The Dubai Industrial City Freezone offers an excellent opportunity for entrepreneurs like you to succeed in the industrial, manufacturing, and logistics industries. Often referred to as Dubai Industrial Park, Dubai Industrial City is one of the largest industrial hubs in Dubai.
Are you looking to establish a company in the Dubai Industrial City Freezone? Read the article to understand the details and the process of setting up a company in Dubai.
Business Structures Permitted in Dubai Industrial Park
When it comes to Dubai Industrial City company formation, there are certain business structures that can be chosen for establishing a company in the freezone. They are -
- Free Zone Limited Liability Company (FZ-LLC).
- Branch of a local or foreign company.
- Subsidiary of a company.
- Joint Venture.
Types of Licenses Available Within Dubai Industrial City
For setting up a business in the Dubai Industrial City freezone, you must avail a license based on your business activity. You can choose between having a service, trading, industrial, and commercial trade license.
What are the Benefits of Starting a Company in Dubai Industrial City
Here are some of the benefits of starting a company in the Dubai Industrial City freezone:
- Zero import duty on raw materials, equipment, and machinery needed for production.
- Close proximity to Dubai World Central and Jebel Ali Port.
- No personal income tax and corporate tax.
- Total repatriation of profits and capital.
- World-class infrastructure.
- Access to skilled labour.
- Full foreign ownership.
- Pro-business policies.
Business Activities Allowed in Dubai Industrial City
You can carry out different business activities in the Dubai Industrial City Freezone. To ease the process of selecting the right location for setting up the business, Dubai Industrial City is split into six zones based on the nature of the business. The six zones are the food and beverage zone, machinery and equipment zone, mineral products zone, chemicals zone, and base metal zone, and transport equipment and parts zone.
Documents Required for Dubai Industrial City Company Formation
You need to submit the following documents along with a filled-out application form when setting up a business in Dubai Industrial City:
- Passport copies of all shareholders.
- Memorandum of Association (MoA).
- Information about all shareholders.
- Articles of Association (AoA).
- Proof of share capital.
- Business plan.
What is the Process for Company Formation in Dubai Industrial City?
To incorporate a company in Dubai Industrial City, you must follow the steps mentioned below:
- Select a company structure for your business in Dubai Industrial City. It should be based on your business activity.
- Decide a name for your company and ensure that the chosen name follows the naming conventions of the United Arab Emirates.
- Submit the application form along with the required documents to the respective authorities.
- Pay the requisite fee and obtain the business license.
- Rent an office space in Dubai Industrial City by keeping in mind factors such as parking space, utilities, and proximity to potential clients.
- Open a corporate bank account in Dubai to handle your company’s financial transactions.
For setting up your company in Dubai, you can get access to plenty of opportunities and reap certain benefits. Experts at Commitbiz LLC have assisted many successful business people in incorporating their businesses and would love to do the same for you. Get in touch with us soon and start with the process of setting up a company in Dubai Industrial City.
What are the fees associated with setting up a company in the Dubai Industrial City Free Zone?
Fees vary depending on the type of license and business activities. Generally, they include license and visa fees, and lease costs for office space. Specific fee structures can be obtained from Dubai Industrial City authorities or experts at Commitbiz.
What kind of office space can I lease in the Dubai Industrial City Free Zone?
Dubai Industrial City offers flexible solutions, from fitted offices to warehouses and land for custom-built facilities.
Can Dubai Industrial City help with availing visas for my employees?
Dubai Industrial City cannot directly handle visas, but they can guide you. You will need to contact the Department of Economic Development (DED) for details on visa eligibility and the application process.
Are there restrictions on selling goods within the UAE?
Yes,Dubai Industrial City companies generally cannot sell directly to the UAE market. To sell locally, a local distributor must be associated with the company.
What facilities are provided in the Dubai Industrial City Freezone?
When you establish your company in Dubai Industrial City, you can use facilities such as labour accommodation, storage spaces, office spaces, warehouses and pre-existing shell companies.
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