Dubai Textile City (DTC) is a joint effort by TEXMAS* and the Ports Customs and Free Zone Corporation (PCFC) to advance the Dubai involvement in the world textile market. DTC has become the largest and most convenient regional textile center. Business analysts expect the UAE textile market to become second only to the oil industry in the UAE trading economy. The area makes storage facilities for textile products available to traders in the re-export business. Long term storage in DTC provides relief for the 5% customs duty for stored products. In addition to dedicated warehouse facilities, the area offers front office and showroom spaces. Allowed business activities in the free zone are limited to trading in textile related products.
*TEXMAS is Textile Merchants Group. It is a UAE membership organization of Dubai wholesale textile merchants dedicated to enhance and improve the textile trade industry.
Benefits of Dubai Textile City
Dubai Textile City offers a list of benefits to businesses established inside the free zone. These benefits include:
• Full foreign ownership
• 100% repatriation of capital and profits
• No personal income tax
• No corporate tax
• Custom duties exemption
• Subleasing options available
• Goods transfer into the city customs duty free
• Long term lease – 30 years – renewable
• Rent-free for 15 years – pay only ground lease
• No intermediaries to add to costs
• Worldwide publicity promotes better business turnover
• Low operational expenses
• Dubai and the UAE is a safe and stable environment for doing business
Business Formation in Dubai Textile City
Dubai Textile City operates under the authority of the Jebel Ali Free Zone Authority (JAFZA) which administers business formation in the free zone. New businesses in DTC can be structured in one of three ways. A Free Zone Establishment (FZE) is an independent business with only one owner/shareholder. The shareholder may be a real person or a corporate entity. A Free Zone Company (FZCO) is a business with two or more (up to five) shareholders. These shareholders may be individuals or corporate entities. A Branch Office is a representative of an existing company. Branch offices do business in the name of a parent company and business activities are specified in the business license. The parent company can be a foreign company or an existing UAE establishment. The documents and capital requirements are different for establishing these business structures.
Documents required for a Free Zone Establishment with a real person applicant:
• A trade name must be registered and proof presented. Our firm (Push Digits) can manage this for you.
• Before starting business formation activities the applicant must receive initial approval. We* can arrange this for you.
• The owner/shareholder must provide a passport copy
• If a manger is designated, the manager must provide a passport copy and C.V. (resume).
• Personal Information Sheets must be completed for the owner/shareholder and manger. We* can provide a template.
• Suitable space for the business must be leased and document provided. We* can arrange a lease on appropriate space and provide documentation.
• If a Local Agent (Push Digits) is utilized, that agent must have a notarized Power of Attorney
The authority may require additional documents.
Documents required for a Free Zone Establishment with a corporate owner/applicant:
• A trade name must be registered and proof presented. Our firm (Push Digits) can manage this for you.
• Before starting business formation activities the applicant must receive initial approval. We* can arrange this for you.
• A Memorandum of Association and/or Articles of Association for the corporate applicant must be provided. This must be notarized by the UAE Embassy in the country of origin.
• A resolution from the Board of Directors of the corporate applicant indicating the intent to establish a new business in Dubai.. This must be notarized by the UAE Embassy in the country of origin.
• A certificate of registration for the Corporate applicant from the registrar of companies in the origin country. This must be notarized by the UAE Embassy in the country of origin.
• The shareholders must provide a passport copies.
• Manager must provide a passport copy and C.V. (resume).
• The physical address of the Corporate applicant must be provided.
• Personal Information Sheets must be completed for the each shareholder and manager. We* can provide a template.
• Suitable space for the business must be leased and document provided. We* can arrange a lease on appropriate space and provide documentation.
• If a Local Agent (Push Digits) is utilized, that agent must have a notarized Power of Attorney
The authority may require additional documents.
Documents required for a Free Zone Company (FZCO):
• A trade name must be registered and proof presented. Our firm (Push Digits) can manage this for you.
• Before starting business formation activities the applicant must receive initial approval. We* can arrange this for you.
• A Memorandum of Association and/or Articles of Association for corporate shareholder/applicants must be provided. This must be notarized by the UAE Embassy in the country of origin.
• A resolution from the Boards of Directors of corporate shareholder/applicants indicating the intent to establish a new business in Dubai. This must be notarized by the UAE Embassy in the country of origin.
• Certificates of registration for the corporate shareholder/applicants from the registrar of companies in the origin country. This must be notarized by the UAE Embassy in the country of origin.
• The individual shareholders must provide a passport copies.
