Dubai is a city of culture, tourism, investment, and many more of such qualities. People all around the world step into Dubai to explore and experiment with their luck and destiny. Dubai freezones are currently the topmost choice of investors and entrepreneurs. Freezones are stores full of benefits and profits for domestic as well as foreign companies. Dubai South Free Zone company setup is a front runner among all Dubai free zone company setup options. It is presently one of the rapidly developing zones in the UAE.
In this blog, we will learn why setting up a company in Dubai South Freezone is a reasonable option for budding investors and establishments.
Dubai South Free zone
Dubai South Free Zone is considered the ideal destination for a wide variety of businesses. Founded in 2006, Dubai South Free Zone was formerly known as Dubai World Central (DWC). It is located near one of the largest airports in the world, Al Maktoum International Airport. It has an easy access to populated cities like main Dubai and Abu Dhabi. Dubai South Free Zone is located strategically providing wide opportunities for trading operation through air & water shipment. Moreover, it is sited in front of Expo 2020 pavilions which invites a large number of people in Dubai for business and leisure purposes.
With the given advantages, there is no doubt Dubai South Free Zone company setup would be a perfect idea to introduce a venture in UAE. The experts in Shuraa Business Setup can guide you through all the benefits and procedures of Dubai South free zone company formation.
Advantages of Dubai South Free Zone company setup
Dubai South freezone is an authorised as well as ideal place for business and residential communities. There are several advantages offered by Dubai South that makes it a preferred location for business setup.
- 100% ownership of the business
- Exemption from taxes(personal, corporate, and income)
- Easy shipment of finished goods and raw materials
- Strategic location near seaport and airport
- Easily accessible by car and the metro line
- Full repatriation of capital and profits
- Brilliant infrastructure
- Cost-effective and simple incorporation
- Accredited by Dubai government
- Proximity to Expo 2020 site
- Availability of lands & buildings for office and residential purposes
- Residential facilities available near the freezone
- Boosting opportunities with the dynamic international community
- Pro-business environment
- Versatile business space solutions
- Largest and leading global trade hub
- Easy access to visas without any security deposits
- Wide range of business activities
- Secure and regulated atmosphere for companies
You may like it: Dubai freezone company setup step by step guide
Types of licenses available in Dubai South Free Zone
- General trading license – Allows import and export of products in the UAE market through the local distributors.
- Logistic license – Allows execution of specified logistics services, such as storage, transportation, distribution, order management, inventory management, etc.
- Industrial license – To carry out specified light manufacturing activities, such as blending, mixing, purifying, repacking, or wrapping products.
- Education license – To carry out educational and social services such as educational training, and educational consultancy services.
- Trading license – Allows import and export of products specified in the license.
- Service license – Allows carrying out services specified in the license within or outside DWC.
- Aviation license – To carry out services related to aviation.
- Commercial license – Allows conducting specified commercial activities in or out of the UAE through the local distributors.
Business activities permitted in Dubai South Free Zone
Dubai South allows an array of business activities to be conducted in the free zone.
- E-commerce
- Manufacturing
- Commercial
- Service/consulting
- Freelance
Companies with valid business licenses can perform various activities within these groups. For example, logistics, aviation, transportation, storage, IT consultancy, marketing, food, and beverage trading, hospitality services, educational services, etc.
Dubai South offers multiple opportunities to multi-national companies, entrepreneurs, and SMEs to grow. DWC authorities provide them with business-friendly facilities and regulations to boost their business within the UAE.
Process of Dubai South Free Zone company setup
Dubai South Free Zone company formation is quite affordable and time-saving. However, it demands the physical presence of the owner during the incorporation process for signature verification.
The registration process for company formation in DWC include below steps:
- Initial approval from the authorities
- Signature verification of the business owner
- Signing the lease agreement
- Payment of registration
- License acquisition
The basic documents required for the registration process includes:
- Copy of passport of owner/shareholders
- Residential proof
- Contact details(Telephone and Email)
- Business plan
- Trade name certificate
All the foreign documents must be notarised and duly attested by the UAE embassy and the Ministry of Foreign Affairs.
An added advantage of establishing a business in the Dubai South free zone is the facility of amendments provided by the freezone authorities after the registration of the company. There is a wide list of possible amendments provided by the DWC officials. For instance, name change(trade name, shareholder name), change in the managerial department of the company, change in existing business activity or upgrade in facilities.
Renewal of Dubai South Free Zone License
The process of renewal of business license in Dubai South free zone is simple. Also, the payment required for renewal is less than incorporation.
For renewing the license, you need to submit an audit report of the company on an annual basis. Thenceforth, pay the required fee and submit the signed lease agreement for reference.
Similarly, for the liquidation process, you need to pay a fee specified by the government. The liquidation process can be completed within one month. This can be done only after the cancellation of visas and lease agreement, closure of bank account and other pending dues.
Unlike the company registration process, the presence of the owner in the UAE is not required during the renewal and the liquidation process. It can be accomplished with the help of a local agent.
Conclusion
Companies that wish to launch themselves in Dubai at a reasonable budget can pick Dubai south freezone as their workplace. With the unending advantages, Dubai South allows companies to take a wide step into the UAE market and mark themselves as a brand.
The easy access to Jebel Ali Seaport and Al Maktoum International Airport enhances international trading and networking among foreign corporations and traders. The complementary arrangement of pre-built office spaces, Flexi desks, corporate buildings, residential plots, storage units, etc. comes as an added benefit for the investors. The Dubai South Free Zone serves as the strategic business hub in the UAE for the growth of trade, aviation, logistics, and other additional businesses.
If you are planning to launch your business in Dubai South Free Zone, Shuraa Business Setup experts will provide full support in choosing the right corporate structure and business activities. Our professionals also ensure a hassle-free administration and a smooth licensing process in compliance with UAE laws.
Let us guide you through each step of your entrepreneurial journey with regards to Dubai South Free Zone company formation or any other location in the UAE. Call us at +97144081900 or drop a WhatsApp message on +971507775554. For email assistance, mail your query at info@shuraa.com.
