Dubai South Free Zone (UAE)

Dubai South Free Zone (UAE)

Introduction
Previously known as Dubai World Central (DWC) Free Zone, Dubai South is currently the leading logistics and trade hub in the area. With the combination of manufacturing, logistics, and transport, especially with the advantage of Jebel Ali Port (the largest container port between Singapore and Rotterdam) and its connection to Al Maktoum International Airport, Dubai South offers a fully integrated logistics platform, facilitating business flourishing.
You can establish a Dubai World Central – Limited Liability Company as an offshore company in Dubai South Free Zone to benefit from the advantages the zone offers.
Requirements
Check below-mentioned requirements for establishing and operating a Limited Liability Company in Dubai South, also called a Dubai World Central – Limited Liability Company (DWC-LLC).
1. A DWC-LLC must have at least one shareholder. The shareholders can be a natural person or corporate.
2. One director is also required to establish an offshore company in Dubai South Free Zone. It can have a maximum of 7 directors. The directors must be a natural legal person and can be a resident in the UAE or not.
3. A DWC-LLC is also required to have a secretary, who must be a natural legal person. The secretary has the responsibilities for maintaining a record of all resolutions, minutes reports and other books and records.
4. At least one independent auditor is also required. The auditors will be responsible for many statutory requirements of the company.
5. An offshore company in Dubai South Free Zone must have and maintain a registered office in the Zone, where many important documents of the company are kept.
6. The share capital must be denominated in UAE Dirhams (AED). The statutory minimum capital is AED 300.000.
The share capital is usually divided into shares of AED 1 at the time of incorporation and may be changed from time to time. Each issued share shall be consecutively numbered.
Bearer shares are not allowed.
1. A DWC-LLC must prepare its financial statements every financial year.
The AGM must be held within 4 months from Financial Year End for listed companies or within 6 months for other companies. PLC may vote to dispense with the requirement to hold annual general meetings.
2. A DWC-LLC must have its annual accounts approved by the Board of Directors and signed off by at least one director within 3 months of the end of each financial year before being presented to the shareholders. A copy of the signed annual accounts must also be submitted to the Free Zone Department within 30 days of the approval and signature.
Subject to the above-mentioned annual requirements, a financial year shall be defined as below:
- A DWC-LLC’s first financial year starts on the date of its incorporation or registration.
- A financial year shall not be shorter than 6 months or longer than 12 months. However, the first financial year can be longer than 12 months but must not exceed 18 months.
Key Benefits  
Offering Packages
In order to assist you in establishing faster and more conveniently your offshore company in Dubai South as a Limited Liability Company, we offer you two packages Standard and Advanced with included services as below:
Services Standard Advanced
Company Incorporation Service Fee
All Government fees due on Incorporation
Free Name Application
Local Registered Office Service 12 months 12 months
Local Secretary Service 12 months 12 months
Certificate of Incorporation
Memorandum and Articles of Association
Share Certificates
Register of Shareholders
Register of Directors and Officers
Resolution of the Subscriber appointing Directors
Resolutions of the Directors appointing Officers and issuing shares
Professional Consultancy via Phone and Email
Assistance on Opening of Company Bank Account  
Company Statutory Record & Company Kit
Total fee US$ 12,000 US$ 12,499
  Setup Company Setup Company
Services
Company Incorporation Service Fee
Standard
Advanced
All Government fees due on Incorporation
Standard
Advanced
Free Name Application
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Local Secretary Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Memorandum and Articles of Association
Standard
Advanced
Share Certificates
Standard
Advanced
Register of Shareholders
Standard
Advanced
Register of Directors and Officers
Standard
Advanced
Resolution of the Subscriber appointing Directors
Standard
Advanced
Resolutions of the Directors appointing Officers and issuing shares
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
Total fee (US$)
12,000       
12,499
For forming offshore companies in United Arab Emirates, you can also choose Ras Al Khaimah Free Zone or other places such as Ajman Media Free Zone Company and JAFZA Offshore Company. Check here for more details.

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.