DMCC Company Formation in Dubai
Business Setup in Dubai Multi Commodities Center (DMCC)
Dubai Multi Commodities (DMCC) is considered to be one of the largest and fastest-growing free zones in the UAE. It has facilities, amenities, infrastructures, regulatory frameworks, etc. that provide the business owners what their businesses need and require. It has been gaining momentum when it comes to the domestic economy, and it is expected to rise even more with the Dubai Expo 2020.
This means that the DMCC company setup in Dubai has been rising over the years, resulting in this Dubai free zone authority being a huge location, housing a good number of Dubai free zone companies at its helm. With several DMCC license activities to choose from, competitive Dubai free zone company registration fees, a list of free zones that meet their company’s requirements like Jumeirah Lake Towers free zone, and DMCC license types that investors can choose from, DMCC is a huge place that investors can feel at home at.
DMCC Company formation in Dubai, even if it is quite similar to another business set up in Dubai-free zones, is done with the zone’s systematic way of processing documents for an easy and effective DMCC company formation for every investor. The procedures are expected by the people to be followed by business owners to ensure a proper way of DMCC business setup and in the right timeframe.
Business setup in DMCC shouldn’t be taken lightly as it is not an easy responsibility. Knowing the dos and don’ts in DMCC free zone, finalizing the final DMCC company setup cost, and ensuring that you are fully aware of the right DMCC license cost—these are not easily accomplished. Besides, you will need a lot of information before you are advised to go forward. This is why business setup consultants DMCC are available for investors to be reached. These people are the reason why business setup in Dubai free zones, like JLT free zone, were successfully done; therefore, they know what they are talking about.
With this, the information that business consultants in Dubai are going to provide you are the ones that you need and even the ones that you think you need. So, to help you with making decisions and budget planning, these consultants can provide the estimated Dubai free zone license cost and Dubai free company setup cost for you to be able to ensure that you are financially prepared before conducting a Dubai free company setup. With the help of business setup consultants JLT and in every part of DMCC, you can obtain more information that you need so you can forecast when you are going to be able to regain the amount that you have to spend for the first few months of your operation (such as the above-mentioned DMCC company set up cost, Dubai DMCC free zone company formation cost, other costs to be spent as you operate as one of the Dubai free zone companies like JLT freezone companies).
Business setup consultants at DMCC can answer all questions, such as documents required for trade license renewal in Dubai and DMCC license renewal cost for future reference. It should be noted as well that business setup consultants in Dubai are responsible for taking care of your DMCC business setup. Because of this, they are the ones who will ensure that you have the right documents with you, if you have chosen the correct one among the DMCC license types, or if you need a DMCC flexi desk.
It is therefore imperative that you choose the best company formation consultants in Dubai. Your business setup in UAE-free zones will lie in the hands of these people so you need to find the right people to be on your team.
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Following Industries You Can Setup in DMCC
We cover all the following industries, even if your industry is not on the list you can consult with us we can help you setup.
Benefits of Business Setup in Dubai Multi Commodities Centre (DMCC)
Business formation in Dubai is a well-known activity now in the UAE with the DMCC attracting a huge number of investors to their side. Moreover, there are a lot of business setup consultants JLT as Jumeirah Lake Towers free zone has been rising out of the many free zones of DMCC.
Investors conduct free zone company setups in this zone because of the many advantages that they offer.
- 100% foreign ownership
- Zero tax
- Minimum capital requirement limited restrictions
- No currency restrictions
- No restriction on foreign talent or employees
- Onsite customs
Business Setup Requirements & Procedure
Documents Required for Dubai Free Zone Company Registration – DMCC
- Passport copies of the shareholders
- Passport copies and CV (resume) of the manager
- Personal information sheet of each shareholder and manager (template will be forwarded by Farhat Office & Co.)
- Proof of trade name reservation (part of the process, task of Farhat Office & Co.)
- Proof of initial approval of the activities (part of the process, task of Farhat Office & Co.)
