Dubai Auto City and the Automobile Manufacturing Zone focus on the export of used cars. It is an international trade center for used cars. It mainly imports used cars through ports such as Jebel Ali, Abu Dhabi, and Sharjah, aiming to export used cars to the Asian and African markets. Companies settled in the city can enjoy a number of preferential policies, such as wholly foreign-owned companies, exemption from corporate income tax for 50 years, exemption from personal income tax, and exemption from import and export tariffs. Popular brands on the market include Toyota, Nissan, Mercedes-Benz, BMW, Mitsubishi, Ford, etc. The age of the car must not exceed 4 years. Both left-hand and right-hand drive vehicles can be imported, but right-hand drive vehicles cannot be driven on the road and can only be re-exported. (Adam)
With its excellent geographical location, Dubai has become an important trade hub connecting Asia, Africa and Europe. As an important part of Dubai's economic diversification, Dubai Motor City has modern infrastructure and a well-developed transportation network. It is close to Dubai International Airport and several ports, which provides great convenience for the rapid transportation of goods and personnel exchanges.
In addition, the Dubai government implements an open economic policy, with no foreign exchange control, free flow of funds, and 100% of profits can be remitted back to the country. At the same time, in Dubai Motor City, a low tax rate and even tax-free policy in some areas are implemented, which has significant advantages for enterprises to reduce operating costs and increase profit margins.
Automobile trade: As the automobile trade center in the Middle East, Dubai has a huge demand for all kinds of automobiles and accessories. Here, you can engage in new car import and export, second-hand car trading and other businesses, and use Dubai's radiation effect to sell automobile products to surrounding countries and regions.
Auto parts manufacturing: Relying on Dubai's perfect industrial supporting system, we carry out automobile parts manufacturing business. From simple automobile interior accessories to complex engine parts, there is a broad market demand. Moreover, Dubai Automobile City can provide sufficient industrial land and relevant policy support to help enterprises expand their production scale.
Auto repair and maintenance services: With the continuous increase in the number of cars in Dubai, the market potential for automobile repair and maintenance services is huge. The establishment of a professional automobile repair center to provide one-stop repair, maintenance, beauty and other services will attract many car owners and meet local market demand.
Car rental: Dubai has a developed tourism industry and receives a large number of tourists every year. The car rental business can meet the travel needs of tourists in the local area. Whether it is short-term tourist car rental or long-term business car rental, there is a stable source of customers.
Tax incentives: As mentioned above, some areas of Dubai Motor City enjoy tax exemption policies, and corporate income tax, value-added tax and other tax burdens are low, which greatly reduces the operating burden of enterprises and increases corporate profits.
100% foreign ownership: Investors can own 100% of the company's equity, without the need to cooperate with local partners, and make independent decisions on the company's operations and management, fully protecting the rights and interests of investors.
Convenient logistics and supply chain: With Dubai's superior geographical location and developed transportation facilities, companies can efficiently purchase raw materials and transport finished products, build a complete global supply chain system, and enhance their competitiveness in the international market.
High-quality business services: Dubai Motor City is equipped with professional business service agencies, covering legal consulting, accounting services, human resources management and other fields, providing all-round support for the daily operations of enterprises and helping them develop smoothly.
Company name: The company name must comply with relevant Dubai regulations, cannot be the same or similar to the registered company name, and cannot contain certain sensitive words. The name can be used in English, Arabic, or both.
Shareholders and Directors: At least one shareholder is required, and the shareholder can be a natural person or a legal person, regardless of nationality. At the same time, at least one director is required, and the director is also not restricted by nationality, but must be at least 18 years old.
Registered capital: Different types of companies have different registered capital requirements. Generally speaking, the minimum registered capital of a limited liability company is 1 million dirhams, but some industries may have higher requirements. The registered capital does not require actual verification and can be gradually in place according to the company's development plan.
