Did you know that Dubai’s South Free Zone spans 140 square kilometers, making it a logistical and aviation powerhouse? Or that it allows 100% repatriation of capital, giving your business unparalleled financial flexibility? Well, welcome to the gateway of opportunities in the heart of Dubai South! Whether you’re launching a startup or expanding your business horizons, Dubai South Free Zone offers a plethora of options. In this FAQ guide, we’ve crafted a seamless journey through the legal intricacies.
1. What types of licenses are available at Dubai South Free Zone under DACC?
Dubai South Free Zone offers a range of licenses to accommodate various industries and business requirements. These licenses include Aviation License, Logistic License, Industrial License, General Trading License, Education License, Trading License, Service License, and Freelance Permit.
2. How can I set up a DWC Limited Liability Company (DWC-LLC) or a DWC Branch?
To set up a DWC Limited Liability Company (DWC-LLC) or a DWC Branch, you need to submit the required documents such as Certificate of Incorporation, Memorandum & Articles of Association, Board resolutions, Passport copies, Certificate of Good Standing, and Ultimate Beneficial Ownership Document(s). These documents must be notarized, attested, and legalized as specified. For detailed requirements, refer to Section 7.12 of the provided legal data.
3. What documents are required for individual and corporate shareholders when establishing a company?
For individual shareholders, a clear and valid copy of the passport is required. Corporate shareholders need to provide notarized, attested, and legalized Certificate of Incorporation, Board resolutions, Certificate of Good Standing, and Ultimate Beneficial Ownership Document(s). All documents should be in English or Arabic. Please refer to Section 7.12 of the legal data for more details.
4. How can I renew my business license in Dubai South Free Zone?
Business licenses in Dubai South Free Zone are valid for 12 months and must be renewed annually. To renew, you need to provide copies of valid insurance policies (as specified in the lease agreement), a copy of a valid OFC (if applicable), evidence of no arrears in rent or charges, and the renewal fee as specified in the Tariff. For additional information, check Section 7.11 of the provided legal data.
5. Can I change the activities covered by my license, and how?
Yes, you can change the activities covered by your license. Submit an application for a change of activity, including details of the amendments and supporting documentation, in the format specified by the Free Zone Department. This application must be accompanied by the relevant fee as outlined in the Tariff. Refer to Section 7.10 of the legal data for the complete process.
6. What are the advantages of setting up a business in Dubai South Free Zone?
Setting up a business in Dubai South Free Zone offers several benefits, including 100% foreign ownership, 0% import-export tax, 0% personal income tax, UAE residency with no visa security deposit, purpose-built infrastructure, strategic location with access to Jebel Ali Sea Port and Al Maktoum Airport, and quality freehold, commercial, and residential properties for sale or lease.
7. How can I benefit from Dubai South Free Zone’s commercial facilities?
Dubai South Free Zone provides a variety of facilities, including warehouses, office spaces, and smart desks. The Free Zone is becoming a growing real estate hub with a vibrant residential district, business park, and retail community. It offers freehold and leasehold land plot options. Explore the unique services for your business and enjoy the advantages of Dubai South’s facilities.
8. What types of business licenses are issued in Dubai South Free Zone?
Dubai South Free Zone issues various business licenses, including Logistics License, Aviation License, Industrial License, Education License, General Trading License, Trading License, Commercial License, Service License, and Freelance Permit. Each license is tailored to specific business activities within the Free Zone.
9. How can I take advantage of Dubai South’s leading logistics ecosystem?
Dubai South Free Zone is home to several mini-cities, including Logistics District, Business Park, Aviation District, Commercial District, Residential District, Golf District, Exhibition District, and Humanitarian District. The Logistics District provides leading solutions to the global supply chain system. Enjoy simplified license issuance, a 2-year UAE Resident Visa, no lease requirements, and access to the Dubai South community.
10. How can I ease the process of business setup in Dubai South Free Zone?
To ease the process and ensure compliance with legal requirements, consider reaching out to Dubai lawyers, legal consultants, or business setup experts. They can provide valuable guidance, assist with documentation, and navigate the legal procedures involved in establishing and running your business in Dubai South Free Zone.
11. How does the inspection process work for Free Zone Enterprises in Dubai South?
Free Zone Enterprises in Dubai South may be subject to inspection of records. The Corporation, acting unilaterally or upon request, can appoint competent persons to inspect the records and affairs of a Free Zone Enterprise. The inspection may be initiated by a shareholder, Director, or Connected Person. Before initiating an inspection, the Corporation may request a bond or guarantee for inspection costs. The inspector has the authority to interview officers, inspect books, documents, and records. Failure to cooperate with an inspection may lead to fines or sanctions as per the Tariff. (See Section 6.18 in Legal Data A)
12. Under what circumstances can a Free Zone Enterprise be de-registered in Dubai South?
A Free Zone Enterprise may be removed from the Register under various circumstances outlined in Section 6.19 of Legal Data A. This includes providing false information, breaching license terms, violating regulations, behaving detrimentally to the Corporation’s interests, not operating, or not carrying on any business. De-registration can also occur through a court order or a resolution of shareholders in the case of a DWC limited liability company. The Corporation issues a notice highlighting the issue, and if not remedied within 15 working days, de-registration may proceed.
13. What are the general conditions for obtaining and holding a business license in Dubai South Free Zone?
To qualify for and hold a license in Dubai South Free Zone, applicants must meet certain conditions. These include holding a valid registration as a Free Zone Enterprise, having a valid lease for office space, warehouse space, or development land within the DWC Free Zone, appointing a General Manager, demonstrating sufficient liquidity or access to funding, adhering to the approved business plan, and complying with the Regulations and other applicable laws.
For any specific legal inquiries or personalized assistance, do not hesitate to consult with professional law consultants in a legal firm in Dubai.