Business Set Up in Dubai World Trade Center (DWTC)

 

Dubai World Trade Center (DWTC) provides an exclusive and also highly required proposition for your company formation in UAE. A Dubai World Trade Centre business setup can be the ideal option for businesses looking for an effective, competitive and also well-regulated business ecosystem.

Types of license:

 

Following are the types of license available in Dubai World Trade Center (DWTC)

  • General trading license
  • Professional license
  • Commercial license
  • Event management license
  • Business operating permit

Legal entity:

  1. Branch of foreign company
  2. Branch of UAE company
  3. Free Zone Establishment (FZE)
  4. Free Zone Company (FZCO)

Some of the benefits of setting up a company in DWTC is following below

  • 100 % Foreign ownership
  • 100% Repatriation of capital
  • No restriction on currency and also repatriation of funds
  • No restriction on hiring foreign employees
  • One-stop–shop providing company registration, licensing and also visa services

Required documents for setting up a Foreign Branch in Dubai World Trade Center (DWTC)

  • DWTC Application Form
  • Company profile
  • Passport copies of directors and also managers
  • Copy of EID and Resident visa of directors and also managers (applicable for UAE resident only)
  • NOC from local sponsor for managers (if applicable)

After initial approval

  • Memorandum of Association and also Article of Association of parent company
  • Copy of certificate of incorporation or association of parent company
  •  Board resolution
  • Specimen signature of manager (attested by DWTC authority)
  • Copy of Audited Accounts of Parent for preceding two years,
  • Certificate of Good Standing or copy of valid Trade License of the Parent company (if applicable)

Note: The Certificate of incorporation, Board resolution, MOA & AOA (must be notarized by a notary public and attested by the UAE embassy in the country of origin or the ministry of foreign affairs in the UAE)

Required documents for setting up a UAE Branch in DWTC

  • DWTC Application Form
  • Company profile
  • Passport copies of directors and also the managers
  • Copy of EID and also Resident visa of directors and managers (applicable for UAE resident only)
  • NOC from local sponsor for managers (if applicable)

After initial approval

  • Memorandum of Association and also Article of Association of parent company (attested by the parent company’s existing authority in the UAE)
  • Copy of UAE valid registration
  • Copy of certificate of incorporation of parent company (if applicable)
  • Board resolution (attested by the parent company’s existing authority in the UAE)
  • Specimen signature of manager (attested by DWTC authority)

Required documents for setting up a Free Zone Establishment (FZE) in DWTC

  • DWTC application form and also FZE application form
  • Company profile
  • Passport copies of shareholders, directors and also the managers
  • Copy of EID and also Resident visa of shareholders, directors and managers (applicable for UAE resident only)
  • NOC from local sponsor for managers (if applicable)

After initial approval

  • Memorandum of Association and also Article of Association of FZE (attested by DWTC authority)
  • Specimen signature of manager (attested by DWTC authority)
  • Bank certificate for deposit of share capital in the company’s UAE bank account

Following are the required documents for Non-individual shareholder

  • Certificate of incorporation of Non-individual shareholders (must be notarized by a notary public and attested by the UAE embassy in the country of origin or the ministry of foreign affairs in the UAE)
  • Board resolution (must be notarized by a notary public and attested by the UAE embassy in the country of origin or the ministry of foreign affairs in the UAE)
  • Memorandum of Association and also Article of Association of Non-individual shareholder (must be notarized by a notary public and attested by the UAE embassy in the country of origin or the ministry of foreign affairs in the UAE)

Required documents for setting up a Free Zone Company (FZCO) in DWTC

  • DWTC application form and also FZCO application form
  • Company profile
  • Passport copies of shareholders, directors and also the managers
  • Copy of EID and Resident visa of shareholders, directors and also the managers (applicable for UAE resident only)
  • NOC from local sponsor for managers (if applicable)

After initial approval

  • Memorandum of Association and also Article of Association of FZCO (attested by DWTC authority)
  • Specimen signature of manager (attested by DWTC authority)
  • Bank certificate for deposit of share capital in the company’s UAE bank account

Following are the required documents for Non-individual shareholder’s

  • Certificate of incorporation of Non-individual shareholders
  • Board resolution
  • Memorandum of Association and also Article of Association of Non-individual shareholder

Note: The Certificate of incorporation, Board resolution, MOA & AOA (must be notarized by a notary public and attested by the UAE embassy in the country of origin or the ministry of foreign affairs in the UAE)

If you are planning to set up a company in DWTC then contact MSZ Consultancy, we will assist you for setting up your business in DWTC. We will provide you turn key and hassle free solution. Contact us: +971 52 544 1248 or Email us: info@mszconsultancy.com

 

 

Find out how much it cost you to setup your Dream Business

Other Recent Blogs

Getting Your Tax Resident Certificate in UAE

Getting Your Tax Resident Certificate in UAE

One of the main advantages of doing business in the United Arab Emirates is the preferential tax treatment that businesses get. The UAE has a 0% corporate income tax for individuals and legal entities, which is ideal for anyone wanting to own their own business. But,...

Easy Business Setup in DMCC

Easy Business Setup in DMCC

If you’re looking for a place to set up a business, the Dubai Multi Commodities Centre (DMCC) is the place to be! The location is growing at such a rapid pace. There are over 15,000 registered businesses in the area, making it the largest free trade zone in the UAE....

HOW TO RENEW YOUR TRADE LICENSE IN DUBAI

HOW TO RENEW YOUR TRADE LICENSE IN DUBAI

As a trader, your license remains the original document that verifies your business as an official legal entity to function. Hence, it is very imperative to ensure that your license is always updated to avoid any hefty fees which will be levied if your license has...

Subscribe to Our Newsletter

We’ll keep you updated on the latest trends and news

Translate »
WhatsApp WhatsApp us