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UAE - Dubai Free Zone (DMCC) Formation Key Information

Updated time: Sep 25, 2018 , 16:20 (UTC+08:00)

UAE - Dubai Free Zone (DMCC)

General
Type of Business Entity FZC / FZE (DMCC)
Type of Law Hybrid
Incorporation Time Frame (Approx.) 2 weeks
Corporate Taxation Nil
Double Tax Treaty Access Yes
Share Capital or Equivalent
Standard currency AED
Permitted currencies Any
Usual Minimum issued N/A (*)
Usual authorised 50,000 AED
Directors or Managers
Minimum Number 1
Local required Yes
Publicly accessible records No
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified Yes
Accounts
Audit requirements Yes
Requirement to file annual return Yes
Publicly accessible accounts No
Others
Eligibility for UAE Resident Visa Yes (number of Visas depend of Office Size)
Permitted Physical Office Yes
Doing business within UAE Yes
Business Licenses Required Yes

(*) For normal business activities there is no requirement for share capital. However for some business activities share capital of AED 50.000 to 100.000 will be required to be deposited in the company bank account before the issue of the license. Once the trade license is issued, the entire share capital can be withdrawn or used as working capital.


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