Business setup in DMCC
The Dubai Multi Commodities Centre has become the largest free zone in the UAE and is growing still with more than 11,000 registered companies operating within it. Established in 2002 by the government of Dubai, it is growing at an exponential rate of more than 2000 companies that are there to conduct business and avail its liberal policies and tax-free environment where expats can own 100 % of their business. Its proximity to the biggest business centres and to the port allows companies there to reach out to international markets.
Exsolutions business setup consultants have years of experience and will allow you to get all the pertinent licenses and approvals necessary for company setup in the DMCC.
The Advantages of Company Setup in DMCC
- There is 100 % ownership of your company
- No personal income tax or corporate tax
- Complete Capital Repatriation
- No duty on Import or Export
- State of the art infrastructure
License Types for Business Setup in DMCC
- General Trading License � You can do import, export, and distributing on the types of products that are specified in the license
- Commercial Trading � Import, export, and distribution of the products that are there specified on the license.
- Service License � This allows you to practice consultancy and services which are specified in the license.
Documentation for Company Setup in DMCC
For setting up a company branch- A passport copy and power of attorney for the director, manager, secretary and the signature
- An appointment letter of manager
- A business plan
- Applications signed by signatory
- MOA & articles of association of the parent company
- Certification of incorporation and certificate of registration
- Application by the signatory
- Power of attorney
- Documents of personal details
- Proof of Address
- A copy of passport with six months validity
- Letter of the share capital in the bank
- Business Plan
- Board Resolution validating the creation of a branch or subsidiary
- A passport copy and power of attorney for the director, manager, secretary and the signature
- Business Plan
- Applications signed by signatory
- Certificate of Incorporation
- MOA & articles of association of the parent attested by a relevant authority from the country of origin
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