Dubai World Central Free Zone is one of the newest free zones in Dubai. It is strategically located near Dubai International Airport and the Dubai International Financial Centre. Dubai World Central Free Zone provides a distinguished business environment and a unique experience for startups and companies. Both large.
The Dubai World Central Free Zone also provides many advantages that make it an ideal destination for companies wishing to invest in Dubai. These advantages include the strategic location that facilitates access to the main markets in the region, the innovative legal and regulatory systems that support business, and Advanced infrastructure and modern technology available in the region.
The free zone in Dubai World Central is distinguished by providing integrated services to companies, including logistical support services, warehousing, distribution, shipping and international transport 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 the work of companies and improve their performance.
Free Zone in Dubai World Central
جدول المحتوى
ToggleFree zone in Dubai
Dubai Free Zone is a distinguished economic center that is considered a driving force for investment and trade in the region. These areas are considered 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 promotes trade exchange and innovation. The free zone provides advanced infrastructure, easy customs and tax facilities, and integrated logistical services, which attracts companies, facilitates their operations, and enhances their growth opportunities. In addition, the Dubai Free Zone offers a supportive and stimulating business environment, as it works in partnership with the private sector to provide the necessary support and facilities to enhance investment and achieve economic success.
Companies located in the free zone
There are a variety of companies representing various economic and industrial sectors in the Dubai Free Zone . Among the companies located in the free zone we can find:
- International trade companies: include import and export companies that work in areas such as consumer goods, machinery and equipment, and industrial goods.
- Industrial companies: includes manufacturing companies that work in areas such as food industries, chemical industries, electronic industries, and more.
- Logistics and distribution companies: specialize in transportation, storage, and distribution services for various goods and commodities.
- Technology and innovation companies: includes companies in software development, clean technology, smart technologies, and more.
- Consulting and professional companies: provide consulting services in areas such as engineering, marketing, accounting, and others.
- Financial and investment companies: include banks, investment companies, investment funds, and others.
- Real estate and property management companies: deal with real estate development, real estate property management, and provision of real estate services.
- Medical and health companies: provide health care services, medical supplies, and medical tools.
Support programs provided by the free zone in Dubai World Central
The support programs provided by the World Central Free Zone include a wide range of services and benefits aimed at encouraging and supporting entrepreneurs and companies. Among these programs:
- Tax exemptions: World Central Free Zone offers attractive tax exemptions, including exemptions on income tax and corporate tax for companies registered in it.
- 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 the presence of advanced infrastructure that includes high-quality facilities such as modern offices, warehouses, and logistical facilities.
- Logistical support: The free zone provides advanced means of transportation and integrated logistical facilities that facilitate shipping and distribution operations for the companies joining it.
- Financial and legal services: World Central Free Zone provides integrated 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, which helps them successfully achieve their business goals.
Logistics facilities provided by the free zone to companies
Free zones in Dubai offer a range of logistical facilities that help companies speed up their operations and improve their efficiency. Among these facilities:
- Advanced infrastructure: The free zones are characterized by an advanced infrastructure that includes sea ports, international airports, and advanced transportation networks.
- Strategic location: Free zones are located in strategic locations close to ports, airports and main roads, which facilitates transportation and distribution operations.
- Customs facilities: Companies in free zones enjoy customs facilities that include exemption from customs duties and taxes on import and export.
- Warehousing and distribution services: Free zones provide advanced storage facilities and excellent distribution services that help companies manage inventory efficiently.
- Transport and shipping services: Free zones provide integrated transport and shipping services that include sea, air and land freight, which facilitates international and local transport 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 technologies: 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 Dubai Free Zone requires following several steps and procedures. Here is an overview of the process of establishing a company in the free zone:
- Market study and business plan: You must first conduct a market study and develop a detailed business plan that includes goals, strategies, and expected costs.
- Choosing the company type: The appropriate company type, such as a local company, subsidiary, or joint venture, must be chosen according to business needs and expectations.
- Obtaining the necessary licenses: Company licenses must be obtained from the local authorities and the relevant official authorities in the free zone.
- Submitting the required documents: The required documents must be submitted, such as the incorporation form, a copy of the passport, a certificate of good conduct, the incorporation contract, and others.
- Determining the location and rent: You must determine a location for the company in the free zone and obtain a lease contract for the appropriate place.
- Payment of fees and insurances: The necessary fees for establishing the company and workers’ insurances must be paid in accordance with the instructions issued by the competent authorities.
- Registering the company and obtaining the 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, it is possible to start doing business and begin activity in the free zone.
Costs of establishing a company in the free zone in Dubai World Central
The costs of establishing a company in the 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 the Dubai Free Zone:
- Establishment and registration fees: These fees include fees for establishing the company and registering it with the local authorities and relevant official authorities.
- Commercial license fees: Paid to obtain the commercial license necessary 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 company incorporation process can involve consulting costs for lawyers or accountants to help you complete the legal and accounting procedures.
- Insurance costs and warranties: These can include insurance costs and warranties for workers, equipment, and property.
- Registration costs with local bodies: These can include registration costs with local bodies and trade associations.
Free zone in Dubai
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 Dubai Free Zone :
- Company incorporation form (Memorandum of Association): Specifies the basis for establishing the company, details of shareholders, and the proposed goals and activities of the company.
- 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 financial secretary is needed, he or she must be appointed and his details provided.
- Business Activity Form: It defines the company’s proposed activity and is presented to the concerned 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 must be submitted for both shareholders and directors.
- Good Conduct Certificate: Some free zones may require a certificate of good conduct for directors and shareholders.
- The lease contract or title deed for the place where the company will be established: proves ownership or rent of the place to establish the company.
Advantages of establishing a company in the World Central Free Zone
- Re-transfer capital and profits abroad at a rate of 100%.
- 100% exemption from import and export duties.
- Fast procedures for establishment and licensing.
- No tax is imposed on corporate gains or personal income in most cases.
- Do not impose restrictions on the use of currency.
- Low cost of operations.
- Pre-built offices, factories and warehouses.
- Provides labor recruitment assistance and additional support services, such as sponsorship and on-site housing.
- Abundant and inexpensive energy.
- The free zone is characterized by excellent infrastructure, communications, and an attractive business environment for investors.
- Fast procedures for establishment and licensing.
To conclude this article, we find that the Dubai World Central Free Zone represents an outstanding model of economic development and innovation in the UAE. This region combines advanced infrastructure, excellent logistics facilities and a vibrant business environment, making it a preferred destination for companies and investors from around the world. The Dubai World Central Free Zone provides an ideal environment for innovation and economic growth, and contributes to strengthening the national economy and achieving the economic sustainability of the country. By supporting companies and enabling them to achieve their business goals, Dubai World Central Free Zone continues to be a major 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 establishing a company in a free zone?
The main benefits of establishing a company in the Dubai Free Zone include facilitated customs controls, practical legislation, simple administrative procedures, financial privacy, and no corporate income taxes.
What are the basic procedures for establishing a company in the free zone?
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 free zones in Dubai under certain conditions, and these conditions vary between different free zones.
What commercial activities are allowed in the free zone?
Permitted business activities vary by free zone, but generally include industrial, commercial, service, technological, logistical, 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 services 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?
Free zones in Dubai offer various investment opportunities in areas such as industry, trade, technology, services, logistics, e-commerce, and others.