One of the most prominent free zones in Dubai, it is an ideal destination for investors and businessmen looking to establish their companies in a thriving business environment with modern facilities. This free zone is strategically located near Al Maktoum International Airport, making it an ideal starting point for businesses seeking to reach the Middle East and global markets. Setting up a company in Dubai World Central offers many advantages that attract international investors, including an integrated environment and advanced logistical facilities.

Dubai World Central offers a wide range of investment incentives, such as full corporate and profit tax exemptions, and 100% foreign ownership, which enhances the chances of success and growth. The free zone also provides advanced infrastructure including advanced commercial centers, logistics facilities, and warehousing areas, which contribute to facilitating business operations and supply chain management.

Furthermore, Dubai World Central offers a dynamic business environment that supports innovation and expansion, where investors can benefit from a wide network of global companies and suppliers. Continued government support and flexible regulations facilitate the establishment and operation procedures, making Dubai World Central an attractive destination for establishing new companies.

In this article, we will review in detail the steps and procedures for establishing a company in Dubai World Central, reviewing the challenges and opportunities that this free zone offers to foreign investors, and how investors can make the most of this advanced business environment.

 

Company formation in Dubai World Central

One of the most prominent advantages is the objectivity of the costs and expenses of registering a company.

• Location specificity: The Free Zone – Business Park is part of Dubai World Central, which is part of Al Maktoum Airport. It is about 40 minutes drive from the heart of Dubai, from Dubai Airport.
• International about 50 minutes and Jebel Ali Free Zone 20 minutes
• Ease of recruitment and operation as it is located in the heart of Dubai city
• It is connected to a transportation network and train lines.
• No restrictions on hiring and employing foreigners
• No restrictions on paying salaries and wages to foreign workers and employees
• No restrictions on transferring funds to and from the company account
• No restrictions on transferring employees’ wages and salaries outside the free zone or to their countries
• No taxes on wages or salaries
• No export taxes
• No import duties
• The company is 100% owned by its owners.
• Freedom to sell the company
• Freedom for the company to own a property within the free zone
• Providing housing for employees and workers
• Owning cars, equipment and means of transportation
• Issuing work permits for workers and employees
• Issuing a residence permit for workers or employees
• Issuance of residence permit for employees’ families
• Enrolling children of employees in schools and universities in Dubai
• Providing medical services from international and local providers in Dubai.
• Providing health insurance services from international and local providers in Dubai.

Steps to establish a company in the World Central Free Zone

Establishing a company in a free zone like World Central follows specific procedures that are slightly different from establishing companies in other zones. Here are the general steps to establish a company in a free zone like World Central:

1. Choose the type of company: Select the type of company you want to establish, such as a limited company, a sole proprietorship, or a partnership.
2. Choose your business: Select your business and ensure it complies with World Central laws.
3. Choosing a trade name: Choose a unique name and ensure that it complies with World Central’s commercial registry regulations.
4. Submitting the application: Submit the application for company incorporation to the relevant authorities at World Central.
5. Determine the company structure: Determine the company structure, including shareholders, directors and their ownership interests.
6. Define responsibilities: Define the legal responsibilities of shareholders, directors, and legal officers.
7. Licenses and Permits: Obtain the necessary licenses and permits to operate your business in World Central.
8. Open a bank account: Open a bank account for the company in one of the banks approved by World Central.
9. Visa Securities: Arrange necessary visas for expatriate and resident employees.
10. Compliance with Laws: Ensure compliance with all local laws and regulations in World Central and compliance with taxes and social insurances.

Types of companies that can be established in Dubai World Central

In Dubai World Central, several types of companies can be established according to local legislation. Among the main types that can be established in this free zone are:

1. Limited Liability Company (LLC): A company consisting of partners who contribute capital and whose liability is limited to the amount of capital contributed.
2. Sole Proprietorship: A company run by one person who is responsible for all obligations and debts.
3. Joint Stock Limited Liability Company (PJSC): A company whose capital is divided into shares of shareholders who bear limited liability.
4. Private Joint Stock Company: A company established by contract with a specific number of shares and shareholders.
5. Public Joint Stock Company: A company whose shares can be purchased by the public through the stock exchange.
6. Sole Proprietorship Limited Liability Company: A company managed by only one person and whose liability is limited to the capital contributed.
7. Holding Company: A company that owns and operates interests in other companies.
8. Branch of a Foreign Company: A branch of a foreign company operating in Dubai World Central.

Cost of setting up a company in Dubai World Central

Setting up a company in Dubai World Central requires understanding a range of factors that affect costs, which vary depending on the type of company and its specific needs. In general, the main costs include the following:

• Licensing fees: These include fees for issuing commercial licenses, which vary depending on the type of business and legal requirements.
• Office Rent: Depends on the size of the office and its location within Dubai World Central. The rent includes the office space rental costs which may vary based on the size and amenities.
• Registration fees: Includes costs associated with registering a company, including filing applications and notarizing documents.
• Legal and advisory services: These costs include any legal or advisory services the company may need to assist it in completing legal procedures and organizing documents.
• Insurance: Businesses need to have various insurances such as health insurance for employees and other business related insurances.
• Additional Documents: Includes costs associated with preparing and documenting necessary documents such as business plans, lease agreements, and other documents.

At the end of our article on establishing a company in the Dubai World Central Free Zone, we find that this area is one of the most prominent investment destinations in Dubai. Thanks to its strategic location near Dubai International Airport and advanced infrastructure, Dubai World Central provides an ideal environment for ambitious companies seeking to achieve growth and innovation.

Dubai World Central Free Zone is an attractive option due to its many advantages, such as full tax exemptions on income and profits, the ability to own a company by 100% foreign investors, in addition to the ease of company formation procedures. The free zone also provides distinguished services including modern facilities, integrated logistics services, and customs facilities that contribute to enhancing the efficiency of businesses.

The commitment to facilitation policies and reforms implemented by Dubai World Central reflects its strong support for trade and investment growth. By offering a flexible business environment and stimulating laws, the free zone opens wide doors for investors to expand their businesses and explore new opportunities.

Top Frequently Asked Questions About Starting a Company in Dubai World Central