Company Incorporation Process in DMCC

DMCC is the centre of Global Trade. They are for investors and entrepreneurs who like to expand in the Middle East region. They offer different kinds of licenses for sectors of commodities, diamond, trading activities, gold, steel and precious stones. Looking for company incorporation in DMCC Free zone Dubai ? Blackswan swan can help you in Company registration in DMCC . You can read the step by step process involved in setting up of business & company formation in DMCC.

Dubai is considered as the preferred destination for the global commodities trade, also DMCC is the world’s number one free zone.

Type of Licenses Available in DMCC

• Service License– permits service providers production, transformation, re-production and distribution of services.
• Industrial License– licensee can import raw materials, manufacture, production, package, and export.
• General Trading License– AED of 1 million share capital is needed, who like to export, import, distribute, and warehouse goods.
• Trading License– export, import, consolidate, distribute,warehouse and storage of goods.

Cost Of Licenses in DMCC

Starting prices:

• Trading & Service License- AED 20, 265
• Business Center- AED 50, 265
• General Trading License- AED 50, 265

Documents Required to Setup Business in DMCC

• Submit the Initial Inquiry with DMCC
• Set up username and password (portal registration)
• Upload documents through DMCC portal (application for activity, name, and get CID approval)
• Verify uploaded documents and for pre-approval
• Submit original documents and payment of license fees, registration and MoA
• Verify attested or original documents for company registration
• Bank Account Opening Letter and issuance of provisional approval
  Licensing
• Issuance of corporate documents and license
• Post-licensing requirements

Output

• Trade License
• Articles Of Association
• Certificate Of Registration
• Share Certificate
• Memorandum Of Association

Visa Procedure in DMCC Free Zone

• Application for Entry Permit or Employment Visa
• Deposit a fund if the portal account is active (visa fees and bank guarantee)
• The company should initiate the EVEP application online and upload the requirements.

Applicant- share certificate, passport, colored photo, information like religion, mother’s name, civil status, father’s name, place of birth, contact number, home country address, and educational attainment.

Company- the copy of company trade license.

• Issuance and approval of EVEP valid for 60 days
• Applicant’s entry in the UAE before the visa expiration
• Medical exam by an accredited government
• Submit the requirements for visa processing

Applicant- passport, passport sized colored photos, EVEP (employment visa entry permit), medical report, educational certificate notarized by the notary public, new employment contract form, and emirates ID application form with EIDA stamp.

Company- Original license, share certificate, residence visa stamping, and personnel secondment agreement.

Key Benefits of Company formation In DMCC

• Can purchase premises
• Zero foreign exchange controls
• Complete capital repatriation
• Complete business ownership
• Sole shareholders
• Reasonably priced licensing
• Corporate bank account setup with ease
• Their strategic location and close to industries and ports.

Originally posted 2022-01-26 10:00:14.