Company Formation in DWC FZ – Dubai World Central Free Zone

Company Formation in DWC FZ – Dubai World Central Free Zone
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Dubai is a vital connection point between East and West. DWC further cements Dubai’s leading position as a logistics and trade hub. It takes advantage of Jebel Ali Port (the largest container port between Singapore and Rotterdam) and seamlessly connects it to Al Maktoum International Airport through the dedicated Dubai Logistics Corridor. This forms a single custom-bonded zone, reducing time on the ground and accelerating the flow of sea-to-air/air-to-sea cargo. With direct access to the major trans-emirate road networks, DWC is a true multimodal logistics platform providing unprecedented levels of connectivity, speed and efficiency.

In the recent years, the Middle East has emerged as the center of the global aviation industry. With powerful players such as Emirates, Etihad Airways and Qatar Airways breaking records and bucking industry trends with remarkable growth and ambitious expansion plans, the region is a key market for companies throughout the entire aviation supply chain. A dedicated aviation district has been designed with both landside and airside access to the Al Maktoum International Airport to capitalize on the opportunities. DWC is committed to creating a viable aviation industry cluster and encouraging the development of FBO’s, MRO’s, Manufacturers, education institutions, consulting and other aviation-related businesses to service and meet the growing demands of the region.

Today’s businesses demand increasingly faster speeds of delivery and greater levels of connectivity. This is driving up demand for air transportation to the point that 35% of world trade by value now depends on it – a percentage that is sure to increase over time. Today, an airport is an economic catalyst and has expanded beyond traditional boundaries to encompass a larger urban development centered on it, forming an aerotropolis. Embracing the aerotropolis model, DWC is the result of a carefully designed, forward-looking master plan that sets the framework for Dubai’s economic future.

Major Benefits of Company Formation in DWC FZ (Dubai World Central Free Zone):

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • No currency restrictions
  • Direct access to Al Maktoum International Airport
  • Flexible office solutions
  • No visa deposit required
Characteristics of DWC FZ Company Setup:

Location:

Dubai World Central(DWC) Free Zone, Dubai, (U.A.E.)

Proposed activity:

Manufacturing/Trading/Service/Logistic/Aviation/Education activities can be carried out in DWC FZ.

License available:

Industrial/Commercial trading/General trading, Aviation, Logistics & Service license are available options for DWC FZ – Dubai World Central Free Zone.

Type of entities:

DWC – LLC (Limited Liabilities Company) and Branch

Shareholder:

Shareholder for Dubai World Central (DWC) Company can be Individuals or Corporate entity (maximum 6)

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:
AED 300,000/- (300 shares of AED 1,000/- each) for DWC – LLC Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:

Audit report is required to be filed with DWC FZ.

Estimated time:

3 to 4 weeks to obtain trade license of the company and register a company in DWC FZ (Dubai World Central Free Zone)

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

DWC FZ (Dubai World Central Free Zone) Company Setup Process:

  • Identify the legal form of company to be registered in DWC FZ
  • Select activity from DWC FZ activity list,
  • Apply for name and initial approval,
  • Payment of fees related to DWC FZ business set up,
  • Sign DWC FZ company registration and incorporation documents,
  • Apply for DWC FZ residence visa.

Documents Required for DWC FZ Company Registration:

The documents required for business set up in DWC FZ (Dubai World Central Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Utility bill copy,
  • CV/Resume,
  • NOC from current sponsor

To know more about the complete requirements for company formation in Dubai World Central Free Zone (DWC FZ) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in DWC FZ:

DWC FZ Company Setup begins from AED 31,180/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DWC FZ.

Other Notes for DWC FZ – Dubai World Central Free Zone Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every year
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DWC FZ. Our company acts as a one stop solution for DWC FZ company incorporation services.

If you are looking for DWC FZ company setup, please get in touch with us for professional assistance

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DWC FZ (Dubai World Central Free Zone).

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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