DWC FREE ZONE COMPANY FORMATION, DUBAI BANK ACCOUNTS AND VISAS
DWC Free Zone – DWC Dubai. DWC Company Formation.
KGN Services specializes in DWC Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.
DWC Free Zone – General Information
Emirate: Ajman.
Country: UAE.
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).
DWC Free Zone – Dubai World Central Free Zone – Overview
Dubai is a vital connection point between East and West. DWC Free Zone further cements Dubai’s leading position as a logistics and trade hub. It takes advantage of Jebel Ali Port (the largest container port between Singapore and Rotterdam) and seamlessly connects it to Al Maktoum International Airport through the dedicated Dubai Logistics Corridor. This forms a single custom-bonded zone, reducing time on the ground and accelerating the flow of sea-to-air/ air-to-sea cargo. With direct access to the major trans-emirate road networks, DWC Free Zone is a true multimodal logistics platform providing unprecedented levels of connectivity, speed and efficiency.
Welcomed business activities
All business activities are welcomed by the DWC Free Zone.
Key Benefits of setting up a company in DWC Dubai
- Allowed to do business in the UAE
- Allowed to have an office in the UAE
- Ajman Company can hold an account in a bank in the UAE
- Possibility to get resident or employment visas for investor and employees
- 100% foreign ownership
- 100% repatriation of capital and profits
- No corporate tax
- Total exemption from all import and export duties
- No personal income tax
- One or more shareholders
- Unique industry clustering and purpose-built infrastructure
- Secure, regulated environment, licensing a full range of business activities
- 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
Business Types in the DWC Free Zone
The DWC Free Zone Authority allows two types of business setups:
DWC Free Zone Limited Liability Company (DWC LLC)
A DWC Free Zone Limited Liability Company can be formed with one or more shareholders.The minimum number of directors is one. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
For existing companies wishing to establish a base in the DWC Free Zone.
Types of Licence in the DWC Free Zone
The categories of licence available within the DWC Free Zone are:
Commercial Licence – allows the holder to carry out specified commercial services including general trading and logistics services.
Service Licence – allows the holder to carry out services specified in the Licence within the DWC Free Zone and elsewhere in the UAE.
Industrial Licence – allows the holder to carry out specified light manufacturing activities.
Education Licence – allows the holder to carry out educational and social services, educational aid training, and educational consultancy services.
Required Documents for Dubai World Central Free Zone Company Setup
Legal Documents required for DWC LLC (Individual Shareholders)
1. Passport copy of Shareholder(s) / Director(s) / Secretary & GM
Legal Documents required for DWC LLC (Corporate Shareholders
1. Foreign language documents translated to English/Arabic should be done by legal translators, notarized and attested
2. Certificate of Incorporation (Certified True Copy)
3. Board Resolution to establish company (Simply signed)
4. Board Resolution giving Signatory authority or Power of Attorney for 3rd Party (simply signed, attested & legalized)
5. Certificate of Good standing or Valid Trade license copy
6. Memorandum & Articles of Association
7. Passport copy of Director / Secretary / Manager
Legal Documents required for Branch of a foreign / UAE company
1. Foreign language documents translated to English/Arabic should be done by legal translators, notarized and attested
2. Certificate of Incorporation (Certified True Copy)
3. Memorandum & Articles of Association of Parent company (Certified True Copy)
4. Board Resolution to establish a branch (Simply signed)
5. Board Resolution giving Signatory authority or Power of Attorney for 3rd Party (simply signed, attested & legalized)
6. Certificate of Good standing or Valid Trade license (copy)
7. Passport copy of the General Manager
* DWC Free Zone reserves the right to obtain additional documents if required.
DWC Free Zone Facilities
Business Center Offices
- Smart Desk
- Permanent Smart Desk
- Smart Office
- Permanent Smart Office
- Permanent Exclusive Office
Business Park Offices
- Fitted-out Offices (from 40 sqmt and above)
- Shell & Core Offices (from 120 sqmt and above)
Calculating Your New DWC Free Zone Company
This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a new company registration in the DWC Free Zone:
1.Type of License
Each activity of a company falls under a specific License Type. Below is an overview of the basic expenses associated with a new company registration in the DWC Free Zone:
Calculating Your New Company in the Ajman Free Zone
This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a new business formation in the AFZ:
1.Type of License
Each activity of a company falls under a specific License Type. Below is an overview of the basic expenses associated with a new company registration in the DWC Free Zone:
Cost pertains to license fee only.
2. Type of Office Facilities
Every entity registered and licensed in the DWC Free Zone is required to rent an office. Number of visas you are eligible for depend on the office’s size. Consultancy/Service and Trading/Commercial License companies can benefit from a variety of facilities offered by the DWC Free Zone. Minimum office requirement for a General Trading License is Permanent Smart Office.
Business Center Offices
3. Other Documents
Establishment Card is a mandatory document to enable the company register in the Residency Department. If a company would like to appoint a PRO to be represented for visa purposes in DWC Free Zone, a Power of Attorney signed either by Manager or Shareholder is required.
- Operational Fitness Certificate: AED 610
- Power of Attorney: AED 1100
4. Visa Application
Cost of each visa may differ depending on the visa type and whether the person in currently in or out of the UAE. Visa deposit is not required in the DWC Free Zone. Employment visa for employees and investors is valid for 3 years.
- Outside The Country Application: AED 2,500
- Inside The Country Application: AED 3,500
- Medical Test And Emirates ID: AED 1,120
5. WIS DWC Free Zone Service Packages
Three packages are available for clients’ choice depending on individual needs.
DWC Free Zone Packages – Compare Package Features
Need Help Choosing the Right Package?
Why Choose KGN Services?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services in the DWC Dubai
KGN Services provides the following services in the DWC Free Zone:
- DWC Free Zone Company Formation
- Investor & Employment Visas
- Full Company Administration & Secretarial Services
- Opening of Bank Accounts
Interested in Dubai DWC Business Setup?
KGN Services | DWC Company Formation
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Requirement to File Annual Return
