5 Frequently Asked Questions About Your DWTC Company Setup
Are you planning a Dubai World Trade Centre Business Setup? Our experienced Business Link UAE team answers the 5 most frequently asked questions about a DWTC company formation for you.
Dubai World Trade Centre (DWTC) provides a unique and highly desirable proposition for your company formation in UAE. A Dubai World Trade Centre company setup can be the ideal option for businesses looking for an effective, competitive and well-regulated business ecosystem. A DWTC company setup can support you to compete even more effectively.
1. What are Your Advantages of a Dubai World Trade Centre Business Setup?
Dubai World Trade Centre Free Zone does not only provide you with a prime location, it also offers a strong regulatory framework and leasing prepositions. With a company setup in DWTC Free Zone, you can profit from an advantageous regulatory environment and operational procedures in collaboration with government authorities.
Further Benefits of your DWTC Free Zone Company Setup are:
- 100 % Foreign ownership
- 100% Repatriation of capital
- 0% Income tax
- 0% Corporate tax
- No restriction on currency and repatriation of funds
- No restriction on hiring foreign employees
- One-stop–shop providing company registration, licensing and visa services
2. What are Your License Options with DWTC Free Zone?
DWTC Free Zone provides you with a highly competitive company formation in UAE. A company set up in DWTC Free Zone can operate under one of the following licenses:
With a commercial license in Dubai you can carry out commercial activities, allowing the import, export, sale, distribution and storage of items permissible within the license.
General Trading License:
By using a general trading license you can carry out commercial activities across an unrestricted range of activities, products and items. This license also allows you to import, export, sell, distribute and store items.
This license allows you to carry 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 License:
An event management license permits the organizing of meetings, incentives, conferences and exhibitions (MICE) as well as any business and leisure events and the provision of all related goods and services being hosted by an organizer.
Business Operating Permits:
One of DWTC Free Zone’s unique selling points is the option for locally licensed onshore entities to either relocate or be established in the Free Zone. This is achieved though the issuing of a business operating permit to entities already licensed by the Dubai Department of Economic Development (Dubai DED) that want to obtain a lease and operate in the Free Zone.
3. What Kind of Legal Entity can You Choose for Your DWTC Company Setup?
Dubai World Trade Centre is a public corporation that enjoys financial autonomy and administrative independence. Their strong regulatory framework mentions several company types that can be formed at DWTC Free Zone:
Free Zone Establishment (FZE):
A FZE is a free zone entity with one shareholder.
Free Zone Company (FZCO):
Multiple shareholders can hold shares in a FZCO.
Branch of LLC:
This is a branch of a company registered in the UAE mainland.
A Branch of a Foreign Company:
This a branch of a foreign company registered outside the UAE.
4. What Leasing Options does DWTC Free Zone Provide for You?
Dubai World Trade Centre is currently home to over 100 commercial tenants, including leading international companies such as Shell, General Motors and Halliburton. DWTC Free Zone offers the following leasing options for your company formation in UAE:
- Hot desk (Sheikh Rashid Tower)
- Executive office (Sheikh Rashid Tower)
- Standard and flexible offices/shell & core offices in One Central
- Various serviced business centre’s located at One Central
5. Why Should You Consider a Dubai World Trade Centre Company Setup?
Located in the heart of Dubai, DWTC delivers a flexible business environment in one of the world’s most dynamic and cosmopolitan cities. DWTC Free Zone provides facilities within the iconic Dubai World Trade Centre and the One Central, as well as very soon in the upcoming new Dubai Trade Centre Jebel Ali, adjacent to Al Maktoum International Airport. Formed in one of these prime locations, your company setup in DWTC Free Zone offers you a strong springboard to enter local, regional and international markets.
Dubai World Trade Centre Free Zone operates close to one of the world’s largest and most dynamic event venues and is a well-established meeting point for global businesses and decision makers. Additionally, DWTC Free Zone is well connected via Dubai Metro and you can reach your DWTC business setup from Dubai International Airport in 15 minutes only.
Do you have any open questions? Our experienced Business Link UAE team is assisting you to start business in Dubai Free Zones like World Trade Centre Free Zone and many more.