The free zone in Dubai World Central is part of the Al Maktoum Airport in Dubai, the new airport. Despite its modernity, the free zone in Dubai World Central (the business park) is witnessing a wide demand from investors due to the facilities and privileges it provides to investors, and the number of investors is increasing steadily.
Dubai World Central offers investors attractive and encouraging facilities, starting from licensing procedures and renting the headquarters, and even while the investor is carrying out his commercial activities. Dubai World Central contributes to the prosperity of the economy and to the growth of the GDP of the Emirate of Dubai.
One of the most prominent advantages is the objectivity of company registration costs and expenses
- The privacy of the location, as the free zone – business park is considered part of Dubai World Central, which is part of Al Maktoum Airport. It is about a 40-minute drive from the heart of Dubai, about 50 minutes from Dubai International Airport, and about 20 minutes from Jebel Ali Free Zone.
- 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 employees’ 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
Logistics facilities provided by:
The Dubai World Central Free Zone Authority provides investors with high-quality facilities and logistical services, including easy entry and exit to and from the free zone, speedy company registration and licensing procedures, multiple alternatives and options for the company’s headquarters, whether for office or storage purposes, all of which are provided with electricity, water, the Internet and communications, in addition to more. This includes restaurants, hotels and shopping services, and all of these services are available at competitive prices, in addition to the fact that the free zone in Dubai World Central is considered part of Al Maktoum Airport.
Steps to establish a company in the World Central Free Zone
Determine the type of activity
Identifying the activity is the first step to obtaining a business license. Through the activity, the parties associated with this activity and the permitted legal forms are identified.
The legal entity of free zone establishments in the country takes one of the following two types:
- Free zone limited liability company
- Free zone establishment
The difference between the two types lies in the number of shareholders and the nature of the shareholder, whether a natural or legal person. Not all free zones are obligated to register these two types of establishments.
Therefore, we advise the investor to refer to the body responsible for managing each free zone separately to inquire about the legal structure available for the type of activity that he wants to practice.
The Dubai Multi Commodities Center allows the establishment of a limited liability company, which takes the form of a subsidiary wholly affiliated with a local or foreign company.
Branches of establishments in free zones
Existing local and foreign companies can establish branches in other free zones.
Capital requirements
Capital requirements in free zones in the country vary depending on the region and activity.
Choose a trade name
When determining the type of legal entity for your business activity, you should also think about choosing a trade name that is appropriate for the activity.
In most cases, you must refer to the relevant free zone authority, or the relevant Department of Economic Development, to find out the authorized trade names and whether the name intended by you has been previously registered by a company.
On the other hand, the Departments of Economic Development require certain conditions to approve a trade name, including:
- It must not be contrary to public order and morals
- It must be followed by something indicating the legal entity of the company, such as: (LLC, PJSC, PJSC, FZE, FZE)
- Must not be registered or used for the same or similar type of activity
- It must comply with the nature of the activity and the required legal form
- It must not include sectarian or sectarian names, the names of the ruling authority, or the names and logos of local, Arab and international bodies, institutions and organizations.
- It must not be identical or similar to a local or international trademark registered with the Ministry of Economy
Applying for a commercial license
The type of license you seek depends on the core activity of your business
Selection of offices and work facilities
In free zones, you can buy or rent office space, and office requirements depend on the number of employees and the type of business activity of the company.
Obtaining initial approvals, registering the activity and obtaining the license
Establishments established in free zones are subject to the laws and regulations that govern each specific free zone body or authority.
In order to obtain the necessary approvals, you must apply for the necessary documents. The list of documents varies according to the type of activity and the requirements of the free zone authority.
Below are general instructions on the steps and documents needed to obtain approvals.
Initial approvals
In order to obtain initial approvals, you need the following:
- An application form for initial approval, complete with the required information
- Action Plan
- A copy of the existing business license/registration certificate (for existing companies, this applies to local companies only)
- Color copies of the passports of the company’s shareholders, and the director or member of management appointed to the new company
- A signature form for both the shareholders of the company, and the director or member of management appointed for the new company
- Audited financial reports on the company’s budget for two years, or a reference certificate from each shareholder’s bank
- No objection letter from the current sponsor (for individuals)
- Title deed for the real estate unit
- Letter of intent
- A form with the commercial registry identification code for the manager/member of management (submit the original copy officially certified by a notary public)
The freelancer needs to provide a smaller amount of documentation, and in most cases must:
- Submit a registration request
- biography
- Reference letter from the bank
- A form with the commercial registry identification code (submit the original copy, officially authenticated by a notary public)
Establishment registration
After obtaining initial approvals, you must pay the registration fees and license fees. Fees depend on the type of license required.
Documents required for registration:
- Request to register with complete data
- Board of Directors’ decision to appoint a director of the company/management member (officially authenticated by a notary and authenticated)
- A legal power of attorney through which the director/management member is authorized (officially authenticated by a notary and authenticated)
- The company’s articles of incorporation and articles of association (officially authenticated by a notary and authenticated)
- Director/management member signature form (officially notarized and authenticated by a notary public)
- A personal photo of the director/management member with a white background
- Information about share capital
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.
Establishing a company in the free zone
The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, Kaber Company, through its great experience in business management, undertakes By helping many investors choose the appropriate free zone for their commercial activity, it also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.
Advantages of establishing a company in the World Central Free Zone
- 100% retransfer of capital and profits abroad
- 100% exemption from import and export duties
- No tax is imposed on corporate gains or personal income in most cases
- No restrictions on the use of currency
- Low cost of operations
- Pre-built offices, factories and warehouses
- Fast establishment and licensing procedures
- Single window for customs clearance; That is, multiple administrative services in one station
- Provides labor recruitment assistance and additional support services, such as sponsorship and on-site housing
- Abundant and inexpensive energy
- Excellent infrastructure, communications, and attractive work environment
