DMCC FREE ZONE:
The Dubai multi commodity center is a free zone, fastest growing and largest free economic zone in the UAE. DMCC came into existence in 2002 and registers approximately 170 companies every month, 95% of which are new to Dubai. The Dubai Multi Commodities Centre Free Zone facilitates both business and community living by offering commercial, residential and retail property for sale and lease.
DMCC aloud the following entities: Dubai Multi Commodities Center limited liability company, Branch of a foreign Company and Branch of a UAE Company.
A minimum of one director is required and the maximum and the minimum share capital is AED 50,000 per company with minimum value AED 1,000 for each share and the share capital should be deposited in the company bank account within 3 weeks from the issuing license date, and it can be withdrawn immediately thereafter.
DMCC Free Zone is the ideal place to set up your company quickly and grow your business beyond Dubai’s borders.
Full business ownership: Full foreign ownership of companies
Tax benefits: 0% personal and corporate tax rate for 50 years guarantee
Customs duty free: No duty levied for import/export
No restriction on capital repatriation
Property Solutions: Ready-made office facilities, warehouses, factory units and land plots are available
DMCC Visa: Shareholder(s) and employee(s) of a free zone company can get UAE residency visas
Effective setup process: Smooth and hassle free procedures of all documentation and licenses
No currency restrictions
AJMAN FREE ZONE:
Ajman Free Zone (AFZ) was established in 1988, leading to massive industrial development in Ajman by attracting a great number of companies to benefit from the investment privileges, thereby strengthening industry and trade and the financial sector in the UAE.
AFZ provides competitive privileges and facilities allowing companies to get a considerable return on their investment. AFZ continues to develop its infrastructure, spending millions of Dirhams along its free zone area of more than one million square meters.
100% ownership of establishment/company
100% foreign ownership
Easy transfer of capital and profits
Exemption from personal income tax
Exemption from import and export duties
Exemption from other taxes
Competitive prices on facility usage
Competitive prices for power/electricity
Competitive prices on leasing
Easy access to low cost labour
One-stop counter service for effecting transactions (Residency, visas…etc.)
Fast and easy procedures and in most cases get the license within 24 hours