Planning to Start Export Business in Dubai? Know Why DAFZA is Ideal for You

Planning to Start Export Business in Dubai? Know Why DAFZA is Ideal for You Dubai Airport Free Zone (DAFZA) is the most sought-after free zone among millennials, investors, and key market players when it comes to starting an export business in Dubai. From the very beginning, Dubai has been at the heart of import and export trade. The formation of the Dubai Airport Free Zone came into existence in 1996 as a part of the strategy to transform Dubai into an investment-driven economy. Since then, DAFZA has emerged as one of the fastest-growing free zones. The reason behind its popularity is its ideal location that opens doors to the Middle East, Europe, the Indian Subcontinent, and the Far East.

At present, DAFZA is home to 1,600+ registered companies and 15,000+ professionals. Companies and professionals working there get to enjoy the full ownership, tax-free and regulated business environment, full repatriation of capital and earnings, and not to mention the state-of-the-art infrastructure and amenities. An ideal place for commencing an export business in Dubai!!

Licenses Available in DAFZA DAFZA allows investors and entrepreneurs to conduct a variety of businesses and, therefore, offers the following six types of licenses.  Trade License for trading activities, including import, export, re-export, distribution, and warehousing of specific products  Service License for entities that offer services  Industrial License for light manufacturing activities, packaging, and assembly  E-commerce License for trading goods and services online  General Trading License for general activities, including import, export, re-export, distribution, and storage  Dual License with DED - to allow businesses to operate outside DAFZA From this list, you can easily notice that, for export business setup in Dubai Airport Free Zone, you can apply for trade or general trading license as both licenses allow you to do export business. However, consulting a business expert would be helpful to decide which one is best for you.

Business Setup in DAFZA Dubai Airport Free Zone allows businesses to choose from two types of company setups.  Free Zone Company (FZCO/FZ-LLC)  Branch Office Free Zone companies can have one to fifty shareholders and have the requirement of the minimum share capital of USD273. On the other hand, branch offices don’t require any share capital for setup.

In DAFZA, one can choose from office space, warehousing and industrial space, and cold storage space.

Based on what kinds of products you are planning to export, you can find a suitable space to conduct export business.

Besides, you need to keep in mind two things. First, you may need to submit a No Objection Certificate (NOC) from external government entities based on the activity of your business. Second, you are required to submit a Bank Share Capital Letter if share capital is above AED 150,000.

Starting an export business in Dubai may seem like a straightforward process but, being a non-resident investor, you can feel overwhelmed as the business landscape is wholly new for you, documents are in the Arabic language, and you might not be well-familiar with Dubai’s rules and regulations for export businesses. Thus, before taking any step, hire an esteemed business consultant in Dubai who can guide you throughout the business setup process and beyond.

Contact Details Address: Level 20, 48 Burj Gate, PO Box 36615, Dubai, UAE Phone: +971 55 571 6614 E-mail: team@socialiteconsultancyservices.com Web: https://www.socialiteconsultancyservices.com/