Business Formation in Dubai World Central (DWC)
Built south of the city, close to the fast growing areas of “new Dubai”, DWC, now known as Dubai South Free Zone, lies at the heart of an entire airport city. The airport opened on June 27, 2010 for cargo operations followed by passenger flights in October 2013.
Once completed, this airport will be the world’s largest global gateway with capacity for more than 160 million passengers per year. It will also serve as a multi-modal logistics hub for 12 million tonnes of freight.
Dubai World Central (DWC) is Dubai’s airport of the future. DWC opened the doors to its 5-7 million capacity passenger terminal passengers on October 27, 2013, while cargo operations were launched much earlier on June 27, 2010. Upon completion, DWC will become the world’s largest airport with an ultimate capacity of more than 160 million passengers and 12 million tonnes of cargo per annum. The airport forms the heart of a greater project, a 140 km2 multiphase development of six clustered zones that includes the Dubai Logistics City (DLC), Commercial City, Residential City, Aviation City and the Golf City.
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Following industries you can setup in DWC
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
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Benefits of Business Setup in Dubai World Central (DWC)
Business setup is a known venture that is taken by business owners around the world. Investors who open a company in Dubai free zones are the ones who find the UAE to be a good investment for them.
Business setup in Dubai World Central happens because there is an increasing number of businessmen who have looking for the exact free zone that they’ve been looking for. In turn, it’s been a good support to the economy of the UAE
One of the benefits of Dubai World Central is the Dubai free zone company setup cost. Another Dubai free zone benefits that it offers are as follows:
- 100% ownership for expatriates
- No corporate income tax
- Businesses are allowed to repatriate capital
- Duty for imports and exports is minimal
- Faster company formation and trade licensing
- Low business setup cost
- Stable regulations and laws
- Low capital investment requirement
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Business Setup Requirements & Procedure
Basic legal documentation required for business setup in DWC include:
- A completed registration and licensing application form
- Valid passports copies of all shareholders
- Certificate of good standing or valid trade license
- Certified copies of memorandum and articles of association
- The procedure of processing the company setup would range from 2 to 4 weeks.
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Support Services Offered in DWC
FAR Consulting Middle East has a team of business consultants in Dubai, ready to guide and support businesses and investors aiming for DWC company formation. With 20+ years of industry experience, we have experts that can advise on the legal structure to setup. To complete the company registration process, our inhouse specialists help in the issuance of trade licenses for businesses, including Commercial License, Service License, Education License; and Industrial License.
We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:
- Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
- Representing the client in front of the authorities
- Assisting the client in bank account opening
- Assisting the client in account opening with the Ministry of Labour
- Assisting the client in account opening with the UAE immigration
- Assisting the client in leasing a premise as an address for the business
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Business Setup Cost in DWC
Dubai South is considered as one of the most cost- efficient free zones in Dubai that allows companies formation for various business activities. Farahat & Co has a proficient business consulting team that is experienced in setting up businesses in the Dubai South. The below fee table represents an estimation of the cost involved for business setup in the said free zone. Please do contact us for a detailed guide on business setup in Dubai.
Cost for Business setup in Dubai South (Formerly DWC)
Business Registration and Licensing Cost Fees Set-Up Fee (One-time Fee) AED 1,000.00 Booking Fee (One-time Fee) AED 1,000.00 Registration Fee – Local or Foreign Branch Set Up AED 10,000.00 Knowledge Fee & Innovation Fee AED 20.00 Setting up a branch office (Select one of the following) Commercial License Fee AED 10,000.00 Service License Fee AED 10,000.00 General Trading License Fee AED 25,000.00 Industrial License Fee AED 10,000.00 Education License Fee AED 10,000.00 Freelance Permit Fee AED 7,000.00 Setting up a branch office (Starting from) AED 10,000.00 Setting up a Branch of a Foreign Company (Starting from) AED 10,000.00 Additional Fees for Business Registration Establishment card issuance AED 2,060.00 Chamber of Commerce Fees AED 2,200.00 Visa Processing Cost Emirates ID application AED 370.00 Medical Test AED 880.00 Employment / Residence Visa (Select one of the following) Employment / Residence Visa – In Country AED 4,850.00 Employment / Residence Visa – Out of the Country AED 2,500.00 ATTENTION – NOTEAll fees for government and related authorities are an estimation only, as of on 19th September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.
Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.