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Advantages of Dubai World Trade Centre Freezone

The Dubai World Trade Centre Freezone, DWTC, is one of the leading free zones of Dubai. Whether you are a startup or an organization, this free zone provides various business development benefits. It also gives promotion advantages. So, this article explains the opportunities that the DWTC presents to a business. It also explains the available licenses and the procedures involved in registering a business at the DWTC free zone. So, let’s dive in.

Overview of Dubai World Trade Centre Freezone (DWTC)

DWTC Freezone Dubai World Trade Centre Freezone is one of the oldest free zones of Dubai. It was established in 1996. Its purpose is to encourage the growth of free zones through the introduction of a flexible organizational structure.

The Free zone of choice is the Dubai World Trade Centre Freezone. It is a business hub in the heart of this global city that boasts modern architecture and modern amenities. It also gives business solutions that meet the modern market demands. Thus, it is among the best places to locate and build an enterprise. All this is due to its favorable location close to the central business district and access to international markets.

Key Advantages of DWTC Freezone

100% Foreign Ownership

Another advantage of carrying out business in the DWTC Freezone is that you are free to own your business. This is because you are not subjected to certain restrictions. Importantly this means that for an entrepreneur or investor, you don’t necessarily require a local partner to establish your firm. This freedom, thus, enables the owners to have full autonomy over their business. So, it is suitable for international business people who wish to establish themselves in the UAE.

Tax Exemptions

Dubai World Trade Centre Freezone gives plenty of taxation benefits to its investors. Just like in the USA, there are no corporate and personal income taxes, your profits included. One of the major selling points for using this structure is the absence of tax on the profits. So, this is a major source of expenditure for many businesses. Therefore, eradicating it can save businesses a lot of money hence increasing their profitability.

Strategic Location

The DWTC Freezone provides an excellent and convenient location in the vicinity of Novotel World Trade Centre Dubai. This center is in proximity to; transport and communication networks; airports, and ports among others. It also sees easy access to other international markets, thus making it a vantage point for international business.

Modern Infrastructure

DWTC has a modern high-tech structure to support today’s business organizations. There is the availability of high internet connection, utilities, and quality shells for offices. It also guarantees that the companies can run their businesses effectively. So, you do not have to be concerned over some fundamental problems such as power.

Streamlined Business Setup

Business start-up in DWTC Freezone is relatively easy and fast. Business from the business setup point of view is easier to establish. So, various entrepreneurial firms and companies can start their business at the soonest time possible. The efficiency of this process has made DWTC firm as one of the most desirable firms for startups and SMEs.

Flexible Licensing Options

DWTC provides diverse business licenses. These licenses may be of different importance with various business functioning types. Whether you trade, consult, sell online, or offer a professional service, there is a license type for that. This flexibility, thus, helps to make DWTC attractive to local companies from different industries.

Networking Opportunities

DWTC hosts International events and exhibitions. These events enable businesses to market their products and find clients and investors from all over the world. The latter ability to network across the globe is a great benefit for those companies that aim at global market expansion.

Favorable Business Climate

Providing an appropriate environment for business development is the aim of DWTC Freezone. The legal system is favorable. Also, it is highly responsive to business. It, thus, means that companies can easily grow without navigating various bureaucratic jargon. Furthermore, it allows businesses different support services such as visa and license procurement.

0% Import and Export Duties

At DWTC Freezone, you enjoy zero duties on import and export. Thus, it lowered the cost of importing goods into the UAE or exporting products to the entire world. So, it is considered an advantage for trading companies, manufacturers, and companies engaged in the exports or imports business.

Types of Licenses in DWTC Freezone

According to DWTC Freezone, licenses are available in various types to cater to various business activities. So, here are some of the most common types of licenses:

Annual permit

It is for companies who engage in buying and selling localized or imported products.

Service License

It is for businesses operating in the service sector, in the fields of consultancy, education, etc.

E-commerce License

It applies to online business persons seeking a license to conduct their business online.

