The UAE’s free zones are quite popular in the world and it’s not hard at all to find out why. DMCC’s 0% corporate and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, and 100% import and export tax exemption offer to those who look for company formation in Dubai, free zones offer one of the most exciting environments in the world to kick start your business.
Apart from the above benefits, each free zone also comes with its own set of advantages that slightly differs from others in the region. And keeping that in mind and highlighting the key benefits of individual free zones, we will consider the Dubai Multi Commodities Centre.
Situated in the heart of Dubai, at the center of the Jumeirah Lakes Towers district, DMCC is the perfect place to set up your business. Being twice crowned as the ‘Global Free Zone of the Year’ by the Financial Times fDi magazine, DMCC is home to an exuberant community, developing infrastructure and world-class business services.
So if you are looking for company formation in DMCC, here are some of the key advantages:
- Manifold Office Packages
DMCC provides various office solutions- virtual, communal and permanent- each coming with its own set of benefits. The virtual package is ideal if you need your business presence in the UAE but have no need of a physical office space. However, for those looking for an occasional physical base, the flexi-desk package will fit the bill, offering entrepreneurs several business services like desk space or a conference room hire on ad-hoc basis. The main advantage of this option is that it enables entrepreneurs to apply for up to 3 visas.
- DMCC Company Setup Expenditure
Company formation in DMCC could cost less than AED 100,000. This comprises of the business registration fee, flex-desk package and share capital can be withdrawn afterwards- everything you need to get started.
- Simple setup and registration
Company formation in DMCC is quite simple and easy. You can complete your initial application online and you will only be physically required to meet with the free zone authorities once you sign the required legal documents. However, it is a good idea to work with a business setup expert to make sure that all the paperwork is done correctly and legally. And once all the paperwork is done, your new free zone company will be running in less than over two weeks.
So now you are convinced on the advantages of company formation in DMCC, so what next?
But, the specifics of this complete process will largely depend on the type of license you are applying for and the kind of business you are looking to start.