The Dubai Airport Free Zone is home to over 1,600 businesses, and the number is growing by the day. Therefore, a business setup in DAFZA is a lucrative option if you understand the benefits and drawbacks of this free economic zone in the UAE.
DAFZA also maintains a single-window system that makes it simple to receive approvals and external permissions. There are no currency limitations, and you can remit 100 percent of your profits and capital gains to maximize your surpluses in this free zone. Moreover, the business experts at Shuraa make company formation easier than ever for all the investors by offering end-to-end assistance.
How to Start a Business in Dubai Airport Free Zone?
Company formation in DAFZA is straightforward and hassle-free when you collaborate with the incorporation experts at Shuraa. All you need to do is follow the steps mentioned below to start your dream venture in DAFZA:
Decide on a Legal Framework
The first stage in forming a corporation in DAFZA is to finalize its legal structure. You can establish an FZCO (free zone company) or a representative office of an established company In the Dubai Airport Free Zone.
It’s worth noting that FZCO allows you to have up to 50 stakeholders in your organization. Each shareholder should satisfy DAFZA’s statutory share capital requirement of AED 1,000. In addition, you should also consult with business formation experts to know about the pros and cons of each legal structure permissible in DAFZA.
Get in Touch With DAFZA Company Formation Experts
It is vital to seek expert advice from Shuraa’s experienced business counselors to enjoy a risk-free business setup in DAFZA. We do all the heavy lifting so you can take a comfortable seat and focus on your other business aspects.
Understanding the UAE’s legal structure and managing multiple responsibilities at once can be challenging for expatriate investors. That’s where Shuraa’s company formation professionals step in and provide end-to-end business assistance for your leisure.
Get the Paperwork Done
Incorporating a business in the United Arab Emirates necessitates the completion of paperwork and documentation. The regulatory bodies demand a variety of authentication documents as well as additional permissions and certificates To assess your application for company creation in DAFZA.
A curated list of documents include:
- Duly filled registration form
- Letter of intent
- Passport copies of all the business partners
- Resume/CV of each stakeholder
- NOC issued by your local service agent
- Bank reference letter of all the shareholders
Apply for a Dubai Airport Free Zone Trade License
The next stage in starting a business in the DAFZA free zone is to apply for a Dubai airport free zone trade license. The business specialists at Shuraa aid you in registering for a business license after reviewing your business activities.
It’s also a critical step because an incorrect license can lead to operational problems. Over 2,000 different business activities are available in the free zones. You can also approach the certified free zone administrators to learn more about the business activities that are permissible within that zone.
Keep in mind that your DAFZA free zone business license will need to be renewed regularly. Your free zone company could be suspended, terminated, fined, or even blacklisted if it has an invalid trading license.
Take Care of Visas
The size of your organization has a significant impact on the number of visas you can obtain in DAFZA. The government of the United Arab Emirates allows you to apply for visas for your family, relatives, and domestic employees. The candidates must go through a simple four-step process to secure the desired visas.
You must submit the obligatory documents to the appropriate authority for proof of identity and data validation. You’ll receive your visa permit after the government has thoroughly investigated your application. After that, you must collect your original passport at the conclusion of the procedure.
Open a Business Bank Account
A corporate bank account with a reputable bank enables you to manage all your financial business dealings. Always go with a bank that provides reliable banking services, first-rate facilities, and long-term business advantages.
You can contact the financial advisors at Shuraa, and we’ll shortlist the ideal bank for you by matching your business demands with the offerings made by several banks.
Read Also: How to Do Business Setup in Dubai Free Zone?
Advantages of Company Formation in the DAFZA Free Zone
Listed below are a few among the many benefits of business setup in DAFZA:
- DAFZA is a free zone that is exempted from paying VAT. This means that when a business investor makes a sale in DAFZA or another VAT-free business zone, they are not required to pay any value-added tax.
- DAFZA is one of the few free economic zones that offer dual licensing as well as DED accreditation. Hence, you can continue trading within the Dubai Airport Free Zone and also trade freely with the mainland establishments.
- The integrated transportation facilities of DAFZA are unrivaled in the UAE. The free zone also has a cargo clearance system that operates 24 hours a day, 7 days a week, thanks to an efficient logistics center.
What is the Cost of Business Setup in DAFZA?
Company formation in DAFZA is cost-effective and does not require a large investment. A general estimate for establishing a corporation in the Dubai Airport Free Zone is between AED 35,000 and AED 50,000.
However, it’s imperative to note that there’s no one-size-fits-all estimate for the overall cost involved in business setup in DAFZA. This is because different businesses have different requirements, operational activities, and might apply for external approvals based on the license they get from the DAFZA’s jurisdiction.
Moreover, you also need to renew your Dubai airport free zone trade license each year to maintain its validity and an annual fee also needs to be paid to your local service agent (LSA). All these contribute to the overall cost of setting up a company in DAFZA.
Launch Your Company in DAFZA!
When you have a good understanding of all the steps involved in business incorporation in DAFZA, forming a company in this specialized free zone isn’t difficult. Whether it’s documents, license, money, or anything else, you need to put your best foot forward to ensure the authenticity of your application and avoid unnecessary delays.
You can collaborate with Shuraa Business Setup for all of this and more, and we’ll take care of all of your needs at a low cost. Furthermore, we take pride in offering business assistance even after successful company incorporation in any Emirate.