The Middle East has become a huge hub for businesses, and the Dubai World Trade Centre has had a critical role to play in the development of the region. The importance of the Dubai World Trade Centre can be gauged by the fact that the image of the skyscraper can be seen on the Hundred Dhiram banknote. DWTC free zone was established as a part of a series of a decree which was issued by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Prime Minister and Vice President of the UAE and the Ruler of Dubai.
One of the most attention-grabbing features of the free zone is the towering skyscraper which is a multipurpose complex with over 1.3 million sq. Feet of exhibition and event space. As this free zone is situated at the heart of Dubai businesses from all over the world host the exhibitions on a global scale. The various services provided by the free zone will help a business to create strong and persuasive business ties and better foreign connections which will help uplift a business. The free zone will act as a springboard for new businesses in the region.
The Dubai World Trade Free zone will be regulated by the Dubai World Trade Centre Authority (DWTCA) and Shaikh Hamdan Bin Rashid Al Maktoum, who is the Minister of Finance and the Deputy Ruler of Dubai, has been appointed as the Chairman of the DWTCA. The various facilities offered by the free zone will help the businesses establish, develop, and manage themselves and will help them in attaining their goals and targets in a comfortable and simplified manner. The presence of affordable and seamless operations along with flexible management makes this free zone one of the most coveted places to set up a business.
Products/Services Offered
The Dubai World Trade Centre Free zone offers four services to a business which will help them to grow and achieve the maximum potential. These services include:
1.Office Space
The Dubai World Trade Centre Free zone provides the option of choosing between five different types of office space for a business. The offerings include:
●Hot Desk
A hot desk is a shared office space that will range from 100 sq. Ft. to 250 sq. ft. This type of office space is best suitable for start-ups and freelancers.
●Executive Office
Such offices are furnished and consist of an executive desk, a chair, a storage cabinet, and a pedestal. The size of the office can range from 100 sq. Ft. to 250 sq. ft.
●Flexible and Standard Office
These consist of ready to move in office spaces and have access to a conference room and premium amenities for the employees.
●Shell and Core offices in One Central
The shell office is used when the construction of the office space is complete, but the interiors have not been fully furnished. In contrast, a core office is an office space that has a minimally furnished interior.
●Serviced Business Centres in One Central
This is an office space that is fully managed by a third party or the office provider. Such spaces are fully furnished and also have dedicated human resources to provide essential services.
2.Registration Services
The management of the free zone will provide assistance to the businesses in the formation of a company. The services will include the Attestation of Documents, making amendments to the registrations, and recording any change in the ownership.
3.License Services
The management team will assist the business in the issuance, amendment, and renewal of the relevant license.
4.Immigration Services
Immigration services include any form of service which will help the business in any form of immigration matters. It will consist of services like Medical examination, residence visa, issuance of a visit visa, etc.
5.General Administrative Services
General administration services can be a lifesaver for the budding business. These services will assist a business in completing their day to day activities.
Types of Businesses Available
- Free Zone Company (FZCO)
- Free Zone Establishment (FZE)
- Foreign Branch
- UAE Branch
Dubai World Trade Centre Approved Auditor
A business that has been established in a free zone cannot be audited by a firm that has not been approved by the management of the free zone. This means that a business may not employ the services of a firm that is established in the mainland and is not approved by the free zone authority.
If you are looking for such a firm in the United Arab Emirates, then you must have a look at the services of JAXA Chartered Accountants. JAXA will understand the business and accordingly provide you with the services which are required by the business. We will also take care of the financial aspect of the business and provide timely and accurate suggestions for the bright future of the business.
JAXA Chartered Accountants will also take care of all the compliance requirements which have been set by the government of the United Arab Emirates.