Event Management License

It is for companies who are involved with event and exhibition services.

Industrial License

It is only for manufacturing companies and companies involved in production.

Consultancy License

This license is for any business which provides consultancy services in any chosen niche.

Professional License

It is for individuals offering professional services such as accountants legal practitioners or consultants.

Tourism License

It is for all establishments involved in the sale of travel services and customer accommodations.

Independent Contract Agreement

It is intended to be used for employees and contractors for hire.

Facilities and Amenities at DWTC Freezone

Flexible Office Spaces

With open desk spaces for leases to serviced suites for committed tenure, investors can, thus, enjoy flexible choices at DWTC.

Novotel World Trade Centre Dubai Proximity

The Novotel World Trade Centre Dubai is present near DWTC. So, it is a perfect meeting place for business people given business meetings, conferences, and training.

Advanced Infrastructure

Fast and steady connection services and proper utilities. Moreover, powerful security solutions create the appropriate environment for business.

Support Services

It offers several services to ease the process of business setup. These include visa processing, licensing, and consultancy.

Legal Entity Types in DWTC

DWTC Freezone allows companies to set up various structures, including:

Free Zone Establishment
Free Zone Company
Branch Office of an Existing Company
Representative Office

Steps to Set Up a Business in DWTC Freezone

There are few legal requirements to enter the DWTC Freezone and start up a business. Here are the general steps:

Define Your Business Activity

Find out the type of business you engage in and the license that is essential for it.

Select Your Company Structure

When applying for EORI registration, decide on the legal entity type that is best for your business.

Gather Required Documents

Ensure that you have read your identification documents, and business plans among other things.

Submit Application and Secure Approvals

All your applications should be forwarded to DWTC for approval.

Lease Office Space (If Needed)

If your needs are different, renting an office in DWTC may be the right thing to do.

Obtain Business Licenses

Acquire the right license for your business and then get it issued to you with not much fuss.

Open a Corporate Bank Account

Commence Operations

Once all arrangements have been put in place, you can start running your business.

Why Choose Dubai World Trade Centre Freezone?

Central Location

They have convenient locations for Dubai business and residential communities. So, it is the best choice.

Business Flexibility

In essence, DWTC offers services and products to various market segments, such as small businesses innovatively, and established multinationals.

Premier Infrastructure

From consciously constructed and optimally designed infrastructure, you can also derive benefits for smooth business functioning.

Global Networking Opportunities

Join a community of clients and partners from around the world.

Supportive Services

DWTC provides a multitude of services. It can also assist a firm in achieving its goals and objectives.

Speak to Our Experts

To know more about business formation in DWTC approach Business Setup Experts DMCC or business setup in Dubai. This is because they will help you in every step of the process, which means that the whole process will be as simple as possible.

FAQs

How Much Cost to Set Up a Company in DWTC?

It depends on the type of business, the license, and what facilities you have decided to include. However, the costs can be broken down by Business setup experts in Dubai.

DWTC Freezone provides which business activities?

Business activities that are funded by DWTC Freezone include trading, consulting, and e-commerce. Event management and the like are also included.

Am I Allowed to Operate Business outside the DWTC Freezone?

Absolutely some licenses let companies begin with their operations in the UAE mainland providing certain standards are being met.

How Long Does It Take to Register a DWTC Freezone Company?

Consequently, bureaucratic procedures enable the formation of businesses within several days.

What Are the Visa Costs in the DWTC Freezone?

The cost of a Visa will therefore vary with the number of Visas needed and the size of the business. However, for more information contact business setup consultants in Dubai.

Conclusion

By establishing operations in the Dubai World Trade Centre Freezone the firms get a key to a whole new global marketplace. Moreover, it provides benefits, full foreign ownership, a central and global position, and a variety of choices for different business licenses. These benefits, thus, make DWTC an ideal location to register your business in Dubai. So, contact our Business setup experts in Dubai as early as today and become successful.

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