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The Dubai World Trade Center Authority is the melting pot of a variety of businesses, with investors and entrepreneurs all around the world. Companies have found the DWTC Authority to be the hub for their global operations. With easy registration, great infrastructure, tax benefits, and a lot more factors facilitating the growth of businesses, the DWTC is the most favorable place to start and operate a business.
Here are some of the benefits of setting up your business in the DWTC and how it could help your business:- 0% tax and company tax for 50 years
- No export taxes
- 100% foreign ownership
- 100% repatriation of capital
- Choose from multiple options of legal operating structures
- Stable regulations
- Hire foreign employees easily
- No restrictions on currency and repatriation funds
- Simple and quick incorporation process
Company setup process
Company setup process
Documents required to set up business in DWTC Free Zone
- DWTCA application form
- Business plan or brief project summary
- Passport copies of the shareholders, directors, and general manager
- Emirates ID copies of the shareholders, directors, and head (only for UAE residents)
- Shareholders’ profile (for individual shareholders)
- Board resolution calling for the establishment of the entity
- Letter from the bank confirming deposit of share capital
- Other routine documentation viz. application forms, specimen signatures, etc.
- A notarized power of attorney (attested by the acceptable authority)
- Certified true copy for a certificate of incorporation of parent/certificate of registration (attested by the acceptable authority)
- Board/shareholder resolution for establishing FZE in DWTCA and appointing a manager (attested by the acceptable authority)
- Memorandum of Association (MOA) of the parent company (attested by the acceptable authority), just in case of a branch office
- Good standing certificate
- Copy of license of the parent company
Types of companies allowed in DWTC Free Zone:
- Free Zone Establishment (FZE)
- Free Zone Company (FZCO)
- A Branch of an L.L.C. (covers all Limited Liability Companies in the UAE)
- A Branch of a Foreign Company
Types of license for business:
- Commercial license
- General trading license
- Professional License
- Event Management license
- Business operating permits
The DWTC Authority also provides some of the services to ease the process of business incorporation. They offer:
- Registration services
- Licensing services
- Immigration services
- Event Management license
- General and administrative services
Highlights
Apart from all the benefits mentioned, there are some other key highlights that make the DWTC a favorable place.
- The DWTC is a thriving business hub preferred by multinational companies
- The tax benefits, ease of registration, and freedom to do flexible business make it a very favorable choice
- Low running costs ensure a higher profit margin
- Great availability of skilled and unskilled workers
UAE Free Zone
