Just as every sector is unique, so is every business hub in Dubai. The Dubai World Trade Centre (DTWC) is one of the prominent and fastest-growing hubs in the United Arab Emirates. Since its founding in 1979, the Dubai World Trade Centre (DWTC) has evolved into a major international venue for conferences, business networking, and exhibitions.
There are numerous reasons why an entrepreneur chooses to start their business in this designated Dubai free zone. The recent entrepreneurial shift to the Dubai free zones has widened the opportunities for the authorities. The recent news of allowing access to the free zone businesses in the mainland will also benefit entrepreneurs who set up their ventures in DWTC.
Let’s explore the reasons behind the success of the Dubai World Trade Centre Free Zone-
- Prime Location
The first and most significant benefit of starting a business in the heart of Dubai—DWTC—is its strategic location. The strategic location you choose for your business is important for your company’s growth. Imagine your business thriving in these lively, diverse neighbourhoods, unlocking growth opportunities you never thought possible.
The United Arab Emirates isn’t just perfect for holidays, it's great for businesses too. With full access to the Middle East, Asia, and Europe, the city offers the best possibilities for import-export trade.
Dubai stands out for the benefits of its location and its dedication to quality, which is evident in its cutting-edge infrastructure and transportation. The city’s modern approach is demonstrated by its infrastructure, which provides businesses with the tools they need to thrive in the ever-evolving global market.
- Complete Foreign Ownership
Businesses often feel stuck when they lack full control over their operations. In this context, the UAE sets its own rules. Dubai's free zones, especially the Dubai World Trade Centre (DWTC), allow 100% ownership to all entrepreneurs who aim to set up their companies in the dream city. Company owners don't need to seek local sponsorship before starting a venture.
They are free to steer their own company in the direction they want. Having 100% business ownership gives entrepreneurs an edge that lets them act quickly and take the necessary steps to gain quick success.
- Tax Advantages in Business Setup
Another key benefit of setting up a DWTC free zone business in Dubai is its tax exemptions. Since Dubai also serves the mainland market, entrepreneurs choose their locations based on their business activities. Free zones are considered heaven for the new startups.
With 0% income tax and a marginal corporate tax rate, entrepreneurs from around the world are drawn to Dubai. This fosters an environment that encourages growth, innovation, and financial success.
Dubai tax benefits go beyond personal income tax. It involves custom fee exemptions that attract both investors and business individuals.
In a modern world where every country imposes high taxes and tariffs on products, Dubai allows companies to run their businesses without the burden of taxes and tariffs.
- Easy Business Setup and Licensing
Another reason why entrepreneurs and investors prefer Dubai as their first choice is its simplified business setup process. The Dubai World Trade Centre (DWTC) free zone offers a fast and seamless registration process, requiring minimal documents and approvals.
The DWTC Free Zone offers a fast and streamlined company registration process, requiring minimal paperwork and approvals. Entrepreneurs may anticipate a speedy setup and launch.
DWTC also offers multiple types of licensing that permit companies to undertake numerous operations under one license, including:
-Trading and commercial activities
-Professional and consultancy services
-Event management and media services
The most suitable business ideas for DWTC.
- Event Management
- Consulting
- IT Services
- Media & Marketing
- Finance & Investment
- Healthcare
- Education
- Export-Import
Whether you are a new or established business, the Dubai World Trade Centre Free Zone offers something for everyone. This designated zone is a blend of global connectivity, historical significance, cultural richness, and a dedicated business environment.
Embrace the opportunities, leverage the benefits, and position your business at the forefront of a thriving and dynamic business landscape with Markai Corporate Services. Begin your entrepreneurial journey with our expert guidance and establish your company in the flourishing Dubai free zone.
