DWTC – Dubai World Trade Centre Free Zone
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About Dubai World Trade Centre (DWTC) Free Zone
Under the jurisdiction of the DWTC Authority, DWTC Free Zone spans locations within Dubai World Trade Centre itself, along with the adjoining One Central.
The free zone is incredibly well-connected, via the Dubai Metro and road network. It is within 15 minutes of the Dubai International Airport and just around the corner from Dubai International Financial Centre (DIFC).
Prices starting from AED 35,000
Average business setup time: 3 weeks
Benefits of setting up a company in: DWTC – Dubai World Trade Centre Free Zone
100% BUSINESS OWNERSHIP AND CAPITAL REPATRIATION
As an expatriate, you can own 100% of the company and remit all profits to your home country.
BUSINESS OPERATING PERMITS
DWTC allows existing onshore registered businesses to relocate or be established within the free zone.
DWTC is located within the same territory of the biggest exhibitions in Dubai.
DWTC provides support for government services, company registration, and visa assistance.
DWTC is the ideal location for entrepreneurs to meet, collaborate and engage.
DWTC – Dubai World Trade Centre Free Zone welcomes a range of financial and professional business activities. Here are some of the most popular options:
All Trading Activities
Education and Training
Tourism and Hospitality
Various Consultancy Activities
Accounting and Bookkeeping
Physical Presence Requirement
You do not have to be physically present to complete the setup process of your company.
DWTC Free Zone Company Formation: What You Need to Know
Do you have a business venture that you would like to expand into the UAE? Maybe you want to establish a brand new start-up in Dubai? If so, the Dubai World Trade Centre (DWTC) Free Zone may be just what you are looking for.
DWTC Free Zone is a top international business expansion and incorporation destination, located in the heart of Dubai.
In this guide, we will tell you all you need to know about company formation in this business district.
What Is A Free Zone?
A free zone is a designated area in which foreign businesses can operate without the same restrictions that are placed on businesses located on the mainland.
The purpose of a free zone is to provide overseas brands with the opportunity to expand into Dubai. Then, they can begin trading their products or services in this lucrative market.
DWTC has been designed specifically for international companies looking to establish a presence in Dubai They can save money and operate within DWTC’s free zone regulatory framework.
What Is The DWTC Free Zone?
A dedicated business district located within the Dubai World Trade Centre, DWTC is home to thousands of companies.
The nearest airport is Dubai International Airport, which is only a few minutes away.
DWTC Free Zone operates with both a mainland and free zone license. This enables you to take advantage of its proximity to the Dubai Financial District, Dubai International Airport, and many more key localities.
The Benefits of DWTC Free Zone
The DWTC Free Zone offers 100% foreign ownership, making it an ideal destination for business expansion. There are several benefits to setting up your business in DWTC Free Zone, including:
- 100% foreign ownership and control
- No corporate or personal income taxes on profits generated from within the zone
- 0% import and export duties on goods traded within the zone
- Flexible licensing options for businesses of all sizes
Setting up your business in DWTC is simple with Virtuzone.
DWTC Free Zone Company Formation
If you are looking to set up a company in DWTC Free Zone, there are several license options available to you. The most popular option is the general trading license. It allows businesses to engage in a broad range of trade activities.
Trade activities could include importing and exporting goods, providing professional services, or manufacturing products.
The general trading license is ideal for businesses that are looking to establish a presence in Dubai and start trading immediately.
Representative Office Licenses
DWTC also offers a special license for companies that want to set up a representative office in Dubai. This type of license allows you to conduct market research and meet with local partners.
However, its representative office license will not allow you to trade your products or services in Dubai.
There are also specific licenses available for companies that wish to conduct business in particular industries or sectors, such as IT consultancy, shipping, audio-visual production, and more.
How Is DWTC Free Zone Different from Other Free Zones?
Several benefits make DWTC stand out from the crowd. Firstly, it has a mainland license. This allows businesses to trade in both the free zone and the mainland. It also offers a wide range of licenses to choose from, making it suitable for businesses of all sizes.
In addition, DWTC is located in the heart of Dubai and close to key amenities and transport links.
DWTC Yearly Fees
The yearly fees for DWTC Free Zone company formation are potentially going to change and could be tied to your business scale.
However, prices start at AED 35,000. Although there are tax payments, there are yearly paperwork filing tasks to do and there are some other payments that businesses can incur. It’s essential not to skip payments for these additional fees because this can lead to fines.
Don’t Skip Paying Your Yearly Business Fees
Payments that remain unpaid can also add up over time and cause your business some serious problems later. To ensure that you don’t fall foul of requirements, we strongly recommend you hire professionals like us.
A few additional, yearly business fees for formed companies include:
- AED 500 for Chamber of Commerce Membership
- AED 1500 for Economic Department License Fee
- Any fees for filing yearly financials
- Any fees for ensuring regulatory compliance
- Any fees for the renewal of visas and medical insurance
- Any fees for maintenance of offices, e.g., office rental agreements/mail forwarding
If you would like to know more about DWTC Free Zone company formation, please do not hesitate to contact us at Virtuzone. We will be happy to guide you through the process!
