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SFM IN PRESS

Protecting your assets in the UAE : Introducing the DIFC Will

11 September 2018

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?[..]

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Did you know that a $10K investment can get you a tax-free company and residency in Dubai ?

30 July 2018

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. [..]

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DUBAI MULTI COMMODITIES CENTER

Our Commitment

  1. Your Company in Dubai Multi Commodities Centre formed within 10 working days. *
  2. Competitive and transparent pricing
  3. Complete confidentiality
  4. UAE Residency Visa for you and family members
  5. Setting up your company with a bank account including eBanking and debit card
Dubai Multi Commodities Center Company

Dubai Multi Commodities Center Company Main Characteristics:

Company typeFree Zone Limited Liability
Governing corporate legislationDMCC Free Zone Authority
Information published relating to company officersCompany director names are not disclosed
ConfidentialityComplete confidentiality
Accounting requirementAccounts and auditing are required
TaxationNo corporate or personal taxation
LegislationDMCC Company regulations
Standard currencyUAE Dirhams pegged to USD
Time to form10 working days
CommunicationEfficient communication
Local sponsor requirementNot needed
Foreigner ownership100%
Residence visa issuanceResidence Visa issued
Number of directors neededA 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

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