Healthcare is a booming industry the world over. Modern healthcare is no longer restricted to medical treatments; it has spread to varied streams like wellness and looking & feeling good.
Why dubai should be your choice for healthcare business setup
1. Why Dubai Should Be Your Choice for Healthcare Business Setup
Healthcare is a booming industry the world over. Modern healthcare is no longer restricted to medical
treatments; it has spread to varied streams like wellness and looking & feeling good.
Dubai has superior healthcare services in both public and private healthcare streams. With availability of
specialized Freezones and modern infrastructural facilities, setting up business in Dubai healthcare
makes absolute sense to large number of business owners. Dubai healthcare business setup presents
itself like the opportunity knocking at your door.
Dubai Healthcare City (DHCC) is one such government organization which empowers you with setting
up your business in Dubai healthcare. DHCC is called the health and wellness destination of the Middle
East.
DHCC Investments is broadly divided in to two categories.
1. The Medical community: It is spread across 4.1million sq. feet (i) and has host of hospitals,
Outpatient clinics, commercial offices and other retail spaces.
2. The Wellness community: It is spread across a massive 19 million sq. feet.
Types of businesses in Dubai healthcare city:
There many areas where you can look into investing in terms of commercial & retail spaces and
wellness. We are listing these down to make it easier for you to comprehend.
a. Clinical outpatient: This includes setting up outpatient facility in a multispecialty hospital,
outpatient surgical clinic, and single specialty clinic, diagnostic centers (radio diagnostics and
clinical laboratory), clinical research center, stem cell therapy center and pharmacy.
b. Health care support: Medical transcription, medical coding and medical billing services, patient
education service and third party administration.
c. Healthcare management: This can also be healthcare investment management.
d. Clinical inpatient: This includes general hospital, specialty hospital, palliative care, nursing
home, rehabilitation and long term care, geriatric care and hospital teaching positions.
e. Professional and management development training: Continuing professional development,
educator’s professional development, human resources training and development, social and
behavioral training and development and management training.
f. Higher education providers Like medical universities, Branch University, junior college and
technical education provider.
g. Healthcare consultancy: Healthcare architectural & engineering consultancy, healthcare medico
legal consultancy, healthcare strategy and planning consultancy, IT management and system
integration and clinical research organization.
h. Child skills development training: This includes solely child skills development center
i. Technical and occupational skills: Hospitality and tourism training, tourism training and
healthcare awareness training.
j. Educational service provider: Student support and academic support services
2. k. Publishing: Publishing of manuals, guides, catalogues, books and magazines
l. Academic service provider: This includes university representative office and academic liaison
office
m. Association(non-profit): Professional association
n. Non-academic service provider: Largely functioning as an infrastructure provider
o. Executive research
p. Outsource: Outsourcing of professional support
q. Event management Organizing business events, festivals and exhibitions
r. Regional headquarters: Marketing office, call center office, back office and admin office
s. Research and development
t. In case of a branch there is an additional category of hotel and leisure service which includes,
hotel accommodation, hotel administration office and guest houses.
Business set up in Dubai -Process
Process of company formation in Dubai under DHCC is largely dictated by two variables
1) Type of business 2) Ownership patterns.
Type of business can be either Freezone LLC (Limited Liability Company) or Branch.
Ownership patterns:
The ownership pattern applicable in Dubai company formation can be 3 types mainly.
A) Ownership by corporate only
B) Ownership by individual only
C) Ownership by individual &corporate
The list of documents that need to be furnished to Dubai Creative Clusters Authority for establishment
and registration in the Dubai Healthcare city can vary from business type and ownership type.
On a broad level, the following documents are required for Dubai healthcare business set up.
1. Board resolution Freezone LLC for corporate shareholder
2. Board resolution FZ LLC- individual shareholder
3. Personnel sponsorship agreement
4. Application for license.
5. Articles of association (required in case of a corporate)
6. Memorandum of association (required in case of a corporate)
7. Registry identification Coder(RIC) form- corporate (required in case of a corporate)
8. RIC form- Natural person
9. Checklist of legal documents to verify FZ LLC combination/for branch.
3. For a freezone limited liability company, the business set up process takes place in 8 steps. For a branch
company, the process is of 7 steps only.
The detailed process Dubai company formation in DHCC is described below
1. DHCC provides information to the applicant: This can be via their website, sales brochure or
directly through sales tele-helpline.
2. Signing of the reservation agreement: The applicant signs the reservation agreement and pays
the admin fee and about 10% of annual rent (ii) to confirm reservation of the place.
3. Application submission for provisional approval: Once the applicant submits the application, the
DHCC reviews it and gives a provisional approval or a rejection. This response takes about 2
weeks’ time. In case of rejection the 10% annual rent is refunded. Process continues for
provisional approval
4. Legal documents submission for company registration: Following provisional approval, the
applicant must submit legal documentation as per check list. Applicant must also pay
registration and license fee.
DHCC then takes about 2 working days to review the legal documentation
5. Signing of article of association and memorandum of association and deposition of share capital
(not application for branch).
6. Commercial license and legal agreement issuance by DHCC 2-5 working days
7. Signing of commercial license and legal agreement in DHCC office
8. Transfer to Partner relation manager for lease renewals, expansions etc.
Minimum capital requirements: Freezones LLC in Dubai healthcare city have a minimum capital
requirement of AED 300,000 for clinical and AED 50,000 (iii)for commercial. Branch establishments have
no minimum capital requirements.
Company formation in Dubai healthcare city has advantages galore. In case you plan to set up in a
freezone you get the advantage of 100% tax-free (no income tax, no custom duty, no corporate tax). You
also get to have 100% ownership of your business.
There are attractive low operating costs, state of the art facilities and modern superior infrastructure to
harp on. There is no bureaucracy and excellent business support services in Dubai to compliment your
business set up in healthcare city.
However, in complicated and niche area such as healthcare, it is advised to seek assistance of Commitbiz
business consultants. At Commitbiz we are fully versed with not just licensing & registration procedures,
but also are aware of field specific business nuances of company formation in Dubai. We have guided
multiple business owners to successfully set up business in Dubai healthcare city.
Get in touch with us at info@commitbiz.com to materialize your ideas into successful business
ventures.