Trade Centre (“DWTC“) and the “DWTC
Authority” were established under Dubai Law No. 9 of 2015. DWTC’s stated
objective is to provide services in the form of conferences and exhibitions as
well as world-class hospitality and facilities management in a wide selection
of venues. Schlumberger was the first company to be licensed under the new free
zone, acquiring 5,762 square meters in the office building in Dubai Trade
Centre District (“DTCD“). The DWTC Free Zone offers a
lot of advantages for business willing to tap from its world-class facilities.
Just like every freezone, the DWTC offers the usual freezone advantages, but to
further expansiate on these, here are some other benefits below.
setting up a company in DWTC
Physical office space not required
No auditing or book-keeping requirement
Easy registration and setup procedure
Flexi-desk with visa option: With DWTCs
flexi desk option, you can apply for multiple visas and utilize the opportunity
to sponsor employees and dependants.
NOC not required from local sponsor:A
willing entrepreneur can set up business in DWTC without getting an NOC from
the sponsor if still employed. This allows for freedom of company ownership as
a side business while employed under a sponsor.
Multiple Shareholders: DWTC allows
multiple shareholders to set up a business as a corporate entity. This ranges
from individuals to corporate organizations or a combination of the two.
Location: DWTC is strategically located
closely to the dynamic Dubai Metro and bears a close proximity with the Al
Maktoum International Airport. The Dubai International Convention and
Exhibition Centre making DWTC the perfect home for entrepreneurs looking to
network, collaborate and engage with likeminded professionals from around the
world. What’s more, DWTC is next door to the DIFC and offers businesses the opportunity
to have a prestigious office without the exorbitant costs usually associated
with the area.
Types of entities and
FZEs: A single shareholder establishment
is permitted in DWTC
FZCOs: Multiple shareholders are also
permitted to get a license in DWTC
List of activities
available for companies includes but not limited to:
Largely, the DWTC
will stay within the ambit of the Dubai Economic Development’s activity list
for the permitted licensed activities under the mentioned three categories.
DWTC’s Fee Structure
Licence with Office Space (FZE)
Licence with Office Space (FZCO)
Licence with Office Space (BRANCH)
Legal Maxims Consultants has a team of experts committed to
providing out of the box consultancy, support and management services to
investors interested in a new company formation in DWTC or any of the
Free Zones in the UAE.
Our service charge is arguably the
cheapest in the whole of UAE. Contact
Us for a free consultation and a free quote today.