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Registering a company in Dubai Outsource City (DOC) Free Zone in 2020
The main advantages of starting a business in Dubai Outsource City are:
- Modern infrastructure;
- No corporate tax and personal income tax;
- No restrictions on the implementation of foreign exchange transactions;
- Full foreign ownership; - Ample business opportunities for outsourcing companies;
- The absence of restrictions on the repatriation of profits and capital.
Business registration – from €11,500
Company registration period – from 2 weeksDetailed information
Dubai Outsource City (DOC) was launched to support outsourcing of business processes, IT outsourcing, back office operations, call center activities in Dubai. This FZ contributes to the development of specialized infrastructure with many office facilities, reliable communication and a 24-hour security system.
Outsource City strives to take the forefront in higher education for the development of UAE and the business community of this region. Also, this Free Zone provides a comprehensive infrastructure and many opportunities for entrepreneurs, who want to open an outsourcing business in UAE.
DOC is characterized by the development of various segments: Internet resources, a technical support, a media software, amarketing, telecommunications, others. The geolocation of Outsource City opens up prospects for meeting the needs of Europe, USA, Asia and Africa.
- full exemption from tax fees;
- the ability to form networks;
- a modern infrastructure;
- 100% renewal of stock capital;
- a progressive development of new generation technologies;
- dynamically developing international contacts;
- many prospects for the development of communication channels;
- no currency quotas;
1. FZ-LLC. This form of ownership is an independent legal entity. The shareholders of such organization may be individuals or corporations. The minimum initial capital depends on the business.
2. You can register a subsidiary of a foreign organization in UAE. The affiliate acts as a legally dependent unit from the parent company. To set up a subsidiary in the DOC, a minimum initial capital is optional.
Enterprises operate in accordance with the rules, that apply to both LLC firms and affiliates in this FZ. To start an entrepreneurial activity in Outsource City, you need to obtain a Dubai business license. This Free Zone provides commercial licenses, service licenses and trade licenses.
To get a license in Dubai, you must file an application with the appropriate authorities (DTMFZA) and remember, that to establish a firm in DOC, you must fulfill such conditions:
- Minimum seed capital must be at least 73,600 euros.
- To register a company in DOC, you must have at least 1 stockholder (individual - or legal entity) and director.
- You must also prepare a package of necessary documents. After completing all the formalities, you will obtain a Dubai license and a certificate of registration.
- Apply for registration;
- Send all necessary legal documents;
- Sign MOA and AOA;
- Provide documents on the availability of authorized capital;
- Make a mandatory payment;
- Sign a lease in DOC;
- A registration form;
- Color copies of passports of managers, directors, shareholders;
- The application for a license in Dubai;
- A commercial plan;
- Shareholder profiles;
- Notarized MOA;
- Samples of signatures of leaders.;
- Documents confirming the authorized capital;
- Certificate of Authority for the GSO;
Business owners, who want to open an outsourcing business in Dubai are focusing their attention on DOC. This FZ is fully outsourced. This is the best place in UAE, where desires and opportunities perfectly match each other. Before you decide to start a business in DOC, pay attention to the list of activities in this area:
- IT Management;
- The provision of services to customers;
- Transactions with transactions;
- Document and operations management;
- Hotel and restaurant business;
This FZ is also characterized by numerous global and regional organizations. This feature is another advantage for entrepreneurs, who want to start a business in Outsourcing City.
If you decide to register a company in the UAE, sign up for a consultation with experienced specialists of IQ Decision. Most of the projects in UAE were created under the strict guidance of business consultants.
IQ Decision staff will carefully study all your requirements and wishes and will assist in the development of your business.
- The information outlined in the article is actual at the time of its publication.
- Please refer to our specialists for checking possible solutions for your business.
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