Doing business in Dubai Health Care City (DHCC) in 2021

Since 2003, Healy Consultants Group PLC assists multinational Clients to set up a business in the UAE. Dubai Health Care City (DHCC) is an onshore free zone in the UAE specifically for the medical industry. DHCC is home to a number of large multinational firms such as Johnson & Johnson and Mediclinic.

  • Advantages of setting up a business in DHCC

    • Zero corporate income tax for 50 years.
    • 100% foreign ownership.
    • Affordable office and warehouse facilities for rent.
    • No capital controls on profit repatriation to overseas parent company.
    • Zero customs duties payable on any goods passing through DHCC.
    • Ability to trade with the UAE mainland (subject to obtaining a No Objection Certificate from Dubai Economic Department.
  • Disadvantages of DHCC company registration

    • DHCC does not permit any manufacturing activities.
    • DHCC is an expensive location in which to incorporate and maintain a business, with significant administrative hurdles.
    • All DHCC companies must lease physical office space in DHCC, even if the company has no staff. This adds significantly to running costs.
    • Our Client must travel to Dubai to open a UAE bank account for the DHCC entity.
  • Permitted DHCC business activities

    Education

    • Medical treatment
    • Dental treatment
    • Medical education
    • Medical consultancy
    • Hotel operations
    • Technical and Occupational Skills Training
    • Early Learning Center (nursery)
    • Professional and Management Development Training
    • Educational Support Service
    • Language Training School

    Healthcare

    • Clinical in-patient
    • Diagnostic Center and medical laboratories
    • Clinical out-patient
    • Non-diagnostic medical laboratories
    • Pharmacy
    • Patient support services

    Research and Development

    • Clinical Research Organization
    • Research Center
    • Research and Development Center

    Business Support

    • Consultancy
    • Healthcare Consultancy
    • Healthcare Management
    • Association (Non Profit)
    • Event Management
    • Executive Search

  • Paid up share capital requirements

    • New limited liability companies in DHCC are subject to the following minimum paid-up share capital requirements.
      BusinessMinimum paid-up share capital US$
      Non-clinical/medical facilities13,615
      Clinics27,230
      Hospitals81,670
      3-Star Hotel272,295
      4-Star Hotel544,590
      5-Star Hotel816,885

    • Branches are not subject to any minimum paid-up share capital requirements.
    • Paid-up capital must be transferred to DHCC Free Zone Authority during company incorporation.
  • Steps to register a business in DHCC

    Healy Consultants Group PLC will project manage the A to Z of our Client’s DHCC business set up. DHCC business set up steps include:

    • Pre-incorporation

      • Consultation: Prior to DHCC company incorporation, Healy Consultants Group PLC consults with our Client to understand in detail their existing business model and intended activities in DHCC.
      • Corporate structure: Healy Consultants Group PLC’s in-house DHCC expert recommends the optimum and most efficient corporate structure for our Client to legally perform their business in DHCC.
      • KYC and due diligence: Upon confirming our Client’s exact requirements, Healy Consultants Group PLC asks our Client to i) settle engagement fees; ii) return a completed and signed copy of our engagement letter and iii) furnish at least 75% of the required due diligence documents.
      • Planning: Healy Consultants Group PLC compiles all information gained during the consultation period and begins engagement planning, including i) preparing a detailed project plan mapping out engagement steps ii) drafting a business plan to support multi-currency corporate bank account opening and iii) selecting applicable licenses for our Client’s DHCC business.
    • Incorporation

      • Incorporation application: Healy Consultants Group PLC’s Dubai team i) creates a Masaar profile for our Client ii) compiles all necessary documentation for incorporation and iii) submits a quality incorporation application online.
      • In-principal approval: upon DHCC’s confirmation that our Client can proceed, our Team i) sources suitable office premises for our Client’s consideration, and ii) secures any additional ministerial approvals that may be required for our Client’s specific business.
      • Our Client confirms their intended activities in DHCC and Healy Consultants Group PLC liaises with DHCC Free Zone Authority to assist our Client select the appropriate license for their business.
      • During incorporation, the share capital is deposited to DHCC Free Zone Authority (capital amount will vary depending on business license selected). The authority will hold the deposit until the corporate bank account is opened.
    • Post incorporation steps

      • Incorporation completion: Upon receiving our Client’s DHCC corporate documents, Healy Consultants Group PLC i) completes VAT registration for our Client’s DHCC company and ii) begins negotiating with banks to secure interest in onboarding our Client’s business.
      • Bank meetings: Our Client confirms to Healy Consultants Group PLC their preferred travel dates to Dubai. Our Team schedules meetings between our Client and multiple leading banks UAE-based banks, with the intention of signing bank account opening applications.
      • Bank account opening: Over the following six weeks, Healy Consultants Group PLC liaises with the banks to push our Client’s applications forward, meet any additional due diligence requirements and answer any questions the banks may have until our Client has at least one multi-currency corporate bank account.
      • Share capital deposit transfer: as soon as our Client’s corporate bank account is opened, Healy Consultants Group PLC instructs DHCC Free Zone Authority to transfer the share capital deposit into the new bank account.
    • Engagement completion

      • Engagement completion: Healy Consultants Group PLC confirms our Client’s preferred address and couriers the full, original company kit to our Client, along with a Client feedback survey.
  • Fees

    • Healy Consultants Group PLC’s standard total engagement fee for full DHCC business setup is US$22,050.
    • For a detailed breakdown of our DHCC package services, refer to our draft DHCC invoice. Note that this fee excludes i) any additional regulatory licenses your business may require ii) paid-up share capital requirements and iii) any professional nominee services you require.

Conclusion

Allow Healy Consultants Group PLC to project manage your UAE free zone business set up including i) company registration and ii) multi-currency corporate bank account opening and iii) office premises and iv) legal and compliance considerations and v) accounting and tax considerations and vi) Staff recruitment and vii) so on.

Contact us

For additional information on our company registration services in Dubai, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi