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| Dubai
Cars & Automotive Free Zone
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Dubai Cars and Automotive Zone is located
in Ras Al Khor, Dubai. The total size of the
zone is 8 million. Sq. Ft. It was established
with the objective of re-exporting used cars
to Sian & African markets. DUCAMZ offers
unique benefits for businessmen in the used
cars industry who set up an establishment
and this is applicable to individuals or non-individuals
(Joint ventures, Partnerships, etc.) from
any country.
The Free Zone Company (FZCO) can be formed
with Multi Shareholding partners and there
is no obligation to take on local partners.
Its affairs are completely separate from those
its partners with a paid minimum 100,000 (US
27,000) as share capital. Minimum shareholders
is two and with a maximum of five.
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| Competitive
Advantages: |
• Attractive working
environment
• Access to a market of over 2 billion
people
• Modern efficient communications
• No currency restriction
• Competitive freight charges
• No restrictions on maximum import of
automobiles.
• Hassle free clearance from: Police (traffic
department), Customs, Port and Bank
• Transfer of ownership within the zone.
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Facilities
Offered |
Office
Units (for service activity only)
(17 sq. meters)
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Warehouse/Workshop
(334 sq. meters)
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Open
showroom
(Office + open area)
Office 42 sq. meters, Open area 1000 sq.
m)
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Rental per
annum |
20 sq. meters US$
327 (AED 1200/m2)
20 is negotiable
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US$ 13624 (AED 50,000) |
US$ 9,673
(AED 35,500)
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Lease Period |
One Year, annually
renewable |
One Year, annually
renewable |
One Year, annually
renewable |
Types
of Establishments
which can be formed
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Branch of a foreign
company
(Including Offshore Company
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Branch of a UAE company |
Free Zone
Ducamz
(FZD)
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Types
of licences issued |
Trading License |
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Licence
Fee |
AED 5,500 |
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Activities
Allowed |
Trading in cars |
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Ownership |
100% |
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Company Formation
period |
10 – 20 days |
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| Notes: |
| Registration, Licensing & Visa formalities
with respect to an Entity in DUCAMZ is managed
by Jebel Ali Free Zone Authority. |
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