Company Formation in Dubai Outsource City
Dubai Outsource Zone – start your business in Dubai Outsource City (DOC) without any hassle and hidden costs. Contact Shuraa Business Setup for more details.
Developed by the TECOM enterprise, Dubai Outsource City (DOC) is a part of Internet City. The free zone is also commonly known as Dubai Outsource Zone. DOC free zone was launched in 2007 to adhere to the noteworthy growth of the outsourced organizations in the region.
A report titled ‘Outsourcing in the MENA Region’, stated that the city of Dubai accounts for 90% of the UAE’s outsourcing companies. Thus creating a sector-specific jurisdiction and providing convenience for local and foreign business enterprises seeking outsourced services as well as for companies offering subcontracted methods.
Business setup in Dubai Outsource City comprises regional and international outsourcing companies largely involved in business process outsourcing (BPO’s), call centres, HR outsourcing, IT outsourcing, and more.
The Dubai Outsource Zone was launched so that the jurisdiction could cater to the market demand for outsourcing companies. The region currently accommodates participation from a wide range of sectors including internet, technical support, multimedia software, marketing, advertising, telecommunication, IT services and more.
Steps to start your business
1- Determine the type of license and business activities
2- Determine the type of corporate structure
3- Application and submission of all required documents
You will need to acquire the following:
- Immigration card
- Entry permit
- Stamping, medical test, and Emirates ID
You will also need to submit the following documents:
- Passport copy
- Visa copy
- EID copy (if applicable)
- Passport sized photograph
Depending on the opted activities, you may need to submit additional documents.
4- Select the most suitable office space
5- Open a bank account
The types of legal entities allowed in Dubai Outsource Zone
The various legal entities for company formation in the jurisdiction are as follows:
- Free Zone Limited Liability
- Company (FZ-LLC)
- Branch of a foreign company
- Branch of a UAE company
Advantages of company formation in Dubai Outsource Zone
Some of the advantages of company formation in Dubai Outsource zone include:
- 100% foreign ownership
- No personal, income, or corporate taxes
- Full repatriation of capital and profits
- Simple and quick set up process
- 24 hours security services
- Reduced real estate cost
- Digital voice and high-speed data services
- Exemption from all import and export duties; however, you can’t import into mainland
Licenses and activities in Dubai Outsource Zone
There are various licenses issued by DOC authorities. These include:
- Trade License
- Commercial License
- Service License
The DOC free zone structure allows companies to regulate all their outsourcing activities in one centralized community. Some of these activities include:
- Recruitment Services
- Social media outsourcing
- Call centres
- Data services
- Market research
- Data analysis
Dubai Outsource Zone license renewal
The renewal process of businesses in DOC 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 Dubai Outsource zone
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 a government fee to complete the liquidation process.
Company liquidation takes about 1 month to be completed and involves the following steps:
- Cancellation of visas
- Termination of lease agreement
- Closure of bank account
To find out more about various options for business setup in Dubai Outsource 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.
To get started on your business journey and find out more, contact our expert consultants at +97144081900 or send a WhatsApp message on +971507775554. You can also drop in an email at email@example.com and get your queries answered in no time.
Frequently asked questions about Dubai Outsource Zone
Yes, you can renew your license remotely using a registered agent with just an authorization letter and renewal fees.
It takes less than a week to get your license to start your business in the Dubai Outsource Zone.
No, you have 100 % ownership and do not require to have a local partner to start your company.
It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone.
If you want to have your company in a different free zone, you will be required to liquidate your company in the current free zone and then open your company in a different free zone.
Yes, it is a requirement to have office space to set up a business in the UAE. There are various options and packages that come with choosing the right office for the right amount to suit your company.