Tuesday, January 13, 2009

Vendome Plaza Hotel - Al Maktoum Road, Deira
Villa Rotana Dubai - Sheikh Zaid Road

Waterfront Apartments - Al Hamriya Street, Deira

York International - Khaleed Bin Walid Street, Deira

Zagy Arabian Suites - Port Rashid Versailles Hotel Dubai - Al Rigga Street, Deira


Westin Dubai Mina Seyahi Beach Resort - Dubai Marina
Dubai Airport Free Zone


Dubai Airport Free Zone is situated within the vicinity of an airport, so the activities permitted at the Zone are limited to high value, low volume products, which require a rapid access to markets. Therefore, DAFZA is an ideal location for high tech / IT products, luxury items, jewellery, light industry & activities related to the aviation industry.

In line with Dubai's policy of offering a "free and fair" business environment, the Dubai Airport Free Zone is organized to meet the requirements of companies establishing themselves at the airport. Dubai Airport Free Zone provide attractive business incentives including 100% foreign ownership, a corporate tax holiday for 15 years renewable for an additional 15 years, no personal income tax, freedom to repatriate both capital and profits, full exemption of import duties and no currency restrictions. Moreover, DAFZA has a gateway for a market of over 1.5 billion people.

Related Link(s):
Dubai Airport Free Zone Website



DUBAI CARS & AUTOMOTIVE ZONE [DUCAMZ]


DUCAMZ was established with the objective of re-exporting cars to the Asian and African region where the demand exists and continues to grow. This zone is situated within 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 and from here, the automobile is reloaded onto feeder vessels, or on to trucks which travel throughout the region on a modern network of highways, linking all the neighboring countries in the Middle East and beyond.

JAFZA is charged with the supervision of DUCAMZ. Its responsibilities include providing companies with all assistance required including: licensing, administration services, customs and clearing etc, if they wish to operate within the Free Zone. Procedural matters have been kept simple.

The infrastructure is tailor-made for entrepreneurs, not only with a modern road network but also excellent air connections at Dubai International Airport, which is home to Emirates, the international, award-winning airline of the UAE.

DUCAMZ offers unique benefits for businessmen in the cars industry who set up an establishment and this is applicable to individuals or non-individuals (Joint Ventures, Partnerships, etc.) from any country.

By applying and completing some simple but essential documentation, separate legal entities called the Free Zone Company (FZCO) with limited liability can be formed with Head Quarters in the Zone.

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 of its partners with a paid minimum AED 100,000 (US$27,000) as Share Capital. Minimum shareholders are two, with a maximum of five.

TRADING IN CARS
This area is solely used for the purpose of re-export. The vehicles are categorized into two groups:
Left-hand Drive Vehicles are exported into the local markets and are subject to the local regulations prevalent.
Right-hand Drive Vehicles are mainly exported to India, Afghanistan, Pakistan, Yemen and other African countries.
SALIENT FEATURES

Access to a market of over 1.6 billion people

100% foreign ownership
No import/export duties
No restrictions on maximum import of automobiles
No personal income and capital taxes
No corporate taxes for 50 years - a concession that is renewable
100% repatriation of capital and profits
Modern efficient communications
No recruitment problems
Attractive working environment
Abundant energy
No currency restrictions
No administration problems
Hassle-free clearance from:
Police (Traffic Department)
Customs
Port - Bank
Excellent support services from Dubai Ports Authority and other service institutions such as:
Shipping, Insurance & Banking

Automobile Workshops

Restaurants
Competitive freight charges

Transfer of Ownership within the Zone