A Look at the Dubai World Trade Centre Free Zone

The Dubai World Trade Centre (DWTC) Free Zone, which opened in 2016, is one of the newest and most cheap free zones in Dubai. It is right in the middle of Dubai’s business district, making it an ideal place for startups and small businesses that want to grow locally as well as those that want to reach regional and global markets.

This busy hub is located in the highly-regarded World Trade Centre area. It is often the site of a wide range of shows, which provide a steady stream of chances to network and do business. It adds to what it has to offer by renting out a variety of office spaces to companies from any industry that want a prestigious business address.

The DWTC Authority runs the free zone, which covers a large area that starts at the famous Sheikh Rashid Tower, which used to be called the Trade Centre Tower, and goes all the way to the Dubai International Convention and Exhibition Centre and One Central, the DWTC’s newest commercial building.

The site is great for ease of access, with the Dubai International Airport only a 10-minute drive away and many hotels and banks within easy walking distance. Because of these things, this lively and busy free zone is more appealing, and businesses want to set up shop there.

Flexi-desks, luxury offices, and conventional offices

The Dubai World Trade Centre (DWTC) Free Zone has standard offices, executive offices, and flexible workplace options for clients. These are located in the historic Sheikh Rashid Tower. As Dubai’s first skyscraper, built in 1979, this tower is an icon in and of itself. It is also home to the Dubai Financial Market.

Flexible offices, also known as “flexi-desks,” are easy to find and give businesses the flexibility they need. But because there is so much demand, office places may not always be available and are given out on a first-come, first-served basis.

In addition to its own room, the free zone lets customers rent office space at one of the business centers in the One Central Development. This building, which is also in the World Trade Centre, is known as one of the most exciting and stylish places to do business in Dubai.

Business activities at DWTC

The Dubai World Trade Centre (DWTC) Free Zone is a place where many types of business can happen, including:

  • Trading 
  • Services
  • Consultancy

One special thing about this Free Zone is that you can do more than one activity with the same license. You can do up to 10 activities, as long as they are all in the same category.

Types of  DWTC licenses

There are three types of licenses that businesses of all kinds can get in the Dubai World Trade Centre Free Zone:

1. Licenses for business (with or without general trading activity)

With these licenses, companies can bring things into and out of the country, as well as distribute and sell them.

2. Licenses for professionals

They make it possible for companies to offer skilled services like accounting, law, and consulting.

3. Licenses for event management

With this kind of license, companies can plan and run events like trade shows, conferences, and exhibitions.

4. Licenses for online commerce

Businesses can buy and sell things and services over the internet with the help of e-commerce licenses.

Costs of registering a business

With three different options, the Dubai World Trade Centre (DWTC) Free Zone is one of the most cost-effective and low-cost free zones in Dubai. To get the quote, connect with our experts at Betterway consultancy.

Registering a DWTC business

It usually takes about two weeks to set up a business in this free zone. Business experts in Dubai can do it. You will only have to be there once to verify your name.

The following papers will need to be turned in:

  • Copy of your passport
  • CV that lists your employment history
  • A short business plan that explains what you’ll be doing

After setting up your business, you will get:

  • Registration Certificate, 
  • License, And 
  • A Memorandum Of Association

If you need any extra papers, like a Certificate of Incumbency or a Certificate of Good Standing, you will be charged an extra 3,000 AED for each one.

Expert advice on setting up a business

It is clear that the Dubai World Trade Centre (DWTC) Free Zone is the best place to start a business in Dubai. It has low costs and many benefits.

People from certain “high-risk” countries often choose this Free Zone because it gives them the chance to get a resident visa based on pre-approval. Everyone who applies can do the pre-approval process for free, so there is no risk for anyone.

One of the best things about the DWTC Free Zone is that it offers a variety of business office places. There is sure to be a place that works for you either in the Free Zone or at one of the nearby business centers, no matter what your needs are.