Setting Up A New Free Zone Company Setup in DMCC
Company formation in Dubai free zone
If you’re looking to amend or modify your company’s details or services within the DMCC, you may need to follow certain procedures and guidelines.
Start Your Business in DMCC Free Zone
DMCC (Dubai Multi Commodities Centre) is a free trade zone in Dubai, United Arab Emirates, that is known for its business-friendly environment and a wide range of services and facilities for companies operating within its jurisdiction.
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Process of Setting Up a Company Setup in DMCC Free Zone
If you’re looking to amend or modify your company’s details or services within the DMCC Free Zone Company, you may need to follow certain procedures and guidelines. Here are some common company amendment services that you might require in DMCC. Get DMCC free zone company setup
- Change of Company Name
- Change of Shareholders or Share Capital
- Change of Company Activity
- Change of Registered Address
- Change of Company Officers
- Change of Business License Type
- Amendments to the Memorandum and Articles of Association
1. Change of Company Name
If you want to change the name of your DMCC-registered company, you will need to submit an application for the same. This process typically involves providing a valid reason for the name change and obtaining necessary approvals.
2 .Change of Shareholders or Share Capital
If there is a change in the ownership structure of your company, including the addition or removal of shareholders or changes in the share capital, you will need to update these details with DMCC Free Zone Company.
3. Change of Company Activity
If your company wishes to expand or modify its business activities, you may need to seek approval from DMCC and update your company’s license accordingly.
4. Change of Registered Address
If your company is moving to a new office location within the DMCC free Zone Company, you must notify DMCC of the change and update your company’s address accordingly.
5. Change of Company Officers
Any changes in the company’s directors, managers, or officers should be reported to DMCC. New officers may need to undergo a background check and obtain approval from DMCC.
6. Change of Business License Type
If your company needs to change its business license type (e.g., from a trading license to a service license), you will need to submit an application for this change.
7. Amendments to the Memorandum and Articles of Association
Any changes to the company’s Memorandum and Articles of Association must be documented and filed with DMCC Free Zone Company.
Amendments to the Memorandum and Articles of Association
To initiate any of these amendment services, you should typically follow these steps:
- Contact DMCC
- Prepare Required Documents
- Submit Application
- Review and Approval
- Update Records
1. Contact DMCC
Get in touch with the DMCC authorities or your designated DMCC service provider to discuss your specific requirements and understand the procedures and documentation needed for the amendment.
2. Prepare Required Documents
Gather all necessary documents, including application forms, resolutions, approvals, and supporting documentation as per DMCC’s guidelines.
3. Submit Application
Submit the completed application along with the required documents to DMCC Free Zone Company. Make sure to pay any applicable fees associated with the amendment.
4. Review and Approval
DMCC will review your application and may request additional information if needed. Once all requirements are met, they will issue the necessary approvals.
5. Update Records
After receiving approval, update your company’s records and official documents, such as your company’s trade license, lease agreement, and other relevant documents, to reflect the changes.
About DMCC
DMCC BORROW ORIGINAL LEGAL DOCUMENTS
First, you need to determine why you need to borrow legal documents from DMCC. Common reasons include obtaining licenses, permits, contracts, or legal agreements necessary for conducting business activities within the DMCC Free Zone.
DMCC DORMANCY SERVICES
DMCC allows businesses to temporarily suspend their operations without the need to cancel their trade license or dissolve the company. This means that during the dormancy period, the business is legally considered to be in a state of inactivity.
DMCC VALUE ADDED SERVICES
Businesses involved in trade can benefit from DMCC's customs documentation services. This includes assistance with import/export documentation, customs clearance, and compliance with customs regulations.
DMCC Update Details & E-sign Subscription
Keeping your business details up-to-date with DMCC is essential for compliance and effective communication. Electronic signatures (e-signatures) streamline the signing of documents and agreements, making it more convenient for businesses.
DMCC Update Name/Nationality/Legal Address
Do initiate any updates to your business details, you will need to access your DMCC member portal or account. This portal is typically accessible through the official DMCC website.
DMCC Company Coordinator
A DMCC Company Coordinator can assist businesses with the initial setup and registration process. This includes helping with the submission of necessary documents, trade license applications, and other legal requirements for starting a business within the DMCC Free Zone.
For right estimates and latest cost details, consult our company formation experts.
