Podcast
Questions and Answers
What is the minimum share capital required for a DMCC Free Zone company?
What is the minimum share capital required for a DMCC Free Zone company?
How long does the DMCC company formation process typically take?
How long does the DMCC company formation process typically take?
What document does DMCC issue for provisional approval?
What document does DMCC issue for provisional approval?
Which document needs to be signed to proceed with the legal process?
Which document needs to be signed to proceed with the legal process?
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What is the purpose of the bank letter issued by DMCC?
What is the purpose of the bank letter issued by DMCC?
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What is the first step in setting up a company in DMCC Free Zone?
What is the first step in setting up a company in DMCC Free Zone?
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What is NOT a requirement when submitting your online application in DMCC Free Zone?
What is NOT a requirement when submitting your online application in DMCC Free Zone?
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What is the fee for paying the initial application in DMCC Free Zone?
What is the fee for paying the initial application in DMCC Free Zone?
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How many types of licenses does DMCC offer for companies?
How many types of licenses does DMCC offer for companies?
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What additional licence can a company apply for in DMCC Free Zone?
What additional licence can a company apply for in DMCC Free Zone?
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What is the registration fee for setting up a company in DMCC Free Zone?
What is the registration fee for setting up a company in DMCC Free Zone?
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Study Notes
DMCC Free Zone Company Formation Process
DMCC Free Zone offers a simple and quick process for setting up a company. The process can be completed entirely online, making it easy for entrepreneurs and businesses to establish a presence in Dubai without having to visit the Free Zone. Here is a step-by-step guide to setting up a company in the DMCC Free Zone:
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Choose Your Licence Type: DMCC offers three types of licences for companies: Trading, Service, and Industrial. Each licence type is specific to the selected business activities, but a company can also apply for multiple licenses or for a general trading license.
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Prepare Required Documents: You will need to provide a copy of your passport, proof of your residential address in your home country, and other documents such as a utility bill or bank statement. For setting up a subsidiary, you will also need to provide a copy of the parent company's certificate of incorporation.
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Submit Your Online Application: Start by submitting your pre-approval application online. This will include information about your business and the selected licence type. After pre-approval, you will receive access to your portal account, where you can complete the application process.
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Pay the Initial Application Fee: Pay the initial application fee of AED 1,035.
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Submit Your Application: Submit your completed application, including the registration fee of AED 9,020 and the licence fee based on your chosen activities.
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Sign the Legal Documents: Sign the legal documents, including the Articles of Association (AoA) for AED 2,020.
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Receive Provisional Approval: DMCC will issue a provisional approval and a bank letter to open a company bank account.
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Sign and Submit Office Documents: Sign and submit the relevant documents for your new office space in DMCC.
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Receive Your E-Licence: DMCC will issue your E-Licence, allowing you to start doing business in the Free Zone.
The process typically takes around 10 working days to complete. DMCC offers multi-year licensing options with discounts for longer validity periods. The minimum share capital for a DMCC Free Zone company is AED 50,000 per company, which needs to be deposited in the company’s bank account in the UAE within six months from the issue date of the company’s licence.
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Description
Learn about the step-by-step process of setting up a company in the DMCC Free Zone, including choosing the license type, preparing required documents, submitting online applications, paying fees, and receiving the E-Licence. Understand the timeline, requirements, and benefits of establishing a company in Dubai's DMCC Free Zone.
