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
The DUCAMZ free zone was founded in 2000 as a free economic area aiming to re-export used cars to Asian and African markets. The free zone is located in Ras-Al-Khor. It enables easy access to the airport and seaport, adding an advantage to its location. The highway connectivity is also robust, and the infrastructure is modern.
Setting up a business in the DUCAMZ provides a boost to the automotive industry. The vehicles sold in the DUCAMZ Dubai can be divided into two categories:
- Left-hand drive vehicles fall under UAE regulations.
- Right-hand drive vehicles fall under African regulations.
Benefits of Setting Up a Business in DUCAMZ Dubai
Company formation in Dubai Cars and Automotive Zone (DUCAMZ) comes with the following benefits:
- 100% foreign ownership
- No currency restrictions
- 100% capital and profit repatriation
- There is 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 Zone
Apart from buying and selling automobiles, there are various other businesses conducted in this freezone like:
- Repair
- Trading
- Banking
- Insurance
- Maintenance
Available Business Facilities 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 Zone
Setting up a business in the Dubai Auto-free zone involves the following steps:
Fill Out the Application Form
The first step includes filling out the application form and submitting it to the governing authority.
Finalize the Trading Name
You must choose an appropriate name and meet all the compliance requirements for setting up a business in the DUCAMZ free zone.
Determine the Company Structure
Foreign investors can choose from the following business structures:
- Free zone company
- Free zone establishment
- Branch of a UAE company
- Branch of a foreign company
Submitting the Documents
The next step is to prepare the documents and submit them to the government. The government will review the documents after they are submitted. Here is a list of documents that need to be submitted:
- A trade name
- MOA and AOA
- Address proof (of all shareholders and directors)
- Passport copies (of all shareholders and directors)
Applying for the License
Once you complete the document submission, you will have to apply for the business license. The DUCAMZ free zone prohibits the operation of any business entity without a trading license.
Opening an Offshore Bank Account
The last step includes opening a bank account to set up a business in the Dubai Car and Automotive Zone (DUCAMZ). This bank account will keep track of all your financial transactions.
Our Role
The automobile industry is expanding rapidly and is expected to grow even more in the coming years. This growth will provide numerous business opportunities in the DUCAMZ free trade zone. Business Setup Worldwide is here to assist you in the process.
Partnering with a consultancy can be your launchpad to international success. Our business experts will help you clear the legal proceedings and build your business foundation. For further details, contact us.
