DWC FREE ZONE COMPANY FORMATION

Home / Jurisdictions / Emirates Companies / DWC Free Zone Company

DWC Free Zone. Dubai World Central Free Zone

Dubai World Central Free Zone a fairly new free zone based at Dubai World Central Al Makthoum Airport Dubai. Being close to Jebel Ali Airport and JAFZA, DWC runs as an independent free zone and proposed site for EXPO 2020 Strategic location on Sheikh Zayed Road, connecting Abu Dhabi and Dubai, and in close proximity to Dubai Logistics Corridor. Quality freehold, commercial and residential property for sale or lease at competitive rates. Wide variety of quality commercial, retail, residential and industrial space offered. Comprehensive client relationship management providing a fast and efficient service for the collection and processing of all documentation and issuance of licenses.

The Cost Of DWC Free Zone Company Formation

DWC FZC:

Legal fee 2990 USD

More packages available

Request A Quotation

Request A Call Back

An Application Form

DMCC Company is an appropriate vehicle for sole proprietors, business partnerships and international business, investment and tax planning.

DWC Free Zone. Dubai World Central Free Zone (DWC) Company Formation

Main Characteristics and the basic rules of Company registration in DWC FZ

Type of Companies

DWC Free Zone Company – Type of Companies and Main Characteristics

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

Feature & Structure of FZ

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

Restrictions & Exemptions

DWC Free Zone Company – Restrictions & Exemptions

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

Confidentiality and Privacy

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

Records and Taxation

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

Facilities and Support

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.

How to Proceed

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)