DUBAI WORLD TRADE CENTER FREE ZONE LICENSE (DWTC)
DWTC, commonly known as “Sheikh Rashid Tower” was established back in 1979 by his highness Sheikh Mohammed bin Rashid Al Maktoum – the vice president and the 2nd prime minister of the United Arab Emirates. In addition to being the city’s oldest building, DWTC is famous for conducting events and exhibitions and is currently hosting GITEX.
Dubai World Trade Center free zone (DWTC), is one of the free zone which is located within Dubai. With its prime location, marvelous infrastructure, easy accessibility from the Metro and Airport, streamlined procedures, availability of numerous leasing options and huge historical value makes it one of the popular free zones in Dubai.
OBTAINING LICENSE IN THE DWTC FREE ZONE
Company incorporation in Dubai World Trade Centre starts with choosing right activity as per the list provided under the Department of Economic Development (DED). If the activity under DED requires any approval from external authority, such shall be required for the free zone company as well.
After the business activity is chosen, the next step is to choose a trade name. Usually, 3 business names are provided to the free zone in a sequence manner. If a name is not similar to any other already established trade name, such shall be approved by the free zone authorities.
Upon choosing all the above and after providing the documents, the file is processed for security approval. One of the major advantages of having a DWTC LICENSE is that the government fee is paid only after receiving an initial approval. Once all the necessary documentation is done, the free zone issues the license.
Obtaining a license takes approximately 10 to 15 days from the date of submitting all the documents to the free zone (excluding any time required for any external approval.
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