Business Setup in Dubai World Trade Centre Free Zone (DWTC)

Legal Structures Allowed in DWTC Free Zone

Every free zone offers a distinct set of legal structures for the investors wishing to form a company. The entrepreneurs, with the help of business setup consultants in Dubai, can choose the best legal structure that fits their business purposes. The DWTCA offers the following legal structures:

a) Free Zone Company

The investors can establish an FZCO in the DWTC Free Zone with multiple shareholders. The shareholders can be 2-10 people or a company/companies. It could be a combination of both as well.

b)Free Zone Establishment

The investors are allowed to register a Free Zone Entity with a single shareholder within the Free Zone. A single individual or a single company can be a shareholder of the entity in the DWTC Free Zone.

c) Branch of Foreign Company

The DWTCA allows companies outside the UAE to establish a branch in the DWTC Free Zone. The foreign branch can conduct all or some of the unique activities of the parent company. The branch needs to be owned 100% by the parent entity.

The Process of Setting up a Business in DWTC Free Zone

Investors need to go through the types of legal structures and the various license issues of the DWTC Free Zone. The best company formation specialists in Dubai, UAE can guide businessmen in selecting the right legal structure. The following steps need to be followed to form a company in the DWTC Free Zone:

1. Select Trade Name
2. Select a Legal Structure
3. Submit Applications
4. Receive Initial Approval From Free Zone Authority
5. Submit Relevant Documents
6. Obtain Lease& License
7. Start Functioning

Benefits of Forming a Company in DWTC

1. Strategic location in Dubai’s Central Business District
2. Grade A buildings to lease
3. Access to award-winning developments
4. Access to single-landlord properties
5. Great transportation
6. Easy access to world-class business events

Documents Required to Establish A Company in DWTC Free Zone

i) FZCO

1. Company profile
2. Copy of Emirates ID and residency visa of Shareholder(s), Director(s), and General Manager
3. No Objection Letter from the local sponsor for General Manager (if applicable)
4. Memorandum and Articles of Association of FZCO
5. Board or Shareholder Resolution to establish the FZCO under the DWTC Authority (If the shareholder is a company or companies)
6. Certified True Copy Certificate of Incorporation of Non-individual Shareholder OR Certificate of Registration ( If the shareholder is a company or companies)

ii) FZE

1. Company profile
2. Passport Copies of Shareholder, Director(s), and General Manager
3. Copy of Emirates ID and residency visa of Shareholder, Director(s), and General Manager
4. No Objection Letter from the local sponsor for General Manager (if the GM is UAE resident with work visa)
5. Specimen Signature of General Manager
6. Memorandum and Articles of Association of FZE
7. Board or Shareholder Resolution to establish the FZE under the DWTCA (for non-individual shareholders)
8. Certified True Copy Certificate of Incorporation of Non-individual Shareholder OR Certificate of Registration
9. Memorandum and Articles of Association of Non-individual Shareholder

iii) For Foreign Branch

1. Company Profile
2. Passport Copies of Director(s) and General Manager
3. Copy of Emirates ID and residency visa of Director(s) and General Manager
4. No Objection Letter from the local sponsor for General Manager (if applicable)
5. Memorandum and Articles of Association of Parent company (attested)
6. True copy Certificate of Incorporation or Association of the Parent company (attested)
7. Board Resolution establishing a branch under the DWTC Authority, authorizing a Power of Attorney holder and specifying his/her level of authority (attested)
8. Specimen Signature of General Manager
9. Copy of Audited Account(s) of Parent for preceding 2 years, Certificate of Good Standing or copy of valid Trade License of the Parent company