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:
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:
You’re allowed to establish the following legal structure in Dubai Healthcare City
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.
Here is the list of the documentation required for business setup in DHCC. Additional documents are required for each corporate shareholder.
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.
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:
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:
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;
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