Dubai South Setup – IBSS

DWC Freezone Company Setup in Dubai, DWC Company Formation in Dubai, Dubai World Central ( DWC ) Freezone Company Setup, Dubai World Central ( DWC ) Freezone Company Formation

Dubai World Central ( DWC ) now  Dubai South, is positioned on 140 square kilometres of multi-purpose place right subsequent to the Jebel Ali Sea Port. The Dubai South free zone  (Dubai world Central -DWC) headquarters is carefully positioned to Al Maktoum International Airport, Logistics District, commercial enterprise Park, Aviation District, Industrial District, Residential District, golfing District, Exhibition District, and Humanitarian District.

The Dubai South free zone ( Dubai world Central -DWC) international airport is strategically positioned to offer convenient logistics and cargo around the GCC, Middle East, and the complete world.

The Logistic District is situated adjoining to the Al Maktoum International Airport and allows rapid-cycle logistics agencies to higher control their stock and create extra efficiencies throughout their delivery chain.

With the important infrastructure, space, centres and get entry to in the region, it’s far ideally suited as a powerful distribution or international supply chain hub for the middle Japanese, Southeast EU, CIS, Indian sub-continent and African markets.

The Dubai South free zone (Dubai world Central -DWC) servers because of the strategic platform inside the UAE for the boom of logistics, aviation, mild industry, and ancillary provider businesses. The Dubai South Freezone (Dubai world Central – DWC, website: www.dubaisouth.ae ) brand serves as a reminder of the vision of the authorities of Dubai in making the Dubai South free sector (Dubai world Central -DWC) residential town a hub of commerce!

Dubai South –The City of You – is an emerging 145 sq. km. master-planned city based on the happiness of the individual which apply to Dubai South as follows:

  1. To become a city of happy, creative and empowered people
  2. To become the preferred place to live, work and invest
  3. To create an inclusive and cohesive society
  4. To build a smart and sustainable city
  5. To become a pivotal hub in the global economy

THE EMERGING FACE OF DUBAI

Dubai South is projected to sustain a population of a million. As an economic platform, it is designed to support every conceivable kind of business and industry and create 500,000 jobs.

It is home to the world’s largest airport in the making – the Al Maktoum International Airport – and is host to landmark events such as World Expo 2020 and the Dubai Airshow.

Launched as a Government of Dubai project in 2006, Dubai South is easily accessed from downtown Dubai and Abu Dhabi.

VISION: Creating a vibrant society that invests lives and works within a sustainable, healthy and happy environment.

MISSION: Leveraging our strategic location connecting both air and sea mega ports, we are creating a self-sustained urban destination to empower businesses, families and individuals to grow and prosper.

Start Your Business in DWC Freezone with Us

The DWC Freezone means carrying out the business in the Dubai’s Freezone area by meeting specific regulation by Dubai World Central (DWC) Freezone Company Setup. Are you planning to start with your venture in DWC? The professionals from IBSS are present to extend expert support.

Right from the documentation to the banking process, our company will help you with every kind of developmental process. We facilitate our clients in DWC Company Formation in Dubai by helping them to work in sectors like logistics, aviation, humanitarian sector, residential area, etc.

Why IBSS for Starting a Company in DWC

If you are wondering how to start with the process of DWC Freezone Company Setup in Dubai, then worry not as IBSS has your back. The DWC or Dubai South is an emerging business face that is helping the business houses that are creating jobs for the people.

