How to set up a company in Dubai World Central?

The United Arab Emirates has swiftly made a massive repute as the regional trade hub in the Middle East and more multinational companies are setting up their regional bases in different free zones across Dubai and other states to tap African, Asian, and European markets simultaneously. The strategic location of Dubai makes it the center-point of regional trade activities. One of the many free zones is the Dubai World Central (DWC) which is rapidly gaining popularity among the new businesses and companies that are entering the UAE’s world of trade and investment. For all the information about company formation in DWC Dubai, please follow the link or read on.

Some of the best advantages of setting up a company in the Dubai World Central Freezone is that it has a very simplified registration process for the new companies and it offers all the services at lower costs when compared with other free zones across the UAE. Moreover, it presents an amazing business-friendly environment which together with state-of-the-art infrastructure allows the companies to enjoy some of the best facilities and approach the regional markets in a rewarding manner.

Some of the highlights of registering your company in DWC are here as follows:

  1. 100 percent foreign ownership and the owner doesn’t have to search for a local partner at all.
  2. Absolute tax exemption for foreign companies and businesses.
  3. No maximum or minimum capital requirements.
  4. No Corporate Taxes.
  5. 100 percent profit and capital repatriation.
  6. You can set up your company in Dubai World Central in only 12 days.
  7. All-out transparency in the business registration processes.
  8. No compromise on the company’s confidentiality and information about the company’s directors are never disclosed to anyone.
  9. Along with the company registration, the owner gets Residency Visa for him as well as his family members.
  10. The registration at DWC allows your company to have a bank account with top services like e-banking and debit card issuance.

There are multiple types of licenses one may acquire at the Dubai World Central.

  1. Logistics License
  2. Trade License
  3. Industrial License
  4. Trading License
  5. Service License

 

  1. Logistics License

The companies with this type of license can set up logistics services including transportation, sorting, storage, forwarding, distribution, inventory management, and order management.

  1. Trade License

Under this license, a company can import or export and distribute a specified list of products.

  1. Industrial License

An industrial license allows a company to set up a manufacturing unit where it can carry out purifying, mixing, assembling, blending, packing or repacking of products. The company can use local labor force or the latest machinery to go about the business activities, but it has to ensure that the production unit doesn’t release anti-environment gases like smoke, heat, light, noise or other ways and means of pollution.

  1. Trading License:

Under this license category, a company can export, import, distribute, or store items which are listed by the authorities.

  1. Service License:

A consulting and training company can carry out its operations under this license within the DWC Free Zone but would need additional local licenses in certain jurisdictions if it wants to operate outside of the free zone.

If you’re looking to check out details of the company formation in DMCC in Dubai, you may follow the link to get educated about the process of company registration and its benefits.