Dubai World Central Free Zone (DWC) is one of the most prominent free zones in Dubai, providing an ideal environment for business and investment. This area is located in the heart of Dubai, close to Al Maktoum International Airport, making it a logistical and commercial focal point. Dubai World Central offers a variety of benefits to investors, including tax facilities, customs exemptions, and comprehensive support services. The Dubai World Central Free Zone focuses on attracting international companies and investors from various sectors, which strengthens its position as a major business center in the Dubai World Central Free Zone .
Free Zone in Dubai World Central
Free Zone in Dubai World Central
Dubai World Central Free Zone (DWC) is one of the most prominent free zones in Dubai, and is distinguished by a number of characteristics that make it an attractive destination for investors and companies. Here is the most important information about it:
Location and environment
- Location : Located in the heart of Dubai, near Al Maktoum International Airport, providing easy access to the global transportation network.
- Environment : It is characterized by many modern facilities and advanced infrastructure, which contributes to creating an ideal business environment.
Activities and licenses
- Diverse Activities : The DWC Free Zone offers a variety of economic and commercial activities, including industry, trade, logistics, and services.
- Licenses : The region provides multiple licenses based on the type of activity, including commercial, industrial, and logistics licenses.
Features and benefits
- Tax exemptions : The region provides tax exemptions, including exemption from corporate tax and value-added tax.
- Customs exemptions : Providing customs exemptions on imports and exports of companies.
- Foreign ownership : Foreigners are allowed to own 100% of company shares without the need for a local partner.
- Infrastructure : The region offers modern infrastructure that includes offices, warehouses, and logistical facilities.
Facilities
- Investment : Facilities are provided to investors, including multiple options for offices and warehouses.
- Services : Provides integrated support services for companies, such as legal, accounting, and administrative services.
Steps to establish a company
- Choose the type of activity : Select the business activity you wish to engage in.
- Choosing a Business Name : Choose a business name that is consistent with regulations.
- Submit an application for a license : Submit your application for the appropriate license.
- Rent an office or work space : Rent a space in the free zone.
- Open a bank account : Open a company bank account.
- Completing the legal procedures : Carry out the necessary registration and licensing procedures.
Dubai World Central is a strategic platform for companies looking for new business opportunities and international expansion.
Steps to establish a company in the free zone in Dubai World Central
Establishing a company in the Dubai World Central Free Zone requires following a set of basic steps. Here are the general steps you can follow:
- Determine the commercial activity : Determine the type of commercial activity you wish to practice, as the nature of the activity affects the type of licenses required.
- Choose a company type : Select the type of legal entity that best suits your business, such as a limited liability company (LLC) or a branch of a foreign company.
- Choosing a company name : Choose a business name that is consistent with local laws and reflects the nature of your activity. Make sure the name is not already in use.
- Apply for a license : Apply for the appropriate license from the Dubai World Central Free Zone Authority. It may be necessary to submit specific documents such as passport and partner information.
- Choose an office or work space : Select a location for your office or work space within the free zone. The area offers a range of options to suit the needs of businesses.
- Opening a bank account : Open a bank account for the company in one of the approved banks. You may need to provide additional documents such as business licenses and certificates.
- Completing the legal procedures : You may need to register the company in other local government departments depending on the requirements of the business activity.
- Receiving the license : After fulfilling all requirements and submitting documents, you will receive your business license, which allows you to start commercial operations in the free zone.
- Registration with the relevant authorities : Register your company with the relevant authorities such as the Department of Economic Development, if the activity requires this. Once you complete these steps, you will be ready to start working in Dubai World Central Free Zone and benefit from the benefits it offers.
