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Starting a business in Dubai Multi Commodity Center or DMCC is an applaudable approach. Given the fact, the free zone has been consistently under the limelight for excellence in trade, a decision for free zone company formation in Dubai DMMC must go hand-in-hand with thorough preparations. Just recently, the free zone broke its record of registering more than 200 new companies in one single month (October 2019), in nearly two years, DMCC official portal reports. Keep reading to discover some of the essential information you need for business setup in Dubai free zone- DMCC. What is DMCC?As you can make out from the name, this free zone deals with multi-commodity trade is arguably one of the finest in free zones for business in the whole world. According to the official website, DMCC has been crowned the ‘Global free zone of the Year’ for five years by fDi Magazine from Financial Times. The business center sports world-class infrastructure, great community, and a stunning array of properties for you to choose from. What are the different corporate structures of DMCC?Here are the organizational structure you can set up in DMCC, and their conditions for existence- 1. Subsidiary or Local/Foreign branch- here in this type of business setup, there is no capital prerequisite. 2. FZE or free zone Establishment- in this type of legal entity, you’d need a minimum of one shareholder. 3. FZC or free zone Company- in this type of corporate structure, there is a minimum requirement of two shareholders. What are the basic requirements for company formation in DMMC?Firstly, you’d need to obtain a physical office space; Secondly, there must be one individual director and a shareholder (of any nationality) in the company; and Thirdly, there must be paid-up capital share. What are the office facilities in DMCC?Some of the office facilities that are available in DMCC are a retail shop, physical office, Flexi desk, services office, and business center office. What are the types of license available in DMCC?When you wonder how to start a company in Dubai free zone, probably the first thing that comes to your mind is license. The DMCC issues various licenses, with each type of permit catering to a different business. There is
Why set up a business in DMCC
Advantages of opening a foreign branch office at DMCC?
Which type of business activities can be performed/done in DMCC free zone?DMCC allows a plethora of business activities in its periphery. They span across industries. From dealing with products and services of tailoring to:
How to open gold trading activity in free zone DMCC?DMCC serves the entire value chain surrounding gold- from research and refinement to trading and investing- you get support for all. These are the steps to gold trading activity in DMCC-
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