Moreover, as a foreign company, the owners are going to enjoy kinds of business activities, access to World’s Largest Airport that is still under construction, i.e. Al Maktoum International Airport, 100% foreign ownership, access to world’s greatest port near to JAFZA, etc. Here are some pointers to take our services for your next foreign set up in Dubai:

  • Experienced Business advisors
  • Works closely with your business team for setting up of your company
  • Supports in Financial and Governmental Process
  • Affordable Fee
  • Full Support for Dubai World Central ( DWC ) Freezone Company Formation and legal procedures

 

ADVANTAGES OF BUSINESS SETUP IN DUBAI SOUTH FREE ZONE

  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • No corporate and personal income tax
  • Wide range of business activities are available
  • Unique industry clustering and purpose-built infrastructure
  • Co-located with the world’s 8th largest cargo airport
  • Dedicated access to the world’s largest port at JAFZA
  • Self-contained city
  • Wide range of activities and facilities provided
  • Dedicated aviation and logistics districts
  • Venue of the World Exposition 2020, with an expected footfall of 25 million visitors over 6 months.

FAQ’s

WHAT IS DUBAI SOUTH?

Dubai South is a registered trademark of Dubai World Central Corporation. From 2015, Dubai South is the new name of the 145 km2 development area in Madinat Al Matar around Al Maktoum International Airport

WHAT IS DUBAI WORLD CENTRAL / DWC?

 

Dubai World Central is the original name of the Madinat Al Matar development area. Dubai World Central continues to be the name of the Free Zone located within the Dubai South development area. Companies registered within the Free Zone are designated DWC-LLC.

HOW DO I START A BUSINESS IN THE DWC FREE ZONE?

 

All businesses operating in the DWC Free Zone must have a physical presence in the Free Zone. Accordingly, the first step to getting started is to meet with the DWC Sales team and agree on the type, location and size of premises to be leased. All businesses must then be registered and licensed to operate within the DWC Free Zone. There are two registration options: registration as a Branch of an existing entity, or incorporation of a new DWC limited liability company (DWC-LLC).

HOW LONG DOES THE REGISTRATION AND LICENSING PROCESS TAKE?

 

Provided that the security checks have been cleared and the application fee and all supporting documentation are present and correct, the registration and licensing process can be completed within as little as 1 day.

WHAT IS A BRANCH?

 

A Branch is a representative office of a legal entity which already exists outside of the DWC Free Zone (local or international). A Branch does not have a separate legal personality, and it derives its power and authority from the parent entity. A Branch must have a General Manager who is responsible for the day-to-day operation of the Branch, but it will not have a board of directors or company secretary. A Branch must retain the same name as the parent entity and end with the designation (Branch).

WHAT IS A DWC-LLC COMPANY?

 

A DWC limited liability company is a new legal entity with its own legal personality. The liability of its members (shareholders) is limited to the value of the share capital they hold in the company. A DWC limited liability company must have Shareholders, Directors, a Company Secretary and a General Manager, and will have the designation DWC-LLC.

CAN I APPLY FOR SEPARATE LICENCES UNDER ONE COMPANY NAME?

 

Yes. If an applicant’s proposed business model spans more than one (or overlaps any) of the categories set out in the DWC Free Zone and Administration Rules and Regulations, the applicant is advised to apply for separate Licences (e.g. an applicant who wishes to carry out both trading and manufacturing should apply for two Licences - one for the trading activity and the other one for the manufacturing activity) (only for exceptional cases)

HOW DO I ESTABLISH A DWC-LLC?

 

To establish a DWC-LLC, the following must be submitted to the Free Zone Administration Department:

 

  • A completed form – Registration & Licensing Application (Dubai World Central LLC);

  • Clear and valid passport copies (preferably in colour) of any individual listed as a Shareholder, Director, General Manager and Company Secretary in the application form;

  • A notarized, attested and legalized copy of certificate of incorporation, valid certificate of good standing or trade licence (for foreign companies, should be notarized, attested and legalized) of any Shareholder that is a corporate entity;

  • If the person handling the application and signing the declaration at the end of the Registration & Licensing Application form is not named as a Shareholder, Director, General Manager or Company Secretary in the application, then a notarised Power of Attorney or signed Board Resolution (if the Shareholder is a corporate entity) will be required from each Shareholder, confirming that the person handling the application is properly authorised to act on behalf of the Shareholders;

  • 2 copies of the Memorandum of Association and the Articles of Association of the DWC-LLC on this site under COMMERCIAL BUSINESS, bearing the name of the company to be incorporated and signed by all Shareholders, noting their names, addresses and respective shareholding; and

  • The applicable fee

DO I NEED A UAE PARTNER TO ESTABLISH A DWC-LLC?