DMCC LICENSING SERVICES | DMCC Free Zone Dubai, UAE
- DMCC Additional License
- DMCC Amendments
- DMCC Apply to Submit Certificate of Good Standing (for parent company)
- DMCC Apply/Update Insurance
- DMCC Company Re-Activation
- DMCC Dedicated Workstation Permit Services
- DMCC Dual License
- DMCC License Renewal
- DMCC NOC Requests To Third Party Authorities – New / Renewal
- DMCC Operational Fitness Certificate ( OFC )
- DMCC Permits
- DMCC Update Existing Lease
DMCC Additional License
When you register a DMCC Free Zone Company, you are typically issued a primary business license that corresponds to your company’s primary activity or industry. However, businesses often engage in multiple activities or services that may not be covered by the primary license.
DMCC Amendments
DMCC may make changes to its regulatory framework to enhance the business environment. This can include updates to licensing requirements, compliance standards, and other regulations that affect businesses operating within the DMCC Free Zone.
DMCC Apply to Submit Certificate of Good Standing (for parent company)
If you need to apply for a Certificate of Good Standing for your parent company within the DMCC jurisdiction, you may need to follow a process similar to the one outlined below. Please note that specific requirements and procedures may have changed since my last update, so it’s essential to check the most recent information on the DMCC official website or contact the DMCC authority for the latest details.
DMCC Apply/Update Insurance
Determine the specific insurance coverage your business requires. This could include insurance for property, liability, employees, assets, or other types of coverage depending on your business activities.
DMCC Company Re-Activation
Re-activating a company within the DMCC (Dubai Multi Commodities Centre) typically refers to the process of reinstating a previously registered company that has been inactive or has had its license temporarily deactivated for various reasons.
DMCC Dedicated Workstation Permit Services
A dedicated workstation, in this context, refers to a physical office space within the DMCC Free Zone Company. It is typically equipped with essential office furniture and facilities like desks, chairs, internet connectivity, and sometimes even telephone lines.
DMCC Dual License
A Dual License starts with the primary business license issued by the DMCC. This license permits the company to operate within the DMCC Free Zone Company, which is a designated area with specific regulations and benefits.
DMCC License Renewal
The “dual” aspect of the license comes from the additional license that allows the company to carry out specific activities in the mainland of the United Arab Emirates, outside the DMCC Free Zone.
DMCC NOC Requests To Third Party Authorities – New / Renewal
When a company operating within the DMCC (Dubai Multi Commodities Centre) Free Zone in Dubai, United Arab Emirates, needs to interact with government entities or third-party authorities outside the DMCC jurisdiction, it often requires a No Objection Certificate (NOC) from the DMCC authority.
DMCC Operational Fitness Certificate ( OFC )
The OFC is a document that serves as proof that a company is in good standing and complies with certain operational and regulatory standards set by the DMCC authority.
DMCC Permits
The DMCC (Dubai Multi Commodities Centre) in Dubai, United Arab Emirates, offers various permits and licenses to businesses operating within its free zone. These permits are essential for companies to conduct specific activities or transactions in compliance with DMCC regulations.
DMCC Update Existing Lease
Updating an existing lease within the DMCC (Dubai Multi Commodities Centre) Free Zone typically involves making changes to the terms and conditions of the lease agreement for office or commercial space.
DMCC OFFICIAL COMMUNICATIONS
- DMCC Business Directory
- DMCC Extracts and Certificates
- DMCC NOC Requests to Third-Party Authorities – Registration Amendments
- DMCC NOCs and Letters from DMCC
- DMCC VAT Services
Frequently Asked Questions
A Dubai free zone is a designated area within the emirate that offers various business incentives, such as 100% foreign ownership, tax exemptions, and simplified company setup procedures. These zones are designed to cater to specific industries, providing a favorable environment for businesses to thrive.
The benefits of establishing a business in a Dubai free zone include:
- 100% foreign ownership
- Tax exemptions
- Customs duty exemptions
- Repatriation of profits
- Simplified company
- registration processes
- State-of-the-art
- infrastructure
- Access to global markets
Dubai free zones are industry-specific, meaning each zone is tailored to accommodate certain types of businesses. Different free zones cater to various sectors such as technology, media, healthcare, trading, and more. Entrepreneurs should choose a free zone that aligns with their business activities.
Yes, one of the key advantages of Dubai free zones is that they allow 100% foreign ownership of businesses. This means you can retain full control of your company without the need for a local sponsor.
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