A quick sneak peek on Dubai Flower Centre:
With the Exponential growth of trade pertaining to the perishables and flowers across the globe there is a substantial demand for logistics and commercial solutions which in turn reduces the transit and improves the quality. To accomplish these needs Dubai Flower Centre (DFC) has been deigned which is strategically placed at Dubai International Airport free zone and it is a huge hub for the floriculture industry in Dubai handling the imports and exports of flowers.
The first phase of Dubai Flower Centre got completed at a cost of $ 50 million in the year 2004 and two more phases for the construction are in progress. Dubai Flower Centre has at present has 19 tenants from 11 countries and is supposedly expected to serve 2 billion consumers once fully operational.
It also aims to meet floriculture transportation needs by providing: –
|Rapid consolidation and trans- shipment|
|Increased capacity and connection to and from major global trading points|
|World’s best cool chain management|
|Resources and facilities to enable cost effective value- addition|
|Facilitates and support to enable efficient commercial transactions|
Q) What are the well-known companies that are sheltered in Dubai Flower Centre?
- Alissar flowers
- Shirin flowers
- Ceylinco Foliage Export Ltd and many to pen down.
Q) What are the types of licenses offered to set up the business in Dubai Flower Centre?
|Types of licenses offered to set up the business in Dubai Flower Centre|
Q) What are the various corporate entities in Dubai Flower Centre?
|Free Zone Establishment (FZE)||It is a limited liability establishment incorporated in Dubai Flower Centre. It can be owned by one natural or juridical person with a distinct legal entity and an independent financial liability.|
|Free Zone Company (FZC)||It is a limited liability establishment incorporated in Dubai Flower Centre. It can be started by more than one shareholder with a distinct legal entity and an independent financial liability. Minimum two and maximum five shareholders are required in this FZ.|
|Branch of a Company||A company established outside the UAE can have its branch in Dubai Flower Centre.|
Q) What are the activities allowed in Dubai Flower Centre?
Q) What is the process to set up a company in Dubai Flower Centre?
|Company Set up process||Documents required|
|Filing the application form||Dubai Flower Centre’s application form|
|Mou will be issued along with the provisional approval letter||A brochure of the company (if available)|
|Submitting the legal documents||The company’s annual financial report for the last three years (if available)|
|Final approval letter will be issued along with the lease agreement||Business plan|
|Payment of fees to be made|
|Trade license will be issued|
Q) How to renew a license in Dubai Flower Centre?
|For renewing the license|
|Cost of Renewal is less expensive than that of cost of incorporation.|
|Payment for renewal along with the signed lease agreement for the next year to be submitted.|
|No objection certificate to concerned authority if applicable.|
Q) What is the process to liquidate a company in Dubai Flower Centre?
|Process to Liquidate|
|Cancellation of the visas|
|Termination of lease agreement|
|Closure of the bank account|
|Clearance from Customs in case the entity had a trading activity in the license|
Q) What are the competitive advantages to setup a business in Dubai Flower Centre?
|Simple setting up process|
|No personal income tax and corporate tax|
|100% on foreign ownership.|
|100% profits and capital repatriation.|
|No currency restrictions|
|Dubai Flower Centre is connected with world outlets|
Why Spectrum Auditing?
Spectrum Auditing is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE, Dubai providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.
Reach us to have a frills free life in your journey in Dubai, UAE. We at Spectrum will assist you in taking care of all the legal procedures involved in the registration and de-registration of your company in Dubai Flower Centre. Call us today for any kind of assistance at +971 4 2699329 or email us at [email protected] to get all your queries addressed. Spectrum is your partner in your success.
Article contributed by Aishwarya Parthasarathi, Intern.
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