Dubai South (Dubai World Central)
Dubai South Authority, Dubai
Description
Established in 2006, Dubai South, formerly known as Dubai World Central (DWC), is a master-planned city in Dubai, UAE, spanning 145 square kilometers. Designed as an economic zone, it supports various activities including logistics, aviation, commercial, exhibition, humanitarian, and residential sectors, all centered around the Al Maktoum International Airport, which is planned to have an annual capacity of 12 million tonnes of cargo and 160 million passengers.
| Emirate | Dubai |
| Website | https://www.dubaisouth.ae/ |
| Contact Email | info@dubaisouth.ae |
| Contact Info |
Phone: +971-800-76884
Address: Dubai South Headquarters, P.O. Box 282228, Dubai South, UAE
|
| Year Established | 2006 |
| License Types | Trading License, Service License, Industrial License, Logistics License, Education License |
| License Cost | License fees vary based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | No specific minimum share capital requirement is specified; it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Logistics, Aviation, Trading, Education, Consultancy Services, Manufacturing |
| Company Legal Structures | Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Logistics, Aviation, Trading, Education, Consultancy Services, Manufacturing |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | The company formation process typically takes between 2 to 4 weeks to finalize, depending on documentation and approvals. |
| Physical Office Required | Yes |
| Office Space Options | Office Spaces, Warehouses, Plots of Land, Business Centers |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees vary based on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership permitted |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Strategic location with proximity to Al Maktoum International Airport, Comprehensive infrastructure tailored for various industries, Access to a diverse business community |
| Drawbacks | Development is ongoing; some facilities may still be under construction |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
