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

Penalties for Expired Business Licenses in Dubai

Penalties for Expired Business Licenses in Dubai

Dubai is home to one of the world's largest and most progressive business environments. From all around the globe, investors travel here to conduct business and take advantage of the vast array of business and regulatory benefits the region brings. Despite the...

How to Set Up a Business in Dubai Silicon Oasis Free Zone

How to Set Up a Business in Dubai Silicon Oasis Free Zone

For many investors and entrepreneurs, the first name that springs to mind when it comes to international business is “Dubai.” From around the world, folks travel here to conduct business and take advantage of the many lucrative incentives the region offers. And...

What Does Employee Relocation to the UAE Entail?

What Does Employee Relocation to the UAE Entail?

Why Starting a Business in the UAE Makes Good Sense The United Arab Emirates (UAE) has come a long way since its founding back in 1971. The UAE has been very intentional about building up its physical and technical infrastructure and has welcomed the inclusion of...

Subscribe to Our Newsletter

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

Translate »
WhatsApp WhatsApp us