Dubai Maritime City Authority (DMCA) Free Zone
Dubai Maritime City:
Dubai is full of amazing business locations. Being a land of seafarers, maritime space is one of the well-built hubs here. Today, Dubai consists of every type of commercial hub from the virtual to the real world. The Dubai Maritime city is also one of them. In fact, the reason UAE is one of the top places economically is the scope of businesses and support which it offers.
Dubai Maritime Authority center is one of its own kind. It has been built to meet the needs of maritime activities and trade locally and globally. The higher authority of this city, Dubai Maritime City Authority, manages and regulates the entire city.
Advantages of Setting up a business at Dubai Maritime City Free Zone:
• The top advantage of setting up a business at Dubai Maritime City is its allowance of complete foreign ownership.
• It also permits a complete repatriation on profits and capital.
• It is free from corporate and personal income tax.
• It is free from import and export duties.
• It consists of inexpensive energy in abundance.
• Brilliant infrastructure leading to increased efficiency.
• Financial incentives to support business friendly environment.
• Great customer facilities to make it convenient in every way possible.
• Allowance to companies for operating flexibly.
Types of entities allowed in Dubai Maritime City:
1. Company in Free Zone
2. Establishment in Free Zone
3. Branch offices of a company
Types of business licenses available at DMC:
1. License for Marine Crafts
2. Commercial License
3. License for Maritime Commercial
4. License for Maritime Education and Research
5. License for Maritime Operation Services
How to setup a business in DMC?
Documents required to setup a business in Dubai Maritime City:
For Setting Up A Branch:
• Every manager and shareholder’s copy of passport and resume (of manager). The manager should have a graduate degree.
• Proof of reservation of trade name for the new branch.
• Sheet highlighting initial approval regarding the activities to be followed by shareholders and managers.
• Sheet highlighting the initial approval for the activities that will be carried out from the new branch.
• Existing branch’s MOA and AOA.
• Agreement of the lease for the new branch.
• A legal representative’s notarized power of attorney who will be acting on the behalf of you or any shareholder of the company.
• Certificate of registration and license of the existing company which should be attested by the UAE Embassy.
• Board resolution of the directors of existing company.
• Complete profile of the company of the main branch.
If you are inclined towards setting up a business in Dubai Maritime City or anywhere in the UAE, feel free to reach out to our team. Business Setup HQ has been helping investors, business owners and entrepreneurs for a time now and is willing to keep doing it increasingly while creating worthy experiences.
For setting up a new company:
• Proof of reservation of trade name and initial approval.
• Copy of passport of every shareholder and manager’s resume along with it.
• Sheet stating personal information of every shareholder and manager.
• Documents highlighting all the lease agreements.
• Documents stating the office space with specific information.
• MOA and AOA which must be attested and notarized from the Embassy of UAE.
• A representative’s notarized power of attorney who will be acting on the behalf of you or any shareholder of the company.
• Certificate of incorporation and license of the existing company which must be attested by the UAE Embassy. This applies for corporates only.
• Address of your business.
Why set up a business in Dubai Maritime City?
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If you are inclined towards setting up a business in Dubai Maritime City or anywhere in the UAE, feel free to reach out to our team. Business Setup HQ has been helping investors, business owners and entrepreneurs for a time now and is willing to keep doing it increasingly while creating worthy experiences.
