Is it Worth to Set Up a Company in Dubai World Central (DWC)?
Do you know about Free Trade Zones (FTZ) in the UAE?
This is a perfect destination to start your own business on preferential terms.
Do you know about Free Trade Zones (FTZ) in the UAE?
This is a perfect destination to start your own business on preferential terms. The opportunity of DWC company formation was offered 13 years ago. The zone area covers 145 km2. A large number of global brands operate there. The FTZ allows them to do business more efficiently, saving on taxes and getting other benefits.
In fact, a free trade zone is a specific urban area, where a foreign entrepreneur can have 100% company ownership. Moreover, an entrepreneur can also register and open offshore company in UAE.
Commercial Features in Dubai World Central Free Zone
The Dubai World Central Free Zone has undeniable advantages compared to similar zones:
- Company registration takes 15-20 business days;
- Ability to conduct business through the Internet. Modern protection is used, including cryptography;
- Large number of licenses, which means a large selection of activities;
- Minimum capital requirements for company set-up are $82, 000. There is no need to deposit money into a bank account; it is enough to have an appropriate document;
- In Dubai World Central Business Park, you can rent offices or any type of premises for business or staff accommodation.
Once a year, an audit is required to renew a license.
Benefits of opening an offshore company
What are the benefits of offshore company in the UAE?
- High privacy. The UAE authorities are not required to provide company information even upon official requests from other countries;
- You can own 100% of company shares as a non-resident of the UAE;
- Reasonable rates for bank services and funds transfers;
- No income taxes, restrictions on profits and export of capital;
- If you wish, you can open a bank account with a high level of security;
- You can easily purchase property in the UAE;
- No financial statements required.
What is more, the time spent on setting up an offshore company is only 1 day. Contact us and see how profitable it is to work with offshore companies.
