Dubai Cars and Automotive Zone
By Dubai Cars and Automotive Zone
Sep 12, 2004, 08:02
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Dubai Cars and Automotive Zone
DUCAMZ was established with the objective of re-exporting used cars to the Asian and African Region where the demand exists and continues to grow.
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.
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.
Jebel Ali Free Zone Authority (JAFZA) manages DUCAMZ providing quality service to its customers at all time. We continue to invest in State-of-the Art Technology and Information Management Systems, together with skilled personnel to run them, as attested by ISO 9002 Certification that we have achieved.
Dubai Cars and Automative Zone Objective
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.
Dubai Cars and Automative Zone Adminstration
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.
Dubai Cars and Automative Zone Infrastructure
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.
Dubai Cars and Automative Zone Unique Offers
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:
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Left-hand Drive Vehicles are exported into the local markets and are subject to the local regulations prevalent.
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Right-hand Drive Vehicles are mainly exported to India, Afghanistan, Pakistan, Yemen and other African countries.
Dubai Cars and Automative Zone Features
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Access to a market of over 1.6 billion people
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100% foreign ownership
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No import/export duties
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No restrictions on maximum import of automobiles
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No personal income and capital taxes
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No corporate taxes for 50 years - a concession that is renewable
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100% repatriation of capital and profits
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Modern efficient communications
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No recruitment problems
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Attractive working environment
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Abundant energy
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No currency restrictions
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No administration problems
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Hassle-free clearance from:
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Excellent support services from Dubai Ports Authority and other service institutions such as:
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Competitive freight charges
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Transfer of Ownership within the Zone
For further details please call... Tel: 3335000
Or Fax: 3335777
Or Email us @ mktg@jafza.co.ae
Or Mail queries to P.O.Box No 17000 Dubai, U.A.E.
Internet: http://www.DUCAMZ.ae
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