Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
Dubai Airport Freezone (DAFZA) is located in a close proximity to Dubai International Airport, which serves more than 150 airlines and connects more than 220 destinations. There are more than 1600 registered companies that are operating in various fields including aviation, freight and logistics, IT and communications, pharmaceuticals, engineering, food industry, jewelry and cosmetics.
There is an air-freight logistics center in DAFZA which covers the area of 19,000 sq. m. The center opened in year 2000 and has a docking area, which can serve up to 50 trucks. The logistics center has become a connector between aircrafts and a storage area. 200 sq.m. is a space in the center specifically dedicated to store products. The center has also freezers, refrigerators and a storage area for valuable goods.
Dubai Airport Freezone member companies may choose to rent an office space, a warehouse or a small industrial facility.
Until recently Dubai Airport freezone did not have any solution for new businesses in terms of rent. Recognizing struggles of entrepreneurs who just start their business in the region, Dubai Airport Freezone Authority offered a Business Desk package which is reasonably priced and allows to minimize expenses in the first year of operations. From second year onwards, however, member companies are transferred to standard office space.
Branch companies do not require share capital. For companies that have from 1 to 2-50 owners the share capital should be not less than AED 1000 ($274). The value of each company’s share should be AED 1000 ($274) minimum.
1 year only, as in any other emirate, after which the license needs to be renewed.
Dubai Airport Freezone Authority requires that member companies annually submit audit reports.
ompany’s license is due for renewal prior to its expiration date, otherwise, penalties for late renewal apply.
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