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: +971589827842 or Email us: info@mszconsultancy.com

 

 

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