Dubai Car and Automotive City Company Formation

Business Setup Services | Dubai Car and Automotive City Free Zone

Dubai Car And Automotive City Company Formation : Dubai is one of the wealthy places in the world and every year there are hundreds of cars stored in the garage where they turn into rust or sold undervalue. To prevent that from happening the Dubai Government inaugurated in April 2010 Dubai Cars and Automotive City Free Zone which aim is to re export used cars to the Asian and African markets. Also known as DUCAMZ it is located in Ras Al Khor and has easy access to the regional airport and seaport including Dubai International Airport and the Jebel Ali Port and the highways which connect Middle East countries. DUCAMZ free zone the largest free zone size of this free zone is 8 million sq. ft making it one of its kind. They offer comprehensive infrastructure to meet the high demands in the automotive industry, providing competent highway connectivity and boosting all mod cons necessary to relocate cars within and outside the region.

The Automobiles are divided into 2 Divisions

  • Vehicles fall under the regulations of the UAE that got exported to the local markets
  • Vehicles that dedicated to African countries mostly

Advantages of Setting Up a Business in DUCAMZ

  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • Economical freight charges
  • Availability of skilled workforce
  • No restriction on the number of imported cars
  • No corporate tax and tax on personal income for 50 years
  • No currency restrictions
  • Hassle-free clearance from Police, Customs, Port, and Bank
  • Excellent support services from Dubai Ports Authority and other service institutions such as Shipping, Insurance, Banking, Automobile Workshops and Restaurants
  • Attractive work environment

Company Formation in DUCAMZ

  • Free Zone Company
  • If you want to open your company in Dubai Car and Automotive City there are some conditions you need to satisfy. First you can have multiple shareholders minimum 2 and maximum 5 and capital requirements is AED 100,000.

How to Set Up a Business in DUCAMZ?

If you want to open a company you need to do a business that is related to automobiles because Dubai Cars and Automotive City Free Zone are related to trading and selling vehicles. In DUCAMZ free zone, a valid trade license is a trading license that is issued within 2-4 weeks.

Procedure to Set Up a Business in DUCAMZ

Dubai Car And Automotive City Company Formation : Dubai Car and Automotive City Free Zone is administered by Jebel Ali Authorities. To prevent people from getting confused they made their administrative office in a central location. The main focus of the Authorities is to welcome the investment in the Zone and help the economy grow.

  • Fill and submit your form and wait for approval
  • Submit the necessary documents for registration of the company
  • Sign the customer confirmation letter and pay the fee
  • Sign the Memorandum and Articles of Association
  • Deposit the share capital
  • Sign the lease and personnel sponsorship agreement

Documents to Set Up a Business in DUCAMZ

  • Registered your company trade name and present proof
  • You need application approval before starting business formation activities
  • A Memorandum of Association and/or Articles of Association for corporate shareholders/applicants must be provided. UAE Embassy need to notarize in the country of origin
  • You need to obtain a resolution from the Board of Directors of corporate shareholder/applicants indicating the intent to form a new business in Dubai
  • Corporate shareholder/applicants from the Registrar of Companies in the origin country need to provide certificates of registration 
  • The individual shareholders must provide the passport copies
  • Managers must provide their passport copies and CVs
  • Each corporate shareholder/applicant address must be provided
  • Personal Information Sheets must be completed for each individual shareholder and manage
  • You need to lease a space for the business and do

Why Set Up a Business in DUCAMZ?

Dubai Car And Automotive City Company Formation : We have an excellent network for transportation in Dubai Cars and Automotive Free Zone but also in terms of channelling with other automobile industries. We have several global companies in the free zone providing an advantage to the investors who are interested in the same field. There are so many brands that have setup business in Zone such as Al Tayer Motors, Luxury Motors Limited, Heewad Motors, Al Habib Motors, Al Meezan Motors, and other related enterprises.

