Multi Commodities Center (DMCC Dubai Free Zone) is one of the fastest growing free zones in UAE providing the benefit of 100% expat ownership in a flourishing business district, with 2000 companies joining annually. Once setup successfully it allows 100% capital repatriation and tax holidays, which provides the business time and to procure the resources needed to establish themselves. Company Setup in Dubai DMCC (Multi Commodities Center)
DMCC Free Zone, being closer to major commercial centers has become a great choice for major corporations like American Express, and many other multinational giants to come and do business in DMCC Free Zone. Also the close proximity to International airport and major Ports such as Shaikh Rashid port, Jebel Ali Port etc. gives business more access across the region by sea, road and by air. Advantages of Setting up a Business in DMCC Free Zone
DMCC free zone is the fastest growing free zone in the Gulf region. Commercial and residential properties available on freehold basis or on leasehold basis. Located in a commercial business district. Easy access to international airport along with being well connected to other Emirates. 100% ownership for expat shareholders. Most modern infrastructure with advance technology. Tax holiday and 100% capital repatriation. All types of Business activity with regulated and secure environment. Easy and hassle free licensing and registration process.
Characteristics of DMCC Free Zone
New Company Branch of Foreign Company Representative Office Dubai Multi Commodities Centre (DMCC) limited liability company
Services Commercial Trading General trading
Shareholders and Shares
One Shareholder minimum for a DMCC company. One Director minimum with Seven maximum. Partner / Shareholder in multiple companies allowed. Shares must be fully paid on allocation. Only one class of shares allowed.
Minimum Capital AED 50,000 per company. Minimum par value of each share AED 1,000 or in multiples thereof. Branch are exempted from additional capital requirement. The capital amount should be deposited in bank in no more than 3 weeks upon issuance of trade license.
Note: The share capital can be withdrawn at any time after the above process.
No corporate directors allowed. Manager a must and on Company Visa. License should carry Manager’s name. Should be a natural Person. Shareholder should be present or through an attorney at the Free Zone.
Names must end with the word “DMCC” as the case may be. Location names and religious name / words are not allowed.
Auditor to be appointed by company. Final accounts to be filed as per the request of DMCC authorities.
Other Facilities Offered
Flexi Desk, Service Desk or Office Unit. Employment Visa based on Office size.
NOTE: Driving License and Other functions to be applied through Dubai Govt. Departments. All Companies are subject to UAE law in general and Dubai govt law in some specific cases. Documentation Required
For Individual Shareholder
1. Application forms duly signed by the authorized signatory. 2. Shareholder’s Personal Details. 3. Proof of Address (utility bill or Telephone Bill). 4. Power of attorney (if any) duly authorizing to operate company. 5. Passport copy with six months validity of six months. 6. Specimen Signature, Passport copy & Power of Attorney of Manager, Director & Secretary. 7. Original Bank Share Capital Letter is required. 8. Business Plan.
For Corporate Shareholder
1. Applications forms duly signed by the authorized signatory of Corporate entity. 2. Certificate of Registration (or) Certificate of Incorporation of Corporate entity. 3. Memorandum & Articles of Association of the Parent Company. (Attested by relevant authority in Home country) 4. Board Resolution passed in Board meeting for set up of Branch or subsidiary company in DMCC. 5. Specimen Signature, Passport copy & Power of Attorney for Manager, Director & Secretary. 6. Letter from the parent company for the appointment of a Manager. 7. Business Plan
Documents Required to Establish a Branch in DMCC Free Zone
1. Application forms duly signed by the authorized signatory. 2. Certificate of Registration (or) Certificate of Incorporation of Corporate entity. 3. Memorandum & Articles of Association of the Parent Company. (Attested by relevant authority in Home country) 4. Specimen Signature, Passport copy & Power of Attorney for Manager, Director & Secretary. 5. Board Resolution calling for the establishment a branch in DMCC and guarantee full financial commitment. 6. Letter from the parent company for the appointment of Manager. 7. Business Plan …………………………………………………….
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