DMCC Free Zone Business Setup
Supreme Services simplifies the process of setting up a business in Dubai, ensuring a smooth journey from incorporation to sustained success. The Dubai Multi Commodities Centre (DMCC) is the most prominent free zone in Dubai, offering numerous benefits to businesses looking to establish their presence in the region. With favorable statistics, global recognition, and investor-friendly policies, the DMCC has become a preferred destination for businesses and corporations. Supreme Services provides comprehensive support to simplify the business setup process in the DMCC Free Zone, ensuring a sustainable path to success.
Company Formation
DMCC Free Zone Business Setup
Free zones have been effectively utilized by UAE authorities to attract international investors and expand business activities in Dubai. Investors have realized that establishing a presence in the UAE opens doors to Asian markets. While Dubai Airport Free Zone and Dubai Media City are well-known, the Dubai Multi Commodities Centre (DMCC) stands out as the largest free zone, hosting over 12,000 companies. It serves as the cornerstone of Dubai’s commerce and economy, playing a pivotal role in both local and international trade. The DMCC’s ability to attract new businesses year after year is unparalleled due to its favorable business environment, strategic location, and extensive business networks. The benefits available in the DMCC, coupled with the features of other free zones, make it an attractive destination for various business setups in Dubai.
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Benefits of DMCC Free Zone
Like other free zones in Dubai, the DMCC offers unique incentives and opportunities for businesses and investors. Some of the key benefits available to Dubai Free Zone companies include:
Duty-Free Imports/Exports: Businesses are exempt from duties on imports and exports, leading to greater efficiency and competitiveness in terms of cost.
Tax-Free Environment: DMCC companies enjoy a tax-free environment, creating a conducive atmosphere for business growth and profitability.
Stimulating Business Environment: The DMCC’s large and diverse business community fosters knowledge sharing, collaboration, and benefits all stakeholders.
No Need for Local Sponsor: Unlike other business setups in Dubai, companies in the DMCC do not require a local sponsor, providing greater freedom and control for investors.
Business-Friendly Policies: The DMCC implements government-friendly business policies, making it an attractive business destination.
Customized Office Space: Businesses and investors can find customized office spaces that fully cater to their specific needs and requirements.
Company Formation
Documents required for branch office in DMCC
For a branch office in the DMCC, the following documents are typically required:
Signed branch office application form.
Document of appointment of the manager of the parent company.
Notarized Memorandum of Association (MoA).
Copy of the registration certificate.
Copies of passports of the manager, shareholders, and directors.
Copy of the Power of Attorney given to the manager of the parent company.
Business plan for setting up a DMCC company.
Documents Required for a Branch Office in a Free Zone
Here are the typical documents required to set up a branch office in a free zone:
Duly signed application forms:
Attested Memorandum and Articles of Association (MOA & AOA)
Manager’s Appointment Letter from the parent company.
Copies of passports of the directors, managers, and secretary and specimen signature.
Copy of Power of Attorney for the manager must be provided.
Business Plan for Company formation in DMCC.
Documents Required for an Individual Shareholder
A utility bill or telephone bill is required to verify the address.
A valid passport copy of the shareholder is necessary.
Copies of passports for the director, manager, and shareholder are required.
A copy of the power of attorney granted to the manager.
Documents to verify the personal information of the shareholder.
The application form must be signed by the authorized representative of the company.
A bank statement confirming the share capital.
A detailed business plan outlining the company’s objectives, operations, and financial projections.
Documents Required for a Corporate Shareholder
Duly signed application forms: These forms are specific to the DMCC and need to be filled out accurately.
Business Plan for the company Registration in DMCC.
Copies of passports of the directors, managers, and shareholders.
Power of Attorney authorizing a specific person to act on behalf of the company.
Certificate of Incorporation or registration.
Board Resolution passed by the board of directors authorizing the establishment of a branch or subsidiary.
