Dubai Company Formation in Free Zone (CARS AND AUTOMOTIVE ZONE- DUCAMZ

CARS AND AUTOMOTIVE ZONE was established with the objective of re-exporting used cars to

the Asian and African Region where the demand exists and continues to grow. This zone is situated

within the Dubai city and comprises of one million square meters of bonded area.

The location has easy access to all airports and seaports in the region. From here the

automobiles are reloaded onto feeder vessels, or on to trucks which travel throughout

the region on a modern network of highways, linking the neighbouring countries to the

Middle East and beyond.

This area is used for the purpose of the re-export of cars. The vehicles are categorized

into two groups, left-hand drive vehicles which are exported into the local markets and

are subject to local regulations and right hand drive vehicles which are mainly exported

to India, Afghanistan, Pakistan, Yemen and other African Countries.

Features

• Government support services.

• Competitive freight charges.

• Ease of administration problems.

• No restrictions on import of automobiles.

• No import duties.

• Hassle free clearance from Police (traffic department), Customs, Port and Banks.

• Excellent support systems.

• The facilities could be leased for 50 years.

• Type of company activities would include trading in cars only.

Form of registration

• As a branch of a UAE company - no minimum capital required.

• As a Free Zone Company (FZCO) - minimum share capital is AED 100,000.

• As a Free Zone Establishment (FZE) - minimum share capital is AED 100,000.

Facility costs and type of license

• These figures are indicative and subject to change

GDP is a center for gold and diamond manufacturers, traders and retailers. The center receives special requests from customers for custom made jewellery and other mementos. GDP is owned by EMAAR and through a long term agreement with Jebel Ali Free Zone provided with Free Zone facilities. The park has full Free Zone facilities including 100% foreign ownership. GDP is a competitive place to shop and an enviable location for retailers and manufacturers.

Features

• Government support services.

• Retail shopping facility for visitors.

• 24 hrs security services.

• Chiller systems free of cost.

• Worker accommodation (as per availability)

• The facilities could be leased for 15 years.

• Central gas distribution system

• Type of company activities include gold and diamond trading, designing,

  manufacturing and crafting of gold and diamond jewellery, etc.

Form of registration

• As a branch of a foreign company - no minimum capital required.

• As a branch of a UAE company - no minimum capital required.

• As a Free Zone Company (FZCO) - minimum share capital AED 100,000.

Costs and type of license

Type of license            Cost in AED per annum

·         Manufacturing            AED 5,500

·         Trading                       AED 5,500

 These figures are indicative and subject to change.

Winston Wambua

For more information please contact me on

Mobile +971553350517

Email: winstonk@live.com

Skype: Winston.wambua