Dubai South a 145 square kilometre city that includes the World Expo 2020 site as well as Al Maktoum International Airport, which is projected to become the largest airport in the world. Dubai South features a mix of commercial and residential properties and is slated to have a population of one million when completed.
The entire Dubai South project was previously known as Dubai World Central. Dubai World Central continues to be the name of the Free Zone located within the Dubai South development area. Your company registered within the free zone will be designated as DWC-LLC.
Why Select Dubai South as the Destination for Your Business?
The free zone is popular with small and medium-sized companies looking to get the big business advantages of a free zone on an affordable budget. They currently offer a “Smart Desk” package which gives you 5 hours (per week) of use of their business centre as well as an allocation for two residence visas. The license allows you to engage in 5 business activities, all for a low price of AED 16,900 (per year) for the smart desk and AED 10,000 (per year) for the license fee.
The minimum capital of a DWC-LLC company is AED 300000. If the capital is AED 1000000 or more, then you will have to submit proof of capital. Otherwise, you do not have to provide a bank letter. For most business activities there is no requirement to submit a business plan.
How Do I Get Started?
The company incorporation process is relatively fast. Provided that security checks clear and the application fee and all supporting documentation are correct, the registration and licensing process take 1 to 2 weeks.
Business registration starts with a quick sign up on their website. Once you register, you receive login details to their dedicated portal. You can execute a multitude of functions from the website, however, you will need to be on site to complete the formalities.
To establish a DWC-LLC, you must submit the following documents to the free zone authority:
- Application form;
- Passport copies of any individual listed as a Shareholder, Director, General Manager and Company Secretary;
- Two copies of the Memorandum of Association and the Articles of Association of the DWC-LLC signed by all shareholders;
- The applicable fee;
- Parent company documents (if it’s a branch or subsidiary)
Speak to a Consultant
In comparison with many other free zones, the Dubai World Central authority is relatively new to the scene. The free zone is continuously working on streamlining and adjusting its policies to make them more friendly to potential clients. Nevertheless, the changes sometimes can be swift, and therefore the expertise of a seasoned consultant can come in quite handy.
Many of the free zone activities related to aviation, logistics, and cargo handling require additional approvals from UAE government bodies. Getting these approvals is not as swift as one would hope for, therefore a PRO who can go to the various ministries to obtain permits can reduce the overall timeframe to get your license.
Our consultation is free and comes with no obligation whatsoever. Contact us today on how we can assist you in launching your business in Dubai South.