How to register a business in Dubai Textile City Freezone
Two requirements need to be met before this a company can be setup in Dubai Textile City.
- The freezone is exclusively for those in the textile trade.
- You must have an existing textile business in Dubai
As a pre-requisite, you need to have a Dubai Freezone company for textile or a Dubai Economic Department (DED) issued license.
Your company must also rent a warehouse in Dubai Textile City to complete the registration process. Currently, there is a long wait for warehouse availability in Dubai.
It is worth considering registering a company in other freezones in Dubai where warehouses are available for rent.
Dubai Dubai Textile City (DTC), a collaborative initiative between TEXMAS and the Dubai Port and Customs Authority, facilitates global textile traders by allowing duty-free storage of textile fabrics for extended periods. This initiative aims to benefit traders engaged in re-export businesses, supported by Dubai Ports and Customs, which assists in visa processing for members.
Corporate Structures Overview Free Zone
- Limited Liability Company (FZ-LLC) This standalone legal entity, owned by an individual or corporate entity, provides limited liability for stakeholders, minimizing risks but also reducing the risk-to-reward ratio.
- Free Zone Company A corporate entity with two or more shareholders, this is the most common form of company formation in the free zone.
- Branch of a UAE or Foreign Company A branch represents an existing company under the name of its parent company, whether located in the same country or a different jurisdiction.
Setting Up in Dubai Textile Village
- Register a trade name and provide proof of registration.
- Obtain initial approval before proceeding with business formation.
- Complete personal information sheets for each shareholder and manager.
- Prepare required documents, including passports, CVs, notarized Memorandum of Association, and proof of initial approval.
- Find suitable office space and submit necessary documents.
- After approval, obtain a Certificate of Incorporation and a Business License from DTC free zone authorities.
For companies involved in textile products, Dubai offers a lucrative market, and our experienced consultants can streamline the company incorporation process. Contact us today for more information.
How BUH consulting can assist
Our team will work with you to understand your requirements, eligibility criteria and apply for your business and personal bank account with the most suitable banks and assign relationship managers from various that can onboard your account for your company.
Contact information
For a tailored solution, contact us to discuss about your requirements.
Email: – sam@buh-consulting.com
Phone: +971585086656
Whatsapp: +971585086656
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