Dubai Healthcare City Free Zone (DHCC) was established in 2002 and it is an economic free zone offering high-end healthcare services and also development possibilities for foreign investors through its foreign investment incentives.
The Dubai Healthcare City Authority supervises the DHCC Free Zone and sets out the rules and regulations for companies. The Dubai Healthcare City Authority has four departments:
The video below shows the main characteristics of Dubai Healthcare City Free Zone:
Registration and licensing of companies is possible in the DHCC through the Registration and Licensing Department in the Dubai Healthcare City Authority. The department is made up by the company registry unit and business licensing unit.
The company registry unit is in charge with:
The business licensing unit issues the commercial licenses that enable companies to establish in the Dubai Healthcare City Free Zone. The commercial license is released for a year and can be renewed yearly.
Free zone limited liability companies and branch offices of both UAE and foreign companies can obtain commercial, medical and service licenses. They can have at least one shareholder and two directors. The start-up share capital for setting up a company depends on the type of license the company requests and must be paid upon the incorporation of the company.
The minimum value of a share must be 1,000 AED. The company must also have a manager and the shareholder must live in the free zone or have a representative of the company living in DHCC. The company is also required to have an auditor and hold a general meeting of the shareholders once a year.
Depending on the type of company, the following documents must be provided upon the registration of the company:
The DTMFZA allows for a significant number of operations to be carried out by companies operating here. Among these are:
The DTMFZA does not issued commercial licenses for manufacturing activities.
For those setting up treatment facilities there is also the option of obtaining their professional license with the Dubai Healthcare City Authorities.
DHCC companies benefit from:
If you want to open a company in Dubai and want details about the Commercial Law, you can contact our company incorporation agents in Dubai.