DMCC Free Zone
5 Reasons Why You Should Start Your Business in the DMCC Free Zone
The UAE’s free zones are quite popular around the world and there are good reasons for it. With 0% corporate and personal tax, 100% company ownership for foreigners, full repatriation of capital and profits, zero currency restrictions, and complete import and export tax exemption on offer to those who set up within them, free zones offer one of the most attractive environments in the world to do business. Now, these are the benefits that every free zone offers. Apart from that, each free zone also offers its own particular advantages which differ a bit from others in the region. In this article, we would look at Dubai Multi Commodities Centre or DMCC Free Zone.
Located in the heart of Dubai, at the centre of the Jumeirah Lakes Towers district, the DMCC Free Zone is the perfect place to set up your business. The DMCC Free Zone is home to a vibrant community, innovative infrastructure and world-class business amenities and services.
So, if you’re still considering your options when it comes to setting up in a Dubai free zone, then you should seriously consider setting up shop in the DMCC Free Zone. Here we are going to talk about everything you need to know to help you decide if registering a company in the DMCC Free Zone is right for you. So let’s look at some of the key advantages of the free trade zone
Everything you need to know about DMCC Free Zone
- Multiple office packages:The DMCC Free Zone provides several office solutions. You can choose from flexi, virtual, communal and permanent. Each of the packages offers its own distinct benefits. You can choose the virtual package if you need a business presence in the UAE but have no requirement for any physical office space. If you require an occasional physical base, the flexi-desk package is the right choice, as it offers entrepreneurs many business services such as desk space, call screening and conference room hire on a flexible basis, meaning you would get it whenever you need it.
The added advantage of this option offered by the DMCC Free Zone is that it allows you to apply for up to three visas. If you need more than three visas, then you would need to go for a physical office space. You can go for communal as well as the permanent packages, as it gives you the access to office space in the amazing JLT district. This district has its own striking waterfront, breath-taking skyline and top-quality restaurants, hotels and facilities. Talk about making an impression!
- DMCC free zone company setup cost:Forming a company in the DMCC free zone costs less than AED 100,000. The cost includes the business registration fee, flexi-desk package and share capital. The share capital can be withdrawn later.
- Easy setup and registration:The DMCC free zone business setup is simple and straightforward. The initial application process can be completed online. However, you be physically required to meet with DMCC free zone authorities once to sign the required legal documents. It is a good idea to work with a business setup expert like Arab Business Consultant at this stage to ensure all the paperwork is correct. If everything is in order, you can complete the entire process in as little as 2 weeks
- Opportunity for variety of business: One of biggest USPs of the DMCC free zone is that it allows entrepreneurs to engage in a wide range of business activities without needing a local sponsor. Only a few activities like real estate and manpower supply are restricted. The DMCC Free zone is home to more than 13,000 companies from industries such as energy, financial services, agriculture, diamonds and precious metals and many more.
- Simple Auditing and bookkeeping requirements: The DMCC free zone is known for its strict bookkeeping requirements which adds to the reputation of the free zone. However, at the same time, they are incredibly simple. If you are in the DMCC free zone, then there is no requirement to file account. However, audits must be completed annually at the time of license renewal. It can be submitted via an automated online portal.
These were some of the advantages of the DMCC Free zone. To discover more about this amazing free trade zone, get in touch with Arab Business Consultant as they are the leading names in the field of business set up consultancy in UAE. Get the help of the experts and fulfill your aspirations for success.
