Dubai Airport Free Zone
Airports Council International's year-to-date figures as of March 2015, the Dubai International Airport is holding the 3rd position in the most crowded (most passengers) airport rank list. The DAFZA (Dubai Airport Free Zone Authority) is a free economic trade zone, which is operating with the Dubai international airport. It has been established in 1996 by the government of Dubai for utilizing the trading possibilities of the airport zone and to increase the economy of the emirate. Today DAFZA will be a prime element in Dubai's economy by contributing nearly 5 percent of the total GDP of the emirate. The Dubai airport freezone could become a business platform for more than 1,600 companies from across the globe.
The companies that are running inside the Dubai airport freezone covers wide different business areas including electronic and electrical, IT and telecommunications, pharmaceutical and cosmetics, engineering and building materials, aerospace and aviation, logistics and freight, food and beverage, jewelry and precious stones as well as luxury items. The DAFZA is a very large free zone area, which having 696,000 square meters, including 13 buildings and 256 warehouses.
Business formation with Dubai Airport Free Zone
The businesses who already registered with the Dubai airport free zone is utilizing the high quality facilities provided by the zone, like, established offices, thermally insulated and purpose-built units, conference rooms, a lecture hall, a business lounge and telecommunication services, etc. The DAFZA is having very strategical location which is just near to the international airport that makes a business easy access to the cargo department for importing and exporting the goods without much transportation cost and time.
DAFZA provides international investors with 100 per cent tax exemption, 100 per cent foreign ownership and no currency restrictions. Rather than just a business center, the Dubai airport free zone is more likely a quality lifestyle zone. It has State-of-the-art health center, Food Court, Travel Agent, Car Rental, Medical clinic, etc.