Dubai accommodates all sizes of businesses. Be it start-ups or big giants. However, the nation knows the importance of creating a more favorable space for small and medium businesses to flourish. Especially, SMEs in the manufacturing sector faces a huge skill gap, considering the nation came with a new dedicated free zone called the Industrial City Free Zone.
Let’s Know More About – Dubai Industrial City
Dubai Industrial City, also known as Dubai Industrial Park, located near the Jebel Ali International Airport, was founded in 2004 and completed in 2015. The free zone accommodates more than 200 companies, a food & beverage zone, a base-metal & transportation zone, warehouses, and an extensive conservation zone along with logistics, education, and other facilities. It is an ideal hub for investors who are targeting global markets.
- Dubai Industrial city was formed to attract foreign investors in the small and medium manufacturing industries.
- It concentrates mainly on the sectors like food and beverages, transportation, machinery, and others.
- This hub also includes retail showrooms and commercial office spaces.
- Dubai Industrial City is near Jebel Ali port and Ali Maktoum airport, making global transportation easy.
- The free zone provides pre-built warehouses in Dubai for logistics and light industrial use, retail showroom, labor villages/camps, office space, open storage yards, commercial land, on-site assistance with construction, facility start-up, and operations.
Dubai Industrial Park is under the Dubai Technology and Media Free Zone (DTMFZA) jurisdiction. This Dubai free zone is a base for giant MNCs, amongst whom many are Fortune 500 companies, including Facebook and LinkedIn. Dubai Industrial City free zone is driven towards providing the best location and facilities to industrial companies and fostering the growth of manufacturing companies in the emirate.
Types of Licenses Available in Dubai Industrial Park
A company can opt for any of the following four business licenses according to their business activity:
Activities like buying /selling goods, storage, and other trading activities can be legally carried out by obtaining a trading license.
Firms dealing with services like accounting & auditing, consulting, management, and other professional services should have a service license to operate in the free zone.
One must have a commercial license to carry out any commercial activities.
One of the most prominent and commonly opted licenses in Dubai Industrial City is the industrial license, which authorizes the owner to carry out manufacturing activities.
Types of Legal Entities in Industrial City Dubai
The following two types of companies can be registered:
1. Free Zone Limited Liability Company (FZ-LLC)
- Shareholders can be an individual or a corporate person
- It should have at least one director
- The minimum capital requirement is AED 50,000
- It is a base for conducting activities of the parent company in another city or country
- No minimum capital is required
Zones in Industrial Park Dubai
Dubai Industrial Park provides a cluster environment for companies to penetrate different sectors of the free zone. It is divided into six main zones, making it easy for companies to finalize a location:
Zone 1: Food and Beverages
Zone 2: Transport equipment and parts
Zone 3: Machinery and Equipment
Zone 4: Mineral products
Zone 5: Healthcare
Zone 6: Medicines
Documents Required for Business Setup in Dubai Industrial City
Below are the required documents
- An application form with the business plan
- Memorandum of Association
- ID proof of the owner and shareholders
- license application form
- Passport copy of the manager, director(s), shareholder(s), and the company’s legal representative.
Steps for Business Registration in Dubai Industrial Park Free Zone
Follow the below steps to set up your dream business in the industrial-free zone of Dubai.
Contact the free zone authority and submit the application form and other relevant documents.
Send the legal documents for company registration to the business sales park personnel. In return, the authority will issue a customer confirmation letter, details of the company, office, and payment.
Sign the customer confirmation letter, send it back to the authority for review, and make the necessary payments.
After this, the department of registration and licensing in the free zone will review the documents and issue Articles of Association (AOA), Memorandum of Association (MOA), and bank introduction letters you need to sign.
Bank Account Opening
Open a bank account in the company’s name, deposit the share capital and submit the proof of letter issued by the bank to the business park personnel.
After submission, the free zone authority will prepare your business license and lease. A Certificate of Incorporation will be issued by the administration, after which the registrar will sign and seal the MOA and AOA of the company. The TECOM Leasing Department will prepare the lease agreement for the company.
Sign and Collect the Papers
The final step is to sign the lease agreement, collect the license from the authorities, and collect the keys to the office from the TECOM Security Department.
Dubai Industrial City is a cost-effective and efficient spot for business setup in Dubai for manufacturing-oriented companies. This Dubai-free zone strives toward growing investments in the Emirate's industrial sector.
Commitbiz will assist you in your business incorporation by ensuring your business registration, licensing, leasing, banking, VAT registration, visa services, taxation, and all other business formation services, and support you with smooth business incorporation.
Contact us for better assistance.
How many operational factories are there in the Industrial City?
There are more than 200 operational factories.
What business activities can be done by the manufacturing companies in Dubai Industrial Park?
The manufacturing companies in the free zone can process minerals, metals and even chemical products.
What minimum share capital is required to establish an LLC in the Industrial City free zone?
The minimum share capital required to establish a limited liability company is 300,000 AED.
What is the other name of the Dubai Industrial City?
It is also known as Dubai Industrial Park.
When was Industrial Park free zone established?
It was established in 2004.