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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 is located in Al Awir Free Zone, DTC has become the largest and most convenient regional textile center. 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.
Benefits:
• Facility to sublease the property,
• Lower administrative cost,
• International media publicity,
• 100% foreign ownership,
• 100% repatriation of capital and profits,
• Long-term lease periodfor 30 years (renewable),
• Rent-free for 15 years (pay only ground lease),
• No intermediaries to add to costs,
• Worldwide publicity promotes better business turnover,
• Dubai and the UAE arethe safe and stable environment for doing business
• Low operational expenses,
Authority:
• The Dubai Textile City operates under the authority of the Jebel Ali Free Zone Authority (JAFZA) which administers the business formation in the free zone.
Area of business:
1. Textile,
2. Trading,
3. Fashion.
Minimum share capital:
• The minimum of AED 50,000per shareholder.
Shareholders:
• The Shareholders of the company can be an individuals or corporate entity.
Directors:
• Directors must be an individual only.
Available license:
• Trade license.
Minimum of 4 working weeks to obtain final trade license.
Note:License of the company has to be renewed on annual basis. if thelicense is renewed after expiry datethen thepenalty would be charged by the authority.
Types of entities:
1. Free Zone Company (FZCO),
2. Free Zone Establishment (FZE),
3. Branch of foreign or UAE company,
Required document for FZCO, FZE and A branch office include:
Free Zone Company (FZCO):
• A trade name must be registered and proof presented.
• The applicant must receive initial approval.
• A Memorandum and Articles of Association
• A resolution from the Boards of Directors
• Certificate of registration
• Passport copies of the individual shareholder
• Passport copies and C. V of managers
• The physical address of each Corporate shareholder/applicant
• Personal Information Sheets must be completed for each individual
shareholder and manager.
• The lease document
• Power of Attorney
Free Zone Establishment -individual:
• A trade name must be registered and proof presented.
• The applicant must receive initial approval,
• Passport copy of the owner/shareholder,
• Passport copy and C.V of the manager if a manager is designated,
• Personal Information Sheets
• Leased document
• Power of Attorney
Free Zone Establishment - corporate owner:
• A trade name must be registered and proof presented.
• Applicant must receive the initial approval.
• A Memorandum and Articles of Association
• A resolution from the Board of Directors of the corporate applicant
• A certificate of registration for the Corporate applicant
• Passport copies of the shareholders
• Passport copy and C.V of themanager.
• Personal Information Sheets must be completed by each shareholder and manager.
• The physical address of the Corporate applicant.
• lease document provided.
A branch Office of an existing UAE Company:
• A trade name for the new branch must be registered and proof of
registration submitted.
• The designated manager must provide passport copy, C.V,and
university degree
• A Personal Information Sheet for each shareholder and manager.
• Each shareholder must provide a passport copy
• you must obtain initial approval.
• Memorandum and Articles of Association
• The lease document
• Physical address of the parent company
• A certificate of registration or trade license for the parent company.
• A valid Chamber of Commerce certificate for the parent company.
• A company profile for the parent company.
A branch of a foreign company - individual applicant:
• A trade name must be registered for the new branch and proof of
registration provided.
• Initial approval from the authority
• Passport copy of the shareholder/applicant
• Passport copy, C.V and university degree of the manager.
• A Personal Information Sheet must be completed by the shareholder
and manager.
• The lease documents

A branch of a foreign company - corporate applicant:
• A trade name must be registered for the new branch and proof of
registration provided.
• Initial approval from the authority.
• Passport copies of the shareholders.
• Managers must provide passport copies, C.V and university degree.
• A Personal Information Sheet must be completed by each shareholder
and manager.
• A Memorandum and Articles of Association for the parent company
• A resolution from the board of directors of the parent company
• A Certificate of registration or trade license for the parent company
• A valid Chamber of Commerce certificate for the parent company
• A company profile of the parent company
• The lease documents
• The document establishing a physical address for the parent business.

The professional consultants at MSZ Consultancyprovide complete assistance to those who are interested to start a business in Dubai Textile City. Contact us at 00971589827842 or Email us at info@mszconsultancy.com.
http://www.mszconsultancy.com


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