Dubai Car and Automotive City Free Zone
Dubai Car and Automotive City Free Zone (DCAC) is an international business hub located in the heart of Dubai, UAE. It is considered to be one of the leading automotive free zones, providing specialized services for the automotive industry. The zone was launched in 2017 in response to a growing demand for commercial activities related to automobiles and vehicles.
- The DCAC's mission is to provide comprehensive solutions through innovative methods and technologies that are tailored towards meeting the unique needs of its customers in the automobile sector.
- This includes facilitating access to investments and financing opportunities as well as offering streamlined processes for setting up businesses with minimal paperwork requirements.
- In addition, DCAC provides a wide range of facilities such as warehouses, showrooms, workshops, and parking spaces that enable companies within its jurisdiction to conduct their operations efficiently.
The Advantages of Forming a Company in the DUCAMZ Free Zone
Starting a business in a foreign market entails enormous risk. This is due to the fact that the government's policies, laws, and regulations differ. Dubai Car and Automotive City Free Zone (DUCAMZ) has taken care of this in order to attract more international investors and contribute to the growth of the economy.
- Tax exemption from import duties
- Complete ownership
- Profits are repatriated in full.
- Workforce with expertise
- With a strong network, you can enter international markets.
- Outstanding administrative assistance
- There are no restrictions on hiring foreign workers.
- There is no restriction on the number of cars imported.
- There is no personal or corporate taxation.
Facilities for Businesses in DUCAMZ
- Office buildings
- Warehouses
- Showrooms
- Workshops
How To Form a Company in the Dubai Car and Automotive City Free Zone?
Setting up a business or registering a company in the Dubai Auto-free Zone entails the following steps:
- Fill out the Application Form
Fill out the application form and submit it to the DED, the governing authority.
- Decide on the Company Name
Choose a suitable name for your company and follow all business name registration guidelines.
- Create the AOA and the MOA
The company registration agents in Dubai can draught the Articles of Association (AOA), which contains why a company is set up and includes all the roles and responsibilities of the company members as well as internal company proceedings.
Submit the partner's identification documents, bank information, and proof of residency to the Dubai Registrar Office. The details of the partner and the AOA of the parent company must be submitted when registering a branch.
- Make a deposit of the capital
Sign the lease and the employee sponsorship contract after depositing the share capital.
Documents Required for DUCAMZ Company Formation:
- For company incorporation, the following documents must be submitted:
- A trademark must be authorised and backed up by documentation.
- Before beginning business formation operations, the applicant must first obtain preliminary approval.
- Corporate shareholders and applicants must be provided with a Memorandum of Association and Articles of Association. This must be notarized by the UAE Embassy in the country of origin.
- A resolution from the corporate shareholder/board of directors declaring their intent to establish a new company in Dubai.
- Certificates of registration from the Registrar of Companies in the corporate shareholders'/applicants' place of origin
- Copies of the shareholders' passports must be submitted.
- Managers must submit copies of their passports as well as their resumes.
- Each business stakeholder and applicant is required to provide their physical address.
- Each shareholder and member of management must fill out a personal information sheet.
Methodology of Reyson Badger auditing services in Dubai Car and Automotive City Free Zone:
Reyson Badger auditing services in Dubai Car and Automotive City Free Zone (DCACFZ) is one of the leading auditing firms in the UAE. Over the years, Reyson Badger has established itself as a reliable and highly-reputable audit firm providing accounting, assurance, and consultancy services to clients from all over the world.
- The primary focus of Reyson Badger’s audit approach is on risk assessment, ensuring that all key risks are identified and addressed in an effective manner.
- This involves an initial review of internal control systems, followed by detailed analysis to identify areas where improvements are needed.
- In addition, they use advanced analytics techniques such as data mining to uncover any discrepancies or irregularities in financial records.
- The main goal of our methodology is to ensure the highest quality standards for their clients’ financial reporting.