  • Offices spaces
  • Warehouses
  • Showrooms
  • Workshops

To influence several automobile productions companies to get into re-exporting, including buyers, sellers, traders, and more is the main reason for Dubai Car and Automobile City to open Free Zone. If you want to setup your company in Dubai and related to automobiles then the DUCAMZ free zone is the right option for you. But before taking any step to set up a business in Dubai free zone, the first port of call should always be to consult a company setup expert, that will guide you through the process and help you get through the important steps that require little more than a few hours of your time.

BCM Corporate Services Can Help You !

1. OFFICE AND VISA OPTIONS:

For entrepreneurs wishing to work flexibly out of DIC, the flexi-desk package is the ideal solution. This allows business owners to make use of office facilities such as desk space, meeting rooms, reception cover and call screening on an ad-hoc basis without the need to commit to physical office space. While the facilities are undoubtedly first class, at AED 25,000 it’s true that DIC’s flexi-package is slightly higher than others in the region. For those looking for more than one visa, or who wish to set up a physical presence in the free zone, DIC also offers the opportunity to apply for one visa per eight square metres of office space.

2. ROBUST SETUP PROCESS:

Perhaps unsurprisingly given the stature of many businesses that set up here, Dubai Internet City’s registration process is both comprehensive and robust. Entrepreneurs are required to provide a detailed business plan along with a certificate of incorporation and passport copies for all shareholders. From start to finish, the registration usually takes no longer than one month and you’ll only be required to visit the free zone once – to sign your application documents in front of the relevant authorities.

3. HOME TO A VARIETY OF ICT BUSINESSES:

Perhaps the biggest factor behind DIC’s popularity is that the free zone is open to a broad array of tech businesses. Dubai Internet City welcomes companies across the full spectrum of ICT and online industries, including software, hardware and digital marketing companies. Facebook, Google, Microsoft and IBM are just some of the prestigious organisations that call the free zone home.

4. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

A hugely important task that is often not taken into consideration when setting up a company in the UAE is ensuring you get your corporate bank account open in time. Fortunately, DIC’s helpful staff are on hand to make sure this stage of the process runs smoothly. As well as advising you on the best banks to suit your needs, DIC can also arrange meetings with your chosen financial institutions should you so wish. What’s more, the Dubai Internet City’s robust setup procedures make it well trusted by both local and international banks.

5. SPONSOR DEPENDANTS WITH EASE:

As well as offering a straightforward process for applying for your own visa, Dubai Internet City makes it easy to obtain visas for your dependants as well. Providing you meet the salary requirements, you’ll be able to sponsor staff and/or family members when making their visa applications. Whether you require a visa for a spouse, child, maid or driver, the process is four straightforward stages: entry permit, status adjustment, a medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses – to ensure that before starting an application, both you and those you are hoping to sponsor meet the entry criteria.

6. SET UP WITH MULTIPLE SHAREHOLDERS:

Dubai Internet City is particularly popular among large multinational organisations as it allows for company formation with more than one shareholder. Companies setting up in the free zone are allowed multiple shareholders – both individuals and corporates.

7. WORK ALONGSIDE INDUSTRY GIANTS:

While Dubai Internet City may be slightly more expensive in terms of setup and running costs compared to others in the region, it is the place to be for businesses that want to make their name in the tech industry. DIC is the premier address for IT companies in Dubai, offering the opportunity to work alongside tech giants and Fortune 500 companies such as Microsoft, IBM, Dell and Cisco.

8. LOCATION, LOCATION, LOCATION:

DIC’s location is also a huge part of its appeal. Centrally located in Dubai, the free zone is just off one of the city’s main highways – Sheikh Zayed Road – making travel in and around the Emirates a breeze. Dubai Internet City is also within easy reach of several major ports and both Dubai International Airport and Al Maktoum International Airport, ideal for business travel and trade. Finally, for those that don’t intend to move too far from the free zones, DIC is well stocked with amenities: home to over 80 restaurants, alongside banking, courier and many other business facilities.

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