Formerly known as the Dubai World Central, Dubai South is a project that aims to sustain a population of a million. But more than that, this free zone made headlines for being the place to hold the World Expo 2020. Dubai South is an ambitious aim economic platform designed to support every type of business and industry thus creating more than 500,000 job opportunities in the country. It is recognized as one of the most exceptional and groundbreaking projects in Dubai and its size is reported to be twice that of Hong Kong Island.
Dubai South supports business activities including logistics, aviation, commercial, exhibition, humanitarian, residential and other related businesses. Dubai South is just a couple minutes’ drive from the Jebel Ali port (one of the busiest and well-known ports in the world). The Al Maktoum International Airport, which is the largest airport in the world, is also close by.
Dubai South is also a gateway to the markets of the MENA region as well as South Asia. It’s safe to say that this free zone is the most-sought after free zones by investors and entrepreneurs alike to set up their businesses.
Set Up a Business in Dubai World Central Freezone
Benefits of a business set up in Dubai World Central Freezone
100% foreign ownership
No corporate or income taxes
Complete control of funds and its transfers
No import export taxes
A wide range of business activities unlike elsewhere
Easy business set up with minimum documentation
Affordable and flexible commercial lease terms
Business activities you can perform in Dubai World Central Freezone
Agriculture
Classification Services
Construction & Contracting
Financial Intermediation
Health & Social Work
Manufacturing, Mining & Quarrying
Real State & Renting
Social & Personal Services
Trading & Services
Transport, Storage & Communication
Documents Required for Setting up a Business in DWTC Freezone
DWTC Application form
Business strategy AND PROJECT RESUME
Passport copies of all business holders, directors, and general Manager
Emigrates ID copies of the shareholders, directors, and managers
Shareholder’s complete Bio-Data
Board resolution calling for the establishment
Letter from the confirming deposit of share capital
Signature of applicant and application form
A notarized power of attorney (attested by the relevant authority)
Certificate of registration, certificate of incorporation (All certificates must be attested by concerned authority)
Shareholder s’ resolution for setting up FZE in DWTCA and hiring a manager (Attested by the authority)
Memorandum of Association (MOA) of the company (attested by concerned authority) in the form of a branch office
Good standing certificate if applicable
Copy of license of company, if applicable
Types of Licenses in Dubai World Central Freezone
Holders can perform manufacturing activities
Holders can perform transportation activities
This license allows the import, export, distribution, storage, or sale of permitted products in the UAE market
Can trade any type of permitted goods outside the UAE
This license allows to conduct services specified by the authorities within the free zone
This license allows educational and social services, training and consulting services
Types of company formation in Dubai World Central Freezone
Limited Liability Company
Branch company
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