UAE MAINLAND
DUBAI AIRPORT FREE ZONE (DAFZA)
What is the significance of having a UAE mainland firm, and what does it represent?
Dubai Airport Freezone (DAFZA) is a vibrant economic hub that was founded in 1996.
DUBAI AIRPORT FREE ZONE (DAFZA)
UAE Mainland
Dubai Airport Freezone (DAFZA) is a vibrant economic hub that was founded in 1996.
What is the significance of having a UAE mainland firm, and what does it represent?
With unparalleled connectivity to Europe, the Indian Subcontinent, and the Far East, DAFZA provides an optimal gateway to the Middle East. It also enjoys direct access to the busiest international airport globally.
94% of DAFZA’s trade was made up of machinery, televisions, electrical equipment, pearls, semi-precious stones, and metals. In the first quarter of 2021, the first group experienced a high growth rate of 32.4%, with imports totalling 14.1 billion dirhams and exports valued at 15.7 billion dirhams.
Three-quarters of DAFZA’s trade in the first quarter of this year came from China, the free zone’s largest trading partner. In comparison to the same period, it saw a strong growth of 56.4%, and 64% of its imports came from outside the country.
With over 20,000 experts across multiple industries and more than 2,800 registered enterprises, DAFZA is now home to over 20 sectors and thousands of businesses. These businesses benefit from a business-focused regulatory and tax-free environment that offers complete ownership, full repatriation of revenues, and a selection of superior amenities.
A contract between DAFZA and the Securities and Commodities Authority (SCA) has been signed. Within the free zone, the regulation, offering, issuance, listing, and trading of cryptocurrency assets are supported by the agreement. The new agreement permits businesses who deal in cryptocurrency and crypto assets to obtain a license within DAFZA, since the Securities and Exchange Commission will be providing the necessary licenses and approvals. By means of this collaboration, DAFZA has broadened its scope of business licenses and commercial operations, which will be incorporated with the incentives and services offered by the free zone. Also, it will offer a legislative climate with flexibility and a regulatory framework that improves the experience of international investors.
Advantages Of Business Setup in DAFZA
Types Of UAE Free Zone Trade Licence
On the UAE free zone, businesses can be divided into four main licences depending on their activity type: General Trading, Commercial,
Industrial and Service. Below is a general look at each licence type.
Legal Forms For Company Formation In UAE Free Zones
The legal forms available for company registration in UAE free zones have been modified to meet the needs of different business kinds and investment levels. Below is a summary of the main corporate organizations and applicable legal frameworks found in UAE’s free zones:
Why Dubai Airport Free Zone (DAFZA) For Your Company Formation?
To assist small and medium-sized enterprises, DAFZA introduced Scality, a unique and innovative start-up program that aims in local, regional, and international digital start-ups and provide them with tools they need to launch and expand their operations in the area. Scality gives startups the chance to launch and run their companies conveniently and adaptably in a way that maximizes their commercial potential. Because of the program, you can hire employees quickly and effectively.
DAFZA welcomes all DED-permitted business activity under industrial, trading and service licences. DAFZA offers licensing and registration support to IT, telecoms and administrative services. You will have access to all the latest technology and communications services, so you can stay connected with your business wherever you are.
Standard Required Documents to Start the
Business Setup Process
Let’s launch your business with success! Ensure you have all the necessary documents ready to streamline the setup process!
Your Guide To Setting Up A Free Zone Business In UAE
Your business setup checklist is ready. Let’s launch your business with success!
- 1Decide on your business venture.
- 2Choose the best UAE location for your company
- 3Choose the legal framework for your company.
- 4Give your business name.
- 5Apply for Initial Approval.
- 6Prepare Legal Documents.
- 7Lease Office Space.
- 8Obtain Licenses.
- 9Open a Corporate Bank Account.
- 10
Apply for the number of visas your company will require.
- 11
Register for VAT (if applicable)
Frequently Asked Questions
Common Questions About Business Setup in the Dubai Airport Free Zone (DAFZA)