DUBAI MULTI-COMMODITY CENTER (DMCC) COMPANY FORMATION
The Dubai Multi Commodities Center Authority (DMCC) is located in Jumeirah Lakes Towers (JLT), Sheikh Zayed Road, opposite to Dubai Marina and close to JLT metro station. DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. However, over the years the DMCC has expanded to provide various licensing options in the free zone offering 100% ownership. The different types of licenses that can be formed under DMCC are:
Some of the strategic benefits of being located in the DMC are as follows:
VAT and Customs Duties exemption when trading within the zone or outside UAE
Close proximity and direct access to MENA’s busiest and largest port – Jebel Ali Port
DUBAI SILICON OASIS (DSO)
The Dubai Silicon Oasis is a premium free zone area in Dubai catering primarily to the information technology sector ranging from software development and services to manufacturing of technical equipment. Being a free zone, investors setting up their businesses under the DSO Authority are eligible for 100% ownership.
However, the DSO also has certain areas where onshore trade licenses (companies licensed under the mainland Department of Economic Development, Dubai) can also take an operating permit and operate out of DSO.
The various types of licensing options under DSO are as follows:
Allows registered entities to carry out only specified services.
Allows registered entities to practice activities which are related to import, export, and distribution of items and goods as specified in the license.
Allows registered entities to import raw material, manufacture, and process, assemble, package and export the finished product.
The various legal types of companies that you can form in DSO are as follows:
Any established company, whether in the UAE or abroad, can register its branch in the Dubai Silicon Oasis. The activity of the branch proposes to conduct in the Dubai Silicon Oasis is required to be identical to the activity conducted by the parent company.
Free Zone Establishment (FZE)
An FZE is a legal entity incorporated/registered by a single shareholder. The shareholder can either be an individual or a non-individual/corporate.
Free Zone Company (FZCO)
An FZCO is a legal entity incorporated/registered with a minimum of two shareholders. Shareholders can be either individuals or non-individual(s)/corporate.
DED Registered Companies
Companies who are already established with the Dubai Economic Department (DED) and wish to operate in the The Administrative Zone in DSO (i.e. in non-DSOA property) can apply for a Business Operation Permit.
For more information feel free to contact us.
DUBAI AIRPORT FREE ZONE AUTHORITY (DAFZA)
Located besides the Dubai International Airport, DAFZA offers a wide range of business setup and administrative services. At DAFZA, their services ease your day to day business operations hence you can focus your efforts towards your business.
Located within DAFZA are all relevant government departments and private organizations that you need to access on a day to day basis to run your business smoothly. The one-stop shop concept brings together the dedicated Government Service Center and private organizations such as Banks and Telecommunications companies to allow you to enjoy the ease of access and seamless processes.
DAFZA offers two different company formation types:
Free Zone Company (FZCO)
The FZCO company type is similar to a limited liability company that can operate within the Free Zone. Shareholders may be individuals, corporate entities or a combination of the two. There can be from 1-50 shareholders (individual, corporate or both).
Branch of an existing company.
Existing companies can establish a Branch of their parent company in DAFZA. No share capital is required.
DAFZA offers the following licensing options:
A trade license allows the holder to carry out trading activities including import, export, re-export, distribution, and storage of specific products.
A service license is geared towards service-oriented businesses and enables an entity to provide services specified in the license.
An industrial license entitles the holder to carry out light manufacturing industrial activities, packaging and assembling.
General Trading License
A General Trading license allows the holder to trade in general activities including import, export, re-export, store, and distribute.
DAFZA provides a range real estate options for registration of various license types. For more information please feel free to check with us.
JEBEL ALI FREE ZONE AUTHORITY (JAFZA)
JAFZA is one of the most recognised free zone authorities of the UAE. Benefits to businesses licensed under JAFZA include customised platforms for global connectivity, connection with a network of companies registered and a relatively easy operating environment.
The various types of licenses that can be registered under JAFZA are as follows:
TYPES OF LICENSES
Free Zone Company (FZCO):
2 to 50 shareholders can set up a free zone company (FZCO) in JAFZA. These shareholders can be individuals (2 to 50 people), non-individuals (2 to 50 companies) or a combination of both. An FZCO is essentially a limited liability partnership within the free zone, with the liabilities of the company limited to the paid up capital.
Free Zone Entity (FZE):
Whether an individual or a company, a single shareholder can register a Free Zone establishment (FZE) in JAFZA. An FZE is essentially a limited liability partnership within the free zone, with the liability of the company limited to the paid up capital.
A branch is a legal entity of its parent company. Any company established outside the JAFZA can establish a branch within the JAFZA. The branch company should be 100% owned by the parent company, operate under the same name and conduct the same business.
Public Listed Company (PLC):
A PLC is a company with limited liability and two or more shareholders. It is essentially a Limited Liability company within the Free Zone, meaning that the liabilities of the company are limited to its capital paid. A PLC has a legal personality distinct from that of its shareholders and has the capacity, rights and privileges of a person. A PLC may invite the public to subscribe to its shares and must list its shares on a stock exchange in accordance with the Markets Laws.
The various types of licensing activities available in JAFZA are as follows:
Allows the holder to import, export and distribute items specified on the licence.
General Trading Licence:
Allows the holder access to a wider range of activities and a broader range of items on the licence.
Allows the holder to carry out the services specified on the licence.
Allows the holder to import raw materials, carry out the manufacture of specified products and expo‑ the finished product to other countries.
National Industrial Licence:
Issued for manufacturing companies with at least 51% GCC (Gulf Co-operation Council) ownership.
Allows specified logistics services (e.g. storage, transportation, distribution, sorting, forwarding and clearing activities, order management, inventory management etc.)
To carry out buying and selling of goods and services over electronic networks via any electronic means.
JAFZA provides a range real estate options for registration of various license types. For more information please feel free to check with us.