Dubai Flower Centre Free Zone

Numerous free zones in Dubai cater to specific industries. It allows different businesses to take advantage, such as tax exemptions, special incentives, and custom policies. Not only that, but these areas are rich in infrastructure and modern networking, among others. Dubai Flower Centre Free Zone is one such area.

Dubai Flower Centre: What You Need to Know

The Dubai Flower Centre (DFC) serves as a hub for importing and exporting flowers and other perishable goods worldwide. It can handle tons of these goods annually. If you want to venture into the world of floriculture, then starting a business in Dubai Flower Centre (DFC) can be very profitable. This Free Zone has a floor area of around 100,000 square meters and is fully furnished with state-of-the-art infrastructure, well-equipped with facilities like cold storage and mechanised. Its strategic location and proximity to the Dubai Airport, Sharjah, Dubai Al Maktoum International, Ras al Khaimah, and Abu Dhabi makes it a haven for exporters, wholesalers, and logistics companies which are looking to communicate with the global markets.

Importance of Starting a Company in the Dubai Flower Centre (DFC)

There are many reasons why you should choose DFC as the primary jurisdiction when starting your business. But some of the significant benefits of starting a company in the DFC apart from access to the global market are:

• Dubai Flower Centre Free Zone has excellent logistics
• The free zone provides seamless and expert support services
• DFC offers abundant networking opportunities
• Tax exemptions are available for import and export of goods
• The Dubai Flower Centre Free Zone provides a reduced cost and efficient supply chain

How to Set up a Business in the DFC

The following are the few steps to take to start a company in the Dubai Flower Centre Free Zone.

1. Choose a Business Location

When setting up a company in Dubai, conducting thorough research about the availability of free zone locations is necessary. A business setup consultant like Business Setup Worldwide can assist you with this.

2. Select a Business Activity and Legal Structure

Once you have finalized the business location, choose the activity you wish to conduct. As DFC primarily engages in activities such as handling and distributing perishable goods such as flowers, fresh produce, and other temperature-sensitive items, it is crucial to choose your business activity according to the same. DFC also permits various types of businesses, including imports and exports, logistics, distribution, and wholesale of flowers, plants, and fresh produce. Also, ensure that you select the company structure that is best suited for your business. You can choose from different structures like free zone establishment, free zone company, and foreign company branch.

3. Application Submission and Review

Now, you will have to submit and fill out an application form along with a few documents. This form will contain details like your chosen business activities, information about your shareholders, and the legal structure of your organization, along with some other documents to the DFC or relevant authorities. The generic guide of the necessary documents is attached below for your reference.

• Passport copies of shareholders and managers
• Visa copies of shareholders (if applicable)
• Business plan
• Proof of existing trade license (if setting up a branch)
• Memorandum and Article of Association

Make sure to discuss this with your business advisor before preparing the documents.

4. Wait for the Background Verification

The respective authorities will contact you after reviewing your DFC application. If approved, they will issue a preliminary letter within 30 days. This letter confirms that your organization adheres to the laws and regulations of the jurisdiction. It also deems you eligible to conduct business activities.

5. Verification of Legal Documents

Upon obtaining the Provisional Letter of Approval, you must submit all the required documents to the respective free zone authorities.

6. Final Approval Acceptance

Now, you need to send the final letter of approval to the Department of Economic Development (DED) and the Economic Department of Dubai to ensure that the application is accepted.

7. Lease Agreement and License Issuance

You will then have to lease either a warehouse or a storage unit to help ease your business activities. The applicants and authorised signatories need to sign the lease agreement and receive the trade license.

Documents Required to Obtain a Trade License in Dubai Flower Centre (DFC)

The following are the documents required to obtain a trade license in the Dubai Flower Centre Free Zone.

• Signed lease agreement with DFC
• Passport and visa copies of shareholders, directors, and managers
• Completed application forms for each person involved in the company
• Articles of Association (for FZ-LLC)
• Memorandum of Association (for branch offices)

Counting the Costs: Understanding the Expenses of Setting Up a Business in Dubai Free Zone

The cost of setting up a business in Dubai Free Zonvariesus dramatically depends on factors like the company's size, business requirements, choice of office space, etc. Knowing the cost will help you in allocating your budget properly. To help you understand better, you can contact us at Business Setup Worldwide.

Our team of experts will help you learn more about your business requirements. In addition to that, if you are interested in proceeding with company formation in Dubai, our consultants are well-versed in everything, starting from business incorporation to opening an offshore bank account. We will help you achieve it all!