Steps for Company Incorporation in DMCC

Dubai Multi Commodities Centre or DMCC is one of the most sought-after freezones in UAE for trading international commodities. With over 20,000 established businesses, it is the perfect place to set up your dream business. DMCC Freezone provides licenses for various business activities in 20 sectors including Energy, Commodities, Gold and Diamonds, Technology, Constructions, FMCG, Healthcare, Aviation, Shipping, Education, Media, Professional Services, Financial Services as well as Personal and Community Services.

Advantages of Setting Up your Business in DMCC

• Enjoy 100% ownership & Capital Repatriation
• Connect with experts from 20,000 companies
• Strategic Location
• Hassle-free Licensing and Registration procedure
• Top-class infrastructure
• Choose from a multitude of industry-specific activities
• Ability to purchase premises
• Economical freight rates
• Affordable Company Setup Costs
• 50-year tax holiday assured on personal and income taxes
• No foreign exchange controls or barriers to entry
• Ability to set up a branch, subsidiary or new limited liability company
• Flexible office space solutions including flexi-desks and business centres for lease or sale

Required Documents for Company Incorporation in DMCC:

If Individual Shareholder

• Three proposed company names
• Passport copy of the shareholder, director, HR signatory and Manager
• Latest Utility bill of the shareholder, director, HR signatory and Manager
• Experience details of the shareholder, director, HR signatory and Manager
• Proposed business activities
• Business Plan (If required)

Note: Documentation requirements are not exclusive lists and any further documents or information required by Government Authorities during the course of company incorporation in DMCC has to be provided by the company.

If Corporate Shareholder

• Certificate of registration/incorporation Certificate of the parent company – Notarized from country of origin
• Memorandum of association and Article of Association of the parent company – Notarized from country of origin
• Certificate of Good standing/Incumbency certificate of the parent company – notarized from country of origin
• Board Resolution of the parent company (template shall be provided) – duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE
• Ultimate Beneficiary Owners (UBO) details of the parent company
• Passport copy of the Director, HR signatory, Secretary and Manager
• Latest Utility bill of the Director, HR signatory, Secretary and Manager
• NOC from sponsor, if the Director, HR signatory, Secretary and Manager is holding valid residency visa in UAE
• Experience details of the Director, HR signatory, Secretary and Manager
• Proposed business activities
• Business Plan

Note:

1. Documentation requirements are not exclusive lists and any further documents or information required by Govt. Authorities during the course of company incorporation in DMCC has to be provided by the Company.
2. If the parent company is not a listed company, then documents 1,2,3 should be duly attested and notarized by the UAE embassy in the country of origin and Ministry of foreign Affairs, UAE for bank account opening.

Steps for Company Incorporation in DMCC

1. Preparing the necessary documents

Initiating the company registration process by filling in all the necessary documents.

2. Select the right license according to the activity

Select from these three license options in DMCC according to your activity: Trading, Service and Industrial. Trading license permits the buying and selling, and import and export of goods from, to, and within the UAE. Service License is necessary for delivering services in sectors such as professional, legal, financial, media, technology, education, energy and healthcare. It is also ideal for representative offices of foreign companies, holding companies, family offices, and for retail activities such as restaurants & cafes. Industrial License is given for light manufacturing inside DMCC such as making jewellery with precious metals & stones and for Coffee & Tea related activities (blending, packaging, roasting, storage etc.

3. Name & Initial approval

Applying for the company name with 3 proposed names. Authority would approve one company name by order first in first if it is available. DMCC company names ends with DMCC not with FZE, FZC or FZLLC.

4. Renting an Office Space

The next step is to rent an office space/Virtual office/flexi desk within the DMCC freezone/JLT.

5. Select the right license according to the activity

Select from these three license options in DMCC according to your activity: Trading, Service and Industrial. Trading license permits the buying and selling, and import and export of goods from, to, and within the UAE. Service License is necessary for delivering services in sectors such as professional, legal, financial, media, technology, education, energy and healthcare. It is also ideal for representative offices of foreign companies, holding companies, family offices, and for retail activities such as restaurants & cafes. Industrial License is given for light manufacturing inside DMCC such as making jewellery with precious metals & stones and for Coffee & Tea related activities (blending, packaging, roasting, storage etc.

6. Making the final Payment

Once we are ready with all the approvals from the authority, we need to make the final payment for the Company Incorporation in DMCC.

7. Signing of MOA & AOA

Currently, DMCC has introduced E-signing facility to sign the documents through online. Passport verification also will be done on the same time.

8. Receiving Business License

Once you finalize the business location, you can obtain the company incorporation documentation, including a trade license, certificate of incorporation, and Memorandum of Articles and Association, Share certificate, Confirmation letter to open bank account in Dubai.

9. Receiving Immigration Card

Once the company is Incorporated, we will get the company’ Immigration card in a couple of days.

10. Corporate Bank Account Opening

Setting up a corporate bank account is a pivotal step when you Incorporate a company in the UAE.

11. Obtain Investor/ work visas

The next step is to obtain employment residence permit for applicants outside the country. It is necessary to get the right entry working permit for employees.

How Corpin Helps in DMCC Company Incorporation?

If you are planning to set up a new company or the branch of a company in DMCC, Corpin Consultants can make the entire journey easier for you. Our expert team will guide you through every step of company incorporation in DMCC process so that you can focus on the core areas of your business. Apart from documentation and license acquiring, we provide visa assistance for employees, investors, or shareholders. We also offer assistance for opening your corporate bank account and personal bank account.

Contact us at info@corpinconsultants.com or +971 55 843 2911 for a free consultation.