Dubai World Trade Centre Free Zone Company Formation

Business Setup Services | Dubai World Trade Centre Free Zone

The initiative for DWTC was for providing an efficient, effective, well regulated, and competitive business ecosystem to compete effectively in local and international markets. Dubai World Trade Center Authority (DWTCA) has the jurisdiction of the free zone and enjoys corporate body status, financial and administrative autonomy and full legal power to carry out its duties and activities. As the iconic World Trade Center the World Trade Center free zone has a strategic location and the adjacent to Dubai Trade Center District. This free zone provides strong incentives for businesses to use Dubai as a springboard to enter a local or the international market from an investor’s point of view it is very beneficial. Dubai World Trade Center’s free zone primary focus on hospitality, entertainment, and amenities within a periphery make it a convenient place and easily accessible.

Advantages of Setting Up a Business in DWTC Free Zone

  • No income tax and corporate tax for 50 years, and renewable after that
  • No export taxes
  • No restraints over capital nationality
  • You can choose from multiple legal operating structure there are no restrictions
  • 100% foreign ownership
  • 100% repatriation of capital
  • Flexibility to determine the price of services or products and the profit margin desired
  • Stable and clear regulation
  • Government services, including company registration, licensing, visa and other services
  • No restriction on currency and repatriation of funds
  • No restriction on hiring foreign employees
  • Simplified incorporation process

Services Provided by the DWTC Authority

Registration Services :

To form a legal entity

Licensing Services:

For issue and renewal of license and business permits

Immigration Services :

Issue of entry permits and renewal of visas

General and Administrative Services :

For the issue of certificates for any purpose that includes no objection certificate

Business Entities Allowed in DWTC Free Zone

The authority allows 3 types of business company within its premises:

1. Free Zone Establishment (FZE)

A company can be registered with one individual or corporate shareholder

2. Free Zone Company (FZC)

The Company can be registered with 2 or more shareholders. Such a shareholder can be an individual or a company

3. Branch Office of an Existing Company

No requirements for minimum share capital and the company can be from the UAE or outside

Process of Setting Up a Business in DWTC Free Zone?

The largest venue for hosting many of the globe’s high-profile events is Dubai World Trade Centre (DWTC) in the region and offers multiple service under one roof.

DWTC covers over a million square area multiple purposes that has hosted more than 500 events across international trade fairs, mega consumer shows, and prestigious conventions, and welcomes over 2.74 million visitors from 160 global markets every year. An enormous opportunity provided by the authorities to investors to setup their business in Dubai. The procedure to start a business is plain and simple with a minimal number of documents.

Process to Setup a Business in DWTC Free Zone

Select a Business Activity

Choose the business activity you want to setup your business on and get the license to help to expand your business activity. You can do multiple business activities as per DWTC.

Select a Company Name

The next step is to choose your business Name but before doing it make sure that name is available for registration in the Dubai World Trade Authority portal. There are rules and regulations and certain words or phrases that insult any religion make sure you check up before choosing the name.

Get the Documents and Apply for a License

The next is very important after you choose your activity and register your business name is to gather all your documents and apply for a license. The type of license depends on business activity. To apply for the same, you need to first fill the application form and gather documents, as mentioned in the form. Also, you can make a visa application during this process.

Pay Fees

You are required to pay the fees for registration and licensing to the DWTC authority. After the payment, the process will be started and the license will be approved within a few weeks.

Documents you need to have to Setup a Business in DWTC Free Zone

  • DWTCA application form
  • Business plan or brief project summary
  • A letter of confirmation from the Bank on deposit of Share capital
  • Passport copies of the shareholders, directors, and general manager
  • Emirates ID copies of the shareholders, directors, and general manager (only for UAE residents) Other routine documentation viz. application forms, specimen signatures, etc.
  • Certified true copy for a certificate of incorporation of parent/certificate of registration (attested by the appropriate authority)
  • Board/shareholder resolution for establishing FZE in DWTCA and appointing a manager (attested by the appropriate authority)
  • A notarized power of attorney (attested by the appropriate authority)
  • Memorandum of Association (MOA) of the parent company (attested by the appropriate authority), in case of a branch office

  • Why you need Setup your Business in DWTC Free Zone?

    A well regulated and effective ecosystem help you setup your business Dubai World Trade Centre authority provides establish rules and regulation so you work freely without any hindrance. The free zone has very responsive and well connected transport system via the Dubai Metro, road network and Dubai International Airport.

    The DWTC Authority sets benchmarked policies and procedures in collaboration with government authorities. You also receive additional incentives if you establish business their permanent representation within free Zone.

    Some of the advantages are:

    1. Simplified Registration Process

    The process of a company incorporated is very simple process for an entrepreneur or already existing company. You can register your business in a matter of weeks.

    2. A safe haven for Business Hub

    Dubai is situated in the middle where you can access every developing economy and that why it makes an ideal location to start a business.

    3. Competitive Advantage

    Dubai World Trade Centre’s location coupled with its low setup costs can offer businesses a real competitive edge in terms of business growth and profitability.

    Business setup in Dubai World Trade Centre is a lucrative choice for entrepreneurs who are looking to capitalize on their investments in the smartest possible way. If you are looking to start a business here, you’d probably need a consultant to guide you through the corporate law and company support services. We at Branches can help you in setting up a business in DWTC Authority free zone one of the fastest growing industry with a world class transport and technologies. branches have the expertise and resources to help you achieve your company setup dreams without worrying about the red tape, visa applications, documentation, and licensing formalities, residence permits, banking details, etc.

