Dubai Auto Zone (DAZ)
Dubai Auto Zone (DAZ) is an exclusive free zone for companies in automotive industry. In order to acquire a business license in Dubai Auto Zone, the business must be a trading in automotive field. The Jebel Ali Free Zone Authority (JAFZA) is the main authority that authorizes the licenses of the investing businesses.
Types of entities
Free Zone Establishment (FZE), Free Zone Company (FZCO), Branch of a foreign/local company
Following are the benefits of setting up a company in DAZ
100% foreign ownership Abundant inexpensive energy 100% repatriation of capital & profits No restrictions on hiring of foreign employees Simple and also efficient recruitment procedures High level of administrative support Facilities are available for reloading and also transportation of automobiles in the region & neighboring countries No personal income tax and also no currency restriction
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