Dubai World Trade Centre Free Zone
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Dubai World Trade Centre (DWTC)
The Dubai World Trade Centre (DWTC) is a premier event venue and business hub in the heart of Dubai’s bustling Power Corridor. With strategic positioning, offering direct accessibility via the Dubai Metro and just a 15-minute drive from Dubai International Airport, it ensures seamless connectivity for local and international enterprises.
Overview of Dubai World Trade Centre (DWTC)
Established under the visionary leadership of UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, the DWTC Authority is committed to fostering a dynamic and flexible environment for companies of all sizes. Whether you are a start-up or an established corporation, DWTC is an ideal platform for achieving operational success, fostering networking, and driving market expansion.
Key Benefits of Dubai World Trade Centre Free Zone
- Stable and Clear Regulation: Enjoy a well-defined regulatory framework that ensures a smooth, predictable business environment, instilling confidence in investors.
- Simplified Incorporation Process: Setting up a company is quick and straightforward, allowing businesses to commence operations without unnecessary delays.
- 100% Foreign Ownership: Benefit from complete ownership of your business without needing a local partner, empowering entrepreneurs and international investors.
- 100% Repatriation of Capital: Fully repatriate your capital and profits, enabling maximum financial returns.
- 0% Corporate Tax for 50 Years: Take advantage of renewable tax exemptions, making the Free Zone an attractive choice for long-term investments.
- No Import/Export Tax: Engage in tax-free trade, allowing for seamless import and export of goods without additional financial burdens.
- No Currency Restrictions: Enjoy freedom in currency transactions and fund repatriation, simplifying international trade processes.
- No Restrictions on Hiring Foreign Employees: Flexibility in staffing enables businesses to tap into global talent, thereby enhancing their operational capabilities.
- One-Stop-Shop Services: The DWTC offers comprehensive government services, including Dubai company registration, licensing, UAE visa and immigration processing, and more, designed to support business administrative workloads.
- Additional Insights on Foreign Ownership
- Facilitates international investment and entrepreneurship.
- Encourages diverse business practices and innovation.
Types of Licenses Issued by DWTC Free Zone Authority
The DWTC Free Zone Authority offers various licenses tailored to meet the diverse needs of businesses:
- Service License: This license allows entities to provide specific services within the Free Zone and across the UAE, including event management, consulting, training, software development, repair services, catering, and HR services.
- Trade License: This license permits activities related to the importing, exporting, and distributing goods as specified within the license.
- Event License: This license enables organizations to organize meetings, incentives, conferences, exhibitions (MICE), and other business and leisure events.
- Business Operation Permit: Issued by the Dubai Economic Department (DED), this special permit is required for companies operating within the Dubai World Trade Centre (DWTC) Free Zone.
- Commercial License: This license permits conducting commercial activities, including importing, exporting, selling, distributing, and storing permissible items.
- General Trading License: This license enables a wide range of trading activities, including the import, export, sale, distribution, and storage of various products.
- Professional License: This license encompasses service-related activities, including advisory services, consulting, software implementation, training, repairs, catering, and HR services.
- Event Management License: This permits individuals or organizations to organize various business and leisure events, including meetings, conferences, and exhibitions.
- Business Operating Permit: Allows locally licensed onshore entities to relocate or establish operations within the Free Zone.
Types of Companies in DWTC Free Zone
Setting up a business in the DWTC Free Zone is an attractive option for entrepreneurs seeking to maximize their investment returns effectively. The Free Zone offers various company formation options, including:
- Free Zone Establishment (FZE): A single-shareholder entity, allowing for complete ownership, is ideal for small businesses and entrepreneurs seeking flexibility.
- Free Zone Company (FZCO): Requires a minimum of two shareholders, accommodating joint ventures and multiple shareholders while maintaining a flexible management structure.
- Branch of an LLC: Ideal for foreign businesses wishing to operate locally while retaining their parent company’s identity and the benefits of the Free Zone.
- Branch of a Foreign Company: Enables foreign entities to operate in the DWTC without forming a separate legal entity, facilitating ease of operations.
Why Choose DWTC Free Zone?
The DWTC Free Zone offers a lucrative business environment for entrepreneurs and multinational corporations. With leasing and licensing opportunities across Dubai World Trade Centre and One Central, it provides a strong incentive for businesses to use Dubai as a gateway to local and regional markets.
For those looking to set up a business in DWTC, professional guidance can help navigate the complexities of corporate law and company support services. Our team of experts is ready to help you establish your company and opening corporate bank in dubai efficiently and effectively. We are always open to inquiries, comments, and suggestions to serve you better, and we look forward to doing business with you.
World Trade Centre Free Zone – Company Formation Packages
World Trade Centre Free Zone offers flexible licensing options tailored to various business structures, including Branch, Free Zone Establishment (FZE), Establishment, and Free Zone Company (FZCO). For startups and small businesses, the Hot Desk package is priced at AED 28,300 for the first year, while the Executive Office package costs AED 51,300. Renewal rates for the second and third years are AED 27,300 for Hot Desk and AED 52,300 for Executive Office. Businesses looking to engage in broader trading activities can apply for a General Trading License, which includes AED 52,500 for office rent and AED 20,000 for registration and license fees—applicable to all license types.
Thinking of starting a business in the UAE?
The costs associated with setting up a company in the DMCC Free Zone are influenced by several factors, including the type of business activity, the chosen office space, and any additional services required. Entrepreneurs must conduct a thorough assessment of their business objectives and budgetary constraints. At Silver Oak Documents Clearing Services LLC, Ajman Media City Free Zone is an excellent option, offering low-cost packages and a fast registration process. RAKEZ Free Zone is ideal for industrial and commercial ventures, while Meydan Free Zone offers a prime location in central Dubai with flexible desk options or hire office space in dubai. If you have any further queries or would like a personalized consultation, please don’t hesitate to contact us. Thinking of starting a business in the UAE?
FREQUENTLY ASKED QUESTIONS
Do you have any question? Find answer here
What business activities are allowed in the DWTC Free Zone?
The DWTC Free Zone caters to a wide range of industries, including Trading and logistics, Construction and manufacturing, Information Technology and telecom, Media and entertainment, Healthcare and education, and Professional Services (consulting, legal, etc.)
How much does setting up a business in the DWTC Free Zone cost?
Considering your specific needs and cost, Oak Biz Business Setup offers customized quotes based on license, visa requirements, and office space.
Do I need a local sponsor to set up business in the DWTC Free Zone?
Unlike mainland Dubai, the DWTC Free Zone permits 100% foreign ownership; there is no need for a local sponsor.
What are the visa requirements for working in the DWTC Free Zone?
The visa requirements for working in the DWTC Free Zone vary based on nationality and employment role, and Silver Oak Biz Business Setup can assist in the visa application process.
