DMCC is one of the most famous and reputed free zones in the United Arab Emirates. It has been awarded as Global Free Zone of the Year 5 times. DMCC helps you to register your business excellently in the Emirate of Dubai. Almost it hosts 16,000 companies and it serves as a home to many large multinational companies also. Make everything easy with this Local Consultancy DMCC .
Facilities of DMCC Business:
- DMCC Company gives us 4 options of the facilities to rent while making company formation DMCC such as,
- Flexible desk facility as the minimum required office space.
- It gives you a serviced desk or office.
- The executive office of any business is located in JLTT. The warehouse is in the JAFZA free zone.
The business activities are available from the range of conventional trading or professional services to crypto commodities trading. We can also open a shop, clinic, restaurant, or any other type of retail business as per our interest within the JLT area. Thus, it makes DMCC; free zone companies setup a perfect alternative to a Mainland company because the Mainland Company requires only a local citizen as a sponsor. Whereas, here in DMCC you will be the perfect owner.
License Details of DMCC:
A single license can be used for only 6 business activities which lie under the same group. It is twice more than the average across the United Arab Emirates. DMCC Company set up cost has three major fees such as License of DMCC, One-time registration fees, Rent facility fort Flexi-desk, office or warehouse
Company Setup in DMCC:
The company setup takes 2 to 4 weeks according to the business activity. It is a simple process and half of it can be done remotely. The shareholder needs to visit the office of the authority personally to sign company legal documents. Company formation needs depositing of the share capital to a corporate bank account. This procedure is completed within 60 days after the licensing procedure. Documents required are a passport copy, Utility Bill, CV, Business plan of the activities to be done. The renewal cost of the license is less than the incorporation. Thus DMCC is the greatest choice for opening a real office within Dubai in a developed business community. It is highly recommended to expand without changing the place of your company registration.
DMCC gives an easy way to make almost all minor amendments remotely. During share transfer, the owner has to visit personally or a power of attorney is essential. The amendment is approximately 4,000 AED. Even some amendments can be done freely during the license renewal. The usual amendments would be, change in the company name, location change of the company, and removing or adding the manager of the company. The liquidation in DMCC authority is a substantial process. It requires some process as making the final audit, advertising the company closure in the newspaper, closure of the account of the bank, terminating the lease, canceling the visa, and at last canceling the license of the company. The takes time of almost 2 to 5 months. The government has fixed the fee ranging across 10, 000 AED.