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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 are providing 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 for it to rise even more with the Dubai Expo 2020.

This means that DMCC company setup Dubai has been rising over the years, resulting to this Dubai free zone authority to be a huge location, housing a good number of Dubai free zone companies in its helm. With a number of 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 definitely feel at home at.

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  • Following industries you can setup in DMCC

    We covers all the following industries, even if your industry not in 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 setup 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 in order 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/on 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 in 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 for establishing 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; it must be attested by the UAE Embassy.
    • Article of Association (AOA) (if any) of your existing company/entity at the place of origin; it must be attested and notarized by the UAE Embassy.

    Note:

    • There are cases that 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 of 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 with regard to 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 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 in 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 cost. 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

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 19th September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

    Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.