DMCC Free Zone Company - Jumeirah Lake Towers, Dubai

DMCC Free Zone Company - (Jumeirah Lake Towers, Dubai)

Overview

Company

Company Type	Free Zone Company in the Emirate of Dubai with the DMCC Registry located in the Dubai district of Jumeirah Lake Towers (JLT).
Authorized Activities	The company can engage in any activity except banking, insurance and financial activities (such as currency exchange). The management of funds for third parties is not permitted.

Share Capital

Authorized Currency	United Arab Emirates Dirhams (AED)
Minimum Capital	Minimum share capital per shareholder is AED 10,000 and minimum share capital per company is AED 50,000, with some exceptions.
Maximum Capital	No limit
Release of Share Capital	It is not required to deposit the company’s capital when the company is created.

Accounting & Audits

Accounting & Audits	It is mandatory to keep accounts and perform an annual audit of the accounts
Justification of Expenses and Revenue	Nothing to justify (unjustified expenses will be debited the partner’s shareholder account

Manager

Eligibility	Any individual or legal entity. Nominee Directors are not permitted.
Minimum Number of Managers	One. Can be a person or legal entity. If legal entity, then the manager must be a natural person
Mandatory Local Manager	Not required. They can reside in any country

Shareholders

Minimum Number of Shareholders	One
Maximum Number of Shareholders	No limit
Eligibility	Any individual (21+ yrs) or legal entity. Any nationality. Nominee Shareholders are not permitted.
Mandatory Local Shareholder	Not required. Shareholder(s) can reside in any country.

Set Up Timeline

The Set Up Timeline is as follows:

You will need to come to Dubai approx. 15 days after receipt of your payment to sign your company’s articles of association in front of a Registrar Officer. It will then be necessary to stay only 1 day in Dubai.
10 working days max. to receive the Certificate of Registration of your company;
Residence visa: 3 weeks from the registration of your company (administrative deadline not requiring your presence) + 5 working days (you must be present in Dubai during these 5 days from Sunday morning to Thursday evening of the same week) to receive your residence visa. We will meet the bank the same day as soon as your visa is obtained to open your bank account.
Around 7 working days to obtain your bank account number following the registration of your company (if remote opening) or following obtaining your visa (if opening on site). The bank card is then sent by the bank by express courier to the address of your choice around the world approx. 15 days after the payment of your first funds into your account.

Pricing

Company Set Up Packages

Authority fees
(disbursements)
Authority fees
(disbursements)
Our package
Our package
Total
Total

Company Set-Up costs

Authority fees
(disbursements)
Application Fee: AED 1,015
Company Registration: AED 9,000
Preparation of Articles: AED 2,000
Sub-total: AED 12,015
Our package
AED 5,000
Total
AED 17,015

Maintenance costs per year

Authority fees
(disbursements)
License: AED 20,265
Establishment Card: AED 1,805

Sub-total: AED 22,070
Our package
AED 5,000
Total
AED 27,070

In addition to the above fees:

Type A Office (Shared): AED17,900 per year for an office. Allows up to 3 visas to be obtained for partners and/ or employees; or
Type B office (Private): from AED 50,000 per year. Count 10m2 per visa, eg: an office of 100m2 can obtain 10 visas for partners and/ or employees.

Our pricing includes the following services:

Services provided in Company Set Up Cost:

VAT and accountancy training -> we explain how VAT works and your company’s accounting obligations
Salary Register -> establishment of the Employee Register
Company stamp -> this is a stamp that complies with local regulations (required for opening a bank account, etc.)
FREE assistance in opening a bank account -> we assist you in opening a bank account for your company
FREE setup of invoicing and accounting application -> Installation and configuration of invoicing and accounting software

Services provided in Annual Package:

