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Succession planning in United Arab Emirates (“UAE”) for non-Muslim resident and foreign investors: how to protect your assets located in Dubai and in Ras Al-Khaimah?[..]
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]DUBAI WORLD CENTRAL (DWC)
Our Commitment
- Your Company in Dubai World Central formed within 12 working days *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members
- Setting up your company with a bank account including eBanking and debit card
Dubai World Central Company Main Characteristics:
| Company type | Free Zone Company |
| Governing corporate legislation | Dubai Aviation City Corporation |
| Information published relating to company officers | Company director names are not disclosed |
| Confidentiality | Complete confidentiality |
| Accounting requirement | Mandatory accounts and auditing |
| Taxation | No corporate or personal taxation |
| Legislation | Dubai World Central Free Zone |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 12 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Not needed |
| Residence visa issuance | Residence Visa issuance is possible |
| Number of directors needed | A minimum of one director |
Type of License:
- Logistics Licence
This license will allow specified logistics services (e.g. storage, transportation, distribution, sorting, forwarding and clearing activities, order management, inventory management etc.)
- Trade Licence:
The import/export and distribution of specifically mentioned products can be undertaken with this license.
- Industrial Licence:
Will allow the operation of light manufacturing activity (e.g. blending, mixing, purifying, assembling forming, repacking, or wrapping of products) by utilising hand labour or quiet machinery in a manner which does not produce smoke, gas fumes, heat, light or any other undesirable by products. Please note that Industrial Licences will not be issued without proof that an Environmental Impact surveys and studies have been done comprehensively.
- Trading Licence:
This will allow for the import / exporting, distributing and storage of items specified in their particular licence.
- Service Licence:
This permits the carrying out of services specified in the licence in question but only within the DWC Free Zone and it is only permissible elsewhere in the UAE through the obtaining of additional local licenses in certain jurisdictions. Such licenses are issued to Free Zone Enterprises supporting the logistics industry and will include services such as consulting and training or any other related activity.
Information concerning Dubai World Central
The Dubai World Central is comprised of eight districts: logistics, aviation (incuding Al Maktoum International Airport), humanitarian, residential, commercial, leisure, exhibition and commercial. Dubai Logistics City and Aviation City is concerned for the purpose of company formations. The licenses that can be obtained in both these free zones are identical, save that businesses registering must be relevant to the free zone in question.
* Please refer to our Terms & Conditions
