Dubai Maritime City Free Zone (DMC) is a member of the Dubai World Group, is one of Dubai’s newest free zone sand encompasses six districts. Foreign investors wanting to open a company in Dubai are advised to take into consideration DMC as it offers numerous advantages and several types of companies to choose from.
DMC incorporates six districts:
Company registration in Dubai Maritime City is possible for foreign investors and they can choose to open:
The characteristics for setting up a company in Dubai Maritime City Free Zone are the following:
In order to set up a company in Dubai Maritime City Free Zone, the company’s articles of association must be submitted together with a statement issued by the management board with the resolution for the incorporation of the company, passport copies and powers of attorney for the company’s directors, manager and secretary, a specimen signature and bank letter stating the share capital has been deposited.
In order to incorporate a branch office, the articles of association of the parent company must be submitted along with a passport copy, specimen signature and a power of attorney for the company’s manager. A statement issued by the company’s management board with the resolution for establishing the branch office will also be required.
There are several types of licenses for company incorporation in Dubai Maritime City Free Zone:
- maritime services license,
The most recent types of licenses introduced by the Dubai Maritime City Authority (DMCA) are the marine crafts, maritime operation services and the commercial license.
The marine crafts license allows foreign and local companies to build and use vessels in accordance with international maritime standards.
The maritime operation services license was enabled for companies operating in the waste management industry. These companies can supply integrated waste management, air emissions and ballast water solutions.
The commercial license is granted to both companies and individuals involved in general maritime activities which do not require special permits.
The Dubai Maritime City Authority provides employment visa services and companies can also benefit from: