DMCC company set-up cost ᐅ Make the right choice!

ᐅ What are the typical DMCC company setup costs in Dubai?
The typical DMCC company setup costs in Dubai can vary significantly based on various factors such as the type of business, location, and specific requirements. Generally, you can expect costs to range from AED 15,000 to AED 30,000. This usually includes registration fees, licensing fees, and initial capital requirements.

ᐅ What does the DMCC company formation cost include?
The DMCC company formation cost typically includes several essential components such as the registration fee, trade license fee, office space rental (which can be serviced or a dedicated office), and other administrative costs. There might also be additional fees for specific licenses depending on your business activities.

ᐅ Are there any hidden fees when setting up a DMCC company?
Yes, like any jurisdiction, there can be hidden fees associated with setting up a DMCC company. These might include costs for obtaining visas, document translations, and potential fees for certain operational licenses. It’s crucial to conduct thorough research and possibly consult with us at Cassius Law to ensure a clear understanding of all costs involved.

ᐅ What is the annual renewal cost for a DMCC company?
The annual renewal cost for a DMCC company generally falls between AED 10,000 and AED 15,000, depending on your business structure and activities. This cost includes license renewal fees and should be planned into your annual budget.

ᐅ How long does it take to set up a DMCC company?
Setting up a DMCC company can take approximately four to six weeks from the initial application to receiving your trade license, assuming all documents are in order. Our team at Cassius Law can help streamline this process for you.

ᐅ Is a physical office required to establish a DMCC company?
Yes, a physical office is required to establish a DMCC company, although you can opt for a virtual office if you choose a specific package that allows flexibility. This is essential for your trade license application and operational needs.

ᐅ Can you provide assistance with the DMCC company setup process?
Absolutely, we, at Cassius Law, specialize in assisting businesses with the DMCC company setup process. Our experienced team can guide you through every step, ensuring compliance with all regulations and smooth operations.

ᐅ What are the different types of licenses available for DMCC companies?
DMCC offers various licenses tailored to different types of business activities, including trading, service-oriented, and industrial licenses. The type of license you need will depend on the nature of your business, and we can help you determine the most suitable option.

ᐅ What is the minimum capital requirement for starting a DMCC company?
The minimum capital requirement for starting a DMCC company is AED 50,000. This amount needs to be deposited in a local bank and demonstrated as paid-up capital during the company registration process.

ᐅ Are there any tax implications for DMCC companies?
DMCC companies benefit from a 0% corporate tax rate for 50 years, renewable, which significantly enhances the business climate. However, compliance with international regulations, such as economic substance legislation, must also be considered.

ᐅ What are the typical visa requirements for setting up a DMCC company?
When establishing a DMCC company, you typically need to apply for visas for yourself and any employees you plan to hire. The number of visas you can obtain depends on the size of the office space you rent and the structure of your business. We can help manage visa applications efficiently.

ᐅ Do I need a local sponsor for setting up a DMCC company?
No, DMCC allows 100% foreign ownership of companies, which means you do not need a local sponsor to establish a company in the DMCC Free Zone.

ᐅ What is the process for closing a DMCC company if needed?
The process for closing a DMCC company involves several steps, including settling any liabilities, notifying relevant authorities, and deregistering with the DMCC. It is advisable to have professional assistance to ensure compliance throughout the closure process.

ᐅ How can Cassius Law assist with my DMCC company setup?
At Cassius Law, we ensure that the DMCC company setup process is hassle-free and efficient. From initial consultations to completing paperwork and obtaining licenses, we are here to guide you every step of the way, ensuring compliance and operational readiness.

If you have more questions or need assistance regarding DMCC company setup costs and procedures, we encourage you to reach out to us at Cassius Law. Our team of professionals is dedicated to providing tailored solutions to help your business thrive in Dubai. Contact us today to learn more about how we can assist you.