For firms looking for a centrally located and cost-effective business setup option in Dubai, the DWTC or Dubai World Trade Centre (DWTC) Free Zone provides attractive options. A short distance from the city’s financial center, the Dubai World Trade Center sits in the heart of the city’s major commercial zone. This environment is ideal for businesses that want to operate locally and in the regional and worldwide markets.
This Free Zone was established by Sheikh Mohammed bin Rashid Al Maktoum and offers a variety of unique business options, including free-zone licensing and hassle-free branch licensing for foreign enterprises and UAE LLC corporations.
An experienced adviser from UAE Free Zones can make the process of registering your company in the Dubai World Trade Centre Free Zone straightforward and fast.
This guide will walk you through the basics of setting up your business in this globally-minded Free Zone. From there, you can begin taking advantage of all that DWTC has to offer businesses looking to expand into new markets. Let’s get started!
Key Benefits of Setting up Business in DWTC
Although there are a number of options available for setting up a business in Dubai, the Dubai World Trade Centre (DWTC) offers a number of key benefits. Here are some of the top reasons to consider setting up your business in DWTC:
A 15-minute drive from Dubai International Airport, the Dubai World Trade Center is situated in the heart of Downtown Dubai. The metro station provides easy access to the events and the sights from anywhere in Dubai or the United Arab Emirates.
Business Operating Permit
“Business Operating Permission” is a special permit granted to well-established businesses that want to extend their activities inside the Free Zone. As a result of this approval, firms may do so now. These firms are allowed to create an office and do business in the Free Zone as a result of this authorization.
However, the economic activity carried out inside the Free Zone must be consistent with the one outlined in the DED license in order for a firm to be awarded this license.
DWTC Authority licensees and business permit holders are allowed to sublet the space to other Free Zone members. When an issue arises with sub-payments, lessee’s the sub-lessor is still responsible.
Sponsorships and Employment
Sponsorship services for workers and family members are provided by the Free Zone Authority to DWTC Authority-registered investors. The following is a list of potential investors to contact.
The Flexi-desk package is a big reason why the Dubai World Trade Centre Free Zone is popular with small enterprises as well as the many international organizations that call it home. Flexi-desks are the greatest option for companies that don’t want to make a long-term commitment to real office space but still require access to office facilities like conference rooms.
Easy and Affordable Setup
The process of forming a business at the Dubai World Trade Centre is straightforward and can be completed quickly and cheaply. It may be more economical to establish a Free Zone Establishment (FZE), a Free Zone Firm (FZCO), or a branch of an existing firm in DWTC. Flexi-desks may be had for as little as AED 41,000 if you choose that option.
Platform to Compete Globally
In addition to the relatively inexpensive expenses of operating a company in Dubai, the World Trade Center’s location provides enterprises with an important competitive edge.
Within walking distance of Dubai’s business district, the Dubai World Trade Center (DWTC) is located right adjacent to the Dubai International Financial Centre. While avoiding the region’s traditionally high rates, it provides businesses with a great place to call home.
Setting Up Business With Multiple Shareholders
You may set up a business at the Dubai World Trade Center that has several shareholders that are either people or companies. The Dubai World Trade Center offers yet another huge perk to multinational enterprises. A Free Zone Company registration is all an aspiring entrepreneur needs to get their firm off the ground.
Company Set Up Cost in DWTC Free Zone
DWTC is the most cost-effective Dubai Free Zone. It offers three packages:
For 31,300 AED, you can get a Flexi-desk package (including a 2,000 AED refundable deposit).
For 57,300 AED, you can get an office package with trade or service activity (including a 4,000 AED refundable deposit).
For 58,500 AED, you can get an office package with general trading activity (including a 4,000 AED refundable deposit).
DWTC zone will issue you with a license for 19,800 AED if you rent an office from a business center in One Central district.
Documents Required in Setting up a Company in DWTC
Documents Needed to Register a DWTC Company:
The documentation needed to start a business in the DWTC Free Zone differs depending on whether the shareholder is an individual or a corporation.
The following are the basic requirements:
- A copy of your passport
- Your CV should include your work experience.
- A brief business strategy explaining your activity is required.
Following your company’s registration, you will receive the following:
- Certificate of registration.
- Memorandum of Association.
How to Set up Business in DWTC?
The procedure of registering your business with the DWTC Authority is simple. Following is a streamlined process of setting up a company in Dubai world Trade Centre:
- SUBMIT APPLICATION(S)
- RECEIVE INITIAL APPROVAL
- SUBMIT FINAL DOCUMENTS
- OBTAIN LEASE & LICENSE
- COMMENCE OPERATIONS
License Options in Dubai world Trade Centre
Following are the types of License available in DWTC in their costs:
For the purpose of carrying out specified commercial activities.
General Trading License
To engage in unfettered commercial activity.
