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

DWC

Dubai World Central Company SetupThe spirit of entrepreneurship and visionary foresight has been the hallmark of Dubai's meteoric rise as a preeminent global destination. From the creation of Port Rashid to the Dubai Metro, the emirate has a tradition of investing in its future and developing the infrastructure necessary to spark future growth and further diversification of its economy. Dubai World Central is a continuation of this legacy. The strategic underpinning of the master-planned development is based on three key factors: Dubai's geographic location, the increasing importance of airports and the regions booming aviation sector.

Dubai is a vital connection point between East and West. Facilitating the global flow of goods, services and ideas, Dubai's foreign trade amounted to USD 190 billion in 2011. Furthermore, its location positions it as gateway to the emerging MENASA (Middle East, North Africa and South Asia) markets, which have a cumulative GDP of USD 3.6 trillion (2009) and an estimated one-quarter of the world's population.

Dubai World Central further cements Dubai's leading position as a logistics and trade hub, by taking 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.

Location: Dubai World Central, Dubai, (U.A.E.)
Permitted activity: Trading/ Service/ Logistics/Industrial and Educational activity
License available: Trading, Commercial and Industrial license
Types of entities: Free Zone Limited Liability (FZ-LLC), Branch, Subsidiary & JV
Shareholder: Can be individuals or corporate entity
Director: Individuals only
Share capital: Minimum of AED 300,000/-, whereas AED Nil/ in branch office
Audit: Audit report is not required to be submitted to the authorities
Estimated time: Minimum of 4 -5 working weeks to obtain final trade license
Key benefits:
  • Ownership, Taxation, Repatriation Advantage.
  • 100% foreign ownership.
  • 100% repatriation of capital and profits.
  • No personal income tax.
  • No corporate tax.
  • Facilities to select wide range of leasing options starting from executive desks onwards to a larger space
Renewal: License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.

Starting from AED 29,900/- onwards (inclusive of license, registration and rent against flexi desk) whereas renewal charges for the same amounts to AED 26,900/- from next year onwards, however please note that the above mentioned charges can vary depending upon the number of licenses applied under one company and also depends upon the leasing/office facility acquired.

GBS provides you consultancy and helps you with company incorporation services at DWC 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.