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Today it is one of the fastest growing free zones in the region contributing 4. DAFZA provides international investors with per cent tax exemption, per cent foreign ownership and no currency restrictions. These companies cover a vast number of key industry sectors including electronic and electrical, IT and telecommunications, pharmaceutical and cosmetics, engineering and building materials, aerospace and aviation, logistics and freight, food and beverage, jewelry and precious stones as well as luxury items.
The free zone itself stretches over an area of , square meters, which includes 13 buildings and warehouses however when it was first established, it was only two central buildings and one warehouse facility. DAFZA has an infrastructure of established offices, thermally insulated and purpose-built units, conference rooms, a lecture hall, a business lounge and telecommunication services.
The complex also has a spa, coffee shops, banking and postal services. In Dubai a trade license is required to conduct business. DAFZA specialize in three types of licenses: Trade License which entitles the holder to import, export, distribute and store items specified in the license; Service License which entitles the holder to carry out services specified in the license; Industrial License which entitles the holder to carry light industrial activities, packaging and assembling.
DAFZA allows for two different types of companies to be set up in Dubai, a Free Zone Establishment FZE , which is formed with a minimum of one shareholder and a maximum of 50, either individual a person or non-individual a company and a Branch Office of an existing company whereby a foreign company can set up a branch of its existing company in DAFZA.
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