Requirements Of Setting Up Your Business In DMCC
There are a few requirements introduced by the DMCC free zone to start operating from here. Firstly, you need to select the business activity that aligns with your goals. There are several categories DMCC allows including technology, trading, commodity exchange, and more.
After that, you have to choose your business structure whether it’s going to be a branch of any existing company, an FZCO (free zone company), or a single shareholder entity. Just after, reserve a legal company name that should not be similar to any existing business name and comply with the legal naming guidelines described by the DMCC.
Submit a proper application for business set up to the DMCC administrative department along with your documents including a certificate of identity, copies of your original passport, residency proof, and the comprehensive business plan. Higher authorities will review your application and approve it if there are no errors.
After your application’s approval, select the office space or obtain a flexi-desk within DMCC and apply for the particular license for your business. There are various types of licenses including industrial licenses, service licenses, e-commerce licenses, and a DMCC general trading license.
The last but not least step is to pay attention to the visa registrations. You must process visas for your employees and yourself considering UAE visa regulations and laws.