Dubai Cars and Automotive City Free Zone (DUCAMZ)
Jebel Ali Free Zone Authority (JAFZA), Dubai
Description
Dubai Cars and Automotive City Free Zone (DUCAMZ)
| 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 |
