DMCC Company Setup
Efficient and simple registration of your DMCC Dubai Free Zone company or branch, corporate bank account and residence visas.
Take advantage of our all inclusive and cost effective prices for your DMCC company setup in Dubai that include:
- DMCC company name approval.
- Business plan.
- DMCC company formation.
- M & AA and first year licensing as well as post license formalities.
One of the most prestigious Free Zones in the UAE
DMCC is the largest and fastest growing Free Zone in the UAE and is located in Jumeirah Lakes Towers. It is the ideal place to set up your company quickly and grow your business beyond Dubai’s borders. DMCC is now home to more than 10,000 companies and members range from startups to huge conglomerates that benefit from DMCC’s world-class reputation.
Benefits of Setting Up In DMCC
- DMCC offers 100% foreign business ownership.
- Full capital and profits repatriation
- 0% personal and corporate tax, guaranteed for 50 years.
- Access to 2 metro stations, and is strategically positioned in close proximity to Airports and Seaports.
- High quality offices and residential apartments are available at affordable prices for rent or freehold buy.
Corporate Bank Account
Our experienced consultants will assist you through every step of the process and personally accompany you to open your corporate bank account in Dubai. The account will be opened in one of the reputable banks offering excellent online banking facilities, multi currencies and maintaining full confidentiality and non disclosure of information. UAE is an independent country operating outside the European jurisdiction.
Licensing & Business Activities
DMCC offers a very wide range of business activities falling under 3 types of licenses, Services, Commercial and Commodity Trading as well as General Trading. A DMCC Company can have up to 6 business activities from the same category under one license.
The minimum share capital required for a DMCC Company is AED 50,000 and should be deposited in the corporate bank account no later than 3 weeks after the approval of the trading license. The share capital can be withdrawn at any time after the registration process is completed. Branches are exempt from capital requirements.
For the issue of a residence visa the presence of the applicant in Dubai is necessary for 5-7 working days. During this time you will be required to attend a medical checkup, finger print session and your passport will be stamped with the visa. A residence visa is valid for 3 years however the visa holder should visit Dubai at least once every 6 months.
The minimum office facility required for a DMCC license is a Flexi Desk provided by the DMCC Authorities and is approved for 3 visas.
Appointment of Auditor
A DMCC company is required to file annual audited Financial Statements and an Auditor should be appointed within one month after the trade license has been issued.
Simple steps to register your DMCC Company
- Contact us
- Company registration
- Corporate bank account
- Company licensing
- Post licensing
Contact us today for your free consultation and discussion with one of our experts who will advise you on your license, business activities and any other requirement for your DMCC Company formation.
At this stage we will submit to the DMCC Authorities your company application together with a copy of your passport, utility bill, and KYC form for each shareholder, director, manager and company secretary. We will assist you with the preparation of the business plan which should also be submitted together with 3 alternative company names of your preference. The pre-approval stage is expected to take around 2 weeks.
At this stage you should visit us in Dubai to present passports, sign the specimen signature forms, the shareholder resolution and memorandum and articles of association in the presence of the DMCC Authorities. Alternatively, all the above documents should be notarized and Apostilled in your home country. The registration stage is expected to take around 10 days.
At the completion of the registration stage, the DMCC Authorities will issue the Provisional Approval and Bank Letter to be used for the opening of the corporate bank account were the required share capital will be deposited. The presence of the shareholder or bank signatory in Dubai is necessary for at least one day to sign the bank forms.
At this stage a DMCC Flexi Desk office contract or office lease agreement should be signed. Upon completion of the licensing stage, DMCC will issue the company license, memorandum and articles of association, share certificates, certificate of registration and personnel secondment agreement. This stage is expected to take another 10 days.
After the issue of the license and within 30 days, a bank statement showing the deposit of the share capital, an appointment letter of an external auditor and original personnel secondment agreement should be submitted to the DMCC Authorities. Furthermore, a sample of the company letterhead with stamp should also be submitted as well as the share certificate.
We are a friendly team of experienced and professional consultants ready to guide and assist you in all your DMCC Company Formation requirements, including your corporate bank account, receiving your residence visa in the UAE and starting your business in the DMCC Free Trade Zone.
A dedicated consultant will be assigned to you from day one and will work with you until the company formation process has been completed.
Start your DMCC Company today and open a window to a new world of opportunities.