The process of business setup in Dubai Healthcare City offers foreign investors an unmissable opportunity to establish a presence in Dubai, which is known to be the Middle East’s commercial and medical tourism capital. Starting a healthcare-related business in Dubai Healthcare City is a lucrative business idea as Dubai is at the 6thposition in the Medical Tourism Association’s rankings.
Company formation in Dubai Healthcare City free zone is appealing due to benefits offered such as enhanced patient safety, global talent delivering world-class health services, and access to patient-friendly Dubai Health Experience portal. Being a free zone, foreign investors can fully own their companies in Dubai Healthcare City without the need to appoint UAE national partners. Moreover, the process of business registration in Dubai Healthcare City is simple and flexible. For a hassle-free licensing procedure, investors can apply through business setup consultants in Dubai.
Here’s a list of things everyone should know about opening a business in Dubai Healthcare City Free Zone:
Types of Licenses in Dubai Healthcare City
Any entity must obtain a business license in Dubai Healthcare City to carry out their proposed activities within the free zone. The following licenses are permitted by the Dubai Healthcare City Authority:
- Commercial License
- Professional License
- Clinical License
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Types of Companies in Dubai Healthcare City
Mainly three types of legal entities can be established in Dubai Healthcare City. The types of legal entity or legal structure are determined based on the number of shareholders and the nature of the proposed company. Given below are the types of legal entities recognised by the Dubai Healthcare City Authority:
Free Zone Limited Liability Company
A free zone limited liability company (FZ-LLC) is an independent legal entity that can be formed with individual or corporate shareholders or a mix of both. At least one shareholder and one director is mandatory to set up an FZ-LLC in Dubai Healthcare City
Branch of UAE Company/Branch of UAE Establishment
Any company or establishment incorporated outside Dubai Healthcare City can set up a branch within the free zone. A branch of a local company is legally dependent on its parent entity registered outside the free zone but within the UAE. The branch company in Dubai Healthcare City must be fully owned by the parent company.
Branch of Foreign Company
Companies registered outside the UAE can also set up a branch office within Dubai Healthcare City free zone. The branch of a foreign company is not a legally independent entity and must be fully owned by the parent company. Consult with business setup consultants in Dubai to understand the process of branch company formation within the free zone.
Permitted Activities for Business Setup in Dubai Healthcare City
Activities permitted for business setup in Dubai Healthcare City fall under two main broad categories: clinical and non-clinical activities. The following are some of the activities under each category:
- Clinical inpatient and outpatients (hospitals)
- Diagnostic centres and non-diagnostic medical labs
- Patient escort services
- Hotel services (non-clinical)
- Events management (non-clinical)
- Consultancy (non-clinical)
- Food and beverages (non-clinical)
- Educational services (non-clinical)
Benefits of Business Setup in Dubai Healthcare City
The process of business setup in Dubai Healthcare City offers the investors the following benefits:
- Direct access to an increasingly ageing demographic who will make up 29% of the UAE residents by 2050,
- Benefits of increased focus on healthcare on the national agenda
- Opportunity to launch business activities in Dubai’s health and wellness destination
- Specialists in medical, scientific, research and technical fields can apply for 10-year residency visas
- Access to investment models such as freehold land sales, leasing, and joint ventures
Process of Business Setup in Dubai Healthcare City
Setting up a healthcare business in Dubai Healthcare City is a straightforward process. Investors who use the best business setup services in Dubai can easily navigate the steps. Stated below are the steps associated with the process of business setup in Dubai Healthcare City:
- Sign up as Investor
- Submit Initial application
- Make initial application Payment
- Obtain Provisional Approval
- Submit Commercial License Application
- Make commercial License Payment
- Submit Original Legal Documents as applicable
- Collect Commercial License
Facilities for Company Formation in Dubai Healthcare City
The process of company formation in Dubai Healthcare City enables investors to join a community of over 400 leading global and regional brands. Some of those brands have chosen the free zone as their headquarters on account of the robust facilities in Dubai Healthcare City. The free zone offers attractive leasing or land purchase packages in both DHCC Phase 1 and Phase 2 facilities. The following are some of the top infrastructure facilities in Dubai Healthcare City:
Phase 1 of Dubai Healthcare City
Phase 1 of Dubai Healthcare City is a 4.1 million sq ft facility strategically located in Oud Metha.
Phase 1 is dedicated to healthcare and medical education and is home to a wide range of accredited hospitals and clinics. Business set up consultants in Dubai can help investors choose the right facility.
Phase 2 of Dubai Healthcare City
Phase 2 of Dubai Healthcare City, located in Al Jaddaf, is designed as an urban oasis for partners, businesses residents, visitors. Phase 2 spans over 19 million square feet, overlooking the historic Dubai Creek and Ras Al Khor Wildlife Sanctuary. Phase 2 is home to a thriving community of world-famous healthcare institutions. Phase 2 is ideal for future-focused businesses and health and wellness innovators who can develop available serviced land in line with the free zone’s objectives.
Clinical Complex in Dubai Healthcare City is ideal for setting up speciality clinics, day-surgery centres, pharmacies, medical equipment, pharmaceutical companies, healthcare recruiting companies and consultancies.
Commercial and Retail Spaces
15 world-class buildings provide premium offices for all types of businesses in Dubai Healthcare City. Each building comes with indoor and outdoor parking that can be reserved. Investors can choose the right commercial spaces by availing themselves of business setup services in Dubai.
Companies that require minimum space for performing office work can rent Executive Desks in Dubai Healthcare City. Investors who apply for Executive Desks in Dubai Healthcare City are eligible for only two visas.
Executive Offices are full-fledged furnished offices available in different sizes. Business owners who apply for Executive Offices in Dubai Healthcare City are eligible for only three visas.
Long-term Leasing Solutions
Dubai Healthcare City helps the investors meet their business needs by offering plots for long-term leasing. Clinical or commercial offices qualify for plots with an average gross floor area of 100,000 sq. ft and a recommended height of up to seven floors.
Compliance Required in Dubai Healthcare City
Businesses incorporated in Dubai Healthcare City must meet compliance requirements including Ultimate Beneficial Ownership (UBO), Economic Substance Regulations (ESR) and Anti-Money Laundering & Combatting Financing of Terrorism (AML-CFT). Even companies undergoing liquidation in Dubai Healthcare City are required to meet such compliance requirements. Failing to meet these requirements will lead to hefty penalties and other consequences such as suspension of trade license sharing of information with the foreign competent authority. Consultants who provide business setup services in Dubai can navigate these challenges, thereby avoiding administrative penalties.
Choose the Best Business Setup Services in Dubai, UAE
Investors need to prepare themselves to undertake the process of business setup in Dubai Healthcare City free zone. Even though the licensing process is straightforward, having access to bespoke business setup services in Dubai will help entrepreneurs to gain valuable local market knowledge. Investors can enlist the assistance of business setup consultants in Dubai, such as Jitendra Business Consultants (JBC).
JBC is one of the leading providers of business setup services in Dubai, with over 20 years of experience. We have a team of highly qualified business setup advisers who can help foreign investors to navigate the challenges of UAE laws and immigration laws. Our bespoke services include PRO services, document drafting and legal translation, and compliance services such as ESR, UBO, and AML-CFT. Call us today to ensure a seamless company formation experience in Dubai.