Dubai Auto Zone Company Formation
- License cost from 14,020 AED
- Company formation from 5-6 weeks
- Residence visas for 2 years
- Bank account Guaranteed
About DAZ
Established in 2000, Dubai Auto Zone, or DAZ, is an established automobile industry with the aim of executing the export of used vehicles in Africa and Asia, especially in North African Regions and Middle Eastern countries.
The free zone accommodates the needs of all parties of export and import business as a marketplace, from manufacturers of cars and their authorised representatives to those engaged in sales and purchase of cards as well as maintenance, trading, and logistics, along with other services.
It was formerly known as DUCAMZ, or Dubai Cars and Automatize Zone. It is part of DP World UAE, which has its headquarters in Dubai. It is a port operator and global-scale logistics division. The management of JAFZA runs DAZ, leading to this free zone enjoying equal strength in logistics.
Decide if DAZ company formation is the correct choice for you
— Yes If
- Your business is related to automobiles or similar business objectives. DAZ is one of the world’s largest free zones, exclusively catering to the automobile industry, providing unmatched business opportunities in this sector.
- You are looking for a solution for a business setup with exclusive connections to major logistic hubs. DAZ is run under the management of the JAFZA free zone and enjoys equal opportunities in terms of logistics with proximity to air harbors and sea ports.
- You are seeking a free zone with amenities, services, and all infrastructure that includes showrooms, retail zones, and in-house customs.
- You’re looking for a reputable free zone, as DP World is the main holding under which DAZ functions. This allows excellent networking and easier operations related to banks.
— No If
- Your planned business activity is not remotely related to the car industry. If you’re planning to operate in logistics and heavy industrial operations, we recommend IFZA and JAFZA-free zones.
- You’re looking for remote setup of your business, as personal presence is required in the case of DAZ.
- You’re looking to setup your business outside of Dubai.
DAZ company formation process
JAFZA also administers setting up new businesses in DAZ. You can also start the process without your presence, but after your company has issued formal documents, you must visit the free zone.
To register a license in the DAZ, you must obtain a space in the bounds of the free zone because we presume that you will need some area to either display or store your car or both.
DAZ usually has limited space. Therefore, you need to enlist beforehand to express your interest and mention the type of space that you need. When the space mentioned above is accessible, you will get clearance to start the process of registering your license.
It is estimated that Dubai Auto Zone takes 5-6 weeks to complete the entire process, which includes acquiring a license from the authorities and registering.
You may need to wait an extra 7-10 working days to get a hold of an immigration card and a visa.
Step 1: Select the type of business you will carry out and the type of license you’ll need.
Ascertain the activities your business will perform and the kind of license it will need.
This step is essential for your business to be fruitful because if you make a mistake in selecting your business type and license, it will lead to long-term issues, such as obstacles in registration.
This prevents you from opening your future bank account or applying for residential visas for the company members.
Step 2: To ascertain the judicial aspect of your business
You must mention the legal position of your line of work. DAZ has multiple kinds of formation for setting up a business based on the number of shareholders and line of work
Free Zone Establishment (FZE): A limited liability company with just one shareholder who may be a person or a company (non-individual)
Free Zone Company (FZCO): An LLC that has more than two shareholders that may be formed of both individuals and companies
Branch: If a parent company opens a branch within DAZ with complete ownership, it will assume 100% responsibility for the name and the line of business. The parent companies might either be foreign or UAE-based.
The options to form the companies are limited to foreign ownership.
Step 3: Preparation and filing of the required documentation
Submission and preparation of all required documents together with the application form. Depending on the business activities, license, and type of company, the list of necessary documents for Dubai Auto Zone varies. It is advisable to consult with specialists in this sector for proper guidance through the process. The basic requirements are given below:- NOC from the sponsor for UAE resident applicants
- Parents company profile
- 3 months bank statement
- Personal information form
- Passport copy of the manager
- Project summary
- Application form
If your future company is an FZE or FZCO, you will need to provide these documents additionally.
- Original FZE/FZCO application form
- Specimen of manager’s signature
- Manager’s passport copy
- Board resolution—attested by the UAE embassy
- Articles of Association and Memorandum with UAE embassy attestation
This step involved paying all processing and registration fees, which are AED 545 and non-refundable.
Step 4: Collection of the registration documents and license
Secure the registration documents and license for the company, including:
- Lease agreement
- Share certificate
- Articles of association and memorandum
- Business License
- Certificate of incorporation
Step 5: Secure your establishment card
Your establishment card contains all the necessary information about your company and quotes for visas.
Step 6: Apply for an entry permit
If you are absent from the UAE during the processing of the entry permit, you will need to come to the country when the document is issued within the next 60 days to complete the biometrics and medical test for the visa.
If you’re in the UAE when the permit is issued, your status will change from your previous residency visa for a UAE tourist visa to the new one. The process of issuance of the entry permit takes about five to seven days.
Step 7: Submission of visa documents after medical test
Undergo the medical checkup and submit documents for the application of the Emirates ID and resident visas. Different packages for visas are available on the basis of the employees of the company and owners.
Step 8: Collect your Emirates ID
Secure your Emirates ID card once your visa has been issued.
