HH Sheikh Mohammed Bin Rashid Al Maktoum founded Dubai Healthcare City (DHCC) in 2002 to provide an atmosphere in which top medical, pharmaceutical and other healthcare-related companies could conduct their activities in a free zone and have 100% ownership of ex-pats. DHCC is a free zone for health and wellbeing, one of a kind, which has grown since its creation in a small span of time and can perform at an international level.
Dubai Healthcare City is home to more than 2000 medical practitioners, 2 large hospitals, 90 outdoor medical centres, and laboratories. Dubai Healthcare City is overseen by the Authority of Dubai Healthcare City and has the following departments:
- The Regulatory Department
- The Healthcare Department
- The Investment Department
- The Education and Research Department
Types of Licenses in Dubai Healthcare City
A healthcare company would require a license first to set up its business inside the free zone of the Dubai Healthcare City (DHCC). The following 3 kinds of business licenses can be applied for in the DHCC free zone by healthcare and pharmaceutical firms, based on their type.
- Free Zone Limited Liability Company
- Branch of a Foreign Company
- Branch of UAE Company/Establishment
Free Zone Limited Liability Company (FZ-LLC)
A free zone limited liability company (FZ-LLC) is a company formed as an independent legal entity with shareholders as an individual(s) and/or corporate(s) minimum capital requirement for incorporation depending on business activity. To set up an entity as FZ-LLC a minimum of one shareholder and a minimum of one director is required.
Branch of UAE Company/Branch of UAE Establishment
A branch of UAE Company is considered a legal depended company that’s is part of its UAE registered parent company outside the DHCC jurisdiction. Any company established outside the DHCC, either licensed as a company or establishment can obtain a branch license within DHCC. The Branch Company should be fully owned by the parent company. No minimum capital is required.
Branch of a Foreign Company
A branch of a foreign company is a legal depended company of its parent company outside the UAE, even if its place of business is not in the parent company’s headquarters. no minimum capital required.
Considering the advantages that the DHCC free zone has to give, DHCC is approved for business by a variety of foreign companies. Companies can readily receive business licenses following a certain procedure. However, certain essential conditions must be taken into consideration by foreign firms seeking to kick start their company in the DHCC free zone. For example, the form of DHCC license that the business acquires would decide the incorporation of the company. The license can be of a medical, service, or commercial type.
Activities Permitted Under DHCC Licenses
It is essential that the right type of activity is selected in order to obtain the correct license in DHCC Free Zone. This is necessary because one is only permitted to execute operations for certain operations specified in the license. DHCC is not only restricted to Clinics. It also has various other activities that fall under the non-clinical activity.
Following are the activities that are carried out under the clinical group:
- Clinical Inpatient (Hospitals)
- Clinical Outpatients
- Diagnostic centres and Medical Laboratories
- Non-Diagnostic Medical Laboratories
- Patient Escort Services
The non-clinical category has the below-mentioned activities:
- Child Skill Development training
- Early Learning centre
- Food and Beverage
- Educational Support Services
- Personal care centre
- Hotel Services
- Event management
Regulatory and Licensing Bodies of DHCC Free Zone
In addition, in the DHCC free zone, a corporation trying to set up a business should have 2 members and at least 1 shareholder. Only a citizen of the Dubai free zone may be a shareholder of a corporation seeking to establish a venture. The company is therefore obligated to schedule a conference of its shareholders once a year. The Registration and Licensing Department consists of:
- Company Registry
- Business Licensing
The Business/Company Registry is an administrative authority that is accredited in compliance with the Dubai Healthcare City Free Zone Authority (DHCCA). And undertakes the following tasks:
- Registers companies in Dubai Healthcare City.
- Maintains and updates the Company Registry and register of Shareholders and Directors; and
- Helps to ensure that firms registered in Dubai Healthcare City conform to the rules and regulations of the Free Zone and with relevant State and Federal laws related to the creation and liquidation of companies.
Documents Required for DHCC License Application
Following are the documents that need to be submitted at the time of application of Dubai Healthcare City license:
- Application form
- Letter of Intent
- Your existing company name and details (if any)
- Annual financial report or shareholder(s)’ 6-month bank statement (not required if no previous company)
- Copy of shareholder(s)’ passport
- Original bank reference letter for each shareholder
- Initial approval(s) from the third authority
- Business plan (Dubai Business Advisors may compose one for you)
- A legal representative
The DHCC free zone has its own administrative body, the Dubai Health City Authority (DHCA), and the Dubai Health City Regulatory Authority (DHCR) is an autonomous regulatory entity of the Dubai Health City Authority (DHCA).
Medical Services Available in Dubai Healthcare City
A broad variety of medical facilities are provided by Dubai Healthcare City. All medical niches, varying from standard medical procedures to cosmetic treatments, can be found here. Many of the hospitals and specialities that are most popular are:
- Biotech and Medical Research Labs
- Clinical Pathology
- Emergency Medicine
- Gynecologic Oncology
- Neurological Surgery
- Pharmaceutical and Nutrition
- Radiology Center
- Healthcare Consultant, Development and Management
- Medical Technologies and Equipment
- Medical and Nursing Education
- Supplying Services
- Treatment Facilities Centre
How Can Riz and Mona Consultancy Help You?
In the company set up business in Dubai, business consultants in Dubai play a significant role because they are the people who will provide the details you are aiming for. If you have made a decision to start a company in the Dubai Healthcare City Free Zone, then we will assist you with it at Riz and Mona Consultancy. Combined with our specialized market experience and competitive advantage, our company development strategies allow us to be the best in the field.
We are dedicated to offering each client with the best business consulting services in a timely manner with dedication, assisting them with their planning and supporting them at every step of business set up. Contact us today—we will be delighted to help you out.