DWC Free Zone Company Formation

DWC Free Zone Company – Type of Companies and Main Characteristics

1. DWC Free Zone Limited Liability Company (DWC LLC). A DWC Free Zone LLC can be formed with one or more shareholders
2. Branch

• A branch is considered a legal entity of its parent company
• An entity established outside of the DWC Free Zone can establish a branch within DWC.

Type of Licences DWC Dubai World Central Free Zone:

Type of licence depends on type of activity your business participates. Licenses for a full range of business activities:

1. Logistic district

• Logistics License
• Industrial License
• General Trading License
• Service License
• Education License

2.  Aviation District

• Industrial License
• General Trading License
• Service License
• Education License 

DWC Free Zone Company  – Feature of Dubai DWC Free Zone

• Time to form: 10-12 working days
• Personal Presence Required: Yes for bank account opening
• Place of business: Allowed to do business internationally, in the UAE, and have an office in Dubai
• Confidentiality: 100% confidentiality

DWC Free Zone Formation Structure

• Registered Office: Yes required, DWC Free Zone / Dubai World Central, Dubai.
• Directors: Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
• Number of directors needed:  The minimum number of directors is one.
• Shareholders:  FZ LLC can be formed with one or more shareholders
• Share Capital requirement:  Capital of  AED 300,000 DOES NOT HAVE to be proven
• Foreigner ownership: 100% foreign ownership
• Local sponsors requirement:  Not required
• Any restrictions on capital repatriation: 100% repatriation of capital and profits. No restriction on capital repatriation.
• Name of a Company: The name of the company may end with the word “DWC LLC”.
• Company office in UAE: Allowed to have an office in the UAE

DWC Free Zone Company shall not use restricted words in the name or trade:

• Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Global”, “International”, “Middle East”, “UAE”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-

(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;

(b) the patronage of their Highnesses the members of the Federal National Council.

• Trading Restrictions of DWC Free Zone Company:  Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted

DWC Free Zone Company – Confidentiality and Privacy

• Publicly Accessible Records (relating to company officers):  No names are disclosed
• Disclosure of Beneficial Ownership to Authorities:  No names are disclosed
• Location of Meetings of Directors and Shareholders:  Anywhere

DWC Free Zone Legislation and Government

• Government: DMCC Free Zone Authority
• Governing corporate legislation:
• Language of Corporate Documents:  English/Arabic

DWC Free Zone Company  – Books and Records

• Requirements to File Accounts: Yes
• Audit Requirements:  Audited  Accounts required to be lodged annually
• Requirement to File Annual Return:  None

DWC Free Zone Company Taxation & Fees  

• Any corporate tax:  0% corporate and personal income tax rate guaranteed for 50 years
• Any Personal Income tax:  No personal income tax
• Taxation:  0
• Double Taxation Treaty Access:  None
• Are there imports or re-exports duties: Total exemption from all import and export duties.
• Annual Renewal Fees:  Has to be paid on the anniversary of the company and every twelve (12) months thereafter

ary of the company and every twelve (12) months thereafter

DWC Free Zone Company  – Land and Facilities 

• Facilities:  Each facility is designed to meet the specific needs
• Plots of Land:  DWC provides plots of various sizes for short and long-term lease

Bank account for DWC Free Zone Company

• Business bank account: Bank account can be opened in any banks in the UAE

DWC Free Zone Visa

• Possibility to get resident or employment visas for investor:  Possibility to get resident or employment visas for investor and employees.

DWC Free Zone Currency

• Standard currency:  Dirham (AED).
• Exchange Control:  No Taxation Treaties with other countries; No requirement for exchange of information with other Tax Authorities.
• Any Currency restrictions:  No currency restrictions.

Documents Required for Dubai World Central Free Zone company formation

Individuals:

• Passport copy (visa page copy, if applicable)
• Proof of residential address (e.g. utility bill copy)
• Summary of business plan, if applicable
• If applying as a branch or a subsidiary, copies of the parent company documents to be notarised and attested
• No Objection Certificate from sponsor, if holding a valid UAE visa
• Certain business activities have additional requirements (e.g. third party approvals from regulating authorities)

• Capital: Abu Dhabi
• Political System: Democracy
• Government: Monarchy
• Governing corporate legislation: Offshore Regulations 2006
• Type of Law: Civil
• Currency: Dirham (AED)
• Exchange Control: None
• Language of Legislation and Corporate Documents: English/Arabic
• Time zone: GMT+4