Here are 5 easy step stop set up your own company in DMCC
Step 1. Decide on which company type you want to operate
Limited liability Company as a newly formed entity with multiple shareholders
Branch of a local/foreign company
Limited liability Company as a fully owned subsidiary.
If you are confused about the company types, then consult business consultants who will help you identify the best kind of company type for your business.
Step 2. What are the business activities that you want to operate on
As a budding entrepreneur or a seasoned businessperson, this is an important step for you as your business activity is going to be your bread and butter.
There are three options mainly, Service, Trading and Industrial
The DMCC business licensing procedure is different for each activity, so choose appropriately.
Step 3. Additional DMCC business licenses
There are options to apply for other licenses if they are applicable to your business activity
Single-family license: this takes care of centralization of a family’s wealth, personal affairs, succession planning and holding shares of family assets, businesses, foundations etc.
E-commerce license: This license is applicable to you if you want to use the digital/online platform for sale of your goods. As you know the world is going digital and almost everyone has some sort of e-commerce activity going on pertaining to their business. DMCC Free Zone Company Formation E-commerce licenses will help you and your customers/patrons in easy transactions online.
Step 4. Choosing a name for your company
This is very important as it reflects the identity of your company. There are some regulations around choosing a name for your company, for example, your company’s name should be directly related to your business activity, it should not have been already taken by some other business entity etc. So take ample time to choose an appropriate name.
Step 5. Applying for company registration
The company registration and licensing process is simple, swift and easy. It starts with the submission of your duly filled application form along with supporting documents. Following this, a pre-approval is sought from the DMCC, DMCC Free Zone Company Formation the company is registered and licenses are obtained after this.