Dubai Auto Zone
The Dubai Cars and Automotive Zone in Dubai was established in 2000 with the main purpose of exporting cars to the Asian and African markets. One of the greatest advantages of the Dubai Auto Zone is its location that offers easy access to airports and seaports. The Dubai Auto Zone is also one of the most comprehensive market places for companies in the auto industry in the world. The Auto Zone is a very attractive Dubai free zone for foreign investors in the auto industry and contains an economic zone for the GCC (Gulf Cooperation Council) market and another retail zone for local markets.
What are the incentives and services available in the Dubai Auto Zone?
The Auto Zone in Dubai provides both local and foreign investors with many incentives when establishing a Company in Dubai. Among these are:
- Office and storage spaces
- Full foreign ownership of the Company
- No corporate tax
- Full repatriation of capital and profits
- No restrictions on currency
- No restrictions if hiring foreign employees in the Dubai Company
- No import or export duties
- No restrictions on the number of cars imported
Moreover, all authorities involved in auto trade have a physical presence in the Dubai Auto Zone:
- Customs Inspections
- Customs Operations
- Shipping agencies
- The Dubai Ports Documentation
The only activities allowed in the Dubai Auto Zone are related to the automotive industry and involve trading, insurance and maintenance.
What are the required documents when opening a Company in the Dubai Auto Zone?
In order to register a Company in the Dubai Auto Zone, the following documents are required:
- An application form,
- The Company’s name
- The articles of association of the Company that can be drafted by our specialists in Company incorporation in Dubai
Additionally, the founder or founders of the Company must also submit documents regarding their identity, such as passport copies, a bank reference letter and a recent utility bill as proof of residence. All these documents must be submitted with the Dubai Companies Registrar.
Corporate applicants wanting to set up a subsidiary or a branch office in the Dubai Auto Zone are required to submit the articles of association of the parent Company and personal information about the shareholders and the Company’s managers.
You can contact our specialists in Dubai for trading licensing requirements.