Company Formation In DWTC Free Zone

1. Company Formation In DWTC Free Zone The Dubai World Trade Centre Free Zone is an iconic free zone that spans central locations within the iconic Dubai World Trade Centre and the adjoining One Central. The DWTC Authority Free Zone offers an enhanced incentives for businesses to establish their permanent representation within the free zones. The DWTC Authority deploys and manages ​internationally-benchmarked legislative policies and operational procedures in collaboration with government authorities. Currently operating in ​proximity to one of the world’s largest and most dynamic event venues and a well-established nexus point for global businesses and decision makers to meet, collaborate and engage, the Free Zone is ​well connected via the Dubai Metro and road network and just 15 minutes from Dubai International Airport. Why do foreign businesses choose ​DWTC Freezone Business Setup​? Here are some of the perks they look forward to from here. Connectivity DWTC is situated in the heart of Dubai, next to the Dubai World Trade Centre. It is adjacent to the exhibition hub of the Middle East, where all high-profile exhibitions, seminars and events are conducted. The DWTC Free Zone is also a stone's throw away from Emirates Towers. It is connected to Sheikh Zayed Road​, which can be accessed from the Trade Centre Roundabout. DWTC also has its own ​Dubai Metro​ station. Free zone perks You will enjoy setting up your business in an area that offers you all the benefits of a free zone – complete foreign ownership, 100% repatriation of capital and profits, and a single-window clearance. Business setup in DWTC Free Zone Company formation in DWTC FreeZone is simple and straightforward - in just a few days, you can create your business and start operating. You just need to decide on the type of business you plan on setting up - whether it is a free zone company, a free zone establishment, or a branch of an existing company - and provide the requisite documentation, which differs depending on the business type you chose.

2. Advantages of company formation in DWTC Free Zone ● 100% foreign ownership ● 0% corporate tax for 50 years ● 0% personal income tax ● 100% repatriation of capital and profits ● 0% import or re-export duties ● No currency restrictions ● No restrictions on foreign talent or employees In addition to this, company formation in the DWTC Free Zone can derive benefits from the ​extensive network of double-tax avoidance treaties that the United Arab Emirates has signed with countries worldwide, including countries such as India, Pakistan, Singapore, China, Malaysia, Canada, Germany, Italy, Austria and Holland. Dubai offers the additional benefits of a ​very high standard of living and a vibrant expatriate community​ with people from over 180 nations living and working in the region. Licenses Obtaining a valid license is mandatory for business setup in DWTC Free Zone. DWTC offers a wide range of business activities which are categorized into the following types of licenses: Commercial License​: Carrying out commercial activities limited to those specified in the license, which allow the import, export, sale, distribution and storage of items permissible within the license. General Trading License​: Carrying out commercial activities across an unrestricted range of activities, products and/or items using this license, and as such licenses the holder to import, export, sell, distribute and/or store all such categories. Professional License​: Carrying 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). Service – Advisory, general consulting, software implementation, training, onsite repair, catering and human resource services. Event management License​: 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.

3. Business Operating Permits: ​One of DWTC Authority’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 that want to obtain a lease and operate in the Free Zone. COSTS SPECIAL PACKAGES DWTC Free Zone offers attractive packages for startup companies. Here are the top three packages: Commercial/ Professional/ Event Management With Dedicated Desk – AED 28,300 (US$ 7,700) Commercial/ Professional/ Event Management With Exclusive Office – AED 51,300 (US$ 13,980) General Trading License With Exclusive Office – AED 52,500 (US$ 14,300) The above packages include license and registration fees, and annual smart-desk/office fees. The company would be entitled to 2 visas. BESPOKE LICENSES The following license fees are applicable, per annum: Professional or Commercial License ● Registration and License Fee (year 1): AED 17,500 ● License Renewal (Year 2) = AED 12,500 ● License Renewal (year 3): AED 18,750 General Trading License ● Registration and License Fee (year 1): AED 20,000 ● License Renewal (year 2): AED 15,000 ● License Renewal (year 3): AED 22,500 You can also take ​offices in the DWTC, including the newly constructed One Central. The company would be eligible for 1 visa for every 8 square metres of office space.

4. VISAS The company will have to apply for an Establishment Card, in order to commence the processing of visas. An additional document required is a Power of Attorney, in case a PRO is appointed. Establishment Card – AED 2,300 (US$ 625) Power of Attorney – AED 1,500 (US$ 410) The next step will be applying for the visas. Here are the approximate costs: Employment Visa ​– applicant​ outside ​the country​ – AED 1,500 (US$ 410) Employment Visa ​– applicant​ inside​ the country, with​ status change – AED 2,720 (US$ 740) Medical Test, Emirates ID – AED 1,240 (US$ 338)