Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.
DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE, or Foreign Companies.
Can I choose any name for my DMCC Free Zone Company?
Yes, you can choose any name yourself. However, the registration will go through the DMCC Authority and Dubai Economic Department approvals.
The number of employees you can hire depends on the Office Space you lease. If you require more visas than the allocated number, additional fees are applicable. At Park Avenue Offices, you get 3 Visas and 1 PIC per office, regardless of the size
Do I need to have a physical address to acquire a company in DMCC?
It is mandatory to acquire a facility upon issuance of the License. You can either rent or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.
Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).
The amount of the Share Capital varies depending on the chosen activity. A minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.
Yes, you can and there is a wide variety of good banks to choose from.
Yes, you can trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.
Whats are the costs and documents involved in setting up a DMCC Company?
The documents and the company setup costs will depend on the activity chosen. To get a better idea about the costs involved, click here.
Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification, and attestation requirements.
Park Avenue Offices is a leading serviced office provider of DMCC, Dubai. We offer flexible options of offices to suit your needs.
We also help you setup your company from start to finish.
The Park Avenue Offices Lease includes but is not limited to:
Unlimited Internet & DEWA
Unlimited Meeting rooms usage (by booking)
Unlimited use of Coffee Vending Machine, Tea & Water
Professional Receptionist answering calls by your company name.
Daily House Keeping
24/7 Access to your office
Free 400 pages of printing per month
Free Local Calls
The minimum lease term is 6 months. However, you can apply for an early termination by giving 3 months’ notice and serving a minimum 3 months lease.
The documents required to lease with us are:
Trade License/ Company Formation Application
Signatory Passport & Visa Copy
Establishment Card if available
Cheques based on the payment terms agreed.
No, you are not required to be a resident or to live in the UAE if you own a DMCC Free Zone Company.
Yes, Park Avenue Offices has a team of professionals well versed with the DMCC rules and regulations and will help you with all documentations and procedures.
Please feel free to contact us from any of the following options:
Contact Number: 00971 4 4264200