Launch Your Dream Automobile Business at DUCAMZ (Dubai Car and Automotive City Free Zone)
Dubai has a broad vision of encouraging all categories of sectors in order to turn the emirate into an economic powerhouse. As part of this expansion, Dubai Car and Automotive City Free Zone (DUCAMZ) was established in order to boost the automobile industry’s business.
The automotive sector makes a significant contribution to the UAE’s progress and expansion. For re-exporting secondhand automobiles, DUCAMZ focuses on Asian and African markets. It permits businesses to conduct an international commercial activity without paying taxes. It is accessible by air, seaport and is located in Dubai. It has a robust network that connects the Middle East, Africa, and Asia. The infrastructure was designed with businesses, new connections, and a sophisticated road system.
Creating a business in a global market is inherently risky. DUCAMZ is a unique free zone for the car industry, as it provides all of the necessary amenities and services. The following are some of the advantages of investing in DUCAMZ:
- Workforce with specialized skills
- Exceptional administrative assistance
- No restrictions on employing foreign workers
- 100 percent ownership with full repatriation of profits
- Exemption from import duties
DUCAMZ’s operations are restricted to vehicle trade, sales, and associated services. Associated services include banking, insurance, automobile repair, and maintenance, to name a few. The bulk of businesses in the free zone deal with vehicle imports and exports. There are three types of cars that are handled by DUCAMZ. Right-hand-drive automobiles are mostly exported to Asian and African markets, whilst left-hand-drive secondhand vehicles are marketed locally and must adhere to UAE laws.
The Dubai Cars and Automotive Free Zone is administered by the Jebel Ali Free Zone Authority (JAFZA), which also controls business creation and licensing in the zone. The processes for forming a business organization or establishing a corporation in the Dubai Auto Free Zone are as follows:
- Submission of an application form together with the proposed business name
- Preparing the Memorandum of Association (AOA)
- Identification documents, bank account information, and evidence of residency must be submitted to the Dubai Registrar Office.
- The partner’s information as well as the parent company’s AOA must be supplied when registering a branch.
The creation of this free zone has proven to be quite helpful to investors interested in developing vehicle company strategies. Dubai features some of the greatest infrastructures in the world, and there is a lot of room for such businesses to develop. It is for this reason that many well-known firms, as well as start-ups, are making use of it.
DUCAMZ invests in infrastructure that caters to the automobile and allied industries. Dubai Cars and Automotive is committed to the development of the whole automotive sector. Professional service providers are readily available, making it simple for businesses to receive the services they want.
As seasoned experts, Jumeira Consultants make the process of starting a business in DUCAMZ simple and painless. Our knowledgeable business formation agents can assist you with company creation and other business-related services in the free zone.