Dubai is a dynamic city providing business opportunities in multiple sectors. Being the second-largest Emirate of UAE, the nation is heading towards establishing a competitive knowledge economy.
DUCAMZ is dedicated to the automobile industry in UAE. The automobile industry is considered as one of the biggest industries counted in the international business sector. Companies in Dubai Car and Automotive City Free Zone has several benefits and support the growth and development of UAE. The DUCAMZ free zone was established with the aim to export second-hand cars in the African, Asian, Middle East, and local markets.
Why Business setup in Dubai Car and Automotive City Free Zone?
Company formation in DUCAMZ offers an already set market with a dynamic set of transportation that channelizes the automobile industry. The presence of national and international companies provides an upper hand to the business setup of similar industries. Most of the popular companies like Al-Meezan Motors, Heewad Motors, Luxury motors, and Al-Habib Motors are already operating their business in DUCAMZ.
Some of the additional facilities in the free zone include,
- Office spaces
What are the benefits of Business Setup in DUCAMZ?
The foreign investors involved in a hassle-free quick registration with the help of business setup consultants. The business setup policies may differ according to the free zone. With the vision of establishing a developed economy, the federal government ensures a quick license process concerning approvals and departmental clearances.
Some of the benefits of Business Setup in DUCAMZ,
- Complete foreign ownership
- Complete repatriation of capitals and profits
- Budget freight charges
- The companies can accommodate any number of imported cars
- Flexible to transfer any required capital with no currency restrictions
- Inspiring work environment
- Easy clearance from customs, bank, port, and police
- Ensure support services from Dubai ports authority and other services like insurance, banking, shipping, workshop, automobile, and restaurants.
- Skilled workforce
- Free from personal and corporate taxes
- Administrative assistance
- Strong network to connect with international market
Business license in Dubai Cars and Automotive city free Zone
Trading and selling vehicles are the significant activities permitted in the DUCAMZ free zone. Apart from selling vehicles, other activities like banking, insurance, repairing, and maintenance of vehicles are also permitted within the free zone.
In order to operate within the free zone, the company must apply for a trading license. The trading license is issued within four to five working days and it’s renewed on an annual basis.
How to Set Up a Company in (DUCAMZ) Dubai Car and Automotive City Free Zone?
To setup your business organization in DUCAMZ, you have to follow the below given steps,
- Complete and submit the application form
- Establish a trading name or business name
- Draft AoA that determines the reason for company setup including all the roles and responsibilities of the company.
- Submit the identification document of partner along with bank details and residence proof
- To set up branch offices within the Dubai Cars and Automotive Zone, register partner details and AOA of the parent company.
How A & A associates support business setup in DUCAMZ?
Investors willing to establish their business in automobile sector, then A & A associates support your venture by providing excellent company formation services and avail all the benefits of free zone.
We ensure easy company setup and make it hassle-free for foreign investors. Our expert team guides you professionally with the process of registration in your particular zone of interest.
A & A associates ensure fast registration with licensing and enhance the growth of your business operations.