|
|
|
|
 |
|
 |
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 Automotive Zone is located in Ras Al Khor, Dubai. It was established in April 2000. It is only 10 Kms away from Dubai International 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 |
|
Attractive working environment |
|
No currency restriction |
|
Competitive freight charges |
|
No corporate taxes for 50 years – a concession that is renewable |
|
No restrictions on maximum import of automobiles. |
|
Access to a market of over 2 billion people |
|
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. |
|
|
|
|
| For more information & details, please get in touch with us today. |
| Call us on +971-43354233 to discuss with our expert business consultant. |
|
|
|
|
