Business Setup in Dubai World Trade Centre 

Are you considering starting a business in Dubai but are confused about where to begin? The Dubai World Trade Center (DWTC) is the ideal spot to put your plan into effect.

Located in the heart of Dubai, DWTC is a well-known business hub and a top choice for entrepreneurs and companies looking to network and build international connections. A business setup in DWTC comes with many perks, making it easy for entrepreneurs to establish and grow their presence in a vibrant and competitive environment.

Whether you’re a tech firm, trading company, or freelancer, the Dubai World Trade Center is perfect for growing your business.

What is the meaning of DWTC?

DWTC stands for Dubai World Trade Center which is a freezone in the Emirate of Dubai. The freezone is an ideal location for establishment of business of all kinds, including large corporations, SMEs and startups.

Here are some key features that make DWTC an ideal solution for all business setup needs:-

• 100% ownership and zero taxes, like corporate tax and income tax.
• Easy access to global markets and major business hubs due to the prime location
• Flexible office options such as virtual offices, serviced offices, and retail outlets.
• Permitted activities include trading, commercial services, e-commerce, and event management.

Key benefits of planning a business setup in DWTC

Business setup in DWTC is worth every penny. Here are the advantages of doing business here:

• Prime Location: Businesses established in DWTC, especially those involved in trading, logistics, and international business operations, can have easy access to major airports, seaports, and highways, and connect with global markets.
• Business-Friendly Policies: From 100% foreign ownership and zero taxes to full repatriation of profits and capital to seamless financial management, DWTC makes up for a financially attractive alternative for businesses.
• Vibrant Business Ecosystem: Every year, DWTC hosts around 500 global events, which are a major attraction among tourists and visitors. Hence, businesses and entrepreneurs operating in this free zone can leverage the opportunity to network in a dynamic environment and interact with industry leaders, potential clients, and partners.
• Flexible Licensing Options: The licenses offered in the DWTC free zone cater to all sizes and industries and different business activities, including trading, professional services, and freelancing, allowing businesses to grow.
• Prestigious Address: DWTC licenses enhance the credibility and brand image of the company, demonstrating its professionalism and reliability among international clients.
• Simplified Company Formation: The process of business setup in Dubai World Trade Center is straightforward with minimal paperwork, helping business owners to get their company up and running in no time.
• Premium Facilities and a Dynamic Community: DWTC offers high-quality, flexible office spaces such as shell offices, fitted-out offices, custom-built offices, serviced offices, virtual offices, flexi desks, and retail outlets with modern infrastructure, creating a dynamic community for businesses to thrive.

Types of licenses available in Dubai World Trade Centre

The primary types of licenses available for business setup in DWTC are as follows:-

• Commercial License: For businesses engaging in trading activities within the free zone, including importing, exporting, trading, warehousing, and distribution.
• Professional License: For service-based businesses, such as consultants, engineers, accountants, lawyers, and IT professionals, operating within the free zone and outside the UAE.
• Event Management License: For companies specialized in organizing events and exhibitions, including large-scale events, conferences, trade shows, etc.
• General Trading License: For businesses trading and dealing with various commodities and goods.
• Dual Licensing Option: For businesses that want to operate both in the free zone and on the mainland, providing greater operational flexibility to serve both local and international markets.

The permitted activities covered under the aforementioned licenses include the following:-

Trading Activities:

• Import and export
• Wholesale and retail trade
• E-commerce
• Warehousing and logistics
• Distribution

Professional Activities:

• Consultancy services
• Engineering services
• Architectural services
• Accounting and auditing
• Marketing and advertising

Other Activities:

• Event management
• IT and software development
• Real estate brokerage
• Education and training
• Health and beauty services

Business structures allowed in DWTC freezone

The legal structures available for business setup in Dubai World Trade Centre are:-

1. Free Zone Establishment (FZE)

• Formed by a single shareholder, either an individual or a corporate entity.
• Offers 100% ownership of the business, granting full control to foreign investors.
• Suitable for small or niche businesses.
• Easy management due to single ownership.

