DMCC FREE ZONE COMPANY FORMATION

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DMCC Free Zone Company Registration

Largest and fastest growing Free Zone in Dubai UAE. Established in 2002 as a strategic initiative of the Government of Dubai. Strategic location on Sheikh Zayed Road, connecting Abu Dhabi and Dubai, and in close proximity to Dubai Logistics Corridor. Wide variety of quality commercial, retail, residential and industrial space offered

Comprehensive client relationship management providing a fast and efficient service for the collection and processing of all documentation and issuance of licenses

DMCC Free Zone Company Formation

DMCC Free Zone:

Legal fee 2990 USD

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An Application Form

DMCC Company is an appropriate vehicle for sole proprietors, business partnerships and international business, investment and tax planning.

DMCC Free Zone Company Formation. DMCC Free Zone

Main Characteristics and the basic rules of Company registration in DMCC Free Zone

Type of Companies

DMCC Free Zone Company Formation – Type of Companies and main Characteristics:

DMCC Free Zone Limited liability company (FZ LLC) as a newly formed entity with single or multiple shareholders
DMCC Free Zone Limited liability company (FZ LLC) as a wholly owned subsidiary of local or foreign company
Branch

A branch is considered a legal entity of its parent company
An entity established outside of the DMCC Free Zone can establish a branch within DMCC.

DMCC Free Zone Company Formation – Type of Licences DMCC Free Zone:

Type of licence depends on type of activity your business participates. Licenses for a full range of business activities:

Trading
Service
Industrial

Feature & Structure of FZ

DMCC Free Zone Company Formation – Feature of DMCC Free Zone

Time to form: 5-6 weeks
Personal Presence Required: Yes for bank account opening
Place of business: Allowed to do business internationally, in the UAE, and have an office in Dubai
Confidentiality: 100% confidentiality

DMCC Free Zone Formation Structure

Registered Office: Yes required, DMCC Free Zone / Jumeirah Lakes Towers, Dubai.
Directors: Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
Number of directors needed: The minimum number of directors is two.
Shareholders: FZ LLC can be formed with one or more shareholders
Share Capital requirement: The minimum share capital for a DMCC Free Zone company is AED 50,000 per company and AED 10,000 per shareholder.The share capital needs to be deposited in the company’s local bank account within three weeks from the issue date of the company’s license. It can be withdrawn anytime thereafter
Branches of companies do not have a share capital requirement
Foreigner ownership: 100% foreign ownership
Local sponsors requirement: Not required
Any restrictions on capital repatriation: 100% repatriation of capital and profits. No restriction on capital repatriation.
Name of a Company: The name of the company may end with the word “DMCC”
Company office in UAE: Allowed to have an office in the UAE

Restrictions & Exemptions

DMCC Free Zone Company Formation & Exemptions

DMCC Free Zone Company shall not use restricted words in the name or trade :

Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Global”, “International”, “Middle East”, “UAE”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-

(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;

(b) the patronage of their Highnesses the members of the Federal National Council.

Trading Restrictions of DMCC Free Zone Company: Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted

Confidentiality and Privacy

DMCC Free Zone Company Formation – Confidentiality and Privacy

Publicly Accessible Records (relating to company officers): No names are disclosed
Disclosure of Beneficial Ownership to Authorities: No names are disclosed
Location of Meetings of Directors and Shareholders: Anywhere

DMCC Free Zone Legislation and Government

Government: DMCC Free Zone Authority
Governing corporate legislation:
Language of Corporate Documents: English/Arabic

Records and Taxation

DMCC Free Zone Company Formation – Books and Records

Requirements to File Accounts: None
Audit Requirements: Audited Accounts required to be lodged annually
Requirement to File Annual Return: None

DMCC Free Zone Company Taxation & Fees

Any corporate tax: 0% corporate and personal income tax rate guaranteed for 50 years
Any Personal Income tax: No personal income tax
Taxation: 0
Double Taxation Treaty Access: None
Are there imports or re-exports duties: Total exemption from all import and export duties.
Annual Renewal Fees: Has to be paid on the anniversary of the company and every twelve (12) months thereafter

the company and every twelve (12) months thereafter

Facilities and Support

DMCC Free Zone Company Formation – Land and Facilities

Facilities: Each facility is designed to meet the specific needs
Plots of Land: DMCC provides plots of various sizes for short and long-term lease

Bank account for DMCC Free Zone Company

Business bank account: Bank account can be opened in any banks in the UAE

DMCC Free Zone Visa

Possibility to get resident or employment visas for investor: Possibility to get resident or employment visas for investor and employees.

DMCC Free Zone Currency

Standard currency: Dirham (AED).
Exchange Control: No Taxation Treaties with other countries; No requirement for exchange of information with other Tax Authorities.
Any Currency restrictions: No currency restrictions.

How to Proceed

DMCC Free Zone – How to Proceed

Three simple steps to register your company in DMCC:

We will help you to select a company type, licence type, size of office (land).
We will complete all necessary documents and submit them the register.
We first submit name preferences and copy passport this has to go through Immigration clearance which is the longest wait although should be about 2 weeks it can take longer. Once approved we pay the fees submit the application and await formation and issue of Trade License and MOA this takes about 2-3 weeks.
You will receive your license and product(s).

Documents Required for DMCC Free Zone company formation

Individuals:

Passport copy (visa page copy, if applicable)
Proof of residential address (e.g. utility bill copy)
Summary of business plan, if applicable
If applying as a branch or a subsidiary, copies of the parent company documents to be notarised and attested
No Objection Certificate from sponsor, if holding a valid UAE visa
Certain business activities have additional requirements (e.g. third party approvals from regulating authorities)

or service licence