Dubai Car and Automotive City Free Zone

Dubai Cars and Automotive City (DUCAMZ) Free Zone was founded in 2000 with the aim of re-exporting used cars to the Asian and African markets. The free zone is located in Ras-Al-Khor. Getting easy access to the airport and seaport adds an advantage to its location. The highway connectivity is strong with modern infrastructure. 

Setting up a business in Dubai’s automobile-free zone provides a boost to the automotive industry. The vehicles sold in the DUCAMZ freezone can be  divided into 2 categories:

  • Left-hand drive vehicles fall under UAE regulations.
  • Right-hand drive vehicles fall under African regulations. 

Benefits of Setting Up a Business in Dubai Car and Automotive City Free Zone

Company formation in Dubai Car and Automotive City comes with the following benefits:

  • 100% foreign ownership
  • No currency restrictions
  • 100% capital and profit repatriation
  • No restriction on the imported car number
  • No corporate tax and personal income tax for 50 years

Different Types of Business in Dubai Car and Automotive City Free Zone

Apart from buying and selling automobiles, there are various other businesses conducted in this freezone such as:

  • Repair
  • Trading
  • Banking
  • Insurance
  • Maintenance 

Available Business Facilities of a Business Formation in Dubai

The freezone provides various facilities to help businesses such as:

  • Workshops
  • Showrooms
  • Warehouse
  • Office space

The Process of Setting Up a Business in Dubai Car and Automotive City Free Zone

Setting up a business in the Dubai Auto-free zone involves the following steps:

The first step includes filling out the application form and submitting it to the governing free zone authority. 

You must choose an appropriate name and meet all the compliance requirements for setting up a business in the Dubai automotive-free zone.  

Foreign investors get to choose from the following business structure options for business setup in Dubai:

  • Free Zone Company
  • Free Zone Establishment
  • Branch of a UAE Company
  • Branch of a Foreign Company

The next step is to prepare the documents and submit them to the government. Draft the AOA (Articles of Association) and MOA (Memorandum of Association) to mention the company’s activities and details of its members. The government will review the documents after they are submitted. Here is a list of documents set:

  • A trade name
  • MOA and AOA
  • Address proof - of all shareholders and directors
  • Passport copies - of all shareholders and directors

You should apply for the business license once you have completed the document submission. Operating a business in DUCAMZ will not be possible without a trading license. 

The last step includes opening a bank account for setting up a business in Dubai Car and Automotive City. This bank account will keep records of all financial transactions of the business. 

Our Role

The automobile industry is expanding its reach and is expected to grow even faster in the coming years. This will provide numerous business opportunities that could be carried out in the free trade zone. 

Ready to take your company global? Partnering with a consultancy can be your launchpad to international success. Business Setup Worldwide is here to assist you in the process. Our senior business experts in different zones help you clear the legal proceedings and build your business foundation. For further proceedings, contact us.

FAQs

1. What is the number of minimum shareholders?

2 shareholders.

2. What is the minimum share capital amount?

AED 100,000.

3. Does anyone need a local partner for company incorporation?

No.

4. Can anyone have multi Shareholder Company in DUCAMZ?

Yes.