Foreign investor can fully own a healthcare facility in Dubai?
Many investors are cautious when it comes to establishing a healthcare facility in Dubai as most of them are under the impression that such facilities mandatorily require appointment of an Emirati local partner or a National Service Agent.
Dubai Healthcare City (DHCC) is the largest healthcare free zone in the UAE, launched in 2002. DHCC was established to cater to the UAE’s high demand for first-class and patient-centred healthcare.
An investor/company has the option to open a healthcare facility and operate in DHCC by obtaining a Commercial Licence either as a Free Zone Limited Liability Company or a Branch of an existing foreign/local company.
DHCC offers a wide range of services in healthcare, pharmaceuticals, medical equipment, medical education and research, and wellness related care.
Where does UAE rank in global health care? The UAE was ranked with the best health care sector in the Middle East, while also faring high scores on a global scale. An annual Bloomberg analysis that was carried out in almost 200 countries ranked countries according to a health-efficiency index to rank with average life-spans of at least 70 years, gross domestic product (GDP) per-capita exceeding $5,000 (Dh18,366) and a population of 5 million. Find more here: https://gulfnews.com/news/uae/health/where-does-uae-rank-in-global-health-care-1.2282271
Phase I Healthcare, medical education and research.
A cohesive community in which healthcare, medical education and research along with hospitality, retail and residential amenities, benefit patients and the health of the UAE society and its guests. Phase II A unique offering of a wellness destination.
Ongoing wellness expansion project master plan includes components for specialized facilities, residences, retail, hospitality and leisure
Abstracted to inspire healthy living with offerings of wellness centres, sidewalks, parks, jogging and biking trails.
Dubai Healthcare City Authority – Regulatory (DHCR) is the autonomous supervisory arm of Dubai Healthcare City Authority (DHCA) – responsible for the establishment and registration of companies, and safeguarding compliance and implementation of international excellence standards for both clinical and non-clinical facilities in DHCC.
Setting up a facility in DHCC can be a complex task, and there are many factors to take into consideration. Seeking professional advice from the team at PRO Partner Group will save your time and money and will allow you to invest more time in your business.
Greg Hastings is the Business Development Manager at PRO Partner Group. For further information on setting up a company in the UAE or any other queries, please contact Greg or call a member of the team on: T: +971 (0)4 456 1761 (Dubai) T: +971 (0)2 448 5120 (Abu Dhabi) firstname.lastname@example.org www.propartnergroup.com