Dubai World Trade Centre (DWTC)
Dubai World Trade Centre (DWTC) was created with multi-national enterprises looking to establish a presence in Dubai. They can save money while complying with DWTC's free zone regulations.
- The goal of a UAE freezone is to allow foreign companies to grow their operations in the country. They can then start selling their goods or services in this profitable market.
Characteristics of DWTC Freezone
Characteristic TypeCharacteristic Trait
Company Type Freezone Company (FZCO)
Governing Body Dubai World Trade Center Authority
Minimum Number of Shareholders 1
Minimum Number of Managers 1
Accounting and Bookkeeping Requirements No
Renewal Date Annual Date of Incorporation
Corporate Taxation 0%
Visa Type Employment Visa only
Ownership 100% Foreign Ownership
Type of Activities Commercial/Service/Industrial/Educational
VAT Percentage 0%
Duty for Import and Export 0%
Duration For Company Formation : 5-7 Days
Paid Up Capital No Paid up Capital
Local Partner Required No
Activities DWTC Free Zone Is Ideal For
Below is the list of activities you can involve in the DWTC Freezone:
- General Trading Activities
- Exhibitions
- Events Management
- Financial Activities
Types of Business Licenses Issued by DWTC Free Zone
One can choose any one of the following business licenses to set up business in the DWTC Freezone:
- Service License: The license allows an entity to perform services within the Dubai freezone and across the UAE.
- Event License: The license holder can organize meetings, conferences, and exhibitions.
- Trade License: It allows the registered entity to conduct activities related to importing, exporting, distributing, and storing specified products.
Types of Business Entities in Dubai World Trade Centre Free Zone
One can choose any one of the following business entities.
Free Zone Establishment (FZE)
The entity type can be registered with a single or corporate shareholder.
Free Zone Company (FZC)
The entity is formed with two or more shareholders, who can be individuals or corporate entities.
Branch Office
Any company from the UAE or outside can set up a branch office with no minimum capital requirement.
Services Provided by Dubai World Trade Center Freezone
Below are the services provided by the Dubai World Trade Center:
- License Services: The service helps you with license-related issues, including issuance and renewal, amendment, and cancellation.
- Immigration Services: It includes processing and renewal of residency visa applications.
- General Administration Services: These include services such as maintaining the register and issuing a No Objection Certificate (NOC).
- Miscellaneous Services: DWTC Authority offers services other than the services mentioned above.
Benefits of Starting A Business In DWTC Free Zone
DWTC freezone offers the following benefits to companies:
100% foreign ownership
No tax on export
No corporate or income tax
No customs duty
No restriction on the repatriation of capital
Simplified Company Formation process
Stable and clear regulations
One-stop shop for all government services
No restriction on hiring foreign employees
Procedure to Set Up a Business in DWTC Free Zone
You need to decide on a business activity to get a license from the authority. Select a unique name for your company, avoiding reference to any religion or political organizations
Submit relevant documents and fill out the form to get your business trade license in UAE.
Complete the application form with all the necessary details and submit it with supporting documents.
After thoroughly examining the application and successful KYC verification, the authority will issue the license.
After obtaining the license, you can proceed to apply visa using the appropriate channels.
You can choose to open a corporate bank account in UAE to conduct company transactions.
Documents Required to Set Up a Business in DWTC Free Zone
- Passport copy
- Visa /Entry permit Copy
- Director/Shareholder passport photos
- Additional documents depending upon business activity
- Memorandum of Association (For Branch)
- Certified Copy of Registration Certificate (For Branch)
- Good standing certificate (For Branch)
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
To ease the process of your business setup in the DWTC free zone, you'll require a consultant to help you with the registration process. Gryffin Capitalist can be your one-stop solution, which can help you establish a company in the DWTC-free zone.
We have the expertise, resources, and freezone packages to help you set up your company. You need not worry about red tape, visa applications, documentation, licensing procedures, residency permits, banking data, etc. Our team shall assist you at every step.
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
1) Free Zone Establishments (FZE)
2) Free Zone Company (FZC)
3) Branch Office
1) General Trading License
2) Service License
3) Professional License
No, it is not required.
5-7 working days.
The costs can vary based on the type of company and activities.
Yes, businesses must follow ongoing compliances. You have to renew your trade licenses on an annual basis, then maintain the financial records and follow the local labour laws.
