Dubai Cars and Automotive City Free Zone (DUCAMZ)
Jebel Ali Free Zone Authority (JAFZA), Dubai
Description
Established in 2000, DUCAMZ is a specialized free zone in Dubai focused on re-exporting used cars to Asian and African markets. Located in Ras Al Khor, it offers comprehensive infrastructure, including easy access to Dubai International Airport and Jebel Ali Port, facilitating efficient automotive trade.
| Emirate | Dubai |
| Website | https://www.jafza.ae/ |
| Contact Email | info@jafza.ae |
| Contact Info |
Phone: +971 4 881 2222
Address: Jebel Ali Free Zone Authority, P.O. Box 16888, Dubai, UAE
|
| Year Established | 2000 |
| License Types | Trading License |
| License Cost | AED 14,000.00 - License fees start from approximately AED 14,000 annually, varying based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | AED 100,000.00 - A minimum share capital of AED 100,000 is required for Free Zone Company (FZCO) formation. |
| Allowed Business Activities | Automotive Trading, Sales, Banking, Insurance, Maintenance, Repair |
| Company Legal Structures | Free Zone Company (FZCO) |
| Allowed Activities | Import and Export of Automobiles, Automotive Trading, Sales, Banking, Insurance, Maintenance, Repair |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | 14 days - The company formation process typically takes between 2 to 4 weeks to finalize. |
| Physical Office Required | Yes |
| Office Space Options | Office Spaces, Warehouses, Showrooms, Workshops |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | AED 14,000.00 - Annual renewal fees start at approximately AED 14,000, varying by business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No No restrictions on the number of imported cars; standard customs regulations apply. |
| Benefits | 100% foreign ownership, No personal or corporate taxes for 50 years, renewable, Full repatriation of capital and profits, No import/export duties, No currency restrictions, Competitive freight charges, Hassle-free clearance from police, customs, and ports, Access to a market of over 2 billion people |
| Drawbacks | Limited to automotive-related activities |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to environmental and safety standards |
