Establishing a company in the Dubai Healthcare City Free Zone

Establishing a company in the Dubai Healthcare City Free Zone is the gateway to success in the field of healthcare, as Dubai Healthcare City is one of the most important free zones in Dubai, and provides an ideal business environment that allows you to establish a thriving company in the field of healthcare.
With the increasing demand for high-quality medical services in the region, Dubai Healthcare City offers exceptional investment opportunities for investors from all over the world. In this article, we will discuss the steps for establishing a company in Dubai Healthcare City, the benefits it offers, and some tips to ensure success.

Establishing a company in the Dubai Healthcare City Free Zone

The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, Itqan Company, through its great experience in business management, undertakes By helping many investors choose the appropriate free zone for their commercial activity, it also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.

The process of establishing a company in the free zone varies and includes carrying out many important tasks related to businessmen and investors. Among the activities carried out by the company are:

• Establishing companies and equipping them with the best equipment.
• Choosing the best places in which to establish companies.
• Setting up offices, furnishing them, and offering them for rent.
• Work to complete all required procedures for opening companies.
• Dealing with multiple parties and paying fees.
• Registration of trade names in the competent authority.
• Registration of commercial licenses.

Advantages of establishing a company in the Dubai Healthcare City Free Zone

Establishing a company in the Dubai Healthcare City Free Zone has many advantages, which we explain as follows:

• Objectivity of company registration costs and expenses
• Location privacy: Dubai Healthcare City is located in the heart of Dubai, about 20 minutes by car from Dubai International Airport
• Ease of recruitment and operation because it is located in the heart of Dubai
• It is connected to a transportation network and train lines
• No restrictions on hiring and employing foreigners
• There are no restrictions on paying salaries and wages to foreign workers and employees
• There are no restrictions on transferring funds to and from the company’s account
• There are no restrictions on transferring employees’ wages and salaries outside the free zone or to their country
• No taxes on wages or salaries
• No export taxes
• No customs on import
• The company is fully owned 100% by its owners
• Freedom to sell the company
• The freedom of the company to own a property within the free zone
• Providing housing for employees and workers
• Owning cars, equipment and means of transportation
• Issuing work permits for workers and employees
• Issuing a permit or residence permit for workers or employees
• Issuing a residence permit for employees’ families
• Enrolling workers’ children in schools and universities in Dubai
• Provides medical services from international and local providers in Dubai
• It provides health insurance services from international and local service providers in Dubai

Steps to establish a company in the free zone

Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:

1. Determine the type of business activity

Determine the type of medical services your company will provide.
Ensure that your business complies with the laws and regulations of Dubai Healthcare City.

2. Choose the company name

Choose a name that is unique and easy to remember.
Ensure the availability of the company name and its ability to be registered.

3. Prepare the required documents

• Nationalities of shareholders.
• Copies of their passports.
• A letter from an approved bank confirming the availability of capital.
• Economic feasibility study of the project.
• Company incorporation contract.
• Company incorporation application form.
• register fees.

4. Submit an application to establish a company in the Dubai Free Zone

Submit the application and required documents to the Dubai Healthcare City Administration.
Your application will be reviewed by the competent authorities.
A business license will be issued to you upon approval.

5. Rent an office

Choose an office suitable for your company’s needs in Dubai Healthcare City.
Obtaining approval from the Dubai Healthcare City Administration for the site.

6. Hire employees

Determine the number of employees and your skills and experience needs.
Obtaining approval from the Ministry of Human Resources and Emiratisation for work visas.

7. Take advantage of the available services

Dubai Healthcare City offers many services to companies such as consulting, training and marketing support.
Take advantage of these services to enhance your company’s chances of success.

8. Adhere to laws and regulations

Ensure that you comply with the laws and regulations of Dubai Healthcare City.
Avoid any violations that may result in fines or penalties.

Legal forms of the company in the Dubai Healthcare City Free Zone

The number of companies registered and operating in the Dubai Healthcare City Free Zone is about 160 companies and facilities working in the field of health care, and most of these companies are branches of foreign companies or are owned by international foreign companies. It employs specialists from more than 90 countries, and one of the most famous institutions operating there is the Mohammed bin Rashid University of Medicine and Health Sciences. Dubai Healthcare City allows three main legal forms for companies:

1. Limited liability company

At least one shareholder is allowed.
Shareholders are not liable for more than the value of their shares.
Enjoy tax and customs advantages.
It can be converted into a public joint stock company.

2. Free zone establishment

Only one person is allowed to own it.
The owner’s liability is unlimited.
Enjoy tax and customs advantages.
Ease of establishment and management.

3. A branch of a local or foreign company

A local or foreign company can open a branch in Dubai Healthcare City.
The branch must have the same name as the parent company.
The branch can be an LLC or a corporation.

Tips for choosing the appropriate legal form for the company

• Consult a specialized legal or financial advisor.
• Evaluate your needs and goals.
• Review the requirements for each legal form.
• Choose the format that offers the best benefits. Number of contributors.
• Type of business activity.
• Financial responsibility.
• Need for financing.
• Future expansion plans.

Dubai Healthcare City

Dubai Healthcare City is an economic free zone, established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai in 2002. The Dubai Healthcare City Authority is the body supervising the work of Dubai Healthcare City, and the free zone is subject to an independent regulatory body, the sector. Organizational.

 Over the past 16 years, the strong, flexible and responsive regulatory framework, thanks to the adoption of the best international practices and standards, has been able to attract the most prominent international names in healthcare and medical education, such as: Moorfields Eye Hospital from the United Kingdom, and Johnson & Johnson from the United States of America. In addition to Mediclinic Medina Hospital from South Africa, and Dr. Sulaiman Al Habib Hospital from Saudi Arabia, the leader in providing specialized medical services in the region. The thriving Dubai Healthcare City community also includes a network of commercial companies, providing diverse services from hospitality and consulting services to retail outlets.

 The Dubai Healthcare City community includes one of the emerging medical universities in the United Arab Emirates, the Mohammed bin Rashid University of Medicine and Health Sciences, which was opened in 2014, and is the only educational institution in the country that holds the prestigious accreditation of the American College of Surgeons.

 The free zone, which is strategically located in the heart of the Emirate of Dubai, is divided into two phases, the first, which covers an area of ​​4.1 million square feet in Oud Metha, will be allocated for healthcare and academic medical education, while the second phase, which will cover an area of ​​19 million square feet, will be allocated in the Al Jaddaf area. Dubai, – under development – for centers concerned with health well-being and quality of life care programs.

Benefits of establishing a company in establishing a company in the Dubai Healthcare City Free Zone

Dubai Healthcare City offers many benefits to investors wishing to establish a company in the healthcare field, including:

Supportive business environment:
Advanced infrastructure that includes world-class facilities and services.
Flexible laws and regulations that facilitate establishing and managing businesses.
Access to global markets.
Tax and customs incentives:
tax exemptions on profits and customs duties.
Possibility of recovering value added tax.
Full Foreign Ownership:
Foreigners are allowed to own 100% of companies in Dubai Healthcare City.
There are no restrictions on the participation of foreigners in the ownership of companies.
Possibility of hiring employees from all over the world:
There are no restrictions on hiring foreign workers.
Possibility of obtaining work visas for employees.
Access to financing from local banks:
Local banks in the UAE offer financing to companies in Dubai Healthcare City.
Possibility of participating in government tenders:
Companies in Dubai Healthcare City are allowed to participate in government tenders.
Business Support Services:
Dubai Healthcare City offers many services to businesses such as consulting, training, and marketing support.