Establishing a company in the Dubai Healthcare City Free Zone

Dubai Healthcare City is an economic free zone, established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai in 2002. The Dubai Healthcare City Authority is the body supervising the work of Dubai Healthcare City, and the free zone is subject to an independent regulatory body, the sector. Organizational.

 Over the past 16 years, the strong, flexible and responsive regulatory framework, thanks to the adoption of the best international practices and standards, has been able to attract the most prominent international names in healthcare and medical education, such as: Moorfields Eye Hospital from the United Kingdom, and Johnson & Johnson from the United States of America. In addition to Mediclinic Medina Hospital from South Africa, and Dr. Sulaiman Al Habib Hospital from Saudi Arabia, the leader in providing specialized medical services in the region. The thriving Dubai Healthcare City community also includes a network of commercial companies, providing diverse services from hospitality and consulting services to retail outlets.

 The Dubai Healthcare City community includes one of the emerging medical universities in the United Arab Emirates, the Mohammed bin Rashid University of Medicine and Health Sciences, which was opened in 2014, and is the only educational institution in the country that holds the prestigious accreditation of the American College of Surgeons.

 The free zone, which is strategically located in the heart of the Emirate of Dubai, is divided into two phases, the first, which covers an area of ​​4.1 million square feet in Oud Metha, will be allocated for healthcare and academic medical education, while the second phase, which will cover an area of ​​19 million square feet, will be allocated in the Al Jaddaf area. Dubai, – under development – for centers concerned with health well-being and quality of life care programs.

Number of companies: The number of companies registered and operating in the Dubai Healthcare City Free Zone is about 160 companies and facilities working in the field of health care, and most of these companies are branches of foreign companies or are owned by international foreign companies. It employs specialists from more than 90 countries, and one of the most famous institutions operating there is the Mohammed bin Rashid University of Medicine and Health Sciences

Legal forms of the company in the Dubai Healthcare City Free Zone

• One-Person Company : It is a company owned by one person and usually has limited liability and is symbolized by FZCo
• Personnel Company : It is owned by more than one person and is usually limited in liability and is symbolized by FZCo
• Sole proprietorship : It is owned by one natural person or one legal person and is symbolized by FZE
• A branch of a foreign company or institution

Establishing a company in the Dubai Healthcare City Free Zone

• One of the most prominent advantages is the objectivity of company registration costs and expenses
• Location privacy: Dubai Healthcare City is located in the heart of Dubai, about 20 minutes by car from Dubai International Airport
• Ease of recruitment and operation because it is located in the heart of Dubai
• It is connected to a transportation network and train lines
• No restrictions on hiring and employing foreigners
• There are no restrictions on paying salaries and wages to foreign workers and employees
• There are no restrictions on transferring funds to and from the company’s account
• There are no restrictions on transferring employees’ wages and salaries outside the free zone or to their country
• No taxes on wages or salaries
• No export taxes
• No customs on import
• The company is fully owned 100% by its owners
• Freedom to sell the company
• The freedom of the company to own a property within the free zone
• Providing housing for employees and workers
• Owning cars, equipment and means of transportation
• Issuing work permits for workers and employees
• Issuing a permit or residence permit for workers or employees
• Issuing a residence permit for employees’ families
• Enrolling workers’ children in schools and universities in Dubai
• Provides medical services from international and local providers in Dubai
• It provides health insurance services from international and local service providers in Dubai

How can you establish a company in the free zone?

Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:

• Choose the company’s location
• Agreeing on the trade name, as it is the name that distinguishes one company from another.
• Obtaining the company’s business license.
• Obtaining initial approval to start work.
• Commercial license registration.
• Complete the requirements for a commercial license and obtain it.

Frequently asked questions about establishing a company in the Dubai Healthcare City Free Zone