Business Setup In Dubai Healthcare City

An Introduction

If you’re a business owner or entrepreneur looking to set up your business in the United Arab Emirates, there is likely chance that you know the country’s free zone places. UAE free zone offers 100% company ownership, 100% import and export exemption, 100% repatriation of profits and capital, no currency restrictions and no personal or corporate tax- there are plenty of reasons that you’ve chosen this rather than starting your business in the mainland. These are just the headlined advantages, there are other unique features that are available on every free zone situated in the country.

One particular free zone that has captured the eye of many entrepreneurs around the globe is the Dubai Healthcare City(DHCC)- the main reason why Dubai Healthcare sector is booming in the world now. According to the recent research by MENA it is expected to reach an estimated 103bn AED by 2021. Dubai Healthcare City is a home of 2 major hospitals, 90 outdoor medical centers, and labs and more than 2000 medical professionals. Dubai Healthcare City is supervised by the Dubai Healthcare City Authority and has the following departments:

• The Regulatory Department
• The Healthcare Department
• The Investment Department
• The Education and Research Department

Business Setup in Dubai Healthcare City

DHCC was established by your Highness Sheikh Mohammed Bin Rashid Al Maktoum, established in 2002 to provide state of the art medical and healthcare facilities. Dubai is focused on becoming a medical hub for foreign investors to start their business operation in the city. It provides modern medical facilities to regional and international healthcare organizations. Dubai Healthcare City is a one-stop shop for foreign medical professionals because here you avail the never-ending facilities of a free-zone.

The free zone also offers a straightforward process for company formation without any tolerance of time. The first step is to reserve a space in the DHCC. Once you’ve selected the space that fits your need, now is the time to apply for initial application followed by a commercial license. It is important to note here that you must abide by the laws and regulations of the Health Data Protection Regulation and Medical Liability Regulation. Such regulations are compulsory for the process and there are no short paths regarding this matter. Basic registration and licensing process include:

• Company Registration in Dubai Healthcare City
• Register of Directors and Shareholders
• Updated company registry
• Insurance of DHCC rules and regulation as per by Federal legislation

Legal Structure available in Dubai Healthcare City

You’re allowed to establish the following legal structure in Dubai Healthcare City

• Free Zone Limited Liability Company
• Branch of a Foreign Company
• Branch of UAE Establishment

In any of this case, a commercial license is issued by the Free zone authority to carry out a business operation in the region. Duration of the newly issued Commercial license is 1 year and is renewable on an annual basis. A registered company can also perform amendment in their commercial license and cancel it whenever necessary. A business owner or corporation looking forward to starting their business operation in DHCC must have one shareholder and two directories. The shareholder must live in Dubai and hold a meeting with the company officials once a year. Apart from this, there are other rules and regulations for Foreign Company and Free Zone Limited Liability Company. Consult a business professional for more details.

Documents required for DHCC Free Zone

Here is the list of the documentation required for business setup in DHCC. Additional documents are required for each corporate shareholder.

• Application form and Letter of Intent
• Shareholders 6-month bank statement or Annual financial report
• Existing company brochure(if available)
• Copy of manager, shareholders passport along with CV
• Original bank reference letter
• NOC from the current sponsor
• Initial approval from third authority(if relevant)
• A legal representative
• Business plan

Submit all the required documentation to the free zone authority. After your application is approved, the free zone authority will issue an initial approval letter for your business. The next step is to select an office space for your business. Like any other Free Zone in Dubai, DHCC allows company formation with multiple visas. There is no limitation depending upon the nature of your business.

Benefits of Having a business operation in Dubai Healthcare City

Investors from different countries agree that free zones authority are good investments for foreign business operation. Business owners currently involved in DHCC are already enjoying the benefits of the DHC location and facilities. Some of the major benefits of Dubai Freezone companies are:

• 100% Foreign ownership
• No corporate, personal or income taxes
• No custom duties for goods and services
• No restrictions on quotas, capita or trade barriers
• Clinical purchase or lease options
• Competitive pricing in the open market
• State of the art medical facilities
• Easily managed Visa, licenses, permits and other government services
• Low operational cost
• Access to regional and global healthcare experts

Types of Medical services available in Dubai Healthcare City

Dubai Healthcare City offers a wide range of medical facilities. Here you can find all the medical related niches ranges from normal medical treatments to cosmetic treatments. Some of the most common clinics and specialties are:

• Biotech and Medical Research Labs
• Clinical Pathology
• Dentistry
• Dermatology
• Emergency Medicine
• Gynecologic Oncology
• Neurological Surgery
• Pharmaceutical and Nutrition
• Radiology Center
• Therapist
• Healthcare Consultant, Development and Management
• Medical Technologies and Equipment
• Medical and Nursing Education
• Supplying Services
• Treatment Facilities Centre

Our role in Dubai Healthcare city company formation

Setup Dubai business is providing entrepreneurs and foreign business owners ease of doing business in Dubai. Since we are acknowledged in this field and have an experience of 10 years, we can provide all the details you need regarding your company formation. We have provided business plans for many satisfied clients now. At setup Dubai business we provide the following services;

• Business Registration and licensing
• Representation of clients to relevant authorities
• Assisting in account opening, immigration and other important matters
• Assisting for office set up in the most affordable way
• A detailed analysis of the current affairs and business matters