Dubai Maritime City (DMC), built solely for seaborne trade is a free zone first of its kind. If you’re looking forward to business setup in Dubai Maritime City (DMC), then this post is your guide to do the same in 2019.
What is Dubai Maritime City (DMC)
Dubai Maritime City or DMC, as the name suggests is a purposefully built township, dedicated solely to seaborne trade. The first of its kind in the whole world, Dubai Maritime City was built in the year 2007.
Today, the city is a global marine hub and a centre for international seaborne trade. The city, which is a business free zone, is built on a human-made peninsula that accommodates not only world-class maritime business but also residential, commercial, industrial and leisure amenities.
What Are The Types of Legal Business Entity in Dubai Maritime City (DMC)?
The Dubai Maritime City harbours excellent business infrastructure and kindles a very business-friendly regulatory system for everything related to maritime trade. Starting from shipbuilding to leisure, it has them all. In DMC, these are the primary legal business entities:
- Free zone Establishment
- Free zone Company
- Division Office
What Kind of Licences Can I get in DMC Free Zone?
Licenses covered under DMC free zone cater to everything maritime. So you can be pretty sure that there will be a licence for your type of business that is related to the sea. Lately, the DMC introduced specific permits apart from what is already offered.
The business licence- for both individual and company, engaged in maritime trade. A maritime operations licence- for companies involved in the likes of waste management, among others. The marine craft licence- for foreign companies to manufacture and utilize vessels.
- Supervision licence
- Ship manufacturing and repairing licence
- Education and research licenced
- Maritime service licence
Documents You Should Keep Handy For Starting a Business in Dubai Free Zone DMC
- The physical address of your company/ business
- In case of setting up a branch office, the company’s registration certificate
- Article of Association of the company
- Passport copies of the shareholder (s)
- Official information on the director (s) and the manager (s)
- The CV (s)’ of the manager (s)
- Trade name registration proof
- Document of a lease of the business office space
- For best guidance get in touch with Business Link UAE
How to Start Business Setup in Dubai Free Zone- DMC?
Processing the free zone company formation in Dubai- DMC is much like doing the same in other free zones. Following the set of rules and systematically approaching the initial formalities, you’ll be able to launch your business at the earliest.
Below are the steps to launch your business setup in Dubai Maritime City:
- Start with suiting an appropriate trade name and registering it with the DMC free zone.
- Approach for pre-registration approval with the DMC.
- The concerned person/ business manager must provide a CV and passport.
- The shareholder or the owner must provide his/her personal information.
- Pay the fees after submitting the needful documents.
- Finally, collect the licence and the documents.
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ReplyDeleteI obtained full details on the business set up in Dubai from this blog. Thanks for sharing such amazing information about types of legal entities.
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