What documents does a Bangladeshi national need to start a watches trading business in the UAE?

You will need a valid Bangladesh passport (minimum 6 months validity), passport-sized photos, proof of address in Bangladesh, attested documents via Bangladesh Ministry of Foreign Affairs, and a business plan for your watches trading venture.

How long does it take for a Bangladeshi citizen to set up a watches trading company in DMC?

The complete process — from initial application to trade licence issuance — typically takes 5–8 business days. Adding visa processing and bank account opening, the total timeline is approximately 15–25 business days.

What business activities can I include on my DMC licence?

Your DMC licence can include watches trading as the primary activity, along with related activities that fall under the same category. Most free zones allow multiple activities on a single licence, though some may charge a small fee for additional activities. IBA advises on the optimal activity selection for your business needs.

Can a foreigner own 100% of a Watches Trading company in Dubai Media City?

Yes, DMC allows 100% foreign ownership with no requirement for a local partner or sponsor. This is one of the key advantages of establishing your business in this jurisdiction.

What are the tax implications for a Watches Trading business in Dubai Media City?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in DMC may qualify for a 0% corporate tax rate on qualifying income, provided they meet the substance requirements and do not conduct business with the mainland. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

What are the annual renewal costs for a Watches Trading business in Dubai Media City?

The annual licence renewal for a Watches Trading DMC company costs approximately AED 15,000, which covers the trade licence fee. Additional annual costs may include office space rental, visa renewal, and establishment card fees. IBA provides renewal services to ensure uninterrupted business operations.

Do I need to be physically present in the UAE to set up a Watches Trading company in DMC?

Most of the setup process for a watches trading business in DMC can be completed remotely, with documents submitted online or via courier. However, you may need to visit the UAE for Emirates ID biometrics and bank account opening. IBA can coordinate to minimise your required visits.

Watches Trading in Dubai Media City for Bangladeshi nationals

Free ZoneCommercial

Watches Trading in DMC

Starting From

AED 15,000

Setup Time

5 Business Days

Visa Quota

5 Visas

Location

Dubai

About Watches Trading

Setting up a Watches Trading business in Dubai Media City as a Bangladeshi citizen is a straightforward process when you understand the specific requirements that apply to Bangladesh-based entrepreneurs. IBA International has helped hundreds of Bangladeshi business owners navigate the licensing, visa, and banking procedures unique to their nationality.

The licensing process at DMC has been streamlined significantly, with most commercial licences processed within 5 business days. As a free zone entity, you will enjoy 100% foreign ownership with no requirement for a local sponsor. The base licence fee is approximately AED 15,000, making it competitively priced for the services included.

At IBA International, we simplify the process of establishing your watches trading business in Dubai Media City. From selecting the right licence type to securing your visa and opening a corporate bank account, our experienced team ensures every detail is handled professionally and efficiently.

Why DMC for Watches Trading?

Dubai Media City is widely regarded as one of the UAE's premier destinations for commercial businesses, and for good reason.

The jurisdiction offers middle east media hub, which is particularly valuable for watches trading operations. Additionally, home to international media houses ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 12,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 5 residency visas, with options to increase this number as your team grows. Full media production ecosystem further enhances the appeal of DMC for watches trading professionals. Furthermore, 100% foreign ownership positions your watches trading business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DMC remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.

For Bangladeshi nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large Bangladeshi business community.

Middle East media hub

Home to international media houses

Full media production ecosystem

100% foreign ownership

Creative industry networking

Visa Requirements for Bangladeshi Nationals

Bangladeshi nationals require a pre-arranged UAE visa. Employment or investor visa is processed through the company after incorporation. Once your watches trading licence is issued by DMC, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 10–17 business days from licence approval to visa stamping.

Banking for Bangladeshi Business Owners

Bangladeshi entrepreneurs can open corporate accounts with standard documentation. Some banks may require additional proof of business activity. For your watches trading business in DMC, IBA recommends opening a corporate account with a bank that has experience serving Bangladeshi business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Bangladesh-specific attestations required.

Document Attestation for Bangladeshi Nationals

Bangladeshi nationals setting up a business in the UAE will need to attest certain documents through Bangladesh Ministry of Foreign Affairs. This typically includes your passport copy, educational certificates (if applicable for watches trading), and any existing business documents. The attestation must then be verified by the UAE Embassy in Abu Dhabi before submission to DMC.

Requirements & Documents

1Valid Bangladesh passport (minimum 6 months validity)

2Documents attested by Bangladesh Ministry of Foreign Affairs

3UAE Embassy attestation from Abu Dhabi

4Entry stamp or valid UAE visa copy (if applying from within the UAE)

5Completed application form for trade licence

6Proposed company name (2-3 alternatives)

7Proof of residential address (utility bill or bank statement)

8Detailed business plan or activity description

Cost Breakdown

Item	Cost (AED)
License Fee	15,000
Visa Package (per visa)	5,000
Flexi Desk	12,000
Shared Office	20,000
Private Office	45,000
Estimated Total (Year 1)	From AED 32,000

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your watches trading business plan and the best DMC licence options for Bangladeshi nationals.

Document Preparation

Prepare and attest all required documents from Bangladesh through Bangladesh Ministry of Foreign Affairs and the UAE Embassy.

Licence Application

Submit the watches trading licence application to DMC. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official DMC trade licence within 5–8 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Bangladeshi nationals require a pre-arranged UAE visa.

Bank Account

Open a corporate bank account. Bangladeshi entrepreneurs can open corporate accounts with standard documentation.

Start Operations

Your watches trading business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 5 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. DMC allows 100% foreign ownership for all nationalities, including Bangladeshi nationals. No local sponsor or partner is required.

Watches Trading in Other Jurisdictions

DIC

From AED 15,000

RAKEZ

From AED 7,500

DIFC

From AED 12,000

SHAMS

From AED 6,150

JAFZA

From AED 16,000

DMCC

From AED 15,300

IFZA

From AED 11,750

DSO

From AED 12,000