DWTC Free Zone Company Formation Options
There are various DWTC Free Zone company formation options available to entrepreneurs looking to start a business here. The most popular types of companies include:
Free Zone Establishment (FZE)
A single person can get a:
- General Trading Licence
- Service License
- Professional License
Other licence types are available for a minimum of two partners:
- Limited Liability Company (LLC)
- Public Limited Company (PLC)
- Joint Stock Company (JSC)
You can also establish a branch or subsidiary company in DWTC Free Zone.
For a full list of DWTC Free Zone company formation options, please explore our website. Even better, get in touch and we can guide you through the options for your specific circumstances.
DWTC Free Zone Business Expansion
If you’re expanding your business into DWTC Free Zone, we can help you every step of the way. Our team of experts will assist with all paperwork and requirements so that your expansion goes smoothly.
We can also help you set up a branch or representative office in DWTC Free Zone. To do so, we’ll offer advice on the best ways to get started in this exciting market. Then, we’ll guide you in your journey to success.
Other Dubai Free Zone Options
There is a lot of other Dubai Free Zones to choose from if DWTC doesn’t quite fit your needs. Some of the most popular options include:
- Jebel Ali Free Zone (JAFZA)
- Dubai Silicon Oasis Authority (DSA)
- Dubai Airport Free Zone Authority (DAFZA)
- Dubai Media City Free Zone (DMC)
- Dubai Internet City Free Zone (DIC)
- Dubai Multi Commodities Centre (DMCC)
There are more than 31 Dubai Free Zones, each with its unique benefits and regulations.
Why Choose DWTC?
DWTC is in a class of its own. It offers international companies the perfect combination of benefits and features that facilitate growth, performance and success.
It is also home to some of the world’s most successful companies, making it an ideal choice for those looking to expand their business ventures. If you’re looking for a Free Zone in Dubai that has it all, it should be your top choice!
Living In The DWTC Free Zone
The DWTC Free Zone is a great place to live and work. It offers an excellent quality of life, with access to all the amenities you need. Let’s take a look at some of the lifestyle perks that come with a move here.
Dining options include a variety of international restaurants, cafes, and bars. For a high-end meal, head to the Conrad Dubai hotel. It offers a range of exquisite restaurants including Greek, Italian and international cuisine.
The DWTC Free Zone is home to some of Dubai’s best shopping malls. The Dubai Mall is one of the largest malls in the world and features over 1,200 retail stores, including luxury brands like Balenciaga, Chanel, Louis Vuitton and Versace.
The DWTC Free Zone is also home to many residential buildings that cater to both expatriates and locals. Luxury apartments and villas are available for rent, and many come with excellent facilities like gyms, swimming pools, and children’s play areas.
To make sure everyone feels at home, real estate architects have designed some homes in the local style, others in a super modern style and even some that resemble American houses.
Popular buildings include DWTC Residence and DWTC Residential Complex.
The DWTC Free Zone is home to a lot of top-quality hospitals and clinics that offer excellent healthcare services. Some of the best hospitals in the area include Emirates Hospital, MAG Clinic and OCP Medical Center.
Expats to Dubai do need to get health insurance and medical checks before settling in DTWC. These are other expenses that overseas business owners should keep in mind.
The DWTC Free Zone is well-connected to other parts of Dubai, making it easy for residents to get around by public transport or car. The DWTC Metro station connects the DWTC Free Zone with Downtown Dubai, Burj Khalifa Tower and Dubai Mall.
The DWTC Free Zone is home to some of Dubai’s best leisure facilities. These include a range of top-class gyms, swimming pools, and sports clubs.
Some of the best sports clubs in DWTC include DWTC Cricket Club, DWTC Rugby Football Union, and DWTC Golf Club.
Dubai has become well-known for its excellent nightlife scene. The DWTC Free Zone is home to a lot of bars, pubs, and nightclubs that offer a great range of entertainment options.
The DWTC Free Zone is also home to some of Dubai’s best attractions including the DWTC Amphitheatre, DWTC Aquarium & Underwater Zoo, and DWTC Water Park.
Leisure and Culture
There is a wide range of recreational activities available in DWTC, including sports clubs, fitness centres, and golf courses. High-quality entertainment options are also available, including cinemas such as Reel Cinemas and VOX.
There are also nearby theatres such as the Dubai Opera House. There’s no shortage of cultural and creative experiences on offer.
Conferences and Events
The DWTC Free Zone is home to a lot of conferences and events, including the Dubai International Boat Show.
DWTC also hosts many other events such as GITEX. It’s an annual technology event that attracts attendees from all over the world. If you plan to host events, DWTC is a great place to establish your company or expand it.
Exhibition centres such as the Dubai World Trade Centre (DWTC) are ideal. It’s one of the most popular venues for conferences and exhibitions in DWTC Free Zone. It plays host to business events and also concerts and cultural events.
Some other great options include The Dome at DWTC or Madinat Arena.
Virtuzone Can Help You Set Up A Company In Dubai
Dubai World Trade Centre (DWTC) Free Zone company formation is a great way to expand your business venture into this exciting market. Our team of experts will assist with all paperwork and requirements so that your expansion goes smoothly.
Are you considering DWTC Free Zone company formation?
Contact us today to get DWTC Free Zone company expansion started!
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