UNLIMITED after-sale support concerning your company in the UAE -> we provide unlimited customer support to answer all your questions
Coordination with Accountant -> we provide a coordination service in French with the accountant of your company
Coordination with Auditor -> we provide a coordination service in French with the auditor of your company
Coordination with Tax Agent -> we provide a coordination service in French with the tax agent in charge of the VAT of your company
Subscription to Merritt Updates -> legal, fiscal and social watch on the Emirates sent by email
UNLIMITED access to Merritt.center-> all administrative, legal and accounting documents of your company in a secure customer portal
Economic Substance notification -> this is the notification concerning the economic substance to be sent to the Authorities every year
Correspondence address in Dubai (including UNLIMITED scan and forward of your mails and courier) -> we scan / resend your mail as soon as it arrives according to your instructions
FREE shared telephone number in the UAE (with answering in English and Arabic) -> shared telephone number with telephone secretary in English and Arabic
FREE domain name + WordPress pre-installed + emails-> domain name + installation of a WordPress showcase site + email addresses on a server located in Dubai

Residence Packages

Visa type
Visa type
All costs for 3 years
All costs for 3 years
Conditions for obtaining the visa
Conditions for obtaining the visa

Investor visa

Visa type
For a partner
All costs for 3 years
- Residence Visa: AED 3,360
- Medical check: AED 850
- EmiratesID: AED 370
- Exchange Driving License: AED 750
- Photos: AED 30
- Visa Status Change: AED 812.50
- Visa guarantee: AED 570
- Service fees: AED 4,000

TOTAL: AED 10,742.50
Conditions for obtaining the visa
No conditions, except of course that of being a partner of the company.

Working visa

Visa type
For an employee
All costs for 3 years
- Residence Visa: AED 3,360
- Medical check: AED 850
- EmiratesID: AED 370
- Exchange Driving License: AED 750
- Photos: AED 30
- Visa Status Change: AED 812.50
- Visa guarantee: AED 570
- Service fees: AED 4,000

TOTAL: AED 10,742.50
Conditions for obtaining the visa
In addition to an employment contract (we provide it free of charge), depending on the job title, you may be asked to provide a copy of a diploma certified by the Ministry of Foreign Affairs and then by the Embassy of the Emirates.

Family visa

Visa type
For a wife / husband / child dependent of a partner or an employee
All costs for 3 years
- Residence Visa: AED 1,200
- Medical check: AED 850
- EmiratesID: AED 370
- Exchange Driving License: AED 750
- Photos: AED 30
- Entry permit et visa stamping: 1,030
- Visa Status Change: AED 710
- Immigration file: AED 300
- Salary certificate: AED 270
- Service fees: AED 4,000
TOTAL: AED 9,510
Conditions for obtaining the visa
It is required to provide a copy of a rental contract in the UAE + electricity bill in the UAE + bank statement from an account located in the Emirates showing at least
AED 75,000.

Applicable Discounts:

Exchange Driving License: the driving license exchange fees can be deducted if not applicable (see list on next page).
Medical check: the costs of the medical test can be deducted for children under 15 years old.

The Residence Packages are in addition to our Company Packages. They are not mandatory and they can be purchased at any time without limiting their period of validity.

Our packages include the following:
– Residence visa (with support and assistance for all formalities) -> we assist you and
take all the steps to obtain your residence visa in an air-conditioned vehicle with driver from our offices in Dubai. The person from our team who will accompany you speaks French, English and Arabic.
– EmiratesID -> we request and receive at our offices your UAE identity card (sent by Po Box by the Authorities)
– UAE driving license exchange -> as part of the recognition of your foreign license, we take all the necessary steps to obtain it and accompany you to the police station for this
– Assistance in opening a personal bank account -> we assist you in opening a
personal bank account in Dubai
– Assistance in opening a brokerage / saving bank account -> we assist you in opening an investment account (Saxo Bank, EmiratesNBD Private Banking, etc.).
– UNLIMITED after-sale support concerning your residency in the UAE: insurances (health, home, car, travel), succession planning, etc. -> we provide unlimited customer support to answer all your questions about your residence in the Emirates and advise you: insurance in the Emirates (health, car, accommodation, travel), inheritance, etc.