Dubai Airport Free Zone company formation and business setup are suitable for modern business needs. Dubai Airport Free Zone or DAFZA, offers generous incentives, tax and duty exemptions, full repatriation of earnings, full foreign ownership, complete business facilities, and modern infrastructure.
Dubai Airport Free Zone (DAFZA) is one of the fastest growing free trade zones in the entire region with over 1,600 companies. Entities are present from diverse sectors such as aviation, freight & logistics, IT & telecommunications, pharmaceuticals, engineering, food & beverages, jewelry, and cosmetics.
This guide on Dubai Airport Free Zone company formation will cover the following points:
- Why Dubai Airport Free Zone?
- Dubai Airport Free Zone Company Formation Types.
- Facilities in Dubai Airport Free Zone.
- Services offered by the Free Trade Zone.
- Type of Business License offered by DAFZA.
- Dubai Airport Free Zone Company Formation Fees.
Why Dubai Airport Free Zone.
Recently named The Top Free Zone in the World for 2012 – 2013 by the Financial Times’ fDi Magazine, Dubai Airport Free Zone (DAFZA) continues to set international benchmarks for free zones across the world. This reflects in its steady pace of service’ development and the unrivaled infrastructure of the free zone. This has translated in its vision to become the greatest free zone destination.
Dubai Airport Free Zone (DAFZA) has become the gateway for a number of important companies seeking business opportunities in the region. Currently, the Free Trade Zone hosts renowned local, regional and multinational brands covering various industry sectors.
As the leading free zone services provider in the Middle East, Dubai Airport Free Zone offers integrated business solutions to the global business community. Strategic site, world-class facilities and excellent investment incentives and tax exemptions enable the companies to meet greater functional efficiency and lower working cost in Dubai Airport Free Zone (DAFZA).
Dubai Airport Free Zone offers you place advantages like nobody else can. Its proximity to Dubai International Airport, where more than 150 airlines connect over 220 destinations across six continents, makes business travel very easy. It also provides easy access to logistics and cargo handling facilities catering import and export needs.
Adding to further convenience, the central site of Dubai Airport Free Zone enables quick access to main business hot spots in the city. Efficiency is born out of speed and ease of functioning. At Dubai Airport Free Zone the focus is always on facilitating progress.
Dubai Airport Free Zone Company Formation Types.
Dubai Airport Free Zone (DAFZA) offers several formation types that enable customers to set up their company to suit each need.
Free Zone Company (FZCo).
FZCo registration allows for multiple shareholders. Shareholders can be people (person) and/or non-individuals (company). A FZCo is essentially a Limited Liability Company within Dubai Airport Free Zone (DAFZA).
- 2 – 5 Shareholders.
- Minimum share capital of AED 500,000 (USD 136,000).
Free Zone Establishment (FZE).
FZE registration allows for a single shareholder. The shareholders can be an individual (person) or non-individual (company). A FZE is essentially a Limited Liability Company within the Free Trade Zone.
- 1 Shareholder.
- Minimum share capital of AED 1 Million (USD 272,500).
Branch of a Company.
A branch is a legal entity of its parent company. An entity established outside of the Dubai Airport Free Zone may set up a branch within the Free Trade Zone (DAFZA).
- Branch office of an existing company.
- No share capital requirements.
Facilities in Dubai Airport Free Zone.
DAFZA offers good infrastructure and facilities that are professionally conceived and maintained. They enable your business with agility, flexibility & scalability, and make sure better return on your investment.
Office Space for Dubai Airport Free Zone Company Formation.
High quality, free-size offices in DAFZA’s state-of-the-art Business Park are available for rent on annual basis. You have full freedom to customize your work environment to project your corporate identity and match your branding requirements. Only the finest materials are used for the interior, covering carpeting, wallpaper, false ceiling, lighting, structured cabling, window shades and other works.
Warehouses in Dubai Airport Free Zone.
Dubai Airport Free Zone offers high quality, thermal insulated, purpose-built units for rent, which can be used either as a warehouse for storage and distribution or as a space for assembly and light production. If needed, multiple units can be used to suit each need.
Services in Dubai Airport Free Zone.
- Licensing and registration services.
- Employee and family sponsorship services.
- Administrative support.
- IT and telecommunication services.
- Housekeeping and building maintenance.
- 24/7 security.
Dubai Airport Free Zone (DAFZA) Business License Types.
Dubai Airport Free Zone offers three types of licenses:
Entitles the holder to import, export, distribute and store items specified in the license.
Entitles the holder to carry out services specified in the license.
Entitles the holder to carry light industrial activities, packaging and assembling.
Dubai Airport Free Zone Company Formation Fees.
The following tables will give you some indicative ideas about the cost of business set up in Dubai Airport Free Zone. These rates are subject to change and hence please check with your business set up consultants in Dubai to verify the rates at the time of your company formation.
Dubai Airport Free Zone Business Registration Charges.
|Free Zone Company Type||Registration Charges|
Dubai Airport Free Zone License Charges.
|Free Zone License Type||License Fees|
Lease Rates of Offices and Warehouses.
|Facility||Area||Annual Rent / Sqm (AED)||Service Charges||Lease Agreement Duration|
|Office Units||Starting from 26 Sqm||1,850||10% of Annual Rent||3 Years|
|Starting from 26 Sqm||1,950||10% of Annual Rent||1 Year|
(Light Industrial Units)
|350 Sqm||1,000||10% of Annual Rent|
Documents for Initial Approval.
|Letter of Intent||Yes||Yes||Yes||Yes||Yes|
|Company Brochure / Profile||Yes||Yes||Yes|
|Audited Financial Report||Yes||Yes||Yes|
|Six Months Personal Bank Statement||Yes||Yes|
|Original Bank Reference Letter||Yes||Yes|
|CV & Passport Copy of Shareholder (s)||Yes||Yes|
|CV & Passport Copy of Manager||Yes||Yes||Yes||Yes||Yes|
|No Objection Letter from Sponsor (for UAE residents & companies only)||Yes||Yes||Yes||Yes||Yes|
Documents Required for Company Registration.
|Certificate of Registration or Certificate of Incorporation||Yes||Yes||Yes||Notarized & Attested|
|Memorandum & Articles of Association of Parent Company||Yes||Yes||Yes||Notarized & Attested|
|Board Resolution calling for the establishment of a branch in Dubai Airport Free Zone and guarantee full financial commitment||Yes||Notarized & Attested|
|Board Resolution calling for the establishment of FZE/FZCO in Dubai Airport Free Zone||Yes||Yes||Yes||Yes||Notarized & Attested|
|Appointment of Negotiator or Legal Representative (optional): Power of Attorney, Specimen Signature and valid Passport copy* (optional)||Yes||Yes||Yes||Yes||Notarized & Attested|
|Manager's specimen signature, power of attorney and passport copy*||Yes||Yes||Yes||Yes||Yes||Notarized & Attested|
|Director's specimen signature, power of attorney and passport copy*||Yes||Yes||Yes||Yes||Notarized & Attested|
|Secretary's specimen signature, power of attorney and passport copy*||Yes||Yes||Yes||Yes||Notarized & Attested|
|Bank Share Capital Letter||Yes||Yes||Yes||Yes|
If you wish to discuss more about Free Zone business setup in Dubai Airport Free Zone, please contact us.