DWTC Free Zone
A free zone is a defined location where foreign enterprises can operate without the same limitations that apply to mainland businesses. The goal of a free zone is to allow foreign companies to grow their operations in Dubai. They can then start selling their goods or services in this profitable market.
Dubai World Trade Centre (DWTC) was created with multinational enterprises in mind that want to build a presence in Dubai. As a result, they can save money while complying with DWTC's free zone regulations. However, DWTC stands apart from the pack. It has a mainland license. As a result, businesses can trade in both the free zone and the mainland. It also has a large number of license options.
Characteristics of DWTC
|Characteristic Type||Characteristic Trait|
|Company Type||Free Zone Company (FZCO)|
|Governing Body||Dubai World Trade Center Authority|
|Minimum Number of Shareholders||1|
|Minimum Number of Managers||1|
|Accounting and Book Keeping Requirements||No|
|Renewal Date||Annual Date of Incorporation|
|Visa Type||Employment Visa Only|
|Ownership||100 Percent Foreign Ownership|
|Type of Activities||Commercial/Service/Industrial/Educational|
|Duty for Import and Export||0%|
|Duration For Company Formation||4-7 Days|
|Paid Up Capital||No Paid Up Capital|
|Local Partner Required||No|
- Color Passport Copy
- Visa status copy / Entry stamp copy
- Passport Size Photo
- Other documents depending on the business activity
DWTC is the region's largest venue, holding many of the world's most prestigious events and providing a one-stop-shop for all services, making it advantageous for business setup in DWTC.
Here have a look at the statistical information on DWTC:
|Founded in the Year||1979|
|Governing Authority||Dubai World Trade Centre|
|Net Economic Value||AED 13.1 billion|
|GDP Contribution to the UAE||3.3%|
|No. of Visitors||3.03 million|
|Job Growth||1.3 million|
|No. of Companies||1400|
|No. of Industries||40|
|Future Projects||‘The Big 5’|
Complete the Application Form
Submit Your Documents to the Authority
Obtain Your License
Obtain Your Residency Visa
Open Your Bank Account
Terms and Conditions
*Duration is subject to the constraints of the due diligence procedure.
**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.
***The required documents must be provided for every individual related to the company.
Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.
Why Choose BSW
If you want to create a business in this city, you'll undoubtedly require a consultant to help you with corporation legislation and company support services. We at Business Setup Worldwide can help you establish a company in the DWTC Authority free zone, one of the fastest-growing marketplaces with a world-class corporate experience. Business Setup Worldwide offers the expertise and resources to assist you in realizing your company setup aspirations without worrying about the red tape, visa applications, documentation, licensing procedures, residency permits, banking data, etc.Contact us for further enquiries.
What are business entities allowed in DWTC?
- Free Zone Establishments (FZE)
- Free Zone Company (FZC)
- Branch Office
How much does it cost for a DWTC company setup?
Which licenses can a single shareholder hold in DWTC?
- General Trading License
- Service License
- Professional License
Does one have to be physically present during the company formation in DWTC?
No, it is not required.
How long does it take to form a company in DWTC?
7 working days.