Company Incorporation in DMCC
Dubai Multi Commodities Center Authority (DMCC) Company Formation & Business Setup Services In Dubai UAE
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DMCC Company Incorporation
The Dubai Multi Commodities Center Authority (DMCC) is one the world’s number 1 Free Zone and is home to some of the world’s biggest brands and a host of talented entrepreneurs. With over 15,000 businesses and a solution to suit every need, DMCC is the perfect place to set up your business. DMCC Freezone offers Licenses for different business activities ranging over 20 sectors such as Energy, Commodities, Gold and Diamonds, Technology, Constructions, FMCG, Healthcare, Aviation, Shipping, Education, Media, Professional Services, Financial Services as well as Personal and Community Services.
Features of company setup incorporation & formation in DMCC:
The most prominent feature is that the investors can purchase office property in DMCC area if they need and obtain Title Deed.
Other Features
- 100% foreign ownership & Capital Repatriation
- Unique Worldwide Centre Industry Clustering
- Prime strategic business location of global significance
- 100% business ownership and sole shareholders are permissible
- Efficient Licensing and Registration procedure
- Purpose built infrastructure
- Ability to purchase premises
- Preferential freight rates
- Guaranteed 50 year tax holiday on personal and income taxes
- No foreign exchange controls or barriers to entry
- 100% capital repatriation
- DMCC Free Zone has been formed to enhance the commodity trade flows across Dubai
- Almost every business activity you can think of can be found in DMCC. You can set up as a branch, subsidiary or new limited liability company
- DMCC also offer flexible office solutions, from plug and play flexi-desks and serviced offices to multi-storied offices for lease or sale
What is the period to submit Audit Report for companies registered in DMCCA?
According to clause 50 of the regulation a company is required to submit a copy of its annual accounts along with the Audit Report issued by the approved auditors in DMCC to the Registrar within six months of the end of its fiscal year. A copy of the company accounts and auditor’s report must be filed with the Registrar within five Business Days of the relevant shareholders meeting approving the audited accounts.
How can Bader Saleh Auditing help you in DMCC Company Formation?
- Review all the necessary requirements of your business activities and suggest the best free zone where you can open and incorporate your Company in the UAE.
- Support you in organizing feasibility reports and strategizing your business plan.
- Assist in preparing the company set up application form which must be submitted to the Free Zone Authority or any other relevant Authority.
- Getting trade name approval, initial approval and security approval for your business.
- Attesting the legal documents from the concerned department of the authorities for corporate clients.
- Drafting the Memorandum of Articles (MOA) of the company.
- Provide guidance in the warehouse/s or offices selection.
- Support and guidance for E-channel registration and obtaining the establishment card.
- Assistance for opening your company bank account/s and personal bank account.
- Visa assistance for employees as well as investors/shareholders/management.
- Help in selection of and hiring suitable employees for your new formed company.
- Proper guidance while appointing an auditor, as having an auditor is a compliance requirement for free zone companies in UAE.
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Other Related Services provided by Bader Saleh Auditing of Accounts
- VAT compliance and advisory support for VAT Registration, VAT implementation, VAT return filing and all other VAT related matters as being FTA approved Tax Agents.
- Provisions for Accounting & Bookkeeping services.
- Help in adding or removing existing shareholder or Director
- Change the trade name of the company
- Produce additional company documentation (Certificate of Incumbency, Certificate of Good Standing, etc.)
- Increase or decrease your company share capital
- Support from company incorporation to company liquidation
Whether you want to set up a new company or establish a wholly owned subsidiary, we make the process as quick, easy and clear as possible for DMCC business set up. Our friendly team of experts will guide you through every step, to get you up and running fast through DMCC company formation. We make the whole process of DMCC company set up fast and simple whether you want to establish a new company or create a branch of your existing company anywhere in the world. We have a team of experts who are ready to guide you through all the different processes of company incorporation in DMCC with your minimum involvement so that you can accomplish your goals within the minimum time possible.
DMCC Free Zone License Renewal/ Liquidation
We will assist you in Audit Report preparation as being Approved Auditors in DMCC Free Zone, hassle free and cost-effective license renewal / company liquidation solution, Visa Renewal and all other PRO Services.
Requirements for Termination of Company in DMCC Free Zone
- Online Application for Termination of DMCC License
- Shareholder’s Resolution
- Official Letter Request – Justification for de-registration printed on company letterhead, signed and stamped by Authorized Signatory
- Clearances from Post Office, Free Zone Facilities, Free Zone Visa Department & Customs
- Confirmation of Appointment of Liquidator for Liquidation Certificate (We can provide as being Approved Auditors and Liquidators in DMCC Free Zone)
- Original company documents to be returned to DMCC such as MOA, Certificate of Registration, Establishment card, Personnel Secondment Agreement, Original License, and Share Certificate etc.
- Clearance Letters from: Landlord, Etisalat, DEWA, Bank, Ports & Customs
- Visa Cancellation – If there are any visas under the company, it must be cancelled as well for company to be de-registered. Visa cancellation can be done prior to de-registration
Bader Saleh Auditing of Accounts are registered with DMCC Free Zone to assist clients to set up business in UAE. We handle the complete Free zone company formation process with strategic recommendations and negotiations with local stakeholder along with documentation formalities.
For other Free Zone Company Formation in Dubai please click below links;
For RAKICC Offshore Company Formation click the below links;
Get off to a flying start!
Get a good start while we are here to move the mountains for you. Being approved agents of DMCC and recognized advisors we help in getting you the best place in UAE to start a business and in getting you the 50 years of freedom and liberty you yearn for from taxes.
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Frequently Asked Questions
BSA is a full-service independent Audit, Accounting and Management Consultancy firm, providing the best in class services for Accounting and Bookkeeping, VAT/ Tax Consultancy, Audit and Assurance, Risk and Compliance advisory, CFO Services, Odoo ERP solutions, HR and Outsourcing services along with effective Business Consulting, Company Incorporation and Advisory services.
You can also email us at info@bsauditing.com or call us at +971 4 570 7357
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