The United Arab Emirates is one of the most developed countries in the Middle East and there are a multitude of reasons why the UAE continues to keep growing day-by-day. Modern marvel cities like Dubai stand out in the Middle East region with new-age innovation and infrastructure.
Dubai has marked itself as the top global business hub for entrepreneurs, innovators, and investors. It also tops the list of fastest-growing cities in the world. Thanks to its strategic location and state-of-the-art infrastructure, Dubai attracts the best talent from around the globe to its shores.
UAE has various strategic locations. However, the Dubai World Trade Center (DWTC) stands tall with comprehensive benefits and tactical opportunities. This blog highlights why a business should be established in the DWTC Free Zone and how it benefits its success.
Dubai World Trade Centre Free Zone (DWTC): An Overview
The Dubai World Trade Centre (DWTC) is a special economic zone known for its business-friendly environment. Based in UAE’s central business center district, it is a premium business location with the best transportation access.
The DWTC extends multiple benefits, including complete business ownership, tax rebate, and ease of business setup. These benefits make Dubai a go-to choice for global corporations aiming to thrive in an exciting business landscape.
Benefits of the Business Setup in the DWTC Free Zone
There are multiple benefits to setting up a business in the Dubai World Trade Center (DWTC) free zone.
- Taxation and Financial Advantages
Tax incentives are one of the most attractive attributes of the DWTC. The locality offers remarkable tax privileges, including 100% corporate and personal income tax exemption and customs taxes. These cost savings will enhance revenue generation.
Moreover, it permits almost full repatriation of profits and liquid funds (100%). This eases the inflow and outflow of funds and puts the business close to a multinational hub. Significantly lucrative financial advantages will start laying an inexpensive initial groundwork for high revenue generation.
- Business Control
Any foreign corporation is permitted to hold a hundred percent ownership to the extent that local sponsorship is no longer required. This grants business owners unequivocal authority over their company's operations and decision-making processes. It asserts the available autonomy in realizing initiatives without inhibition with global goals in one enterprise.
- Cutting-edge Infrastructure
The Cutting-edge infrastructure such as new offices, warehouses, and exhibition halls highlights the innovative side of the free zones. Starting your business with 100% ownership in a world-class environment enhances your venture’s reputation and elevates business growth.
- Effortless Business Setup
In the DWTC Free Zone, business setup is extremely effortless and bureaucracy-free. Importantly, it receives quick approval within the limited time frame.
- Ability to Work in Free and Mainland Zones
An outstanding feature of the DWTC Free Zone is that it enables businesses to work within the Freezone and in mainland Dubai. This approach is special because more extensive cross-border trading can be done.
- Supportive of startups and SMEs
DWTC caters to both SMEs and startups. Incubators and accelerators in the zone encourage invention and growth, which are advantageous for start-ups. Cheaper office space, closer guidance, and financing programs converge to form a conducive environment for doing business.
DWTC provides scalable solutions for SMEs to grow their businesses at their own pace. Solutions are tailored to an SME's level and for these SMEs, the strategic advantages provided by the Free Zone are vital for their financial expenses and independence.
- Employee Benefits
At Dubai World Trade Centre (DWTC), recruitment and retention of the best staff at any business is key to the organization. Staff benefits are simplified by DWTC staffing. DWTC makes visa processing a simple task for every firm to employ a talented person from anywhere in the world.
Diverse talent ensures varied and enriched experience pools for all types of companies.. These enhancements contribute toward the increase of company productivity.
A Few Suitable Businesses for DWTC Free Zones
- Consulting
- Accounting and Auditing
- Marketing and Advertising
- IT Services
- E-commerce
- Healthcare Facilities, and many more.
How to Set Up a Business in the Dubai World Trade Centre Free Zone?
Free zones are the most popular locations for new entrepreneurs in the UAE. Setting up your business in the DWTC free zone could be easier than in the mainland. Setting up businesses requires filling a lot of gaps and streamlining documentation. Choosing the right business structure to register office space, open a bank account, or obtain visas for yourself and your employees. It takes a lot of your time and effort. Markai Corporate Services helps you to thrive in UAE’s business hotspot.
Our professionals will walk you through each process, from selecting the correct license to locating the finest free zone in Dubai for your business. Let Markai Corporate Services assist you in building your road to success in one of Dubai's premier free zones.
Contact MarkAI Corporate Services, your trusted Business Setup Consultant, today! Our team of Company Setup Consultants will guide you through a smooth and seamless business setup in the UAE, ensuring you're ready to capitalize on the multiple opportunities this dynamic market has to offer.
Reach out to us at - +971 50 479 8992 or mcs-info@mark-ai.com to discover how we can help you capitalize on the multiple opportunities that the UAE has to offer.
