DUCAMZ
is considered to be the largest in the world
of its kind and is situated at Ras AL Khor
occupying an area of 8 million square feet.
DUCAMZ has started its commercial activities
supplying the Asia, Africa and European markets
with right hand driven cars. |
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Dubai Cars and Automative Zone is located in Ras Al Khor, Dubai. It was esbalished in April 2000. It is only 10 Kms away from Dubai Internatioanl Airport. The total size of the zone is 8000,000 sq. feet.
The location has easy access
to all airport 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.
It offers 100% foreign ownership. The company formation period is 10-20 days.
Activities allowed
Trading in cars
Type of license
issued
Trading License 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.
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 its partners with a
paid minimum 100,000 (US 27,000) as share
capital.
Minimum shareholders is two and with a maximum
of five.
Silent Features:
• |
100% foreign ownership |
• |
Modern efficient
communications |
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Attractive working environment |
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No currency restriction |
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Competitive freight charges |
• |
No corporate taxes for 50 years – a concession that is renewable |
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No restrictions on maximum import of automobiles. |
• |
Access to a market of over 2 billion people |
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Hassle free clearance from: Police (traffic department), Customs, Port and Bank |
• |
Excellent support
services from Dubai Ports Authority & Other
service institutions such as: Shipping,
Insurance, Banking, Automobile Workshop & Restaurants |
• |
NO import/export duties. |
• |
Transfer of ownership within the zone. |
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