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Dubai Industrial City hosts a number of different facilities that are intended to support investors and meet their various business requirements. The main aim behind these facilities is to encourage investors to set up their industrial base in Dubai Industrial City, while providing them with high quality level of facilities that would allow them to maximize their operational profit and reduce their costs in acquiring i) base metals ii) mineral products iii) transport equipment and parts iv) Mineral products v) transport vi) machinery and mechanical equipment vii) chemicals viii) food and drinks and ix) logistics. Below is detailed information on the advantages and disadvantages of Dubai Industrial City company formation, and Healy Consultants' capabilities in this area.
Advantages of Dubai Industrial City
1.
Dubai Industrial City company formation is perfect for investors looking to set up a presence in the UAE to conduct one of the following types of industry: i) base metals ii) mineral products iii) transport equipment and parts iv) Mineral products v) transport vi) machinery and mechanical equipment vii) chemicals viii) food and drinks and ix) logistics.
2.
Dubai Industrial City purpose built facilities include i) labour accommodation ii) offices iii) warehousing
3.
If properly-structured, Dubai Industrial City company formation is the perfect way to legitimately book international profits without paying local corporation tax. There is neither any corporate tax nor personal income tax levied in Dubai. Furthermore, there are no requirements for a Dubai Industrial City company to prepare annual financial statements or tax returns to any authorities, making Dubai Industrial City company formation easy to manage.
4.
100% foreign ownership is permitted with Dubai Industrial City company formation. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE. A company located in Dubai enjoys 100% legal exemption from all import and export duties.
5.
Healy Consultants will obtain the company registration certificate and operating license from the free zone authority without our client needing to travel to Dubai. Our related services include:

i) Submitting documentation to the free zone authority to obtain the company  registration certificate and licence, including application form;

ii) Assistance with drafting a business plan (in the format required by the free zone authority) to accompany the application;

iii) Opening a bank account for our client following Dubai Industrial City  company formation;

iv) Provision of all corporate and licence documentation to the client.
6.
A wide range of labour accommodation, warehousing and office space is available in Dubai Industrial City.
7. Healy Consultants can open global corporate bank accounts to support Dubai Industrial City company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
Disadvantages of Dubai Industrial City Company Formation
1.
Dubai Industrial City currently requires 5% of annual rent on submission of application, non refundable but will act as a security deposit on signing of the lease agreement.
2.
Dubai Industrial City company formation requires 6 months payment in advance for all their facilities on signing of lease agreement for i) labour accommodation ii) office iii) warehouse.
3. Minimum duration for any of these leases is one year.
Contact Us
For more information on Dubai Industrial City, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
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