No. All Free Zone Enterprises in DWC can be formed with 100% foreign ownership.

ARE THERE ANY LIMITATIONS ON THE NUMBER OF SHAREHOLDERS OF A DWC-LLC?

A DWC-LLC is currently limited to a maximum of 6 shareholders.

HOW MANY DIRECTORS CAN BE APPOINTED TO A DWC-LLC?

Anywhere between 1 to 7 Directors can be appointed to a DWC-LLC company. A DWC-LLC company must have at least 1 Director at any given time.

DO THE SHAREHOLDERS, DIRECTORS OR COMPANY SECRETARY HAVE TO RESIDE IN THE UAE?

No. Shareholders, Directors and the Company Secretary can be located anywhere in the world.

CAN THE SAME PERSON BE A SHAREHOLDER, DIRECTOR, COMPANY SECRETARY AND GENERAL MANAGER?

Yes. However, the General Manager must be a UAE resident.

CAN THE GENERAL MANAGER RESIDE OUTSIDE OF THE UAE?

No. The General Manager must reside within the UAE as he/she will be the day-to-day point of contact for all matters concerning the DWC Free Zone business, and may need to be reached quickly in an emergency.

CAN I BE A PARTNER IN MORE THAN ONE COMPANY?

Yes. An individual can be a partner/shareholder in multiple companies.

WHAT IS THE REQUIRED MINIMUM SHARE CAPITAL TO FORM A DWC-LLC?

The minimum capital of a DWC-LLC company will be AED 300,000 (each share is AED 1). If the capital is AED 1,000,000 or more, then a proof of capital is required.

HOW IS THE SHARE CAPITAL ACCOUNTED FOR?

The consideration for which a share in a Free Zone Establishment is issued may take the form of cash or non cash consideration. We don’t ask for bank letters to prove the minimum capital is paid up.

HOW DO I REGISTER A BRANCH?

 

  • A completed form – Registration & Licensing Application (Branch);

  • Either a copy of a signed Board Resolution OR a notarised Power of Attorney from the existing entity, confirming the intent to establish the Branch and nominating a representative to handle the filing;

  • Notarized, attested and legalized Memorandum and Articles of Association or similar constitutional documents of the existing entity;

  • Notarized, attested and legalized certificate of incorporation, certificate of good standing or valid trade licence of the existing entity; and

  • The applicable fee

CAN I REGISTER A BRANCH OF ANOTHER BRANCH OR REPRESENTATIVE OFFICE?

No. The Branch must be immediately related to the existing entity.

ARE THERE ANY RESTRICTIONS ON THE BUSINESS ACTIVITIES OF A BRANCH?

 

Yes. A Branch cannot undertake any business activity which the existing entity is not already authorised to undertake.

CAN I REGISTER A BRANCH AND THEN CONVERT THE BRANCH TO A DWC-LLC LATER?

Yes

WHAT TYPES OF LICENCE ARE AVAILABLE IN THE DWC FREE ZONE?

The categories of licence available within the DWC Free Zone are:

  • Commercial Licence – allows the holder to carry out specified commercial services including general trading and logistics services;
  • Service Licence – allows the holder to carry out services specified in the Licence within the DWC Free Zone and elsewhere in the UAE;
  • Industrial Licence – allows the holder to carry out specified light manufacturing activities; and
  • Education Licence – allows the holder to carry out educational and social services, educational aid training, and educational consultancy services;
  • Please refer to DWC Free Zone and Administration Rules and Regulations on this site under COMMERCIAL BUSINESS for a detailed description of these licences.

Call us today to know more about our DWC based services.