The main regulatory body is the Dubai Airport Free Zone Authority, authorized to offer trade licenses for international investors.
For a foreign investor, Dubai Airport Free Zone (DAFZ) can represent the perfect place to set up business activity, as the area, founded in 1996, was established to facilitate international business relationships. One should know that our lawyers in Dubai can supply more additional details about the legal framework under which the Free Zone functions.
Company Types Available In DAFZ
If you plan on investing in DAFZ, you should understand that DAFZ Authority has approved two types of company formation:
1. The Free zone Establishment for which it is needed to have at least one shareholder, who can be an individual or a company, and the minimum share capital has to be AED 1,000;
Guess you plan to open a company with import/export field operations. In that case, you should know that DAFZ Authority will require you to obtain a license, which would also attest to the liberty to distribute or store the imported products. If your business has services-related operations, it will also need a permit. Our Dubai lawyers can provide you with relevant information about these documents.
Tax Benefits For Investors In DAFZ
Since the installation of DAFZ in 1996, more than 1,600 businesses have been opened here, and the area has become one of the most competitive in the region due to a welcoming tax regime. DAFZ is free of corporate tax, import/export tax, and income tax. There are also no restrictions on the use of various currencies. Our lawyers in Dubai can explain to you the financial framework available here.
DAFZ has a strategic location near Dubai International Airport, which can offer a logistical advantage to your business, as the airport has access to 220 countries. DAFZ allows 100% foreign ownership in the case of the investors setting up a business here. Another beautiful measure for investors is that DAFZ accepts 100% of the repatriation of capital and profits.