Dubai Auto Zone
Designed specifically to cater to the automotive industry, Dubai Auto Zone (DAZ) is a free zone located in the Emirate of Dubai. Setting up a business in DAZ is attractive for businesses involved with import and export, manufacturing, trading and servicing of automotives and its components.
Apart from being strategically located, DAZ free zone offers entrepreneurs a business friendly environment, top-notch infrastructure and facilities. This enables them to scale their businesses as well explore networking opportunities and new trade routes. Read on to know more about business setup in Dubai Auto Zone and relevant information.
Benefits of Company Formation in Dubai Auto Zone
There are a number of benefits for setting up a business in Dubai Auto Zone. Let us a take some of them to understand why investors and entrepreneurs prefer the freezone:
Strategically Important
One of the main attractions or benefits for entrepreneurs is that the freezone is located strategically. With easy access to Dubai airport, surrounding seaports and highways, it ensures that products can be transported easily to neighbouring markets.
Full Business Ownership
Entrepreneurs like you can enjoy full ownership for establishing a business in DAZ free zone. As having a local sponsor is not required, you fully control the business and run the operations without any interventions.
Tax Benefits
Businesses can maximize profits as the authorities offer tax benefits like exemptions on personal income tax and customs. This is a major benefit given that businesses are keen to scale their businesses with regard to money and investment.
Access to top-notch infrastructure
Dubai Auto Zone offers excellent infrastructure to businesses. Be it modern office spaces and warehouses, advanced technologies or latest amenities, the authorities ensure that entrepreneurs have every facility needed to set up and grow the business in the freezone.
Networking Opportunities
As the free zone organises various exhibitions and events related to the growth of the automotive industry, it offers networking opportunities. It can be a platform to reach out and connect with other entrepreneurs to learn and discuss collaboration.
Process of Business Setup in Dubai Auto Free Zone
You must first determine the business activity that you wish to conduct in the free zone. You can choose one among the automotive-related options offered by the authorities.
The next step involves choosing a legal entity based on the business requirements. In Dubai Auto Zone, you can choose one among Free Zone Establishment (FZE) and Free Zone Company (FZC).
Once the business activity and structure is finalised, you need to reserve a trade name for the business by adhering to the guidelines.
Next, the application for registering the business in the dubai freezone needs to be submitted to the authorities along with the necessary documents.
In case additional approvals are needed for business setup, you need to avail them from the concerned authorities.
To ensure that business operations in the freezone are conducted smoothly, you must understand and avail the appropriate freezone license. You can obtain a license that suits your business needs.
Once all the paperwork is verified by the authorities, you must pay the requisite fees to the authorities to finalise company registration in Dubai Auto Zone Free Zone.
You must approach a bank and open a corporate bank account in the UAE. It ensures that all financial transactions are completed in a seamless manner.
Which Documents to Submit for Company Registration in Dubai Auto Zone?
- Passport copy of manager/shareholder(s)/director(s)/secretary
- Project summary
- Personal Information form
- Bank statement of the last three months
- Parent company’s profile (in case you are setting up a branch of an overseas company)
- No Objection Certificate (NOC) from sponsor (If applicant is a UAE resident)
- Attested registration certificate and board resolution
- Attested copies of Memorandum of Association (MoA) and Articles of Association (AoA)
- Specimen signature of manager
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Company formation in a jurisdiction which is foreign to you can be taxing as it involves navigating the process and regulations without the help of experts. Our company formation specialists are fully aware of the guidelines put in place by the authorities and can help in completing the formalities for successful business setup in Dubai.
With years of experience in assisting clients set up their business in Dubai Auto Zone and other jurisdictions, Gryffin Capitalist advisors would love to offer customised business solutions as per your business requirements. Contact us to get started!
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Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Dubai Auto Zone Free Zone and DUCAMZ (Dubai Cars and Automotive Zone) are related, but they are not the same. While DAZ is a broader Free Zone, DUCAMZ is a specific subzone with DAZ Free Zone with a primary focus on the trade of used cars and offer automotive services.
While both Dubai Auto Zone and DP World play essential roles in Dubai’s broader economic strategy, the DAZ free zone directly benefits from DP World’s logistics capabilities and infrastructure. Given the proximity to Jebel Ali Port and other DP World facilities, businesses established in Dubai Auto Zone can ensure efficient import/export and trade operations.
No, having a local sponsor is not required when you set up a business in the DAZ Free Zone.
Some of the facilities which you can access in the Free Zone include office spaces, freehold land lots, automotive showrooms, warehouses, and workshops.
Yes, the DAZ free zone has a specific capital requirement for company formation. The minimum capital requirement for setting up a Free Zone Limited Liability Company (FZ-LLC) is AED 50,000.