2. Free Zone Company (FZC)

• Formed with two or more shareholders, either individuals, companies, or a mix of both.
• Ideal for partnerships or collaborative business ventures.
• Facilitates diverse ownership structures.
• More resources and expertise.

3. Branch of a Foreign Company

• Not a separate legal entity, but an extension of its parent company.
• Operates under the same name and engages in similar activities, without the requirement for additional share capital.
• Leverages the reputation and infrastructure of the parent company

4. Branch of a UAE Company

• An extension of an existing UAE-based company.
• Simplifies operations and maintains brand identity.
• No requirements for creating an additional legal entity.

5. Sole Proprietorship

• A business owned and managed by a single individual.
• Operates under the name of the proprietor.
• Easy to establish and manage.

Guide to business setup in DWTC: Detailed company formation process

Here is the step-by-step process of forming a company in the free zone:-

1. Choose a Business Activity:

Identify the primary activity you want to carry out and make sure it aligns with the permitted activities issued by the authorities.

2. Choose your Business Structure:

Choose a legal structure: Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Foreign Company or a UAE Company, or Sole Proprietorship.

3. Choose a Business Name:

Select an appropriate and unique business name that aligns with the naming conventions of the DWTC. Make sure it does not conflict with any existing businesses in the Free Zone.

4. Prepare Required Documents:

After deciding on the business activity and structure, gather the necessary documents such as passport copies, address proof, business plan, shareholders’ resolution, and a no-objection certificate for businesses expanding a branch or adding new activities.

5. Sign the Lease Agreement:

Depending on your needs, find an office space such as an office, desk space, virtual office, or any other type of office arrangement.

6. Finalize Business License Application:

Once you have secured an office space, apply for the final business license along with a completed application form and other additional documents. Pay the licensing fee and get the license.

7. Open a Corporate Bank Account:

Once your business license is issued, the next step is to open a corporate bank account. Submit the required documents, including your trade license and visa copies.

8. Apply for Visas and Permits:

You need to apply for residence visas for yourself, your employees, and any other individuals associated with your business. Our Dubiz experts can assist you with visa applications.

Documentation required for DWTC business setup

Here are the documents required for getting a business license in DWTC freezone:

For individual shareholders

• Passport and Visa Copy
• Emirates ID
• NOC from Local Sponsor (if applicable)
• 3 Trade Name Proposals
• UBO Form

For corporate shareholders

• Certificate of Registration (for corporate shareholders)
• Passports of Directors/Shareholders
• Business Plan
• Memorandum of Association and Articles of Association
• Board’s Resolution
• Certificate of Incumbency
• Proposed Trade Names

Documentation may vary based on the business situation. You can seek assistance from our experts.

Company formation cost in DWTC

The primary cost of business setup in DWTC Free Zone ranges from AED 12,000 to AED 30,000. The fee is determined on the basis of factors like the license type, business activity, legal structure, and the visa requirement.

Dubiz offers various cost-effective packages that fit all kinds of budgets. Our experts can streamline the business setup process and make sure that your investment in the DWTC Free Zone is worthwhile and that you make the most of it.

Conclusion: Plan your business in DWTC

Thus, business setup in DWTC is a beneficial option with full ownership, tax perks, top facilities, and strong global connections. So, if you want to be a part of a vibrant community of like-minded professionals, the DWTC free zone is your place to be.

How Dubiz can assist with DWTC company setup?

Dubiz helps entrepreneurs and investors set up their companies and commercial activities in the Dubai World Trade Centre Free Zone. Our experts offer a full range of services and assist clients with banking, compliance, and tax matters, making the setup process seamless and easy.

So, if you want to discuss your business needs, connect with our business setup experts.

📞 Call: +971 56 369 5485
💬 WhatsApp: +971563695485
📧 Email: info@dubiz.co 

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