Company Formation in Dubai Maritime City (DMC)
Dubai Maritime City (DMC) was started in 2007 to develop, monitor and also promote maritime activities. The Dubai maritime City Free Zone is divided into 6 major districts that are as follows
- Industrial Precinct
- Academic Quarter
- Marina District
- Harbor Residence
- Harbor Offices
- Maritime Centre.
Types of Entities Allowed in DMC
- Free Zone Establishment (FZE)
- Free Zone Company (FZCO)
- Branch Office
Following are the types of licenses available in Dubai Maritime City
- Maritime Services
- Maritime Industrial
- Yacht Manufacture and Repair
- Maritime Management
- Maritime Education and Research
Following are the benefits of setting up a business in DMC
- 100% foreign company ownership
- 100% repatriation of capital and profits
- Exemption from all import and export duties
- Abundant and also inexpensive energy
- Inexpensive and educated multicultural workforce and also simple recruitment procedures
- Plentiful financial incentives and also efficient corporate infrastructure
- One-stop-shop administration process
- Vibrant networking atmosphere, business-friendly climate and also excellent logistics matrices
- On-site customers inspection and also no currency restrictions
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