For the purpose of providing certain professional services.
Getting E-commerce License is For platforms in the UAE that trade products and services online.
LICENSED COMMERCIAL, PROFESSIONAL, AND EVENT MANAGEMENT COMPANIES THAT WORK FROM CONVENTIONAL OFFICES
- AED 5,000 is the registration fee.
- AED 12,500 for the first two years of the license.
- Fees for License Renewal (Year 3): AED 18,750.
- AED 2,300 for an annual establishment card.
- AED 19,800 (Years 1 / 2) Annual Total
- AED 21,050 (Year 3) Annual Total
GENERAL TRADING COMPANIES WITH COMMERCIAL LICENSES THAT WORK FROM CONVENTIONAL OFFICES
- Fees: AED 5,000 for registration.
- AED 15,000 for the first two years of the license.
- AED 22,500 (Year 3) License Renewal Fees
- AED 2,300 per year for an establishment card.
- Total Annual AED 22,300 (Years 1 / 2)
- AED 24,800 in total over three years.
COMPANIES WITH COMMERCIAL, PROFESSIONAL, AND EVENT MANAGEMENT LICENSES THAT WORK FROM HOT DESKS, DEDICATED DESKS, OR EXECUTIVE OFFICES
- Fees for registration: Nil.
- AED 3,000 for the first year of the license.
- Fees for License Renewal (Years 2 and 3): AED 5,000.
- AED 2,300 for an annual establishment card.
- AED 5,300 for the first year.
- AED 7,300 each year (Years 2 and 3).
EXECUTIVE OFFICES OF COMMERCIALLY LICENSED GENERAL TRADING COMPANIES
- AED 3,000 is the registration fee.
- AED 7,200 for the first year of the license.
- Fees for License Renewal (Years 2 and 3): AED 12,000.
- AED 2,300 for an annual establishment card.
- AED 12,500 for the first year.
- AED 14,300 (Years 2 / 3) Annual Total
Types of Companies Formed Under DWTC Authority
Following are the types of companies that can be formed under DWTC authority:
Free Zone Company (FZCO)
Multiple shareholders in the DWTC Free Zone may organize a company with the help of an FZCO registration. Two to ten shareholders may be made up of persons (people) or non-individuals (businesses or corporations).
Free Zone Establishment (FZE)
Anyone in the Free Zone may create a single shareholder Free Zone Entity. Shareholders of a business located in the DWTC Free Zone are restricted to one individual or corporation at a time.
Companies from outside the United Arab Emirates are allowed to set up shop in the DWTC Free Zone. Activities that are unique to the parent firm may be performed entirely or in part by the overseas branch. In order for the branch to be successful, the parent company must totally own it.
If a company has a valid UAE license and a UAE Branch registration, it may open a branch in the DWTC Free Zone. A UAE Branch, which is a legally dependent portion of the Parent business, may or may not carry out the activities of the parent company. To start a branch in the UAE, you’ll need to be officially registered with a licensing organization.
Facilities in Dubai world Trade Centre
Following is a list of facilities available in the DWTC:
- Access to 50,000 global exhibitors annually
- A wide range of flexible workspace and collaborative communities and business centers
- Over 1,000 on-site hotel rooms
- 1,800,000 sqft of leasable office space
Activities in DWTC
Dubai World Trade Centre is a major hub of activities taking place throughout the year, such as:
- Exhibitions (Example: Middle east Foam and Polyutherane Expo, Sleep expo)
- Shows ( Example: World Vape Show, etc)
- Festivals (Example: The Speciality Food Festival)
|Type of License||Visas||COST|
|General Trading license||no visa||AED 57,450|
|General Trading license||1 visa||AED 63,132|
|General Trading license||2 visas||AED 68,813|
Both the Free Zone license and the business operating permit issued by the DWTC Authority enable the holder to do business inside the Free Zone. The Free Zone Department, on the other hand, permits its members to choose a licensed distributor to manage product distribution outside of the Free Zone.
The Dubai World Trade Center is continually attempting to improve its sustainability and decrease the environmental effect of its activities. They are trying to recycle as much waste as possible while simultaneously increasing their output and efficiency at the same time.
Two weeks is the average time it takes to get a new business up and running in this Free Zone. You can also take the help of various business consultants.
So you’re now convinced that setting up your business in Dubai World Trade Centre is a good idea. With the assistance of the DWTC Authority, the procedure of registering as a Free Zone entity in Dubai is rather straightforward. Individuals who are in the process of starting a company, establishing a new branch, or transferring a locally licensed firm to the Free Zone may go to the Authority as a “one-stop-shop” and a single point of contact for all of their business needs.
If you want information regarding other Free Zones, we suggest you check out our archive page. If you want to learn more about how to set up a business in Dubai, we have an in-depth guide for that too.