Dubai Cars and Automotive City
(DUCAMZ) Free Zone
Company Formation in DUCAMZ Free Zone
Established in 2000, the Dubai Cars and Automotive City Free Zone was founded to re-export premium used cars from the UAE to Asian and African markets. Commonly referred to as the DUCAMZ Free Zone, it operates under the jurisdiction of JAFZA (Jebel Ali Free Zone Authority). Â
Furthermore, opting for a business setup within the Dubai Cars and Automotive City Free Zone provides entrepreneurs with easy access to air and sea transportation facilities. This facilitates the efficient relocation of cars and the transportation of associated commodities.Â
Company Formation in DUCAMZ
Establishing a company in DUCAMZ facilitates easy company formation and offers exceptional networking opportunities through efficient transportation and collaboration with other automotive enterprises. The free zone has strategically positioned itself as a commercial hub, leveraging extensive marketing efforts. Consequently, it has become a magnet for multinational corporations and small and medium enterprises (SMEs) from the local region and international dealers.Â
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Benefits of company setup in DUCAMZ free zone
If you are considering venturing into the automobile sector, the DUCAMZ Free Zone is the ideal choice for your enterprise. There are several compelling benefits associated with company formation in Dubai Cars and Automotive City Free Zone, including:
- 100% Foreign Ownership
- No Personal or Income Taxes
- Full Repatriation of Capital and Profits
- Simple and Quick Setup Process
- Business Setup with Multiple Shareholders
- Bank Account Assistance
- No Restrictions on the Number of Imported Cars
- Hassle-free Clearance from Dubai Police and Customs Port
Comprehensive Amenities at DUCAMZ Free Zone
DUCAMZ Free Zone provides a diverse range of facilities to meet the varied needs of businesses. These encompass:Â
- Office Spaces
- Showrooms
- Warehouses
- Workshops
Authorised Business Operations in DUCAMZ Free Zone
Under the authority of DUCAMZ, companies are empowered to engage in a spectrum of business activities within the free zone. These activities encompass:Â
- Trading
- Sales
- Banking
- Insurance
- Maintenance
- Repair
A trading license is imperative to establish a business within the free zone. The cost of a trading license in DUCAMZ starts from approximately AED 14,000*.Â
Efficient Renewal Process for DUCAMZ Free Zone Licenses
To complete the renewal process, ensure you pay the renewal fee and submit the signed lease agreement for your facility. One notable advantage is that the renewal process can be accomplished through an agent, eliminating the need for your physical presence in the UAE.
Dissolving a Business in DUCAMZ
The company liquidation procedure typically takes approximately one month and includes the following steps:
- Cancellation of Visas
- Termination of Lease Agreement
- Closure of Bank Account
Required Documentation
1. Certificate of Trade Name Registration
2. Application for Business Registration
3. Memorandum and Articles of Association
4. Resolution of the Board of Directors for corporate shareholders/applicants expressing the intent to establish a business in Dubai
5. Passport copies of individual shareholders, managers, and directors
6. Provision of the physical address for each shareholder/applicant
Setting Up Your Business in DUCAMZ
Trade Name Registration:
Application Form:
Documentation:
Make Payment:
Share Capital:
Company Registration:
Exploring Company Formation with Shuraa
For comprehensive information on diverse company formation possibilities in Dubai Cars and Automotive City Free Zone, contact Shuraa – a leading business setup service provider in Dubai. Shuraa is committed to addressing your business queries and providing tailored solutions for your company formation needs in the UAE. Contact us at +97144081900 or send a WhatsApp message to +971507775554. Alternatively, you can email your inquiries to [email protected].Â
Frequently Asked Questions
You can renew your license remotely using a registered agent with just an authorisation letter and renewal fees.Â
Obtaining your business license and kickstarting operations in the DUCAMZ free zone takes less than a week.Â
No, you enjoy 100% ownership and do not require a local partner to start your company in DUCAMZ.
While direct transfer of your company from one free zone to another is not feasible, you can establish a branch of your existing company in a different free zone. Suppose you choose to relocate your company to an additional free zone. In that case, the process entails liquidating your current company in the present zone and subsequently establishing it anew in the desired free zone.Â
