ِDubai World Central Free Zone is one of the newest free zones in Dubai, strategically located near Dubai International Airport and Dubai International Financial Centre, Dubai World Central Free Zone provides a unique business environment and experience for startups and large corporations alike.
Dubai World Central Free Zone also offers many advantages that make it an ideal destination for companies wishing to invest in Dubai. These advantages include a strategic location that facilitates access to major markets in the region, innovative legal and regulatory systems that support business, and advanced infrastructure and modern technology available in the region.
And it is characterized by Dubai Free Zone World Central provides integrated services to companies, including logistics support services, warehousing, distribution, shipping and international transportation services, in addition to technical, administrative, marketing, legal and other support services. The free zone in Dubai World Central also provides modern and comfortable work spaces equipped with the latest technologies and facilities necessary to facilitate companies’ work and improve their performance.
Dubai World Central Free Zone
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Dubai Free Zone It is a distinguished economic center that is a driving force for investment and trade in the region. These areas are an ideal environment for business, offering a wide range of opportunities and benefits to companies and investors. The Dubai Free Zone is distinguished by its diverse range of companies, covering various economic sectors, which creates a dynamic competitive environment and enhances trade exchange and innovation. The free zone provides advanced infrastructure, facilitated customs and tax facilities, and integrated logistics services, which attract companies, facilitate their operations, and enhance their growth opportunities. In addition, the Dubai Free Zone provides a supportive and stimulating business environment, working in partnership with the private sector to provide the necessary support and facilities to promote investment and achieve economic success.
Companies in the free zone
Located in Dubai Free Zone A diverse group of companies representing different economic and industrial sectors. Among the companies present in the free zone we can find:
- International trading companies: Import and export companies operate in areas such as consumer goods, machinery and equipment, and industrial goods.
- Industrial companies: It includes manufacturing companies operating in areas such as food industries, chemical industries, electronics industries, and more.
- Logistics and distribution companies: Specializes in transportation, storage and distribution services for various goods and commodities.
- Technology and innovation companies: Includes software development companies, clean technology, smart technologies, and more.
- Consulting and professional firms: Provides consulting services in areas such as engineering, marketing, accounting, and more.
- Financial and investment companies: Includes banks, investment companies, mutual funds, etc.
- Real Estate and Property Management Companies: Deals with real estate development, real estate property management and real estate services.
- Medical and health companies: Provides healthcare services, medical supplies and medical instruments.
Support programs provided by the free zone in Dubai World Central
The support programs offered by World Central Free Zone include a wide range of services and benefits that aim to encourage and support entrepreneurs and companies. Among these programs are:
- Tax exemptions: World Central Free Zone offers attractive tax exemptions, including income tax and corporate tax exemptions for companies registered there.
- Customs facilities: World Central Free Zone provides customs facilities to facilitate the movement of goods and reduce customs costs for companies.
- Advanced infrastructure: The free zone ensures a sophisticated infrastructure that includes high-quality facilities such as modern offices, warehouses, and logistics facilities.
- logistic support: The free zone provides advanced transportation and integrated logistics facilities that facilitate shipping and distribution operations for the companies joining it.
- Financial and legal services: World Central Free Zone offers comprehensive financial and legal services including financial consulting, commercial law services, and insurance.
- Government support: Companies in the World Central Free Zone receive continuous government support from local and national authorities, helping them successfully achieve their business objectives.
Logistics facilities provided by the free zone for companies
Free Zones in Dubai It offers a range of logistics facilities that help companies speed up their operations and improve their efficiency. These facilities include:
- Advanced infrastructure: Free zones feature advanced infrastructure including seaports, international airports and advanced transportation networks.
- Strategic location: Free zones are strategically located close to ports, airports and major roads, facilitating transportation and distribution operations.
- Customs facilities: Companies in free zones enjoy customs facilities including exemption from customs duties and taxes on import and export.
- Warehousing and distribution services: Free zones provide advanced warehousing facilities and excellent distribution services that help companies manage inventory efficiently.
- Transportation and shipping services: Free zones provide integrated transportation and shipping services including sea, air and land freight, facilitating international and local transportation operations.
- Production and manufacturing facilities: Free zones provide modern and advanced production and manufacturing facilities that facilitate production processes and improve the quality of products.
- Integrated logistics services: Free zones provide access to a wide range of integrated logistics services, such as customs clearance, insurance and packaging services.
- modern techniques: Free zones use modern technologies such as inventory management systems and shipment tracking to enhance the efficiency of logistics operations.
Establishing a company in the free zone in Dubai
Establishing a company in the free zone in Dubai It requires several steps and procedures. Here is an overview of the process of establishing a company in the free zone:
- Market study and business plan: First, a market study must be conducted and a detailed business plan must be developed that includes objectives, strategies, and expected costs.
