BUSINESS SETUP IN DHCC

Dubai Healthcare City (DHCC) free zone is a healthcare community that is built in the heart of the city. This is also the world’s largest healthcare free zone.

DHCC free zone mainly consists of hospitals, wellness centres, medical institutes, and also many other facilities. DHCC plans to be an area for mixed development targeting quality healthcare as well as wellness with luxurious hotels and apartments.

It is also scheduled to promote healthcare related educational organisations. Dubai Healthcare City comprises a community of medical tourists, students as well as residents.

In 2014, the Medical Tourism Destination Index (MTDI) ranked Dubai 17th spot in the world for medical tourism. Nevertheless, with enormous emphasis given to the medical sector, Dubai intends to position itself within the top 15 destinations.

The city also seeks to create new market trends amid the healthcare industry. Backed by the Dubai government, the DHCC free zone has been recognized as a global medical tourism hub.

Benefits of company setup in Dubai Healthcare City free zone

The Dubai Healthcare City promises high-quality, multi-use healthcare and wellness centres with suitability in the residential and commercial enterprises. Established in 2002, DHCC has become a hub for healthcare related businesses.

DHCC is the best place to start a free zone business setup in Dubai. The jurisdiction ensures the optimum land use to integrate the network of the UAE medical community. Some of the benefits of company formation in DHCC free zone include:

• 100% foreign ownership
• No personal, income, or corporate taxes
• Full repatriation of capital and profits
• Strategic location providing seamless connectivity
• Simple and quick set up process
• World-class infrastructure and facilities
• Business setup with multiple shareholders
• Bank account assistance
• Access to local and international healthcare professionals
• Low operating costs
• 24/7 security facilities

Legal structures permitted in DHCC free zone

• Free zone limited liability company
• Branch of foreign company
• Branch of UAE company establishment

Business setup process in DHCC free zone

The process of setting up a business in DHCC free zone involves the following steps:

• Submission of the application form
• Gaining prior approval from the relevant authority
• Submission of legal documents and payment of the required fee
• Issuance of e-agreement
• Sign e-agreement and share capital letter (FZCO)
• Issuance of e-license

Business activities permitted in DHCC free zone

There are various business activities permitted in Dubai Healthcare City free zone under two categories: Clinical and non-clinical activities. These activities under each category include:

Activities under clinical category:

• Pharmaceutical
• Clinical inpatient and outpatients (hospitals)
• Diagnostic centres and non-diagnostic medical labs
• Patient escort services

Activities under non-clinical category:

• Hotel services
• Events management
• Consultancy
• Food and beverages
• Educational services

Dubai Healthcare City license

All healthcare professional licensing in the Dubai Healthcare City free zone is managed by Dubai Health Authority. There are various licenses available at DHCC free zone including:

• Consultancy
• Trading
• Media
• Industrial
• Freelance

The cost of obtaining a license in the DHCC free zone starts at approximately AED 15,000.

DHCC free zone facilities

The various options of facilities for business setup include:

• Leasing solutions
• Clinical spaces
• Non-clinical (retail) spaces
• Business centre
• Executive desk
• Executive office

Dubai Healthcare City free zone license renewal

The renewal process of businesses in DHCC is a highly cost-effective and simple process. You will be required to submit an audit report starting from the second renewal of your company on an annual basis.

In order to complete the renewal process, you will need to pay the renewal fee and submit the signed lease agreement of your facility. An advantage is that your physical presence in the UAE is not required for renewal and can be completed through an agent.

Business liquidation in DHCC

Similar to renewal, company liquidation also does not need the physical presence of the owner and can be accomplished through an agent. You will be required to pay the government fee to complete the process of liquidation.

Company liquidation process takes about one month and involves the following steps:

• Cancellation of visas
• Termination of the lease agreement
• Closure of bank account

To find out more about various company formation options in Dubai Healthcare City free zone contact Shuraa – One of the best business setup companies in Dubai. Shuraa helps solve your business-related queries and offers you solutions best suited to your company formation in the UAE. Contact us on +971 44081900 or drop a WhatsApp message on +971 507775554. You can also email your query to info@shuraa.com.