Setting Up a Company in Dubai South Free Zone

Setting Up a Company in Dubai South Free Zone

When it comes to business building or company formation at a global platform, the first thing that clicks in the mind is Dubai, one of the most vibrant cities of the world. The city has successfully imbibed itself as a business and investment hub. Company formation in Dubai is an opportunity to provide an international exposure to one’s business. One of the key factors that act as a magnet in getting the attention is the Dubai free zones. There are more than 37 free zones in the UAE. In this article, we will walk through the Dubai South Free Zone. Let’s understand more about it.

Dubai South Free Zone

Dubai South Free Zone, earlier known as the Dubai World Central (DWC) is regarded as a Flagship Urban Project that holds emerging opportunities for business investors and entities. The project was built in 2006 to sustain and now serves as an economic platform that creates over 500,000 jobs for nationals as well as foreign expats. The centre is easily accessible from Downtown Dubai and Abu Dhabi. If you are planning to initiate your business in Dubai free zones, you can count on it. Moving ahead, we will understand the multiple reasons for choosing the centre as a business platform.

Why Dubai South Free Zone?

As we have got a clear idea about Dubai South Free Zone (DSW), now let’s answer the question ‘Why Dubai South Zone?’ Well, the answer to this question can be explained by the following benefits that the region holds.

1.A Multimodal Platform

The centre comprises of eight districts that turn it to a multimodal platform. They are; The Al Maktoum International Airport, Logistics District, Aviation District, Residential District, Commercial District, Humanitarian District, Exhibition District, and Golf District.

2.Strategic Location

One of the most convenient factors for any business is a strategic centre. The DWC is located at the South of Jebel Ali and is also connected to the Jebel Ali International Port via the Logistics Corridor. It also connects Sheikh Mohammed Bin Zayed Road and Dubai By-Pass.

3.Business Hub

The centre is accessible to the neighboring countries that make it convenient for other nations to have an access to DWC.

4.100% Ownership

A foreign investor holds the power of carrying back the invested amount along with the profits earned during the business tenure to the home country.

5.Flexible Office Solutions

The centre has plug and play offices, leasehold offices both for retail as well as commercial use. This makes it more convenient for business entities to change their setup accordingly.

6.Fewer Nationality Restrictions

As compared to the other nations, Dubai South Zone has got the minimal number of restrictions or issues in terms of visa, ownership and dependent sponsorship grounds.

Common Business Activities

You have seen the benefits that a business entity avails by setting up a business in DWC, now; let’s have a look at the different businesses that incorporate in the centre so that you get an idea to establish your own. The business activities carried out in the centre are vast and are not limited to:

  • Aviation
  • Manufacturing
  • Education
  • Transport, storage and communications
  • Logistics
  • Health and social work
  • Other community, social and personal service

Company Structure in Dubai South Free Zone

Different company structures are formed based on the nature and size of the business. The different company structures that can be formed in the Dubai South Zone are as follows:

  1. A business entity with one shareholder
  2. A business entity with two or more shareholder (can be individuals or corporate organizations)
  3. A local branch of a company existing in the UAE
  4. A foreign branch of an existing firm outside the UAE

Thus, you have got an idea regarding the different businesses, as well as the structures, that are incorporating in DWC. If you plan to establish your business in the same, you need to hold certain essentials that need to be submitted. Let’s proceed towards it.

What Are the Documents Required to Set Up a Business in Dubai South Free Zone?

The documents required to initiate the company formation process in Dubai South Free Zone includes the following:

  • License Application Form
  • If the business is Service related, a Business Plan is required
  • Passport and visa of the shareholders and Managers
  • Copy of Emirates ID
  • DWCBC Terms and Conditions
  • Specimen Signature Form
  • Memorandum and Articles of Association

The timeline for pre-approval is 15 working days whereas that for licensing is 10 days.

Cost Involved in Setting Up a Business in Dubai South Free Zone

Company setup in Dubai involves several costs. Let’s have a look.

Business Establishment Cost

Options

Cost (AED)

Smart Desk (Usage Allowed 5 hours per week, 2 Visa Allocations)

18,900

Permanent Smart Desk 2 Visa Locations

33,933

Smart Office (Usage Allowed 5 hours per week, 3 Visa Allocations)

28,900

Permanent Smart Office 3 Visa Allocations

74,000

Permanent Exclusive Office  4 Visa Allocations

114,000

Physical Office for Lease

Starting from 700+ per square meter

 

Immigration and Visa Cost

Description

Cost (AED)

Company Immigration Card (renewable annually)

1,000

Residence Visa (Inside the Country)

4,100

Residence Visa (Outside the Country)

2,500

CZ Service Fee for Visa Processing

1,500

Emirates ID Card

370

Medical Test

880

 

Thus, you have seen that the establishment process of a business entity involves multiple processes. Initiating the process for business setup in Dubai becomes much easier when you have a guide who understands your requirements and help you in clearing the essentials. Wondering whom to contact? Don’t worry. We have got your solution right here.

Commitbiz | Your Business Guide

Commitbiz since its inception has been working as a business consultant and has been dealing with multiple clients regarding business establishment process. We understand the in and out of the establishment process. Our core services involve in building the main pillars of business namely accounting, taxation, legal and visa services. Our business experts will take care of it while you focus on building the best strategies for your business. To initiate the process today, do contact us – we’d be happy to assist.