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Dubai Airport Freezone (commonly abbreviated as DAFZ) is a designated free economic zone in Dubai, United Arab Emirates, providing company formation and business setup services in Dubai. DAFZ is home to more than 2,000 registered businesses from over 20+ sectors and various industries, with 20,000+ professionals.
UAE has over 35 FTZs of which more than 20 are located in Dubai. The main attraction for setting up a company in a free zone is that there is no UAE national shareholding required. All free zones in UAE offer the following incentives: 100% foreign ownership of the enterprises; 100% cent import and export tax exemptions
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
Dubai International Airport is situated in the Al Garhoud district, 2.54 nautical miles (4.70 km; 2.92 mi) east [2] of the city center of Dubai and spread over an area of 2,900 hectares (7,200 acres) of land. [12] Terminal 3 is the third-largest building in the world by floor space and the largest airport terminal in the world. [13]
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone.
Dubai Airports Company was structured in 2008 to take control of Al Maktoum International Airport at Dubai World Central in Jebel Ali, Dubai International Airport, and Dubai Cargo Village. [1] In 2016, Dubai Airports started working on the expansion of the Al Maktoum International Airport, from 66,107 to 145,926 sq metres. [2]
Airport name IATA [1] Location Emirate ICAO [2] Coordinates; Zayed International Airport [2]: AUH Abu Dhabi: Abu Dhabi: OMAA Al Bateen Executive Airport [2]: AZI Abu Dhabi
One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) but was rebranded as NASDAQ Dubai in 2008. The trading hours of NASDAQ Dubai are from 10:00 a.m. to 2:00 p.m. (6:00 a.m. to 10:00 a.m. GMT), from Sunday to Thursday. [ 10 ]