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