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MULTI COMMODITIES CENTRE (DMCC) a Complete Guide to Company Formation in DMCC

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MULTI COMMODITIES CENTRE (DMCC) a Complete Guide to Company Formation in DMCC DUBAI MULTI COMMODITIES CENTRE (DMCC) A Complete Guide to Company Formation in DMCC www.kpi.co 1 FORWARD In a knowledge economy, being a repository of knowledge is not enough. Participating in the ‘knowledge ¬flow’ enables an individual to grow and learn constantly. We have been doing business in this region for the past 25 years and have acquired a lot of practical experience and know-how on the subject. Through this eBook we’re trying to convey the insights, analysis and information that we have been accumulating over the years. We hope this helps you in making better decisions, better allocation of capital and choosing better options for your venture initiatives. Read and enjoy you free guide to company formation in Dubai Multi Commodities Centre (DMCC) TABLE OF CONTENTS What is Dubai Multi Commodities Centre? 1 What are the benefits of company formation in DMCC? 3 How to form your company in DMCC? 5 What is the cost of company formation in DMCC? 7 What are the documents required for company formation in DMCC? 9 About Us 11 Our Services 13 1 WHAT IS DUBAI MULTI COMMODITIES CENTRE (DMCC)? 2 DMCC is one of the largest and rapidly growing Freezones in Dubai. It is home to over 13,000 businesses It is the ideal free zone for easy and quick company formation and supports all types of business activities. KEY FEATURES Strategic location next to major residential developments Excellent infrastructure for trading in commodities Serviced by excellent road and Metro connectivity Vibrant business community of over 13,000 companies Excellent infrastructure for trading in commodities Full range of business activities 3 WHAT ARE THE BENEFITS OF COMPANY FORMATION IN DMCC? 4 Recognized as the biggest and the fastest growing Free Zone in the region. Strategic location in the heart of new Dubai next to major residential developments Serviced by excellent road and Metro connectivity Full range of business activities Excellent infrastructure for trading in commodities Integrated commodity exchanges Vibrant business community of over 13,000 companies All Free Zone benefits 5 HOW TO FORM YOUR COMPANY IN DMCC? 6 TYPES OF COMPANIES DMCC FREE ZONE LIMITED BRANCH LIABILITY COMPANY (FZ LLC) 1-50 Shareholders No minimum prescribed capital Minimum of USD 13,590 TYPES OF LICENSE OFFICE BEARERS Trading Minimum 1 Director Industrial One Manager Service One Secretary FACILITIES OFFERED Flexi Desk - starting from USD 4,350 p.a* Serviced Office -USD 13,590 p.a* Physical Office for Lease - starting from USD 22 sq. ftp.a Physical Office for Sale - starting from USD 190 sq. ft *A refundable security deposit of USD 270 is required for Flexi and Serviced Offices and USD 170 for admin charges. 7 WHAT IS THE COST OF COMPANY FORMATION IN DMCC? 8 Trading License – USD 5,513* Commercial License – USD 5,513* Service License – USD 5,560* *Price can vary depending on the activity Registration (One – Time) – USD 2,450 Other costs – USD 715 9 WHAT ARE THE DOCUMENTS REQUIRED FOR COMPANY FORMATION IN DMCC? 10 INDIVIDUAL SHAREHOLDER CORPORATE SHAREHOLDER Personal KYC Corporate KYC duly attested from the UAE Embassy Letter from the bank confirming deposit of share capital Board Resolution calling for the establishment of the entity Other routine documentation viz. application forms, specimen Letter from the bank confirming deposit of signatures etc. share capital Other routine documentation viz. application forms, specimen signatures etc. BRANCH Application for registration Board Resolution calling for the establishment of a branch Corporate Documents of the Parent Company (Certificate of Incorporation, MoA, AoA) Other routine documentation viz. application forms, specimen signatures etc. Business Plan Letter from the parent company for the appointment of Manager Company profile 11 ABOUT US 12 OUR STORY WHY KPI First Firm to Register at The Abu Dhabi 2015 Global Market Client Testimonials Startup Culture Joined NetSuite Twenty five years of 2014 Solution Provider rich heritage with a Creative problem solving, Program wealth of experience exploring new solutions & across industries. developing. Achieved DFSA Registered Auditor 2013 Status Thought Leaders DFSA Registered Auditors Pioneer among peers Our audit system, processes to have implemented a and capabilities are subject to risk-based paperless Implemented review by the DFSA. 2012 Paperless Audit audit process. Rebranded as KPI 2011 Established as 1992 Kamath Auditing Early Adopters of Technology Developed the UAE business guide, a one-stop shop app for information on company formation set up in UAE. 13 OUR SERVICES 14 ADVISORY APPLICATIONS ASSURANCE 1 2 3 NETSUITE ERP ENTERPRISE RISK CORPORATE IMPLEMENTATION MANAGEMENT FINANCE Solution Consulting Process Intelligence Corporate Valuation & Due Process Automation Internal Audit Diligence Customisation& Revenue Assurance Mergers & Acquisitions Advisory Implementation Strategic Risk Analysis Capital Structure Advisory Training & Support Process Transformation New Process Design Business System Controls 15 4 5 6 7 MARKET ENTRY DIFC/ AUDIT & VAT STRATEGY ADGM SERVICES ASSURANCE ADVISORY Analysis of Target Regulatory License & Financial Statement Audit VAT Registration. Markets Authorisations Attestation Services VAT Business Assessment / Market Research & Outsourced CFO Services Agreed Upon Procedures Implementation. Feasibility Studies PIB Reporting VAT Ongoing Assignments. Business Plans Internal Audit Company Setups External Audit (Mainland / Free Zone / Offshore) Special Purpose Vehicles ADDRESS: Suite3108, The Citadel, Business Bay, P.O.Box 121395, Dubai, United Arab Emirates Level 35, Al Maqam Tower, ADGM Square, Al Maqam Island, Abu Dhabi, United Arab Emirates [email protected] +971 4 455 10 10 www.kpi.co.
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