UAE’s expanding global competitiveness index and rapidly diversifying business landscape has made it a huge draw for international corporations and foreign entrepreneurs as well. Prospering through a business-friendly legislature and highly remunerative company formations policies, the country boosted the 21st spot on World Bank’s Ease of establishing Business Repost 2018.
Dubai Airport Free Zone Authority
With its escalating economic sectors and newly introduced business activities, many new zones are offering financially attractive propositions have swung into focus. One of such zones is the Dubai Airport Free Zone Authority, which offers enticing company set up incentives for investors.
Established in 1996, the zone is strategically located in the heart of Dubai, opening the opportunity to both the Western and Eastern markets through its densely connected highways and close proximity to international airport and seaports.
Less Business Setup Cost
The business setup cost is sixty-five percent down. Lately, there have been efforts to boost the region’s competitiveness and facilitate foreign entrepreneurs are enthusiastic about establishing their business outposts in DAFZA. The UAE government has promulgated up-to sixty-five per cent reduction in business setup costs. This will make sure sustainable growth across the UAE’s diverse economic sectors while boosting FDIs into the free zone.
New investors can now establish their Dubai Airport Free Zone Company through incentivized fee structure beginning with sixty-five per cent reduced registration cost, thirty-three per cent reduced license fee, twenty per cent reduced staff visa fee and seventeen per cent lowered establishment card issuance fees. The MOA issuance fees and Board Resolution have also been cut off.
Strategic Location and Magnificent Infrastructure
The Dubai Airport Free Zone’s strategic location gives comprehensive services and world-class facilities. These are exclusive to the Free Trade Zone. DAFZA is located within the Dubai International Airport boundaries. The Free Zone at present is hosting a lot of companies. The region accommodates sectors such as pharmaceutical industries, aviation industry, IT and mobile phones factories and logistics and freight companies.
The Airport Free Zone in Dubai also is having a magnificent infrastructure with 24/7 custom services, rapid cargo clearance, a dedicated logistics centre, 24/7 security, inexpensive workforce, easy recruitment procedures, twenty-five years lease options, warehouse facilities and moreEstablish Yourself as a Limited Liability Company
In a bid to escalate structural versatility for businesses, DAFZA will also permit its member company to establish s FZ-LLC with the major focus to enhance flexibility in choosing a legal form for the company setup.
Grip on Taxation
DAFZA offers its investors various incentives on taxation. Percentage of tax exemption, Tax leverages on corporate tax additionally to the other incentives. The Dubai Airport Free Zone also gives leverages on export and income tax. There is zero percent income tax, one hundred per cent foreign ownership, one hundred per cent exile on capital and profits along with zero currency restrictions.
The Government has always been working to make it more motivational on the ambitious projects. The focus is to create DAFZA as a premium provider of the business services for international customers. The UAE government focuses on making the process of running a new business as convenient as possible. Presently the Government provides excellent amenities. Such as office space requirements, visa processing, licensing and registration and administrative services.
Awards and Certifications
Dubai Airport Free zone has received several accreditations for the quality of the structural setups offered by DAFZA. DAFZA holds various OHSAS and ISO certification.
Following are the certifications
ISO 50001 (Energy Management System)
ISO 28001 (Security Management System)
ISO 10002 (Customer Complaints)
OHSAS 18001:2007 (Occupational Health and safety)
ISO 9001:2008 (Quality Management System)
ISO 14001:2004 (Environmental Management System)
ISO 27001:2005 (Information Security)
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