26 Mar 2019
By MSZ Consultancy
Business Setup
Dubai Textile City (DTC)
Dubai Textile City (DTC) is considered to be a huge textile center and it was formed from the agreement between TEXMAS and Dubai Port and Customs Authority to facilitate the Textile traders in Dubai and also other part of the world.
Types of entities in DTC
- Free Zone Establishment (FZE)
- Free Zone Company (FZCO)
- Branch of a Foreign/Local company
Following are the benefits of setting up a company in DTC
- 100% foreign ownership
- 100% repatriation of capital and profits
- Subleasing options available
- No intermediaries to add to costs
- Discipline and also a stable legal system
- Worldwide publicity promotes better business turnover
- Low operational cost and also low production cost
Following are the required documents for company registration
- Passport copies of the shareholders
- Passport copies and also CV (resume) of the manager
- Personal information sheet of each shareholder and manager
- Proof of trade name reservation and also initial approval
- Memorandum of Association (MOA) and also Article of Association (notarized and attested)
- Power of Attorney (notarized and attested)
- Lease agreement
- Proof of share capital
Additional documents for corporate shareholders
- Board resolution (attested and notarized)
- Certificate of incorporation of your existing company (attested and notarized)
- Memorandum of Association (MOA) of your existing company (attested and notarized)
For further information, Call MSZ Consultancy at +971 52 544 1248
