One of several Free Zones in the UAE, The DMCC is the ideal place for company formations from start-ups to large corporations. Located close to Dubai Marina and Mall of the Emirates, the DMCC is world class business hub, located in Jumeirah Lake Towers and is ten minutes from Jebel Ali Sea and Air Ports and the Logistic corridor.
As a premier investment authority, DMCC, gives potential investors, individuals and companies numerous benefits in setting up a DMCC Limited Liability Company.
Although having the same regulatory authorities, the DMCC free zone companies have can operate in the commodities and allied sectors, while the Jumeirah Lake Towers (JLT) free zones operate in the non-commodities related sectors.
In a near to zero crime area, it provides one of the perfect area links between the East and the West.
- Modern legislative framework
- Full Business Ownership
- Tax Benefits – No Corporate or Personal Tax
- Dynamic Community
- Networking Events
- Training Sessions
- Secure Regulated Environment
- Licensing for a full range of business services
(Trading, Service and Industrial)
- Property Solutions – Freehold, Commercial and Residential
(For sale or lease)
- Forex Company
- Financial Services
- General Trading
- Import and Export
- Holding Company
- E-Commerce – Internet Trading
A DMCC LLC may not engage in banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business are not permitted.
A DMCC LLC can trade directly with a UAE company which holds and import/export license or it can enter into an agreement with a logistics company, which shall clear the goods and deliver them to the mainland.
A Free Zone License holder is permitted to import goods into the Free Zone from any Country without paying custom duty. There is only a duty if goods are moved out of the Free Zone. There are facilitates that provide for the storage of goods which are to be re-exported but the LLC is required to pay a deposit which is equal to the custom duty of the goods, upon re-export, the deposit is refunded.
The DMCC has no port of its own but JLT is located at only 10km along the Jebel Ali Port, one of the largest ports in the world. A DMCC Free Zone company many not retail its goods to the local markets directly, only through a distributor.
It is important to obtain and to re-apply for the license or licenses for which your business has received authorisation, to continue to act in that capacity.
Decision on the type of company: –
Limited liability Company as a newly formed entity with single or multiple shareholders.
Limited liability Company as a wholly owned subsidiary of local or foreign company.
Branch of local or foreign company
Decision on the type of business activities license according to business plan:-
License is specific to the selected activities. Application of multiple licenses or for a general trading license is also offered.
Licenses offered are Trading, Service and Industrial Licenses.
There us also the option of an e-commerce license structure which enables the company to set up an online platform or digital marketplace which promotes third party products and services and which facilitates commercial transactions between buyers and sellers in return for a commission or remuneration.
Other requirements are Original Valid Passport and proof of residential address (such as a Utility bill copy), Summary of the Company’s Business Plan and a Board Resolution to establish the company. In the instance of applying as a branch or subsidiary, copies of the parent company documents need to be notarised and attested.
A no “Objection Certificate” from sponsor, if holding a valid UAE visa. A registered address in the Free Zone.
Certain business activities have additional requirements such as third party approvals from regulating authorities.
|Company Type||DMCC Limited Liability Company|
Federal and Sharia
As well as Independent System for Free Zone
DMCC Free Zone - Rules and Regulations
|Registered Office Required||Yes - Must have office space in Free Zone|
|Local Registered Agent Required||Yes - Resident Visa is also required|
|Shelf Companies Permitted||No|
|Migration Of Domicile||Yes|
|Average Time To Form Company|
3 to 4 Business Working Weeks
(Including arranging of office space and visas)
|Minimum Government Formation Charge|
Pre-approval - AED 1,000 one-time charge
Registration - AED 9,010 one-time charge
License - AED 20,010 annual fee* Dependant on License
Memorandum of Association (MOA) - AED 2,010 one-time
(not applicable for branch set up)
Residence visa - AED 3,300 (Payable every 3 years)
+ AED 3,000 (refundable deposit)
Excluding Office Space or Agent Fees)
|Recurring Minimum Annual Company License Fee|
Excluding Office Space or Agent Licensing Fees)
|Annual Return Filing Fee||Not Applicable|
|Access to Double Taxation Treaties||Yes|
|Minimum Required Directors||1|
|Local Director Required||No|
|Board Meeting Location||Anywhere|
|Corporate Directors Permitted||Yes|
|Privacy - Publicly Available Records||No|
There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country.
|Local or Qualified Position||No|
|Standard Currency||Dirham AED|
|Permitted Share Currency||Any|
|Minimum Paid Up Shares|
Fully Paid - Deposited within 3 weeks
Can be withdrawn after this time
AED 50,000 per Company
AED 10,000 per shareholder
Branches of companies have no such requirements
|Bearer Shares Permitted||No|
|No Par Value Shares Permitted||No|
|Minimum Number Of Shareholders||1 Shareholder|
|Corporate Shareholdes Permitted||Yes|
|Meeting Locations||Can be held anywhere in the world.|
|Privacy - Publicly Available Records||No|
|Requirements To Prepare||Yes|
|Keep Financial Records||Yes|
|Requirement To File Accounts||Yes|
|Requirement to File Annual Return||No|
|Accounts Publicly Accessible||No|
Tax benefits of a DMCC LLC are No tax on personal income, corporate earnings, capital gains, sales, withholding.
No value added or import or export Tax.
|DMCC - UAE Facts|
Free zone Authority for JLT Free Zone which is an area within UAE
Approximate area of JLT 1 sq. km
Approximate area of UAE 83,600 sq. km
Approximately 120,000 JLT
Approximately 9,346,129 UAE
|Languages Spoken||Main and Official Language is Arabic|
|Currency||UAE dirham (AED)|
|Politics||Federation of 7 Hereditary Monarchies|
Main Industries for JLT:
Services and Financial Sector
Road - Driving on the Right
|Time Zone||GST (UTC+4)|
|International Dialling Code||+971|
Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.