    Contact us for Dubai World Trade free zone company formation and we gladly help you.

    BCM Corporate Services Can Help You !

    1. GET A VISA WITH FLEXI-DESK:

    While Dubai World Trade Centre Free Zone is home to a large number of multinational corporations, it’s also very popular with smaller businesses – and its flexi-desk package is a big reason. Flexi-desk is perfect for entrepreneurs who don’t want to commit to permanent physical office space, but still require the ad-hoc use of office equipment and facilities such as meeting rooms. But the key benefit here is that with DWTC’s flexi-desk package you can apply for multiple visas.

    2. NO NEED TO COMMIT TO OFFICE SPACE:

    For those who require more flexibility than a flexi-desk, Dubai World Trade Centre allows you to set up shop without committing to any office space at all – simply register your business in the free zone and work from wherever you wish. If an office is a requirement, however, DWTC has you covered here as well. Entrepreneurs have the option of taking permanent office space in DWTC’s business centre – currently located in Sheikh Rashid Tower but soon to move to brand new facilities in the coming months.

    3. STRAIGHTFORWARD AND AFFORDABLE SETUP:

    Whatever type of business you wish to form, Dubai World Trade Centre company setup is fast, simple and affordable. Starting a Free Zone Establishment (FZE), a Free Zone Company (FZCO) or a branch of an existing business in DWTC can be very reasonable. In fact, for the flexi-desk option it may be as low as AED 41,000. As for the process, all is taken care of through the Dubai Department of Economic Development (DED) special project counter and therefore follows the standard DED company formation process.

    4. NO REQUIREMENT FOR NOC FROM A LOCAL SPONSOR:

    Another reason why Dubai World Trade Centre Free Zone appeals to smaller businesses is that it does not require entrepreneurs to provide a No Objection Certificate (NOC) from a current employer. This is ideal for first time entrepreneurs wishing to set up side businesses within the free zone while still employed.

    5. A VARIETY OF BUSINESS TYPES AVAILABLE:

    Perhaps the biggest reason why DWTC is one of the UAE’s most bustling business hubs is that it is open to such a wide variety of businesses. Entrepreneurs wishing to set up here can select any DED listed business activity – that’s a choice of over 2,000 from industries as diverse as agriculture, construction and finance.

    6. SHARE CAPITAL REQUIREMENTS:

    To set up in Dubai World Trade Centre Free Zone you simply deposit AED 300,000 in paid upfront share capital and provide proof that you have done so. While this is certainly a barrier for some, it’s a relatively small cost for setting up in such a prestigious location. If you wish to set up a branch of an existing company, no share capital is required.

    7. NO AUDITING OR BOOK KEEPING REQUIRED:

    Anything that can lighten the administrative burden can only be a good thing. Fortunately, Dubai World Trade Centre is on hand to help. Not only is there no annual audit for DWTC businesses but there’s also no ongoing book keeping requirements.

    8. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

    Another way DWTC can help to reduce admin is by assisting with the opening of your corporate bank account. As well as advising you on the best banks to suit your needs, Dubai World Trade Centre staff can also arrange meetings with your chosen financial institutions should you so wish.

    9. EASY TO SPONSOR DEPENDANTS:

    As well as making it easy to apply for your own visa, it’s also straightforward for entrepreneurs in Dubai World Trade Centre to sponsor dependants for their residence visas as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet all of the entry criteria.

    10. SET UP WITH MULTIPLE SHAREHOLDERS:

    Another major draw for large businesses toward Dubai World Trade Centre is that it allows for setup with multiple shareholders – which can be individuals, corporate entities or a combination of the two. Entrepreneurs wishing to set up such a business simply need to register a Free Zone Company.

    11. WORLD CLASS LOCATION AND FACILITIES:

    Dubai World Trade Centre’s strategic location is yet another factor behind its tremendous popularity. Its transport links include the Dubai Metro and close proximity to Al Maktoum International Airport. Plus, at the heart of its complex is the Dubai International Convention and Exhibition Centre making DWTC the perfect home for entrepreneurs looking to network, collaborate and engage with likeminded professionals from around the world.

    12. COMPETITIVE EDGE:

    Dubai World Trade Centre’s location, coupled with its low setup costs can offer businesses a real competitive edge. At the heart of Dubai’s financial district, next door to Dubai International Financial Centre, DWTC offers businesses a prestigious office address without the sky-high costs usually associated with the area.

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    Company Registration Service in Dubai World Trade Centre Know business setup cost & Package with Tariff for Dubai World Trade Centre. You will get Dubai World Trade Centre Office at affordable cost, You can see several new companies in Dubai World Trade Centre generating good Revenue. Read on Dubai World Trade Centre Jurisdiction and Benefits of setting up of company in Dubai World Trade Centre. We help you getting Business License in Dubai World Trade Centre. Rules & Regulations in Dubai World Trade Centre are similar to other free zones in UAE. You might have read about the activities, advantages employee benefits of Dubai World Trade Centre. Get a quote today and know about license fees & trade license cost towards establishment of Dubai World Trade Centre.

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