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Succession planning in United Arab Emirates (“UAE”) for non-Muslim resident and foreign investors: how to protect your assets located in Dubai and in Ras Al-Khaimah?[..]
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]DUBAI MULTI COMMODITIES CENTER
Our Commitment
- Your Company in Dubai Multi Commodities Centre formed within 10 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members
- Setting up your company with a bank account including eBanking and debit card
Dubai Multi Commodities Center Company Main Characteristics:
| Company type | Free Zone Limited Liability |
| Governing corporate legislation | DMCC Free Zone Authority |
| Information published relating to company officers | Company director names are not disclosed |
| Confidentiality | Complete confidentiality |
| Accounting requirement | Accounts and auditing are required |
| Taxation | No corporate or personal taxation |
| Legislation | DMCC Company regulations |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 10 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Not needed |
| Foreigner ownership | 100% |
| Residence visa issuance | Residence Visa issued |
| Number of directors needed | A minimum of one director |
Licensing types:
- Trade licenses
- Industrial License
- Services License
The major categories of industries that DMCC can license include:
- Agriculture
- Fishing
- Mining & quarrying
- Manufacturing
- Electricity, gas & water supply
- Construction
- Trading & repairing
- Hotels & restaurants
- Transport, storage & communications
- Financial intermediation
- Real estate and business services
- Education
- Health & social work
- Other community, social & personal services
Information concerning DMCC
The DMCC has over 8,500 companies registered. This entity was established in 2002 with a vision to provide the physical, market and financial infrastructure required to set up and operate a world class commodities marketplace. The commodities that are traded through this free zone are primarily, gold, silver, copper, diamonds, tea, pearl, agro, base metals, currencies, energy, equity.
This free zone is also home to the following exchanges, namely,
- Dubai Gold and Commodity Exchange (DGCX);
- Dubai Diamond Exchange (DDE);
- Dubai Pearl Exchange (DPE); and
- Dubai Tea Trading Centre (DTTC).
* Please refer to our Terms & Conditions
