Dubai World Trade Centre
A Free Zone in Dubai’s Central Business District Beginning with the landmark Sheikh Rashid Tower in 1979, Dubai World Trade Centre (DWTC) has been an integral part of Dubai’s economic diversification.
With the establishment of the Dubai International Convention and Exhibition Centre, the city became home to the region’s nexus of high-profile events, exhibitions and MICE tourism. As the largest venue in the Middle East, the centre welcomes more the 3 million visitors from 160 global markets every year. The latest edition to DWTC is One Central, a new masterplanned development of premium commercial offices, hotels, residential towers and entertainment spaces.
DWTC has become a proven platform for international and regional businesses to expand across the Middle East and beyond. Following the decree in 2015 establishing the Dubai World Trade Centre Authority, the campus is now a “new” free zone in the heart of Dubai’s central business district where the major economic and governmental areas like Dubai International Financial Centre, Emirates Towers and Downtown Dubai are located. In step with DWTC’s overall commitment to growing industry sectors, the free zone regulated by the DWTC Authority provides an ideal environment for leading companies and is open to businesses across a multitude of industry sectors that require world-class commercial offices, a business-
friendly and enabling destination.
The DWTC Authority understand the needs of modern-day corporations and businesses and has adopted the best policies and practices of implementing free zone services, offering a one-on- one personalised approach to free zone licencing and procedures inclusive of:
- 100% Foreign Ownership
- 100% Repatriation of Capital
- Zero Income Tax for 50 Years and renewable
- No Export Tax
- No restrictions on hiring foreign employees
- No restraints over capital nationality
- Freedom to initiate multiple options or legal operating structures
The DWTC Authority offers exclusive incentives for branches and new companies who
wish to establish themselves in a free zone. Business Operating Permits are also
available for existing onshore companies looking to relocate to the DWTC free zone.
Various types of companies can be formed, namely:
- Free Zone Establishment (FZE)
- Free Zone Company (FZCO)
- A Branch of an L.L.C. (covers all Limited Liability Companies in the UAE)
- A Branch of a Foreign Company
The DWTC Authority issues licences under the following broad categories:
Commercial Licence - Carrying out commercial activities limited to those specified in the licence, which allow the import, export, sale, distribution and storage of items permissible with the licence.
General Trading Licence - Carrying out commercial activities across an unrestricted range of activities, products and/or items using this licence, and as such allows for the holder to import, export, sell, distribute and/or store all such categories under this licence.
Professional Licence - Carrying out the services specified in the licence with the Free Zone and elsewhere in the UAE (subject to local licences and permits that may be required in other jurisdictions). These include services such as advisory, general consulting, software implementation, training, human resource services and other services.
Event Management Licence - Organising of Meetings, Incentives, Conferences and Exhibitions (MICE) as well as any business and leisure events and the provision of all related goods and services being hosted by an organiser.
Business Operating Permits - One of DWTC Authority’s unique selling points is the option for locally licenced onshore entities to either relocate or obtain a lease within the Free Zone. This is achieved through the issuing if a Business Operating Permit to entities already licenced by the Dubai Department of Economic Development that want to obtain a lease and operate in the Free Zone.