What Are The Advantages Of Starting a Business in DAFZA Dubai Free Zone

By  //  May 26, 2022

Free Zones (also known as free trade zones) are designed to help multinational businesses grow by giving expatriates 100 percent ownership and a single point of administration. Aside from that, each free zone caters to a distinct industry, and the administration ensures that they have access to perks and features that will help them grow and develop. This makes establishing a business in the UAE’s Free Zone a highly appealing prospect.

The Dubai Airport Freezone (DAFZ) is one of the most advanced and innovative free zones in the world. 

Their world-class infrastructure and strategic position in the heart of Dubai gives their clients a competitive advantage in their operations. They offer all-inclusive packages for setting up worldwide business operations and foreign investment, as well as comprehensive licencing support for customers launching their tax-free business in Dubai.

Tax exemptions, investor incentives, and a lack of currency restrictions are among the many advantages of joining the DAFZA business community, making DAFZ one of the world’s most appealing economic growth possibilities.

How To Setup Business in Free Zone

When forming a business in a Dubai free zone, you must be informed of the features and benefits of each. DAFZA Dubai Free Zone business setup is a good step.

Consider the case when your organization will provide IT services. In that case, the Dubai Media City or Internet City zones should be considered. Dubai Multi Commodities Centre would be equally suitable for founding a trading enterprise. The Jebel Ali Free Zone is ideal for a shipping company or when access to airports and seaports is required.

Each Free Zone will cater to a particular industry, thus the rewards will be distinct as well. Such knowledge will enable management to determine which free zone is appropriate for the business and which free zone should be picked by management if a business is to be established.

What Are The Advantages Of Starting a Business in DAFZA Dubai Free Zone

Free zones, with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government regulations, and unequalled services, are the most fertile ground for establishing firms.

DAFZA is one of Dubai’s most prestigious and advanced Freezones, with over 2000 registered businesses from over 20 industries and 20,000+ employees who benefit from a business-friendly regulatory and tax environment that provides total ownership, full repatriation of earnings, and a variety of world-class facilities. We are strategically placed adjacent to Dubai International Airport, allowing us to offer quick clearance and documentation processing to maximise business activity and efficiency.

Complete Foreign Ownership

One of the most obvious advantages of finding a free zone company in the UAE is the ability to have 100% foreign ownership. This means that a foreign investor does not need to locate a UAE national sponsor to create a business. The foreigner owns the entire business and has no need for a local sponsor. Foreign ownership is possible regardless of the investor’s nationality.

No Restriction of Currencies

Currency rules are government-imposed limits on the exchange of foreign currencies. In UAE free zones, there are no currency rules of any kind, which means that any type of cash can be used, making the transaction process easy for foreign businessmen.

Capital and Profit Repatriation in Full

Full repatriation benefits are available to the corporations. Profits and financial assets are included. This means that the foreigner can take all of the proceeds from the business back to his own country.

Exemption of Export/Import

The UAE’s free zone jurisdictions are exempt from import and export duties. This will significantly reduce expenses and encourage import and export enterprises. This aids in the promotion of international trade and the maintenance of relationships with various countries.

Good Location

Located in the heart of Dubai, close to Dubai International Airport and with easy access to key districts.

Incorporation with No Hassles 

The procedures for forming a company in a free zone are easy and uncomplicated. In comparison to other jurisdictions, you can complete the licensing requirements in a matter of days, making the establishment process more simpler.

Conclusion

There are many advantages to setting up a business in the DAFZA Free Zone. If you establish a business in the DAFZA Free Zone, it will be great for you. All the best!