Dubai World Central (DWC)
DWC (Dubai World Central)
DWC is one of the prestigious and cost effective free zones available in Dubai city.DWC ensures that Dubai’s leading position as a logistics and trade hub remains intact. It takes advantage of Jebel Ali Port and connects to Al Maktoum International Airport through the dedicated Dubai Logistics corridor.
Brief Overview about Free zone
The creation of DWC as a free zone was an initiative taken by Dubai government to transform the city into a leading business, trade and aviation hub.DWC provides quick and effective connectivity options and is located in the strategic location that encourages strong business growth.
The amazing road links makes it a perfect business setup or base to choose from. The free zone has direct access to Emirates Road and Dubai By-Pass as well.
Benefits of Free Zone
Here are some of the advantages of joining the free zone community:
- 100 Percent Tax Free Operations
The businesses that run under the DWC free zone are not entitled to pay tax or associated tax related components. You are the owner of your business and there is no corporate tax imposed as well.
- One Stop Destination for your Business Needs
As a DWC member, you can easily access resources required to grow your business for the betterment of the company you are associated with.
- Work and Contribute in Vibrant Community
DMCC is home to ambitious professionals who live and contribute in this lively environment. You can enjoy a high quality lifestyle with first class facilities
- Free Zone Services
DWC provides wide range of services related to registration, lease and licensing.
- General Administration Services
DWC handles general administration services that include:
- Employee Visa Sponsor
- Employee Entry Permits
- Employee Work Permits
- Health and Safety
- Leases and Licenses
They offer services related to lease and licenses for setting up different businesses in free zone.
- Utilities and Infrastructure(UIM)
Types of Licence
The one stop destination for trade provides clients to choose either of the two options:
- DWC Limited Liability Company(DWC-LLC)
The client needs to submit the registration and licensing application form for DWC-LLC setup. Valid passport copies of any person listed as Director, Shareholder, General Manager and Company Secretary listed in the application are also verified. Certificate of incorporation, valid trade license with two copies of the Memorandum of Association and the articles of association of the DWC-LLC with the name of the company to be setup has to be signed by all stakeholders.
- Branch of an Overseas Company or Branch of an UAE Registered Company
You can open a new branch in an overseas company or in an UAE registered company by filling registration and licensing application. Copy of signed board resolution, certified true copies of the Memorandum or similar company documents and certificate of good standing is required to complete this process.
Cost of Setting Up
The DWC fee or set up fee for DWC-LLC or branch registration is 10,000 AED.The license fee of 10,000 AED and additional 5,000 AED is added for each new business activity.
The following fee is also applicable when you are setting up your firm or business in free zone:
- Yearly license renewal whose cost is 10,000 AED
- Cancellation of license whose cost is 2000 AED
- Replacement of lost license whose cost is 2000 AED