Dubai Maritime City Freezone

Setup your company in Dubai Maritime City

Dubai Maritime City is around 2.27 million sq meters and it’s isolated into many zones that are The Academic Quarter, Industrial Precinct, the Maritime Centre, Marina District, Harbor offices and the Harbor Residence. It’s a special zone for the companies that are concerned with maritime industries and marine. Dubai Maritime City is the most widespread maritime compound located on Port Rashid and Dry Docks of Dubai and enclosed by the waters of Arabian Gulf.

For the worldwide maritime society it has an outstanding environment and offers an exceptional services and infrastructure. It also supports networking and incorporation of rental companies of maritime. DMC’s aim is to take advantage of Dubai’s position and strengths as a worldwide maritime center to build a metropolitan life style for the society of maritime.

Company types in DMC

In DMC foreign investors can easily register and select to start,

– (FZE) Freezone Establishment

– (FZC0) Freezone company

-a division office

Following are the characteristics to setup a company in DMC Freezone:

– FZE needs only a single shareholder whereas companies in freezone need 2 to 5 shareholders.

– The least capital share for FZE is one million AED and for FZCO its 500000 AED, capital share should be paid on incorporation.

– Both the companies want maximum 5 and minimum 2 directors and a normal person as a manager.

– The shareholders should live within the freezone or they can hire an agent with the help of a lawyer.

DMC License

Some of the licenses in DMC for company inclusion are:

  • Research and education license
  • Ships manufacture and repairing license
  • Supervision license
  • License for maritime services

Recently some licenses are launched by DMC Authority these are operation services of maritime, marine craft, and the business license.

License of Maritime operation services was allowed for companies working in waste management industry. They can provide included waste management, air production and weight water solution.

Marine craft license permits companies of overseas and local to manufacture and utilize vessels with the agreement of standards of international maritime.

Commercial license is given to individuals and companies both that are concerned in activities of maritime generally in which no special allowance is needed.

Advantages

  • Freedom of tax on profits and capital growths
  • Complete overseas ownership of company
  • Managerial support
  • Trading actions doesn’t have duty on customs
  • No Tax on profits and capital repatriation

So if you are willing to open/start a company you can contact us through our skilled agents in Dubai and get the appropriate details.