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FREE ZONES IN UAE > Dubai Cars & Automotive Free Zone |
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DUBAI CARS & AUTOMOTIVE FREE ZONE |
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Dubai Cars and Automotive Zone is located in Ras Al Khor, Dubai. The total size of the zone is 8 million. Sq. Ft. It was established with the objective of re-exporting used cars to Sian & African markets. DUCAMZ offers unique benefits for businessmen in the used cars industry who set up an establishment and this is applicable to individuals or non-individuals (Joint ventures, Partnerships, etc.) from any country.
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 its partners with a paid minimum 100,000 (US 27,000) as share capital. Minimum shareholders is two and with a maximum of five.
Competitive Advantages:
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Attractive working environment |
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Access to a market of over 2 billion people |
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Modern efficient communications |
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No currency restriction |
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Competitive freight charges |
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No restrictions on maximum import of automobiles. |
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Hassle free clearance from: Police (traffic department), Customs, Port and Bank |
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Transfer of ownership within the zone. |
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Office Units (for service activity only)
(17 sq. meters)
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Warehouse/Workshop
(334 sq. meters)
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Open showroom
(Office + open area)
(Office 42 sq. meters, Open area 1000 sq. m)
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Rental Per Annum |
20 sq. meters US$ 327 (AED 1200/m2)
20 is negotiable |
US$ 13624 (AED 50,000) |
US$ 9,673
(AED 35,500)
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Lease period |
One Year, annually renewable |
One Year, annually renewable |
One Year, annually renewable |
Types of Establishments
which can be formed |
Branch of a foreign company
(Including Offshore Company
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Branch of UAE company |
Free Zone
Ducamz
(FZD)
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Types of licences issued
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Trading License |
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Licence Fee
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AED 5,500 |
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Activities Allowed
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Trading in cars |
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Ownership
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100% |
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Company Formation period
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10 – 20 days |
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