Dubai Flower Centre Company Formation
Dubai Flower Centre (DFC) is that the new hub for the expansion of the floriculture industry in Dubai. it’s located near Dubai International Airport and is established to satisfy the requirements of the developing floriculture center within the country. The flower center’s first phase was finished within the year 2004 at a price of $50 million. the development isn’t yet completed and can continue in two more phases. At present the Dubai Flower Centre has 19 tenants coming from 11 countries and is predicted to serve two billion consumers once fully operational. Thus, Dubai Flower Center’s free port aside from increasing the country’s revenue and offering jobs to the locals also allows people from other countries to require part within the industry.
The global trade of flowers and perishables and with the explosive growth within there’s an increasing demand for commercial solutions to enable the industry to scale back transit times and innovative logistics, improve quality, and grow profits. Hence, the Dubai Flower Centre has been established to satisfy of these needs and is committed to delivering all its objectives.
Benefits of fixing a Business in DFC
- Situated at the Dubai International Airport
- 100%t import and export tax exemption
- 100% repatriation of capital and profits
- No currency restrictions
- Increased connection to and from major global trading points and increased capacity
- Facilitates and support to enable efficient commercial transactions
- 100% foreign ownership
Business Activities Allowed in DFC
Any activity associated with perishable items like floriculture, horticulture, fruits & vegetables, etc. is allowed in DFC. The free port also allows:
Types of Business Entities in DFC
- Free zone Establishment
- Free zone company
- Branch of a far off company
Types of Licenses Issued in DFC
There are two sorts of licenses issued in DFC:
- Trading License
- Service License
How to find out a Business in DFC?
As said earlier, since DFC offers jobs to the locals and also allows people from other countries to require part within the industry aside from increasing countries’ revenue, it’s quite natural that a lot of businessmen are interested in this free port. Business setup in Dubai free port is comparatively easy and straight-forward once you’re conscious of all the legalities. The steps to register your business in DFC are as follows:
The approved applicants are going to be sent a Provisional Approval Letter, along side a Memorandum of Understanding (MOU), outlining the essential terms and requirements of operating within the Dubai Flower Centre free port. Between the Dubai Flower Centre and applicant companies the MOU will act as a preliminary of the agreement. The applicants should fax back the MOU, endorsing their acceptance, within ten days of receiving it.
Documents Required to line Up a Business in DFC
- Completed Dubai Flower Centre form
- A brochure of the corporate (if available)
- The company’s annual financial report for the last three years (if available)
Why found out a corporation in DFC?
Apart from the aforementioned benefits, DFC offers variety of facilities to the companies operating in their free port, like, rapid consolidation and trans-shipment, world-renowned cool chain management and facilities to accommodate efficient commercial transactions, to not mention a variety of free port incentives.
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