DMCC

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DMCC COMPANY FORMATION - DMCC COMPANY SETUP IN DUBAI

DUBAI MULTI COMMODITIES CENTER (DMCC) FREE ZONE

A- LOCAL FEES TABLE

Type of License:

A license depends on the DMCC Freezone company’s activity and is required to conduct this activity. The following below is the DMCC  Company Setup Cost. The costs include the registration and License costs for Setting up a business in the DMCC Free Zone area.

1st Year

Subsequent Year

Consultancy License

AED 32,400

AED 50,300

General Trading License

AED 82,400

AED 20,300

Trading License

AED 32,400

AED 20,300

Branch License

AED 30,400

AED 20,300

Office Facility :

An Office is required to be granted a license. The number of visas will depend on the type of license and the rented space. One visa is granted per 9 sqm

Size (sqm)

1st Year

Subsequent Year

Flexi Desk

20-30

AED 16,000 – 18,000

AED 16,000 – 18,000

Service Desk

40-95

AED 25,000 – 35,000

AED 25,000 – 35,000

Service Office

120 – 250

AED 30,000 – 70,000

AED 30,000 – 70,000

Business Center Office

20+

AED 55,000 +

AED 55,000 +

Physical Office

80+

AED 70,000 +

AED 70,000 +

Miscellaneous Documents :

To register in Residency Department an Establishment Card is required.

1st Year

Subsequent Year

Establishment Card

AED 620

Audit Appointment Letter

AED 1,500

Operational Fitness Certificate in case Physical Office

AED 450 – 1,050

Visas:

Visas are valid for 3 years. Cost of each visa varies from the location of the applicant, whether application is inside or outside UAE. A Bank Guarantee Deposit is required and refundable after deregistration of the company.

1st Year

Subsequent Year

Visa inside country

AED 3,800

Visa outside country

AED 3,350

Guarantee Deposit per visa

AED 3,000

Medical test and ID

AED 1,150

B- PROFESSIONAL FEES TABLE

Our Professional Packages are(contact us for fees schedules):
Bronze Package

 

Initial Approval – Registration – Licensing -Company Portal

Flexi Desk Arrangements

Silver Package:

 

Same as Bronze Package
+
Corporate Advisory (Up to 2 hours)
Board Resolution – Audit Appointment Letter
Establishment Card
Company Stamp – Company Letterhead
Details on UAE banking – Guidance on Depositing Share Capital
Obtaining Statement of Accounts

Gold Package

 

Same as Silver Package
+
Corporate Advisory (Up to 3 hours)
P.O. Box Registration
Company Profile
Bank Account Opening Application Assistance
PRO Service for first Company Visa
Business Plan

Platinum Package:

Price depending on the complexity of the structuring and advice

Same as Gold Package
+
Taylor made structuring including:
estate, succession, governance and wealth structuring using offshore entities – Trusts- Foundations
Advisory on corporate shareholding Nominee Shareholder and Corporate Director Services
Consultancy on tax treaties, CRS, AEOI, local inheritance law and DIFC will
Accounting and VAT services
Offshore Bank Account opening in Dubai and Abroad in specific and exclusive banks
Other very valuable services on demand only

Advantages of setting up a company in DMCC Free Zone

  • Depending on the free zone and the chosen activity there could be different share capital requirements
  • Business licenses are issued to companies, allowing them to conduct their activities, depending on the chosen business activity which will also determine the type of legal structures to be used amongst three main classifications: Commercial, Professional and Industrial. Proper planning, Deep knowledge of local culture and legislation norms (federal and free zones ones) are essential at this main and initial stage. Preparing and implementing Business plan, Business registration, Name reservation, licensing procedure and choosing the right free zone require all a deep and sound knowledge of each free zone requirements and advantages to properly structure your plan, reach your goal and target your segment of customers.
  • Companies could be granted tax exemptions, tax residency certificates to benefit of UAE Tax Conventions avoiding cross borders double taxation
  • Companies could benefit of virtual offices avoiding to rent their own office unlike mainland companies
  • 100% ownership by foreign investors regardless of their nationality and residency
  • 100% tax exemption on personal income
  • 100 % tax exemption on corporate income, for more than renewable 15 to 50 years period
  • 100% free repatriation of capital and dividends
  • 100% tax exemption on capital gains
  • Large network of double tax conventions
  • No withholding taxes
  • No inheritance tax
  • No exit tax
  • Exemptions for export and import tax duties
  • 100% transactions confidentiality
  • No public register of Directors and Shareholders
  • Corporate Shareholders allowed

NOTE THAT FOR ALL PACKAGES FOR COMPANY FORMATION IN DMCC DUBAI:All fees listed above may change without prior notice. Additional service fee of AED 12,000 is applicable for obtaining special licenses, opening a Branch or having your Corporate Shareholder. Additional services provided to the client may make him pass from one originally chosen package to another package without notice, upgrading his package and respectively increasing the chargeable fees. Packages excludes: 1. for foreign documents, ministry of Foreign affair certification, notarization, apostille 2. Administrative assistance on tenancy agreement 3. Assistance in obtaining NOC for specific activities. 4. Additional fee of 1,500 AED will apply per signatory. 5. The packages are not applicable when the company has more than 2 individual shareholders in which case additional fees of 2 000 AED per shareholder will apply. 6. Drafting of POA 2 000 AED per applicant. 7. Additional fees apply for preapproval e.g. preapproval license minimum AED600.

UAE’s Free Zones are tax free zones for companies which could be 100% owned by foreigners, regardless of their nationality and residency, without any Emirati partner being required unlike the limited liability companies established outside free zones in the mainland territory with the Departments of Economic Development. In addition these companies are not required to have a service agent to act as liaison with the government authorities unlike some of the mainland companies.

UAE’s free zones are mainly industry focused for companies that fall within their type of business category. Each Free zone has its own governing authority and regulations.

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