Expo 2020 boosts Dubai’s image as Global Torchbearer

Expo 2020, a gathering of festivities and a platform that brings people from all over the globe together to connect, share ideas, discover, and develop, has begun in Dubai.

UAE’s Golden Visa: What is it, and who is eligible to apply?

As part of a larger initiative to recruit talented people and promote foreign investment, the UAE government is undertaking a slew of measures.

UAE’s Real Estate Sector in the Booming Phase

As the Middle East recovers from the impact of the Covid19 pandemic, the UAE’s real estate market is showing signs of revival ahead of Expo 2020.

Dubai Gears up to Host Major Business Conventions

While the world economy is grappling with various global tensions and insecurities, Dubai’s businesses are continuing to expand. Dubai is the first of several nations that will open its borders to international gatherings and conventions in the second half of 2021 and early 2022.

Top Five Reasons Why Dubai is Considered a Business Powerhouse

Over the years, Dubai has successfully fostered a hospitable environment in the realm of business. During this pandemic time, the majority of economies are struggling to remain afloat or restore stability, Dubai is well on its way to returning to its daily chores.

SHAMS Rising Amidst the Pandemic

When the world economy is wounded with the pandemic piercing its claws deep down putting countless people out of business, we are witnessing a change in the business landscape. Adaptation to the present environment is the only survival mode meant for the new market realities.

DMCC Propels Crypto Center to Boost Blockchain Sectors

Dubai puts a huge leap forward in advocating the cryptocurrency and blockchain technology. Dubai’s flagship free zone Dubai Multi Commodities Centre (DMCC) has launched its crypto center for ushering the growth of businesses operating in cryptographic and blockchain technology.

Dubai World Trade Centre Free Zone – An Investor’s choice

Located at the heart of Dubai city, Dubai World Trade Centre Free Zone is one of the most preferred destinations for SMEs, startups, and large corporations alike. The free zone was established in the year 2015 with an aim to attract foreign investors to the Dubai Trade Centre and enhance its economic capabilities.

DWTC free zone is open to diverse businesses and it offers various incentives to branches as well as new companies. One can conduct most of the activities licensed by the Dubai Economy at the DWTC free zone.

The advantages of setting up your company in DWTC are many;

  • Strategic location
  • Dual licensing option
  • Complete foreign ownership
  • 100% repatriation of capital and profits
  • Nil restriction on employee foreign nationals
  • No restraints over capital nationality
  • Zero income and corporate tax for 50 years
  • Flexible licensing options
  • Attractive packages for SMEs and startups

Setting up your company at DWTC

The process of setting up your business at DWTC is quite simple. The steps include;

Types of Companies that can be set up in DWTC

  • Free Zone Company: a company with limited liability and a sole shareholder
  • Free Zone Establishment: a company with limited liability that has a minimum of 2 shareholders. The maximum number of shareholders should not exceed 10.
  • Foreign Branch
  • UAE Branch

A non-individual shareholder requires additional paperwork to establish an FZCO/ FZE in DWTC. Companies that require only a commercial office for operation can be established in the free zone, irrespective of the type of the company.

The foreign branch must be under the complete ownership of the parent company and in the case of a UAE branch, a valid registration from a UAE license authority is required.

Types of License

  • Commercial License

For carrying out specified commercial activities

  • General Trading License

For carrying out commercial activities without any restriction

  • Professional License

For carrying out specified professional services

  • Event Management License

For the organizing of business and leisure activities

If you are on the lookout for an agency that can help you set up your company in a free zone without any hassles, contact Jumeira Consultants. Our experts will take you through the entire process and you can leave the burden of arranging documents, submitting applications, and getting the license to us.

UAE allows 100% Foreign Ownership in Mainlands; The effective date and activities included

Until recently complete ownership to foreign investors was the sole feature of free zones in UAE, but from June 1st onwards UAE mainland can also boast of this characteristic.

International Free Zone Authority now in Dubai

International Free Zone Authority (IFZA) is a competitive free zone in Dubai that was originally founded in Fujairah. The free zone is equipped with an expert team who keep themselves updated on the latest rules