SMART INVESTMENT DUBAI HEALTHCARE CITY FREE ZONE’S REDUCED COMPANY SETUP COSTS DRIVE BUSINESS GROWTH

This article was updated on July 5th, 2023

This article has been researched and written by Scott Greaves and the team at Creation Business Consultants and has not used AI in generating this article.

Dubai Healthcare City (DHCC) launched in 2002, is a healthcare landmark facilitating individuals and corporations to advance their healthcare services, engage with the community and enjoy the energy of a healthcare district. DHCC attracts those in the healthcare sector that want to setup and start a company in Dubai whilst being centrally located in the heart of the city.

DHCC free zone is governed by DHCA and is regulated by the independent regulatory arm, Dubai Healthcare City Authority Regulation (DHCR), whose quality standards are accredited by the International Society for Quality in Healthcare (ISQua).

DHCC is the world’s largest healthcare free zone that comprises of two phases.

Phase 1, which is dedicated to healthcare and medical education and occupies 4.1 million square feet. Phase 1 in Oud Metha is now a centre of excellence for healthcare and medical education on a global scale. Here, quality care and treatment are provided by well-known figures in the worldwide health and education sectors, drawing an increasing number of patients from both domestic and foreign locations each year. This booming center offers everything required for fruitful commercial operations and patient assistance, including cutting-edge lodging and hospitality options.
For DHCC partners, businesses, residents, and visitors, Phase 2, which covers more than 19 million square feet and looks out over the storied Dubai Creek and Ras Al Khor Wildlife Sanctuary, will be an urban oasis. A neighbourhood that encourages healthy living, supports sustainable design, and welcomes cutting-edge healthcare and wellness concepts from across the world, Phase 2 is already home to several famous institutions.

DHCC core sectors focus is within the health care industry. It aims to reduce the cost of doing business in Dubai, enhance economic growth and further cementing Dubai’s position as the destination of choice for foreign investment. The overall goal is to attract even more healthcare, medical education, and wellness sectors towards setting up a business in Dubai Healthcare City (DHCC) Free Zone.

DHCC has close to 215 clinical partners including hospitals, outpatient medical centres, recreational and clinical facilities, and diagnostic laboratories across 4425 plus specialties with licensed healthcare professionals from almost 100 countries, strengthening its medical tourism portfolio. DHCC is also home to academic institution the Mohammed Bin Rashid University of Medicine and Health Sciences, part of the Mohammed Bin Rashid Academic Medical Centre.

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WHAT ARE THE ADVANTAGES OF SETTING UP & HAVING A DUBAI HEALTHCARE CITY COMPANY?

100% foreign ownership.
Complete capital and profit repatriation.
A 50-year guarantee of personal, income, and corporation tax exemptions.
Customs duty-free purchases of goods and services.
Completely tax-free.
There are no trade obstacles, quotas, or capital limitations.
Reasonable costs.

WHAT ARE THE COMMERCIAL BENEFITS OF SETTING UP & HAVING A DUBAI HEALTHCARE CITY COMPANY?

Low operational expenses.
Cutting-edge facilities.
Flexible real estate design to meet industry/business needs.
Integrated healthcare network offering specialised, top-notch medical care.
Access to a global and regional healthcare professional network.
Profitable investment prospects and cash gains.
Enhanced brand awareness.

WHAT ARE THE LEGAL STRUCTURE OPTIONS AVAILABLE WHEN SETTING UP A DUBAI HEALTHCARE CITY COMPANY?

Free Zone Limited Liability Company (FZ LLC).
Branch of a foreign company.
Branch of UAE company/establishment.

WHAT BUSINESS ACTIVITIES ARE AVAILABLE IN DHCC FREE ZONE?

In DHCC, a variety of commercial activities are allowed in the clinical and non-clinical activity categories. The following activities fall under each category:

Clinical-related activities:

Pharmaceutical
Hospitals’ clinical inpatient and outpatient populations
Non-diagnostic medical labs and diagnostic centres
Services for patient escort

Non-clinical activity categories:

Hotel amenities
Management of events
Consultancy
Foods and drinks
Academic services
Permitted business activity

EXISTING LICENSES

Dubai Health Authority oversees all healthcare professional licensing in the free zone that is Dubai Healthcare City. At the DHCC free zone, a variety of licenses are accessible, including:

Media
Industrial
Freelance
Consultancy
Trading

TAKEAWAY

There are various procedures and requirements that you need to prepare and take into consideration to successfully operate a business in the UAE. From selecting the right structure for your company, to drafting the correct documentation, to business license and office registration, visa services, banking support, accounting, bookkeeping, payroll, compliance, and tax services. Creation Business Consultants will help you throughout the entire process. Creation Business Consultants has a dedicated Corporate Structuring and Tax team with extensive experience of advising foreign investors on corporate structuring and related issues into the UAE. If you have any questions or wish to explore your options for setting up a company in Dubai Healthcare City, contact via email at [email protected] or call UAE at +971 4 878 6240.