The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA. The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA.
Dubai Textile Village Free Zone

Dubai Textile Village Free Zone

A dedicated trade hub for textile, fashion, and fabric businesses in Dubai.

Dubai Textile Village Free Zone

Dubai Textile City (DTC), located in the Ras Al Khor area (or Al Awir Free Zone), functions under the Jebel Ali Free Zone Authority (JAFZA) or the Dubai Port and Customs Authority joint venture. The free zone was developed with an aim to provide a business environment that enables investors to set up and operate their businesses without the burden of complicated procedures or high costs.

At Dubai Textile City (DTC), investors can choose from several types of licenses depending upon their business requirements, including an import & export license for trading activities, an industrial license for manufacturing activities, and a services license for service providers. Investors are also provided with access to world-class infrastructure such as warehouses and transport facilities.

Additionally, this free zone provides 100% ownership to foreign companies, thereby providing them with greater control over their businesses. Furthermore, it offers attractive tax incentives such as 0% UAE Corporate Tax on Qualifying Income (subject to meeting the Qualifying Free Zone Person - QFZP requirements), zero personal income tax, and exemption from customs duties.

 

Advantages of the Dubai Textile Village Free Zone

Individuals are exempt from paying personal income taxes, and companies can benefit from 0% Corporate Tax on Qualifying Income and VAT exemptions on certain transactions.

  • A foreign commercial organization's absolute property
  • Complete repatriation of funds
  • There are no customs fees
  • A subarenda is an option
  • Long-term rental is available
  • The option of extending the lease

 

In the Following Areas, you can register a Firm in Textile City FZ:
 

  • Textile Trading (Import/Export/Re-export)
  • Garment Manufacturing & Production
  • Related Fashion Services/Design.

 

Process of Business Registration:

  • Reserve a trade name in the UAE and confirm it with the Free Zone authority.
  • Fill out an application
  • Obtain government approval
  • The owner/shareholder/manager must provide a copy of each passport as well as a resume.
  • Make sure to sign a lease and confirm it
  • You must provide a notarized power of attorney when signing a contract with a local agent

 

Why You Need Approved Auditors in Dubai Textile Village?

The Dubai Textile City (DTC) is one of the most important centers for textile trade in the Middle East. All Free Zone companies must submit annual audited financial statements for Trade License renewal (and to maintain 0% Corporate Tax status). Approved auditors play an important role in the Dubai Textile City, ensuring that all trading partners abide by the regulations and codes of conduct set out by the village.

Having an auditor who can identify any potential issues or areas of concern is essential for businesses operating within this market. Auditors are responsible for verifying that vendors comply with local regulations and quality standards, as well as carrying out due diligence when it comes to pricing and availability information. They also ensure that transactions between buyers and sellers are secure and conducted according to accepted industry practices. This assures both parties involved in a transaction, making sure that they receive what they expect from each other.

 

Why Choose Us?

Reyson Badger is a professional auditing service provider in the Dubai Textile City (DTC). The company has been providing quality services to its clients for more than 10 years. With a team of experienced professionals, we have built up our reputation as one of the leading auditing firms in the region.

The team at Reyson Badger offers a variety of quality accounts and audit services to ensure that businesses follow regulations and fulfill their obligations correctly. Our range of services includes accounts payable/receivable audits, inventory analysis and monitoring, process reviews and controls implementation guidance, financial statement preparation, and more.

All these services are designed to help businesses improve their operations by detecting any irregularities or deficiencies in processes or procedures before it’s too late.

Contact us to know more!!!

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