Business Setup in Dubai Auto Zone (DAZ) Free Zone - The Dubai Auto Zone (DAZ) was established in 2000 with the primary objective of re-exporting cars to the Asian and African markets. DAZ is envisioned as an integrated marketplace for the automobile industry addressing the requirements of buyers, sellers, service providers, principals and traders. This Free Zone occupies approximately one million sq. m. of bonded area adjacent to major airports and seaports.
The strategic location of Dubai Auto Zone (DAZ) is a notable advantage which ensures quick and hassle-free operations of the business entities registered in the Free Zone. At present, DAZ is home to more than 400 companies including big names. The Auto Zone is an attractive option for investors planning establish their auto industry business in the Middle East region. DAZ consists of a Dubai Free Zone area targeting FDI (foreign direct investment), an economic zone targeting the GCC (Gulf Cooperation Council) market and another retail zone for local markets.
DAZ is owned by Economic Zones World (EZW) and managed by Jebel Ali Free Zone Authority (JAFZA). It offers excellent support through its state of the art technology, information management system and trained professionals.
JAFZA supervises the operations in DAZ and also extends licensing, administration services, customs and clearing service… to investors who wish to operate within the Free Zone. The procedures for company formation, licensing and other services in DAZ Free Zone are simple and easy to follow.
By registering a company in Dubai Auto Zone (DAZ), the investors can benefit from a large number of direct and indirect advantages. A few of them are:
A range of well-developed office and storage spaces
100% foreign ownership of the company
Exemption from corporate tax and personal income tax
Exemption from import and export duty
No restriction on repatriation of capital and profits
No restrictions on currency,
No restrictions on hiring foreign employees
Office of all authorities related to auto trade industry
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Mr. Baiju Masoodu is a Free Zone Business Setup Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Dubai Auto Zone and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: email@example.com