Dubai World Trade Center Free Zone (DWTC)
The Dubai World Trade Centre (DWTC) Free Zone, inaugurated in 2016, is one of the most recent additions to Dubai’s portfolio of affordable free zones. Nestled within the heart of Dubai’s commercial hub, it presents an exceptional environment that is not only perfect for startups and SMEs aspiring to expand locally but also those seeking to tap into regional and global markets.
Strategically situated within the esteemed World Trade Center area, this bustling hub is frequently host to a wide array of exhibitions, offering a constant stream of networking and business opportunities. It further extends its offerings with a diverse range of office spaces, open for lease to businesses from any sector in pursuit of a prestigious commercial address.
Managed by the DWTC Authority, the free zone encompasses an expansive area that begins at the iconic Sheikh Rashid Tower, known historically as the Trade Centre Tower, and extends all the way to the Dubai International Convention and Exhibition Centre and One Central, the latest commercial development within the DWTC.
In terms of accessibility, the location excels with the Dubai International Airport just a 10-minute drive away and a plethora of hotels and banks within convenient walking distance. These factors collectively enhance the attractiveness of this vibrant and dynamic free zone, making it a coveted location for businesses.
CONVENTIONAL OFFICES, EXECUTIVE OFFICES AND FLEXI-DESKS
The Dubai World Trade Centre (DWTC) Free Zone provides clients with access to conventional (standard) offices, executive offices and flexible workspace solutions housed within the historic Sheikh Rashid Tower. This tower, as Dubai’s first skyscraper constructed in 1979, is a landmark in itself and is home to the Dubai Financial Market.
The flexible workspaces or ‘flexi-desks’ are readily available, offering the versatility that today’s businesses require. However, due to exceedingly high demand, the availability of office spaces may vary and are allocated on a first-come, first-serve basis.
Beyond its own premises, the free zone extends its offerings by allowing clients to rent workspaces at one of the business centers in the One Central Development. This development, also situated within the World Trade Center, is renowned as one of Dubai’s most dynamic and fashionable business destinations.
DWTC BUSINESS ACTIVITIES
The Dubai World Trade Centre (DWTC) Free Zone accommodates a range of business activities across the following categories:
A unique feature of this Free Zone is the allowance of multiple activities under a single license — you can incorporate up to 10 or even more, provided they belong to the same category.
However, it’s important to note that the DWTC Free Zone does not cater to industrial activities. If your business operations align with the industrial sector, the Ras Al Khaimah Economic Zone (RAKEZ) Free Zone could be a more suitable option to explore.
The Dubai World Trade Center Free Zone offers three types of licenses for businesses of all sizes:
1. Commercial licenses (with and without General Trading Activity)
These licenses allow businesses to import and export goods, as well as to distribute and sell goods.
2. Professional licenses
They allow businesses to provide professional services, such as accounting, legal, and consulting services.
3. Events management licenses
This type of license allows businesses to organize and manage events, such as conferences, exhibitions, and trade shows.
4. E-Commerce licenses
E-Commerce licenses allow businesses to engage in buying and selling of goods or services over the internet.
DWTC COMPANY REGISTRATION
Company setup in this free zone usually takes about 2 weeks. It can be done by business consultants in Dubai. Your presence will be required only once for signature verification.
You will need to provide the following documents:
- Passport copy
- CV with your professional background
- Short business plan describing your activity
Upon company registration, you will receive:
- Certificate of registration
- Memorandum of Association
The Dubai World Trade Centre (DWTC) Free Zone stands out as an excellent choice for establishing a business in Dubai, offering reasonable fees and a wealth of advantages.
This Free Zone is often the preferred choice for individuals from certain “high-risk” nationalities, as it offers the prospect of obtaining a resident visa based on pre-approval. The pre-approval process is free of charge, making it a risk-free opportunity for all applicants.
Another significant benefit of the DWTC Free Zone is its flexibility with business office spaces. Regardless of your specific needs, you are bound to find a suitable location either within the Free Zone itself or at one of the business centers in the vicinity.
Should you require alternative solutions, the Dubai Multi Commodities Centre (DMCC) Free Zone and Dubai South Free Zone are viable options worth considering.