What is Dubai South Free Zone?
Dubai South (DWC Free Zone) is a logistics and commercial free zone designed to become a self-sustaining economic and population center projected to serve a population of a million.
As an economic platform, it is designed to support every conceivable kind of business and industry and create 500,000 jobs. It is home to the world’s largest airport in the making – the Al Maktoum International Airport – and host landmark events such as World Expo 2020 and the Dubai Airshow.
Launched as a Government of Dubai project in 2006, Dubai South (DWC Free Zone) is easily accessed from downtown Dubai and Abu Dhabi.
DWC Free Zone is 145 km2. It is between Dubai, Abu Dhabi, and Al Ain in Al Maktoum International Airport, the world’s biggest international airport. It is a free zone with one of the largest spaces in the UAE. DWC Free Zone is a golden zone because the world is anticipating the complete opening of the airport in 2027.
Al Maktoum International Airport will become the world’s most significant international airport for too many reasons. The square distance, the superior logistical solutions, prime and complex storing and manufacturing facilities, DWC Free Zone, and more stunning facts!
Trading and commercial areas in DWC will be one of the most expensive in the world for all these reasons. And not only for quantitative aspects due to the massive numbers we discussed earlier. But also because of the modern logistical and storing solutions in establishing Al Maktoum International Airport. It is another level that most companies can’t even imagine yet. Businesses and investors will save billions they spend now on the current storing and transportation techniques everywhere in the world.
Once again, the UAE is writing history. And that’s because the DWC Freezone will change how supply chain scientists think about their theories. Al Maktoum International Airport and DWC Freezone will change businesses’ perspectives regarding shipment and transportation. And history will remember UAE because none of those has expected such a rapid technological change.
Al Maktoum International Airport, Specialized companies, and other third parties will cooperate in presenting the shipment, storing, and manufacturing of new services to the world. The biggest and the most significant international corporations will visit DWC more often. And that’s why everyone is anticipating this free zone precisely to be one of the most luxurious free zones in the world. And right now, it is a golden opportunity that will be more expensive with time passing.
Advantages of business set up in DWC Free Zone
- Strategic Location: DWC is strategically located between Europe and Asia, making it an ideal hub for businesses looking to access these markets. The free zone is close to the Jebel Ali Port and Al Maktoum International Airport, providing easy access to global markets.
- 100% Foreign Ownership: One of the key advantages of setting up a business in the DWC Free Zone is 100% foreign ownership. This means that foreign investors can own and operate their businesses without the need for a local sponsor or partner. This allows for greater control and flexibility in business operations.
- Tax Benefits: Another significant advantage of setting up a business in DWC is the tax benefits. Businesses registered in the free zone are exempt from corporate and personal income tax, import and export duties, and value-added tax (VAT). This allows businesses to save on operational costs and reinvest in their growth and development.
- Easy Company Setup: Setting up a business in DWC is a streamlined process, with the free zone offering a one-stop shop for all company registration and licensing requirements. This includes visa processing, company incorporation, and other legal formalities, making it a hassle-free and efficient process for investors.
- Access to Skilled Workforce: DWC is home to a diverse and skilled workforce, with many residents employed in the aviation and logistics industries. The free zone also offers specialized training programs and workshops to support the development of the local workforce, ensuring businesses have access to the talent they need to succeed.
- State-of-the-Art Infrastructure: DWC boasts state-of-the-art infrastructure and facilities, including modern offices, warehouses, and logistics centers. The free zone has invested heavily in its infrastructure to support businesses’ growth and development, providing a world-class environment for businesses to operate in.
- Proximity to Dubai Expo 2020: Dubai Expo 2020, the largest event to be held in the Arab world, is set to take place in the vicinity of DWC. This presents a unique opportunity for businesses to leverage the event’s global exposure and network with potential clients and partners from around the world.
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