Company formation in DMCC

Company Formation Process

The DMCC company formation typically takes around ten working days and involves the following steps:

Company Formation Process

The DMCC company formation typically takes around ten working days and involves the following steps:

Initial Application: Submit an online pre-approval application through the DMCC portal

Document Submission: Prepare and submit required documents, including:

Passport copies of shareholders, directors, managers, resolutions, Memorandum of Association, Article of Association, wherever applicable

Proof of residential address

Business plan (for certain activities)

Know Your Client (KYC) forms

Name Reservation and Approval: DMCC will review your application and reserve your company name

Payment and Documentation: Pay registration and license fees, sign legal documents

Provisional Approval: Receive provisional approval and bank letter for account opening

Office Space: Select and lease business premises within the free zone

License Issuance: Upon completion of all requirements, DMCC will issue your e-license

Types of Licenses

DMCC offers various license types to suit different business activities: Trading License: For import, export, and commodity distribution activities Service License: For professional and consultancy services Industrial License: For light manufacturing and production activities

Company Structures

Businesses can be set up in DMCC as: Free Zone Establishment Free Zone Limited Liability Company Branch of a local or foreign company

Major Benefits

Setting up a company in DMCC offers several advantages: 100% foreign ownership Corporate tax incentive and lowest corporate tax 0% personal income tax 100% capital repatriation Strategic location with excellent infrastructure Flexible office solutions Efficient online services portal and business environment Networking opportunities

Costs

The initial setup costs for a DMCC company typically range from AED 48,000 to AED 85,000, depending on the license duration and office space requirements.

The minimum share capital required is AED 50,000

By adhering to these steps and working with DMCC’s efficient online system, investors can establish their businesses in this dynamic free zone, benefiting from its strategic location, world-class infrastructure, and business-friendly environment.

Our business consultancy services specialise in DMCC company formation, offering comprehensive support throughout the setup process; our business setup experts will make it happen in the shortest possible time frame; our services are:

Expert Help: Alpha Equity MC Consultants provide tailored advice on choosing the proper business structure and activities and advice on DMCC free zone rules and regulations
Documentation Support: The Alpha Equity MC expert team will Help with preparing and submitting all necessary documents
Licensing Support: Guidance on obtaining the appropriate license for your business activities
Office Space Selection Process: Our team assistance in choosing suitable office facilities within DMCC
Bank Account Opening Process: Our team supports hassle-free corporate bank account opening processes by coordinating with major banks in and outside the UAE on behalf of clients.
Ongoing Compliance Process: Alpha Equity MC provides expert advice on maintaining regulatory compliance and managing renewals. DMCC companies must file audited financial statements to meet compliance approvals annually and register in time for VAT and corporate tax registration and return filing services with the Federal Tax Authority.

By leveraging the expertise of specialised consultancy services, businesses can navigate the DMCC company formation process efficiently, ensuring compliance with all regulatory requirements and maximising the benefits of operating in this dynamic free zone. For cost-effective, flawless business setup consultancy.

Feel Free to Contact us for a Consultation.

We will be more than happy to help you. You can also Contact us via our inquiry form.