Dubai World Trade Centre Free Zone
Company Formation in Dubai World Trade Centre : Dubai World Trade Centre Authority (DWTC Authority) provides a unique and highly desirable proposition for businesses to compete even more effectively regionally and globally.
The Dubai World Trade Centre Authority (DWTC Authority) was established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, and Prime Minister, Ruler of Dubai. It offers a unique and highly desirable proposition for businesses. It provides an effective, competitive, and well-regulated business ecosystem. This allows companies to compete more effectively both regionally and globally.
A public corporation enjoys corporate body status. It has financial and administrative autonomy. It also possesses full legal capacity. These factors enable it to carry out its duties and activities effectively. This fosters a more flexible and business-conducive environment. This is particularly advantageous in the heart of one of the world’s most dynamic and cosmopolitan cities.
The Free Zone operates under the jurisdiction of the DWTC Authority. It spans locations within the iconic Dubai World Trade Centre and the adjoining One Central. Additionally, it includes the upcoming new Dubai TradeCentre Jebel Ali. This is adjacent to Al Maktoum International Airport in Dubai South, slated to come online soon.
Leasing and licensing opportunities are now available across the Dubai World Trade Centre and One Central. The Free Zone offers a strong incentive for multinationals. It encourages them to use Dubai as a springboard to enter local and regional markets. Additionally, it incentivizes global associations to establish a permanent regional base in the free zone. This allows organizers to deliver a much more streamlined event participation and logistical experience. It also increases their attractiveness.
The Free Zone will offer a highly competitive, single-point of contact operation for corporations, affording them a unique and flexible offering to operate seamlessly.
The Free Zone will offer a highly competitive setup. Additionally, it will provide a single-point of contact operation for corporations. This will afford them a unique and flexible offering. It enables them to operate seamlessly. They can choose to function as an onshore registered business. They can also opt for an independent free-zone license. Moreover, they can operate as a dual licensed entity from within the same zone. Various types of companies can be formed at DWTC Free Zone, namely:
- 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
Commercial Licence: Carrying out commercial activities limited to those specified in the license that allow the import, export, sale, distribution, and storage of items permissible within the license.
General Trading Licence: Conducting commercial activities across an unrestricted range of products is facilitated by this license. Additionally, it enables the holder to import, export, sell, distribute, and store all such categories. This comprehensive license allows for seamless operations within these specified parameters.
Professional Licence: Carrying out the services specified in the license within the free zone and elsewhere in the UAE (subject to local licenses and permits that may be required in other jurisdictions). These include services such as advisory, general consulting, software implementation, training, onsite repair, catering, and human resource services.
Event management Licence: An organizer hosts and provides all related goods and services for organizing meetings, incentives, conferences, and exhibitions (MICE), as well as any business and leisure events.
Business Operating Permits:The DWTC Authority offers a unique selling point by providing the option for locally licensed onshore entities to either relocate or establish themselves in the Free Zone. This occurs through the issuance of a Business Operating Permit to entities already licensed by the Dubai Department of Economic Development seeking to secure a lease and operate within the Free Zone.