- Proof of residential address (e.g., utility bill copy)
- Summary of business plan (if applicable)
- Notarized Memorandum of Association (MOA), Article of Association (AOA) (Farhat Office & Co. will draft it for you and will assist you to get them notarized by a local notary public); in case the shareholders cannot appear in front of the local notary, they can appoint us (Farhat Office & Co.) as a legal representative so that we will be able to act on their behalf
- Notarized and attested Power of Attorney appointing Farhat Office & Co. as your legal representative so that they can act on your behalf/behalf of the shareholders (template will be forwarded by Farhat Office & Co.)
- Lease agreement (a document) showing a physical address for your new business—having a physical address is mandatory for onshore business in the UAE. The minimum space required is 550 sq. ft. (around 60 sq. m). Your registration agent Farhat Office & Co. can assist you while searching for your physical address. Clients should not enter into any lease contract before we get the initially required approvals.
Additional Requirements Applicable to Corporate Shareholders (Legal Person)
- Board resolution to be resolute by the board of directors for your existing company/entity at the place of origin expressing their intent to establish a new setup abroad; it must be attested by the UAE Embassy (template will be forwarded by Farhat Office & Co.)
- Certificate of registration or business license or certificate of incorporation of your existing company/entity at the place of origin; it must be attested by the UAE Embassy.
- Memorandum of Association (MOA) of your existing company/entity at the place of origin; must be attested by the UAE Embassy.
- Article of Association (AOA) (if any) of your existing company/entity at the place of origin; must be attested and notarized by the UAE Embassy.
Note:
- There are cases that which some authorities may require other documents and requirements
- In some business activities, such as health care, law firm, education training, transportation, construction and contracting, engineering consulting, etc., no objection and permission will be required as mandatory requirements. If your business requires such pre-approvals and/or permissions, there will be an additional cost and additional professional fee for Farhat Office & Co.
The procedure for processing your company formation in DMCC Dubai will range from 2 to 4 weeks.
- The procedure of processing the company setup would range from 2 to 4 weeks.
Support Services Offered in DMCC
For more than 30 years, FAR Consulting Middle East has been providing business setup services in Dubai and all over the UAE. We have all the precise information that you are looking for about business setup. One of the information that we can provide is the estimated Dubai free zone company registration fees so that you can be prepared with the amount needed.
Being your company formation consultants in Dubai, we can do the services below for you for your free zone company registration in Dubai:
- Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
- Representing the client in front of the authorities
- Assisting the client with bank account opening
- Assisting the client in account opening with the Ministry of Labour
- Assisting the client in account opening with the UAE immigration
- Assisting the client in leasing a premise as an address for the business
DMCC Company Set up Cost
The Dubai Multi Commodities Centre allows business setup for activities in more than 20 sectors. The Business Development team of Farahat & Co can assist with the entire process of DMCC free zone company setup including registration and licensing within the desired free zone. The fee table below presents DMCC company setup costs. Contact us for further information on business setup in DMCC.
Cost for Business setup in Dubai Multi Commodities Center (DMCC)
Business Registration and Licensing Cost Fees Application Fee AED 1,015.00 Knowledge Fee & Innovation Fee AED 20.00 Registration Fee (Starting from) AED 9,000.00 Preparation of MOA and AOA (Memorandum and Articles of Association) AED 2,000.00 Cost by Trade Licence Type (Select one of the following) Commercial License Fee AED 20,265.00 Trading License Fee AED 20,265.00 Service License Fee AED 20,265.00 Business Centre License Fee AED 50,265.00 Serviced Office License Fee AED 50,265.00 General Trading License Fee AED 50,265.00 Industrial License Fee (Starting from) AED 8,265.00 Manufacturing License Fee AED 8,265.00 Refineries License Fee AED 25,265.00 Setting up a branch office (Starting from) AED 8,265.00 Setting up a Branch of a Foreign Company (Starting from) AED 8,265.00 Additional Fees for Business Registration Certificate of Good Standing AED 3,015.00 Establishment Card Issuance AED 1,805.00 Chamber of Commerce Fees AED 2,200.00 Visa Processing Cost Bank Guarantee / Employee Visa deposit AED 3,000.00 Emirates ID Application AED 450.00 Medical Test (Starting from) AED 320.00 Employment/Residence Visa (Select one of the following) Employment / Residence Visa – In Country (Starts from) AED 4,562.50 Employment / Residence Visa – Out of the Country (Starts from) AED 3,360.00