DAFZA: Dubai Airport Free Zone Authority

DAFZA is one of the world’s most modern free zones, designed to provide the most attractive investment opportunities for your business. Dubai Airport Free zone was officially established by the Government of Dubai, pursuant to Law No.2, 1996. DAFZ is challenged to provide competitive incentives and unique opportunities to establish a business in a tax-free environment, full company ownership, exemptions from all commercial levies and repatriation of capital and profits. DAFZA is home to over 1450 companies.

Dubai Airport Free Zone has been ranked 2nd in the World and 1st in the Middle East in the Global Free zone Ranking 2010/11 carried out by the Foreign Direct Investment (FDI) Magazine.

 

Types of companies:

Please note that you can either register an FZE or FZCO or a branch of a foreign/local company.

1. Free Zone Establishment (FZE)
Formed with one shareholder, either individual (a person) or non-individual (a company). A minimum share capital of AED 1 million (USD 272,500) is required.

2. Free Zone Company (FZCO)
Formed by a minimum of two and maximum of five shareholders. The shareholders can be individuals (persons) of non-individual (companies) or a combination of both. A minimum share capital of AED 500,000 (USD 136,000) is required.

3. Branch Office of an existing company
A foreign company can set up a branch of its existing company in Dubai Airport Free zone. No share capital is required.

 

Type of License:

  • Trading license.
  • Industrial license.
  • Service license .

 

The Required Documents

To proceed with the registration, we would require the following documents on the directors and shareholders:

  1. Passport copy including visa page [visa page – only for individuals resident in UAE]
  2. No Objection Certificate [only for individuals employed in UAE]
  3. Certified or original utility bill [within the last 3 months]
  4. Original bank reference letter [within the last 3 months]
  5. Educational certificate of the manager [if required duly attested up to the UAE Ministry of Foreign Affairs]
  6. Business Plan View our Business Plan Template

 

Time Frame

Once we receive all the required documentation and the stipulated payment, we will prepare the registration and license applications and submit the same to the Free Zone Authority for approval, it will take approximately 3 – 4 weeks (subject to submission of the lease agreement to the authorities and depositing the share capital in the bank) to complete the entire registration procedure and obtain the trade license from the Free Zone.

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