Individual / Non Individual: Formed with a minimum of one shareholder and a maximum of 50, either individual (a person) or non-individual (a company).
Free Zone Company (FZCO) An FZCO can be formed with 2 to 5 shareholders
Branch

A branch is considered a legal entity of its parent company
An entity established outside of the DAFZA Free Zone can establish a branch within DAFZA.

Type of Licences DAFZA Free Zone – Dubai Airport Free Zone Company:

Type of licence depends on type of activity your business participates. Licenses for a full range of business activities. DAFZA offers three types of licenses:

1. Trade License

For import, export, distribution, and storage of specific products.

2. Service License

3. Industrial License

Feature & Structures of DAFZA FZ

Feature of DAFZA Free Zone Company – Dubai Airport Free Zone Company

Time to form: 2 working days after submitting all legal documents and settling payment
Personal Presence Required: Yes for bank account opening
Place of business: Allowed to do business internationally, in the UAE, and have an office in Dubai
Confidentiality: 100% confidentiality

DAFZA Free Zone Company Formation Structure

Registered Office: Yes required, DAFZA Free Zone Company / Dubai Airport Free zone, Dubai.
Directors: Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
Number of directors needed: The minimum number of directors is two.
Shareholders: 1 – 50 Shareholders
Share Capital requirement: A minimum share capital of AED 1000/- is required. Each share should be in the denomination of AED 1000/-. Please note that the share capital is not a fixed deposit.
Foreigner ownership: 100% foreign ownership
Local sponsors requirement: Not required
Any restrictions on capital repatriation: 100% repatriation of capital and profits. No restriction on capital repatriation.
Name of a Company: The name of the company may end with the word “FZE” (Free Zone Establishment).
Company office in UAE: Allowed to have an office in the UAE

Restrictions & Exemptions

DAFZA. Dubai Airport Free Zone Company – Restrictions & Exemptions

DAFZA Free Zone Company shall not use restricted words in the name or trade:

Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Global”, “International”, “Middle East”, “UAE”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-

(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;

(b) the patronage of their Highnesses the members of the Federal National Council.

Trading Restrictions of DAFZA Free Zone Company: Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted

Confidentiality and Privacy

DAFZA. Dubai Airport Free Zone Company – Confidentiality and Privacy

Publicly Accessible Records (relating to company officers): No names are disclosed
Disclosure of Beneficial Ownership to Authorities: No names are disclosed
Location of Meetings of Directors and Shareholders: Anywhere

DAFZA Free Zone Company – Legislation and Government

Government: DAFZA Free Zone Authority
Governing corporate legislation: Dubai Airport Corporation
Language of Corporate Documents: English/Arabic

Records and Taxation

DAFZA. Dubai Airport Free Zone Company – Books and Records

Requirements to File Accounts: None
Audit Requirements: None
Requirement to File Annual Return: None

DAFZA Free Zone Company Taxation & Fees

Any corporate tax: 0% corporate and personal income tax rate guaranteed for 50 years
Any Personal Income tax: No personal income tax
Taxation: 0
Double Taxation Treaty Access: None
Are there imports or re-exports duties: Total exemption from all import and export duties.
Annual Renewal Fees: Has to be paid on the anniversary of the company and every twelve (12) months thereafter

Management and Support

DAFZA. Dubai Airport Free Zone Company – Land and Facilities

Facilities: Each facility is designed to meet the specific needs
Plots of Land: DAFZA provides plots of various sizes for short and long-term lease. Executive Suites Office Packages:

Gold Office Package

Office area: 55 – 58.99 sq. m.
Inclusive of 6 employment visas

Silver Office Package

Office area: 50 – 54.99 sq. m.
Inclusive of 6 employment visas

Bank account for DAFZA Free Zone Company

Business bank account: Bank account can be opened in any banks in the UAE

DAFZA Free Zone Company – Visa

Possibility to get resident or employment visas for investor: Possibility to get resident or employment visas for investor and employees.

DAFZA Free Zone Company – Currency

Standard currency: Dirham (AED).
Exchange Control: No Taxation Treaties with other countries; No requirement for exchange of information with other Tax Authorities.
Any Currency restrictions: No currency restrictions.

How to Proceed

DAFZA Free Zone Company – How to Proceed

Three simple steps to register your company in DAFZA:

We will help you to select a company type, licence type, size of office (land).
We will complete all necessary documents and submit them the register.
You will receive your license and product(s).

Documents Required for DAFZA Free Zone Company formation:

Individuals

Application Form
Letter of Intent (summary of company profile at DAFZA)
Profile of the company/business plan
Company brochure (if available)
Annual financial report or shareholder(s) 6 months bank statement
Copy of the manager’s passport and CV
Copy of shareholder(s) passport and CV
Original (not a copy) bank reference letter (shareholders)
No Objection letter for manager (if a resident of UAE and UAE employment visa-holder)
No Objection letter from the relevant Dubai authority. For example, if your business is in the IT sector then you will need to get a no objection letter from the IT sector.