Dubai World Central (DWC) is the result of carefully designed, forward looking master plan that sets the framework for Dubai’s economic future.
DWC companies will be good for those who:
– need to set up a trading company, especially using the international airport capacity;
– need Dubai based company;
– need company with visas.
Types of company:
– New company – DWC L.L.C
– A branch of an existing company – Branch of the Company
Types of companies depending on the office :
Smart Desk, Smart Office – a company with a virtual office
Permanent Smart Office, Exclusive Office – a company with a actual office
Redistricted Capital: AED 300,000 or USD 82,200. Payment is not required.
Types of licenses:
– General Trading License
– Trading License
– Service License
– Logistic Licenses
– Industrial Licenses
– Education Licenses
Requirements for directors and shareholders: there are no requirements for residency/citizenship of the director/shareholder. Corporate foreign shareholder is allowed. Corporate director is prohibited.
Office: may have virtual office (Smart Desk) and real office (Smart Office)
Visas : 2 visas are available for a company with Smart Desk, Permanent Smart Desk, 3 visas – for a company with Smart Office, Permanent Smart Office, 4 visas – for a company with Permanent Exclusive Office.
Accounting and Auditing: accounting is required. Audit report must be submitted once a year
Walton Consultants DMCC