Registered address: The company must have an actual registered address in Dubai Motor City, and can choose to rent an office or factory. The Dubai Motor City Administration provides a variety of office and production sites for companies to choose from to meet the scale and needs of different companies。
Company name approval: Submit the company name application to the Dubai Motor City Administration for name duplication check and review to ensure that the name complies with regulations and is not occupied. This step usually takes 1-2 working days.
Submit registration application: Prepare all the documents required for company registration, including company articles of association, shareholder and director identification certificates, registered capital certificate, registered address lease contract, etc., and submit them to the Dubai Motor City Administration for registration application. The documents must be notarized and certified to ensure their authenticity and legality.
Approval and license issuance: The Dubai Motor City Administration will review the registration application and issue the company business license after the review is passed. The approval time is generally 5-10 working days, depending on the completeness and accuracy of the application documents.
Bank account opening: After the company is successfully registered, it is necessary to go to a local bank to open a company account. When opening an account, you need to provide documents such as the company's business license, company articles of association, shareholder and director identification certificates, and the account can be opened after the bank reviews and passes. Bank account opening time usually takes 1-2 weeks.
The entire registration process takes about 2-3 weeks, from company name approval to obtaining a business license and completing bank account opening. However, if the application documents are not fully prepared or there are special circumstances in the approval process, the registration time may be extended. Therefore, it is recommended that investors make adequate preparations in advance to ensure a smooth registration process.
Government registration fees: including company name approval fees, business license registration fees, etc., totaling about 5,000-10,000 dirhams (about 9,000-18,000 yuan).
Agency service fees: If investors choose to entrust a professional registration agency to handle the registration procedures, the agency fee generally ranges from 10,000-20,000 dirhams, and the specific fee depends on the service content and quality of the agency.
Other fees: such as registration address rental fees, document notarization and certification fees, etc., depending on the actual situation. The registration address rental fee varies according to the site area and location, and the document notarization and certification fees are calculated based on the number of documents and the charging standards of the notarization and certification agency.
Choose a bank: Dubai has many internationally renowned banks and local banks to choose from, such as Emirates NBD, Dubai Islamic Bank, etc. Investors can choose a suitable bank based on the bank's service quality, fee standards, international business capabilities and other factors.
Documents required for account opening: company business license, company articles of association, shareholder and director identification, company address proof, business plan, etc. Different banks may have slightly different requirements for documents, and investors need to consult the bank before opening an account.
Account opening process: After submitting the account opening application documents, the bank will review the documents and may require shareholders and directors to interview. After the review is passed, the bank will open an account for the company and provide related banking services, such as checkbooks, online banking, etc.
Accounting and tax services: Dubai's accounting and tax regulations are different from those in China. Investors can entrust local professional accounting firms to handle accounting and tax declarations to ensure that the company's financial operations are in compliance. Accounting firms can also provide financial consulting, budget planning and other services to help companies manage their finances.
Human Resources Services: Help companies recruit suitable employees and handle employee visas, work permits and other procedures. At the same time, provide human resources management services such as employee training, performance management, and salary and benefits design to improve the company's human resources management level.
Companies in the Dubai Free Zone can conduct business activities that align with their trade license, but generally cannot directly operate in the local UAE market outside the free zone. Business activities outside the free zone require the use of an agent.
The registration address for companies in Dubai Free Zone is provided by the free zone management authority. You can also rent actual office space or choose a virtual office.
Most companies in Dubai Free Zone enjoy a 50-year tax exemption policy, with no corporate income tax, personal income tax, etc., and import customs duties are also exempted.
In the Dubai Free Zone, the common forms of business organizations include Free Zone Establishment (FZE) and Free Zone Company (FZC). FZE is suitable for a single shareholder, while FZC is suitable for two or more shareholders.
Zhuoxin Consulting relies on its Chinese service network and Dubai executive team to provide professional one-stop business services without communication barriers for Chinese companies to enter the Middle East market. Its business covers company establishment and maintenance, accounting and taxation, bank account opening, PRO services and business services.
Zhuoxin Consulting has high-quality business resources and maintains close cooperation with many free zones, bankers and tax departments in the UAE to escort your expansion in the Middle East market.