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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