Formerly known as Dubai World Central (DWC), the Dubai South Free Zone welcomes a wide variety of events, including specialized trade and logistics operations. The geographical position of the free zone is its main selling point, situated next to Al Maktoum International Airport, one of the world’s largest airports. It is linked directly to the port of Jebel Ali and the international airport of Al Maktoum, making it the perfect centre for international transport, commerce, and logistics. It is also host to the forthcoming Expo 2021, an exhibition that is projected to draw 25 million UAE tourists and 1 million Dubai South residents to the territory.
A Business Park, with unparalleled scalability and ultra-modern technology, is also provided by Dubai South. Dubai South Business Park provides a pro-business atmosphere with the potential to tailor solutions to suit business needs, ranging from parcels to industrial buildings and offices. In reality, it is a luxury business park with world-class commercial buildings & offices, a free zone climate, zero tax policy, flexible lease terms, 100% foreign ownership, scalable business space options, a range of business licenses, and beneficial ratios of car parking.
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Obtaining a License in Dubai South Free Zone
Given below are the steps to get your business license in the South Free Zone:
Step 1 – Submitting the Application with Important Legal Documents
Before starting your business in this free zone, you will need to submit the application form after duly filling it. You can either submit the application form online or send it by post to the regulatory authority of the free zone. Send in the documents specified by the authority along with this application form.
Required Documents for License Application
- Passport copy
- UAE entry stamp/visa copy
- A duly signed approval form.
- A lease Agreement depending on the type of government authority
- Phone number
- Email address
- Residence and correspondence address
- Shareholding ratio
- Company name
Additional information such as birth certificates, business plans, letters of undertaking, and 3 months bank statements may be required.
Step 2 – Selection and Reservation of Trade Name
Since it would be the identity of your venture, you need to select the name of your organization very carefully. So, make sure that when choosing the name of your company, you weigh all the variables. When picking a company name, you just need to keep one maxim in mind: just make sure the name has a relationship with the business operation. The name should also bear no similarity to any of the company names that already exist.
Step 3 – Gaining the Necessary Approvals
For obtaining the business license, you will need a NOC (No-Objection Certificate) for certain business ventures that might need added approvals from the auxiliary authorities. You can check the official sites to know more about such business ventures that need no objection certification.
Step 4 – Registering Your Business Venture
After your application gets accepted, you can get your business setup registered. In the South Free Zone of Dubai, you will have to pay the fees to acquire the license, along with the required paperwork, and your license will be ready for you to receive. The fees for receiving your license in the Dubai Free Zone vary from AED 3 thousand to AED 7 thousand.
Types of Licenses Available in Dubai South Free Zone
The free zone is currently offering up to seven different types of trade licenses, covering all the business prospects. These licenses are:
Business setup in Dubai South free zone with a commercial license allows companies to involve in general trading; trading activities and business under logistics.
While logistics license is termed separately it is same as the commercial license but specifically defended under the logistics district.
Industrial License as the name suggests is obtained for manufacturing units and production activities.
Another business license given for importation is for export, distribution, and storage. This license can also be used by a local dealer for the distribution of goods within the UAE market.
The related services are referred to in the license and the service license holder is allowed to provide those services throughout the Dubai South Free Zone as well as in the UAE.
Educational Consultancy services, educational and training institutes, or social service company registration in Dubai south free zones can be under an education license.
As the name suggests, this license is for anyone doing freelance work. To work as a freelancer, you just need to obtain a freelance license and nothing else.
Benefits of Setting Up a Business in Dubai South Free Zone
A hotspot for some of the most important exhibits and activities in the coming years is the Dubai South Free Zone. Dubai South, unlike other free zones in the UAE that are subject to specific market sectors, is also an economic zone providing business set-up options for various sectors. Establishing a company in the southern free zone of Dubai provides an incentive for operations such as logistics, aviation, industrial, exhibition, humanitarian, residential, and many other business activities. In Dubai South Free Zone, the area also offers cost-effective business formulation and provides competitive license prices.
We Are Here for You
It is not too difficult to secure your business license for working in the South Free Zone of Dubai if you have the proper instructions. If you are involved in setting up a company at Riz and Mona Consultancy in Dubai South Free Zone (prev. DWC Free Zone), then get in contact with our business set-up experts. Our competent advisors will advise you and help you to set up your company efficiently, on-time, and cost-effectively in the Dubai South Free Zone. It’s the perfect time to invest in the Dubai South Free Zone, with Dubai Expo 2021 just around the corner. To book your appointment, email us today.