Step 9: Open a bank account
Apply to any corporate bank in the UAE. Once you receive your account details, you can start operating your business.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com
Send Your Inquiry
License Cost in DAZ free zone
DAZ free zone offers reasonable setup costs, which is an added benefit to the number of opportunities it provides for businesses focused on the automobile sector.
DAZ’s business setup cost is much more reasonable than that of other free zones and is similar to that of JAFZA.
| ITEM AND DESCRIPTION | COST IN AED |
|---|---|
|
Service or trading license |
14,020 |
|
FZCO registration fee |
20,020 |
|
FZE registration fee |
15,020 |
|
Branch registration fee |
10,020 |
Additional costs related to business setup are given below:
- Emirates ID
- Medical Checkup
- Visa-related fees
- Lease cost
- Establishment card
- Registration fee
DAZ business activities and licenses
The list of available business activities mostly falls under the category of the automobile industry, as the name suggests. However, adjacent services are also provided. The list of activities includes:
- Maintainance
- Repair
- Sales
- Insurance
- Banking
- Car import and export
- Trading
Since JAFZA’s management controls the DAZ-free zone, licenses to operate in the DAZ must be obtained from the JAFZA authorities. Depending on the size of the business organisation and the type of business activities, the choice between trading and service license types is available.
The list below describes the type of business activities found in DAZ.
Trading
For entrepreneurs and companies involved in the export and import of other related goods to cars and cars themselves, especially their storage, delivery, and distribution.
Services
For business people and companies that want to offer professional services in various sectors.
Vehicles that can be traded in the DAZ can be subdivided into three groups:
- Jet skis, recreational vehicles, motorcycles, bikes, agricultural machinery, and heavy vehicles.
- Right-hand-driven vehicles are mainly aimed for export to Asian and African countries.
- Left-hand-driven vehicles intended for sale in the local UAE market.
Facilities in DAZ
- Showrooms: Units for showcasing automobile-related goods and cars for car dealers.
- Freehold land lots: a variety of land lots offered for a variety of industrial and commercial operations. Combinations of land plots and warehouses may also be offered.
- Workshops: Workshop units for purposes such as maintenance and repairs are available with ready infrastructure.
- Warehouse: Multipurpose warehouses of high quality for operations and storage. Available in various sizes and shapes.
- Office: A variety of offices for all sizes for various business needs.
Moreover, Dubai Auto Zone hosts branches of various government agencies, such as Dubai Ports Authority and Dubai Customs. DAZ additionally offers various services, including dining, maintenance, logistics, banking, and insurance.
Residence Visas in DAZ
Your business organisations will make you eligible for residence visas. The number of resident visas you will be getting depends on the size of your business premises and type of business.
| DAZ FEES IN AED | MEDICAL CHECK-UP, AED | EMIRATES ID, AED | |
|---|---|---|---|
|
Owner |
3,500 (outside UAE applicants) |
752.50 |
390 |
|
Employee |
4,350 (inside UAE applicants) |
752.50 |
390 |
All visas are valid for 2 years. Health insurance is required to attain a visa in this free zone. The cheapest package available ranges from 600 to 800 AED. Annual renewal of health insurance is required.
License Renewal of your company in DAZ
Yearly renewal of your company’s license is required in the Dubai Auto Zone. Office lease and license need to be renewed yearly. You need to pay the fees for the following in order to go ahead with company renewal.
- Establishment of card costs
- Office facility fees
- License fees
An equal sum is required for registering a company and renewing a license. The cost of one license renewal is 14,020 AED.
To renew your license, you must submit an application with all related documents and a signed renewed lease agreement to the authorities of the free zone. You must pay the renewal fees and wait for the approval of your renewal.
Your presence is optional for the renewal of your license. At the time of license renewal, you need to pay for your company’s audit report. A UAE-accredited and licensed auditing company can be employed for the process of renewal.
Company regulations and amendments in DAZ
- Office Facility
- Business activity
- Company name
- Managers or shareholders
For the application of amendments, the personal presence of the manager or shareholders is required.
Liquidation of a company in DAZ
The following steps are required for carrying out liquidation:
- Provision of the following necessary documents:
-
- Audit report
- Auditor liquidation certificate
- Business License
- All company incorporation documents
- De-registration documentation
- Board resolution with the signature of the shareholders.
- Payment of the cancellation fees and settlement of other payments. Liquidation is initiated after this.
- All immigration-related documents and resident visa issues under the company need to be cancelled.
- You will receive all corresponding documents once the liquidation process is completed.
Approximately one month is required for the process of liquidation. Upon completion of the procedure, you will receive a certificate of company liquidation.
Conclusion
JSB Incorporation helps you setup your business organisation in Dubai. We provide services that assist you in forming, running, and scaling up your business in the UAE. Our efficient and affordable services will allow you to focus on growing your business. Call us today to learn more.
FAQs
There are multiple payment options for fees. You can pay via cash, bank transfer, or card.
The company should undertake an annual renewal. The initial cost of setup is mostly higher than the renewal cost. Company renewal does not require your presence and can be done by your agent.
The renewal cost depends on your company's size and license type.
While we work tirelessly to make opening a bank account as smooth as possible, we cannot guarantee acceptance as it ultimately depends on the bank.
Officially, the office of a free zone company should be located inside the free zone where it has been registered. However, if you need an office in Dubai, you can rent a space in its business centre and use it flexibly.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com