• Managers must provide a passport copies and C. V.s (resumes).
• The physical address of each Corporate shareholder/applicant must be provided.
• Personal Information Sheets must be completed for the each individual shareholder and manager. We* can provide a template.
• Suitable space for the business must be leased and document provided. We* can arrange a lease on appropriate space and provide documentation.
• If a Local Agent (Push Digits) is utilized, that agent must have a notarized Power of Attorney
The authority may require additional documents.
Requirements for a branch of a foreign company with an individual applicant
• A trade name must be registered for the new branch and proof of registration provided. Our firm (Push Digits) can arrange this for you.
• There must be initial approval from the authority before business formation activities begin. We* can help you apply for the initial approval and get the required document.
• Passport copy for the shareholder/applicant
• The manager must provide a passport copy and a C.V. (resume). The manager must have a university degree.
• A Personal Information Sheet must be completed for the shareholder and manager. We* can provide a template.
• A suitable business/office space must be leased and proof of the lease provided with the application. We* will locate suitable space for your branch office and provide the required documents.
• If you use a local agent (our firm*) to assist you with the process, the local agent must have a notarized Power of Attorney.
Additional documents may be requested by the authority at the time of registration. There is no capital requirement for a branch office.
Requirements for a branch of a foreign company with a corporate applicant
• A trade name must be registered for the new branch and proof of registration provided. Our firm (Push Digits) can arrange this for you.
• There must be initial approval from the authority before business formation activities begin. We* can help you apply for the initial approval and get the required document.
• Passport copies for the shareholders
• Managers must provide passport copies and C.V. (resume). The managers must have a university degree.
• A Personal Information Sheet must be completed for each shareholder and manager. We* can provide a template.
• A Memorandum of Association for the parent company (main branch) notarized by the UAE Embassy in the origin country.
• Articles of Association for the parent company (main branch) notarized by the UAE Embassy in the origin country.
• A resolution from the board of directors of the parent company indicating the intent to establish a branch office in Dubai notarized by the UAE Embassy in the origin country.
• A valid certificate of registration or trade license for the parent company from the appropriate authority in the origin country.
• A valid Chamber of Commerce certificate for the parent company
• A company profile of the parent company
• A suitable business/office space must be leased and proof of the lease provided with the application. We* will locate suitable space for your branch office and provide the required documents.
• Document establishing a physical address for the parent business.
• If you use a local agent (our firm*) to assist you with the process, the local agent must have a notarized Power of Attorney.
Additional documents may be requested by the authority at the time of registration. There is no capital requirement for a branch office.
Required Documents for a Branch Office of an existing UAE Company:
• Each shareholder must provide a passport copy
• The designated manager must provide a passport copy and a C.V.(resume) and have a university degree
• A Personal Information Sheet for each shareholder and manager. We* can provide a template.
• A trade name for the new branch must be registered and proof of registration submitted. We* can get this done for you.
• Before starting branch office formation activities you must obtain initial approval. We* can arrange this initial approval for you.
• The parent company must provide a Memorandum of Association and/or Articles of Association notarized by the UAE Notary Public.
• You must have a lease document specifying a suitable minimum office space for your new branch. We* can locate suitable office space and obtain required lease documents
• If you utilize the services of a local agent* to help you, that agent must have a notarized power of attorney
• A certificate of registration or trade license for the parent company. This must be notarized by the UAE Notary Public.
• A valid Chamber of Commerce certificate for the parent company.
• A company profile for the parent company. We* can help with this
• Physical address of the parent company
Additional documents may be requested by the authority at the time of registration. There is no capital requirement for a branch office.
* Push Digits is an independent partnership formed in the UAE to provide industry leading accounting and book keeping services. We also offer first class business formation assistance.
We can help you set up your business in Dubai Textile City
Push Digits has a staff of experienced, professionally qualified and chartered accountants with up to date accounting knowledge of international standards. We are well versed in the use of advanced technologies and accounting software. We maintain the highest quality standards and deliver full satisfaction of our clients by providing our unique services at amazingly affordable and cost competitive prices. In all our day to day activities we work to ensure our clients are contented with the services we provide and they derive value from them.
In addition to our complete UAE business formation assistance we provide these services after the new business is operating:
• Complete accounting services with highest quality standards at affordable prices per month (full or part time)
• Financial services on an hourly basis
• Financial projections based on our in-depth financial accounting and analytical skills
• Feasibility studies for new businesses or new expansion
• Internal audits
• External audit preparation
• and many more
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