Building Success Business Setup in DMCC Free Zone Decoded

DMCC is quickly growing as well as the largest free trade zone in the United Arab Emirates with more than 11,000 plus registered businesses. DMCC was settled in 2002 by the authority of Dubai to form a business center for commodity-related businesses. Hence, there are a lot of advantages for Business setup in DMCC.

The DMCC free zone is exponentially growing as annually 2,000 plus companies are registering to conduct business under free zone liberal business policies and enjoy benefits of 100% expat ownership. With a deep understanding of DMCC Free Zone and we at MSZ corporate services provider can guide you through the course.

Advantages of Business setup in DMCC Free Zone

• 100% foreign ownership
• No taxation
• No restriction on capital repatriation
• No duty levied on import/export
• Flexible Office Solutions
• World-class infrastructure

Business Setup in DMCC require the following License Types

1. General Trading License: This type of license allows importing, exporting, consolidating, distributing, and store several types of products.
2. Commercial/Trading License: This type of license allows importing, exporting, consolidating, distributing, and store the number of types of products that are specified in the license.
3. Service License: This type of license allows you to carry out activities such as consultancy or service that are specified in the license.

Company formations require the following Documentation

Setting up a Branch in DMCC Free Zone need the following documents

• Copy of Passport & Power of Attorney for Manager, Director, Secretary, and Specimen Signature.
• Appointment Letter of Manager from the parent company.
• Company formation in DMCC free zone need Business Plan
• Memorandum & Articles of Association of the Parent Company. (Attested by a relevant authority in Home country)
• Certificate of Registration and or Certificate of Incorporation of Corporate entity.

For Individual Shareholder Following documents will be needed for company formation in DMCC Free zone 

• Company formation in DMCC Duly signed application by the authorized signatory.
• Company formation in DMCC free zone requires Power of attorney if any duly authorizing to operate the company.
• Company formation in DMCC need documents showing shareholder’s Details.
• Company formation in DMCC needs documented Proof of Address (utility bill or Telephone Bill).
• Company formation in DMCC copy of Passport with six months validity required.
• Copy of Passport & Power of Attorney for Manager, Director, Secretary, and Specimen Signature.
• Company formation in DMCC original letter of Bank Share Capital is required.
• Company formation in DMCC free zone require Business Plan

For Corporate Shareholder Following documents will be needed for company formation in DMCC 

• Board Resolution passed in a Board meeting for the formation of a branch or subsidiary company in DMCC.
• Copy of Passport & Power of Attorney for Manager, Director, Secretary, and Specimen Signature.
• Company formation in DMCC free zone need Business Plan
• Company formation in DMCC free zone require Business Plan
• Certificate of Registration and or Certificate of Incorporation of Corporate entity.
• Memorandum & Articles of Association of the Parent Company which should also be attested by a relevant authority in the Home country

With decades of experience in the market, we at MSZ corporate services provider can offer you a transparent licensing as well as registration process that suits you the best. Our business setup consultants will guide you at every step. Click Here to Contact MSZ or Email to info@msz.ae.