Types of companies in Dubai
Here is a table outlining the types of companies in Dubai , providing some basic details for each type:
| Company type | Description | Main requirements |
|---|---|---|
| Limited Liability Company (LLC) | A private company in which the partners are held responsible within the limits of their shares. | A minimum number of partners, a legal advisor, and a contract of association. |
| Public joint stock company | A company whose shares can be traded on a stock exchange and has limited liability to shareholders. | A large number of shareholders, large capital, and compliance with regulatory standards. |
| Private joint stock company | A limited liability company with restrictions on the transfer of shares, not listed on a stock exchange. | Limited number of shareholders, specific capital. |
| Branch of a foreign company | A branch of a foreign company wishing to expand in Dubai. | License from the local authority, documentation from the parent company, local office. |
| Limited liability company in the free zone | A company registered in a free zone, providing commercial and financial facilities. | Free zone requirements, office in the free zone, activity registration. |
| Sole Proprietorship | A company owned by one individual who is responsible for all legal and financial aspects. | Registering in the individual’s name, submitting personal documents, commercial office. |
| Partnership company | A business owned by two or more partners, with liabilities and profits divided by partnership. | Partnership agreement, legal documents, commercial office. |
| Cooperative company | A company owned by members who pursue common interests, such as a cooperative. | Special conditions for cooperatives, activity registration, and commercial office. |
| Mixed company | A company that combines elements of different types of companies (such as a trading company with the characteristics of a holding company). | Determine the type of hybrid company, register the activity, and comply with regulations. |
This table provides an overview of the different types of companies in Dubai, requirements and details can vary based on the type of company and the activities you wish to undertake.
Establishing a company in the free zone
Conditions for establishing a company in the free zone
Establishing a company in the Dubai World Central Free Zone requires meeting a number of basic conditions. The following are the most prominent of these conditions:
- Type of business activity : You must specify the business activity you wish to practice, as it must be in line with the activities permitted in the free zone.
- Financial solvency : There may be certain financial requirements related to capital or financial guarantees, which vary depending on the type of company and its activity.
- Personal documents : Provide copies of the passports of the company’s founders and directors, in addition to their personal photos. Additional documents such as proof of residency may be required.
- Legal documents : Submitting documents related to the establishment of the company, such as the articles of incorporation, the company’s articles of association, and information about shareholders and managers.
- Choosing a company name : A trade name must be chosen that complies with the regulations in force in the free zone. Make sure that the suggested name is not used by other companies.
- Renting an office or work space : Companies are required to rent an office or work space within the free zone, which may be part of the requirements for obtaining a license.
- Approval for commercial activity : Initial approval for commercial activity must be obtained from the Free Zone Authority, in order to ensure its compliance with the zone’s policies.
- Preparing a business plan : You may be asked to submit a business plan that explains the nature of your activity, target market, and financial and operational plans.
- Opening a bank account : A bank account must be opened in the name of the company in one of the approved banks, which may require submitting company documents and the founders’ passports.
- Payment of fees : Payment of fees prescribed for establishing the company, which includes licensing fees, rent, and insurances.
Make sure to contact the Dubai World Central Free Zone Authority for precise details on the requirements and conditions for establishing a company.
In conclusion, Dubai World Central Free Zone is a distinguished model of innovation and development in business and investment. Thanks to its strategic location, advanced infrastructure, and attractive investment facilities, this region has become an attractive center for both international and local companies. Dubai World Central provides a dynamic environment that enhances companies’ competitiveness and contributes to achieving sustainable growth. Choosing to establish a business in this region is considered a strategic step that contributes to reaching new markets and expanding the scope of business thanks to the advantages and integrated services it offers.
Frequently asked questions about the free zone in Dubai World Central
What activities are allowed in the Dubai World Central Free Zone?
Dubai World Central Free Zone enables a wide range of economic activities, including trade, industry, logistics, services, and other commercial activities. It is recommended to check the updated list of permitted activities to ensure the required activity is compatible.
Can foreigners fully own companies in DWC?
Yes, foreigners can own 100% of the shares of companies in the Dubai World Central Free Zone without the need for a local partner.
What tax benefits are available in Dubai World Central Free Zone?
The free zone provides comprehensive tax exemptions, including exemption from corporate tax and value-added tax. It also provides customs exemptions on imports and exports.
What are the documents required to establish a company in the Dubai World Central Free Zone?
Required documents usually include passports of founders and directors, personal photographs, company articles of association, articles of association, and capital information. Requirements may vary based on company type and activity.
