Dubai Maritime City(DMC) is based on a man-made peninsula stretching out into the Arabian bay. As the most far-reaching maritime complex in the world, it conveys world-class support for the maritime network.
if you are interested in open a Business Setup in Dubai Maritime City free zone? then you are the right place.
The business-friendly environment incorporates regulations, administrations, and infrastructure alluring to a wide range of maritime businesses. With related businesses found near one another in a typical environment, the open doors for systems administration, integration, and joint effort are amplified.
The Dubai Maritime City Authority (DMCA) was established in 2007 to manage the Dubai Maritime City free zone. The essential focal point of the DMCA is and has consistently been building up an environment of regulations and activities to draw in maritime businesses and financial specialists from everywhere throughout the world.
With this engaged business speculation, Dubai is procuring notoriety for being a sheltered and five-star maritime center point. DMCA regulations are coordinated to the safety of the maritime business – both individual safety and monetary safety of the businesses operating in DMC.
Persistent upgrades to infrastructure and regulations will increase current standards on maritime industry activity while fortifying Dubai’s situation as a maritime sector leader.
DMCA consents to worldwide and nearby laws concerning marine transportation and endeavors to keep up the most elevated amount of norms of safety and environmental practices.
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Benefits of Setting Up a Business in Dubai Maritime City
The benefits of company formation in DMC are equivalent to benefits in practically all the Dubai Free Zones. The rundown of benefits incorporates these:
- No close to home pay or capital addition taxes.
- Full remote possession is permitted in free zones.
- No corporate taxes.
- No obligations on import or fare of items and materials.
- Full repatriation of capital and benefits.
- Modern, productive communications infrastructure.
- Modern streets and related infrastructure.
- High quality, very much maintained vitality infrastructure.
- Liberal work laws and no enlistment issues.
- Attractive workplace.
- No cash conversion or development limitations.
- Free Zones offer brilliant offices which are perfect for running business operations.
- The UAE is a politically steady and monetarily solid nation with an exceptionally low crime rate.
Registering a Company in Dubai Maritime City
In order to open a company in Dubai Maritime City, the following documents must be filed with the DMC Authority:
- copies of the shareholders’ passports;
- information on the managers and directors;
- the manager(s)’ CV(s);
- a lease agreement for the office space;
- the company’s articles of association;
- the company’s certificate of registration, in the case of branch offices;
- power of attorney for the local agent carrying out the company registration process.
Documents Required to Set Up a Business in Dubai Maritime City
For a New Company Setup
- Initial approval for the activities
- Personal data sheet of each shareholder and manager
- Copies of résumé and passport of the manager and shareholders
- Lease agreement documents [it is compulsory to have a physical business/office address in the country for company formation in UAE]
- Attested and notarized Memorandum and Articles of Association (MAA) from the UAE Embassy at the place of origin
- A lease document stating a suitable minimum office space for your business
- Notarized and attested Power of Attorney appointing a legal advisor to act on your and/or shareholders’ behalf
- Certificate of registration or incorporation and business license of your existing company must be attested and notarized by the UAE Embassy (for corporates)
- Proof of the registered address of your company
For a Branch Setup
- Copy of passport and résumé of the manager and shareholders [the manager must be a university degree holder]
- Application for initial approval
- Initial approval sheet for the business activities performed by each shareholder and manager
- Attested and notarized Memorandum and Articles of Association (MAA) of your existing main branch at the place of origin
- Trade name reservation for the new business
- Agreement of lease for the new branch [it is compulsory to have a physical office space in UAE with a minimum space of 60 square meters]
- Certificate of registration or license of your existing company, duly attested and notarized by the UE authority
- Attested and notarized Power of Attorney appointing a legal representative acting on behalf of your shareholders
- Board of resolution of your existing company directors, showing interest in opening a new branch (only for corporate shareholders)
- Company brochure of your main branch (applicable for corporate shareholders)
Types of Legal Entities in Dubai Maritime City
1. Free Zone Establishment (FZE)
An FZE is allowed to start a business with a single shareholder.
2. Free Zone Company (FZC)
Under an FZC, a maximum of 5 shareholders are allowed.
3. Branch Office
A branch office is the one which is legally dependent on its parent company, so it is allowed to start a branch office with the name of its parent company.
For any assistance or questions on organization arrangement, do get in touch with us – we’ll be happy to support you. Further clarification you would like visit on www.companysetup.ae , also you can find relevant information on There!
