The Dubai Airport Free Zone is home to 1,600+ companies, and the number continues to grow each passing day. Therefore, a company setup in DAFZA is the right choice if you know the advantages and limitations of this free zone economic zone in the UAE.
DAFZA also maintains a single-window system that empowers you to obtain approvals and external permits with utmost ease. There aren’t any currency restrictions in the free zone, and you can repatriate 100% of your profits and capital gains to enjoy an increased surplus.
What are the Steps Involved in Setting Up a Company in DAFZA?
Below are the key steps of opening company in DAFZA.
- Choose a Legal Structure
- Collaborate with Local Business Consultants
- Wind Up the Paperwork
- Apply for a Business License
1. Choose a Legal Structure
The first step for company setup in DAFZA is finalizing your company’s legal structure. You can open an FZCO (free zone company) or a branch office of an existing company in the Dubai Airport Free Zone.
Note that an FZCO establishment empowers you to onboard up to 50 shareholders in your company. Each shareholder must meet the minimum share capital requirement of AED 1,000 set by DAFZA’s jurisdiction.
2. Collaborate with Local Business Consultants
It’s critical to gain expert guidance from Shuraa’s experienced business consultants to enjoy risk-free company formation in DAFZA. We do all the heavy lifting for you so you can take a comfortable seat and address other business activities.
It can become overwhelming for expatriate investors to understand the UAE’s legal framework and manage several tasks at once. That’s where the company formation experts at Shuraa come to the fore and offer end-to-end business assistance for your sheer convenience.
3. Wind Up the Paperwork
Documentation and paperwork is an integral component of business incorporation in the UAE. The governing bodies require various identification documents alongside other approvals and certificates to consider your application for company formation in DAFZA.
A curated list of documents include:
- Duly filled application form
- Letter of intent
- Passport copies of all the business partners
- Resume/CV of each shareholder
- NOC issued by your business setup agent (sponsor/LSA)
- Bank reference letter of all the stakeholders
4. Apply for a Business License
You can apply for the desired business license in the DAFZA free zone once you have successfully completed the steps discussed above. The DAFZA license cost is around AED 15,000.
You can apply for the below-mentioned trading license in DAFZA:
- Commercial License
- Service License
- Industrial License
- General Trading License
Furthermore, business owners can obtain approvals from external authorities to cover other business activities not mentioned in their trading license. You need to sign the leasing contract and make the outstanding payment to obtain your business license.
Benefits of Setting Up a Company in DAFZA
- DAFZA is a VAT exempted free zone. This implies that business investors aren’t liable to pay any value-added tax when they score a sale in DAFZA or any other VAT exempted free zone.
- This is among the few free zones that offer dual licensing with affiliation to the DED. Therefore, you can trade freely within the Dubai Airport Free Zone and also enjoy hassle-free trading to the mainland region.
- DAFZA’s integrated transport facilities are second to none in the UAE. The free zone also boasts of a 24-hour operating cargo clearance mechanism via an efficient logistics center.
How Much Does it Cost to Launch a Business in DAFZA?
Company setup in Dubai airport free zone authority is cost-effective and doesn’t cost you a fortune of money. You can expect a figure of around AED 35,000 to AED 50,000 as a general estimate for opening a company in the Dubai Airport Free Zone.
However, these costs can vary depending on your business activities, external approvals, and special business privileges. You’ll also need to pay a recurring cost for renewing your trading license annually.
Establish your Company in DAFZA Today!
Dubai Airport free zone company setup is a lucrative and highly profitable business venture, given the countless benefits this free economic zone offers. You can launch your company in DAFZA by getting in touch with the company formation experts at Shuraa with years of experience in this domain. Be it related to licensing, visa, costing, renewal, banking, translation, certification, or anything else – we handle it all at competitive prices.
Book a free consultation with our business setup experts to know more about business setup in Dubai Airport free zone authority, or call +971 44081900. You can also send a WhatsApp message at +971 50 777 5554. For email assistance, mail your query at info@shuraa.com or you can visit www.shuraa.com.
