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BUSINESS SET UP IN DUBAI FLOWER CENTER (DFC): DFC was developed to handle importing and exporting of flowers through a dedicated facility within the Dubai International Airport. Sending and receivin

valid until: 15 May 2019date published: 15 May 2018

1.BUSINESS SET UP IN DUBAI FLOWER CENTER (DFC):
DFC was developed to handle importing and exporting of flowers through a dedicated facility within the Dubai International Airport. Sending and receiving the flowers have become the business and its new hub is none other than the Dubai. At present, DFC free zone has almost 19 tenants from different parts of the world and thus dealing with a variety of horticulture products such as flowers, fruits, and vegetables. The Dubai Flower Centre is a new hub of growth for the floriculture industry in the 21st century.
Benefits:
• It is beautifully located near the Dubai Airport.
•The business is easy and expenses free.
•As it is near to the Dubai International Airport, the rapid consolidation and transshipment are possible.
•The country has best cool chain management and hence, the long life of products are guaranteed.
•The resources of the country, especially the city is cost effective and value for the money.
•100% repatriation of capital and profits,
•100% foreign ownership,
•No currency restriction,
•Efficient commercial transactions.
Types of the company:
•FZE,
•FZCO,
•Branch of UAE or foreign company.
License types for companies in DFC:
•Acquiring a trade license (FZ-LLC),
•LLC license,
•Trading license,
•Service license,
Types of the facility in DFC:
•Land,
•Warehouse,
•Commercial office,
•Fully furnished business center.
Area of business:
•Logistics,
•Trading and
•Retail.
Required documents:
•DFC Application Form,
•Business Plan,
•A brochure of the company (if available),
•Annual financial report of the company for the last three years.

Registration process:
1.Submit filled application form with required documents,
2.Then, the DFC will review company background, space and service requirements, proposed business activities.
3.DFC will issue a preliminary letter of approval within 30 days of having received an application.
4.Memorandum of Understanding (MOU):
The MOU will act as a preliminary agreement between the Dubai Flower Centre and applicant companies. Approved applicants will be sent a Provisional Approval Letter, along with a Memorandum of Understanding (MOU), outlining the basic terms and requirements of operating in the DFC.
5.The DFC will enter into lease agreement negotiations upon receipt of the signed Memorandum of Understanding.
6.After approval, the applicant will receive a provisional letter of approval advising of the required legal documents in order to complete the formalities for setting up the business entity along with the specimen copies of the lease agreement. The applicant should fax back the provisional letter of approval endorsing their acceptance, within ten days of receiving it.
7.The applicant should forward the required legal documents within 30 days to ensure reservation of office/warehouse space and registration of the proposed entity.
8.Within 2 weeks, a final approval letter will be forwarded to the applicant along with the lease agreements and an invoice covering the first year rental and the trade license registration Fee.
9.Applicants should fax back to the Dubai Flower Centre the final approval letter, endorsing their acceptance within one week.
10. Applicants should assign an authorized signatory who signs the lease agreement and collects the trade license. Payment of the invoice covering the trade license registration fee and first year’s rental must be received.
For further information on Dubai Flower Center (DFC) free zone business set up, contact us: 00971589827842 or visit: http://www.mszconsultancy.com

Contact

e-mail: mszconsultancyuae@gmail.com

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