Dubai Cars & Automotive Zone (DUCAMZ)
Dubai Cars & Automotive Zone (DUCAMZ)was established in April 2000, with the objective of re-exporting used cars to the Asian & African markets.JAFZA is charged with the supervision of DUCAMZ. Its responsibilities include providing companies with all assistance required including:licensing, administration services, customs and clearingetc. if they wish to operate within the Free Zone.
DUCAMZ displays and array of renowned brands such as: Al Tayer Motors, Luxury Motors Limited, Heewad Motors, Al Habib Motors, Al Meezan Motors, and other related enterprises.
Business benefits of setting up a company within DUCAMZ
Types of company formation within DUCAMZ
Business benefits of setting up a company within DUCAMZ
- • 100% foreign ownership
- • Attractive working environment
- • Access to a market of over 2 billion people
- • Modern efficient communications
- • No currency restriction
- • Competitive freight charges
- • No corporate taxes for 50 years – a concession that is renewable
- • No restrictions on maximum import of automobiles
Types of company formation within DUCAMZ
- • Free Zone Company (FZCO)
- • The company can have multi-shreholders companies
- • Minimum 2 shareholders, maximum 5
- • No local partner required
- • Minimum capital requirement 100,000 AED