- Select company type: The appropriate type of company, such as a local company, subsidiary, or joint venture, should be chosen according to the business needs and expectations.
- Obtaining the necessary licenses: Company licenses must be obtained from the local authorities and relevant official bodies in the free zone.
- Submit the required documents: Required documents must be submitted, such as the incorporation form, a copy of the passport, a certificate of good conduct, the articles of association, etc.
- Location and Rent: The company must be located in the free zone and a lease agreement must be obtained for the appropriate place.
- Payment of fees and insurance: The necessary fees for establishing the company and workers’ insurance must be paid, in accordance with the instructions issued by the competent authorities.
- Company registration and obtaining a license: After completing the previous steps, the company is officially registered and the final commercial license is obtained.
- Starting a business: After obtaining the license, you can start practicing business and start operating in the free zone.
Costs of establishing a company in the free zone in Dubai World Central
The costs of setting up a company in a Dubai free zone vary based on several factors, including the type of company, its size and activity, and local legal and administrative costs. However, here is a list of approximate costs that can be involved in setting up a company in a Dubai free zone:
- Establishment and registration fees: These fees include the company establishment fees and its registration with the local authorities and relevant official bodies.
- Commercial license fees: Pay to obtain the commercial license required to practice commercial activity in the free zone.
- Rental costs: Rental costs must be paid for the office or commercial space that will be used for the business.
- Legal and accounting consulting costs: The process of forming a company may involve consulting costs for lawyers or accountants to help you complete the legal and accounting procedures.
- Insurance and guarantee costs: Costs may include insurance and warranties for workers, equipment and property.
- Registration costs in local authorities: Costs may include registration with local authorities and trade associations.
Dubai Free Zone
Documents required to establish a company in the free zone
Here is a list of basic documents that are usually required. To establish a company in the free zone in Dubai:
- Memorandum of Association: It specifies the basis for establishing the company, details of the shareholders, and the company’s proposed objectives and activities.
- Appointment of Directors Form: Specifies the identity and details of the directors appointed to manage the affairs of the company.
- Appointment of Company Secretary Form: If a treasurer is required, he or she must be appointed and his or her details provided.
- Business Activity Form: The proposed company activity is determined and presented to the relevant authorities.
- Ownership Form: Specifies the details of the company’s shareholders and their ownership percentages.
- Copy of passport for shareholders and directors: A copy of the passport of both shareholders and directors must be submitted.
- Good Conduct Certificate: Some free zones may require a certificate of good conduct for directors and shareholders.
- Lease contract or title deed of the place where the company will be established: Proves ownership or lease of the place to establish the company.
Advantages of establishment Company in the free zone World Central
- 100% repatriation of capital and profits abroad.
- 100% exemption from import and export duties.
- Fast establishment and licensing procedures.
- No tax on corporate profits or personal income in most cases.
- No restrictions on the use of the currency.
- Low cost of operations.
- Pre-built offices, factories and warehouses.
- Provides assistance with hiring workers and additional support services, such as sponsorship and on-site housing.
- Abundant and inexpensive energy.
- The free zone features excellent infrastructure, communications, and an attractive business environment for investors.
- Fast establishment and licensing procedures.
At the end of this article, we find that Dubai Free Zone Dubai World Central is a leading example of economic development and innovation in the UAE. Combining advanced infrastructure, excellent logistics facilities and a vibrant business environment, the free zone is a preferred destination for companies and investors from around the world. Dubai World Central Free Zone provides an ideal environment for innovation and economic growth, contributing to the national economy and the country’s economic sustainability. By supporting companies and enabling them to achieve their business objectives, Dubai World Central Free Zone continues to be a key hub for economic growth and development in the region and globally.
The most important frequently asked questions about the free zone in Dubai
What are the benefits of setting up a company in a free zone?
The main benefits of setting up a company in a Dubai free zone include simplified customs controls, practical legislation, simple administrative procedures, financial privacy, and no corporate income tax.
What are the basic procedures for establishing a company in the free zone?
The basic procedures include choosing the appropriate economic activity, submitting the required documents, obtaining the necessary licenses and permits, opening a bank account, and signing official contracts.
Can foreigners establish companies in free zones?
Yes, foreigners are allowed to establish companies in Dubai’s free zones under certain conditions, and these conditions vary between different free zones.
What business activities are allowed in the free zone?
Permitted business activities vary by free zone, but generally include industrial, commercial, service, technological, logistics, and other business activities.
What are the expected costs of establishing a company in the free zone?
Costs consist of licensing fees, rental costs, administrative service fees, legal fees, and any additional costs related to the company’s activity.
What are the investment opportunities available in the free zones in Dubai?
Dubai’s free zones offer diverse investment opportunities in areas such as industry, trade, technology, services, logistics, e-commerce, and more.