Dubai South, also known as Dubai World Central or DWC, welcomes a wide range of activities including speciality retail and logistics activities. The strategic location of Dubai South Free Zone is its biggest selling point - it is straightly connected to the Jebel Ali Port and Al Maktoum International Airport, making it a perfect business hub for international travel, trade and logistics.
It is also the venue for the ongoing Expo 2020, an event that is expected to attract 25 million visitors to the UAE and 1 million residents in Southern Dubai. It is the gateway to dynamic markets in the Middle East, Africa and South Asia - a region with an estimated GDP of $12.8 trillion by 2022-23. With such huge advantages, it can be said that the DSFZ is one of the most sought after free zones by investors to start their businesses.
Here are some of the best available options for entrepreneurs and foreign investors:
The types of licenses available for foreign investors and entrepreneurs in the Dubai South Free Zone are as follows:
This industrial license must be obtained to carry out production activities in this free zone.
Logistics licenses are granted to companies for transportation activities in DWC
A general trading license is required to import, export, distribute, store or sell certain products in the UAE market. The General Trade License allows its holder to trade goods, with exceptions prohibited by law, within and outside the United Arab Emirates.
A service license entitles the holder to provide an officially designated service within a free zone.
The educational licenses must be obtained for educational and social services, training and counselling services.
Dubai South Zone is one of the most cost-effective options to start your business in the UAE and internationally while enjoying the benefits of economic growth. The procedure is the same as for other free zones, but the documentation process is different and more efficient.
The process of starting a business in the Dubai South Free Zone is discussed below:
You have to get an application form from the authorities in the free zone or fill it out online. After that, you have to submit all the required documents as indicated in the form.
The company name must indicate the business activity in question and must not be the same as another existing trade name. A Certificate of No Objection (NOC) must also be obtained for activities that require external approval.
Once the documents are approved, register your company properly on the portal and you will receive an invoice with any fees that may need to be paid. Pay the fee at the counter and wait for the license.
Sign the approval form and collect all documents and licenses. If you rent an office, take the lease agreement also.
The documents you need for setting up different types of businesses in DSFZ (Dubai South Free Zone) are as follows:
If you are thinking of starting or expanding your business in UAE, Dubai South Free Zone is the way to go. To do this, you may need a consultant who has a broad understanding of Dubai company formation services. If you are looking for a consultant, we at MAD Middle East offer the answer not only to your question "How to start a business in Dubai?" but also to make it happen. Our employees research your needs and take care of your needs. We also offer services that can help you grow your business. We skillfully handle all the requirements for setting up your company so you can concentrate on growing your company! Contact us today for business setup services in Dubai South Free Zone.