Dubai is the first emirate to pioneer the free zone model that offers foreign businesses attractive concessions and investment incentives, including zero taxes and 100% ownership of a company. The region developed over 20 free zones for specific industries and sectors, including finance and media. While these zones are characterized by their highly efficient infrastructure and unparalleled services, a potential Client should know what fits best for them.
Dubai World Trade Centre Free Zone (DWTCFZ) is an area that sets itself apart from other existing free zones. Developed in 2016 under the ambient of the World Trade Center in Dubai, DWTCFZ has become the most sought-after place to incorporate a business in the region.
Known for establishing itself as a world-class business hub, DWTCFZ connects businesses to the rest of the world by providing an attractive business environment for entrepreneurs and companies worldwide. If you think of Dubai as your dream destination to start a company, here is why you should consider setting up your company in the Dubai World Trade Centre Free Zone.
This free zone, in particular, has a comprehensive infrastructure that includes modern office spaces, advanced communication systems, and state-of-the-art transportation facilities. Furthermore, it has an extensive exhibition centre that hosts numerous trade shows, conferences, and events throughout the year, providing opportunities for businesses to showcase their products and services to the audience globally.
These events and conferences provide newer companies access to a large and diverse market, thereby expanding their business market. Home to many multinational corporations and local companies, this free zone mainly provides opportunities for networking and collaboration.
The DWTCFZ offers several business incentives, including no restrictions on repatriation profits and 100% foreign ownership. Additionally, it helps newer Clients with simplified company registration and licensing procedures, allowing businesses to set up their operations quickly and easily.
The free zone authority provides a one-stop shop for company registration, licensing, visa processing, and other administrative procedures. It means that investors can complete all formalities quickly and efficiently, allowing them to focus on their business operations. Moreover, the DWTCFZ has a range of support services, such as legal, financial, and marketing, that help businesses establish themselves in the region.
Favorable regulatory environment
The Free Zone’s transparent and efficient legal system gives businesses high certainty and predictability. Additionally, Dubai has a robust intellectual property regime that protects the rights of companies and promotes innovation. DWTC Free Zone provides businesses with a single point of contact for all regulatory and administrative matters. It means that investors can easily access all the information and support they need to comply with regulations and ensure their business operations are smooth and efficient.
DWTC Free Zone has implemented stringent anti-money laundering (AML), and counter-terrorism financing (CTF) measures to protect businesses and investors from financial crimes. It includes robust Know Your Customer (KYC), due diligence procedures and implementing the latest AML and CTF technologies and practices.
In conclusion, the Dubai World Trade Centre Free Zone is an attractive destination for businesses looking to establish themselves in the Middle East. The Free Zone provides a range of benefits, including tax exemptions, 100% ownership, simplified registration, and a strategic location that connects businesses to the rest of the world. It facilitates smooth workflow and saves time and effort for a company. Furthermore, the DWTCFZ has a comprehensive infrastructure, a diverse workforce, and a favourable regulatory environment that provide companies with the mechanism they need to succeed.
Setting up a company in one of the free zones in Dubai can be complex for those who need to learn more about it. It is essential to get professional assistance for the same. At Healy Consultants Group, we are happy to assist you with your business setup process in the free zones of Dubai.