Dubai Airport Free Zone (DAFZA)
Dubai has become a hub for businesses worldwide due to its strategic location, excellent infrastructure, and supportive government policies. The Dubai Airport Free Zone (DAFZA) is a prime example of this, offering businesses a wide range of benefits to establish and grow their operations in Dubai. In this guide, we’ll provide an overview of DAFZA, its benefits, and how businesses can establish themselves in this thriving business hub.
The Dubai Airport Free Zone (DAFZA) is a free trade zone located in the vicinity of Dubai International Airport. Established in 1996, DAFZA has become a popular destination for businesses looking to establish their operations in the Middle East. DAFZA is home to more than 1,800 companies from different sectors such as aviation, logistics, IT, pharmaceuticals, and more.
Advantages of Setting up a Business in DAFZA
There are numerous advantages to setting up a business in DAFZA. Some of the most prominent benefits include:
- Tax Incentives
DAFZA provides businesses with 100% exemption from corporate and personal income taxes, import and export taxes, and custom duties. This translates into significant cost savings for businesses, allowing them to reinvest the money into their operations.
- Strategic Location
DAFZA’s strategic location provides businesses with easy access to markets in the Middle East, Asia, Europe, and Africa. This makes it an ideal location for businesses that want to expand their operations globally.
DAFZA has world-class infrastructure, including state-of-the-art facilities, high-tech communication systems, and excellent transportation links. This makes it easy for businesses to operate efficiently and effectively.
- Supportive Business Environment
DAFZA provides businesses with a supportive business environment, with a range of services such as licensing, registration, and visas. DAFZA also has a dedicated customer service team to assist businesses with any queries they may have.
Setting up a Business in DAFZA
The process of setting up a business in DAFZA is relatively straightforward. Here’s what you need to do:
- Choose a Business Activity
The first step is to decide on the type of business activity you want to carry out in DAFZA. You can choose from a wide range of activities such as aviation, logistics, trading, and more.
- Select a Legal Entity
Once you have chosen your business activity, you need to select a legal entity for your business. You can choose from various legal entities such as a free zone establishment (FZE), free zone company (FZCO), and branch office.
- Apply for a License
After selecting a legal entity, you need to apply for a license to operate in DAFZA. The application process is relatively simple, and you can apply online through DAFZA’s website.
- Lease an Office Space
Once you have obtained your license, you need to lease an office space in DAFZA. DAFZA offers a range of office spaces to suit different business requirements.
- Open a Bank Account
After leasing an office space, you need to open a bank account in Dubai. DAFZA has several banks located within the free zone, making it easy for businesses to open a bank account.
The Dubai Airport Free Zone (DAFZA) is a prime example of how Dubai has become a hub for businesses worldwide. Its strategic location, tax incentives, world-class infrastructure, and supportive business environment make it an ideal location for businesses looking to establish and grow their operations in the Middle East. Setting up a business in DAFZA is a straightforward process, with a range of benefits for businesses. With more than 1,800 companies already established in the free zone, DAFZA has become a popular destination for businesses looking to expand their operations globally.
In addition to the benefits mentioned above, DAFZA also offers a range of additional services to businesses. These services include legal, accounting, and marketing services, making it easy for businesses to focus on their core operations.
DAFZA also has a dedicated customs department, which provides businesses with efficient clearance services for their goods. This helps businesses save time and money, allowing them to focus on their operations and growth.
Overall, the Dubai Airport Free Zone (DAFZA) is an excellent destination for businesses looking to establish and grow their operations in the Middle East. Its strategic location, tax incentives, world-class infrastructure, and supportive business environment make it an ideal location for businesses of all sizes and sectors.