With excellent air, sea and road links, it is the ideal business base for Dubai, the UAE and beyond. As a DMCC member, you will find everything you need for every stage of your business journey under one roof. Below we provide the full response of the DMCC representative to our request. There are more than 600 business activities under 20 sectors that are permitted in this particular free zone. Industrial License – such type of DMCC license allows the implementation of light production activities specified in the license. Israel and the United Arab Emirates reached a landmark accord sealed by President Trump on Thursday that could presage a broader realignment in the region as the two agreed to “full normalization of relations” in exchange for Israel suspending annexation of occupied West Bank territory. Service License - allows to provide services specified in the license and also provide consulting. Discover DMCC The world’s No.1 Free Zone and centre of global commodities trading . DMCC offers a multitude of such activities to choose from each week; most activities are free or low cost, and all are designed for the active senior residents of Del Mar. Here, it is possible to get two separate licenses under one company name in rare circumstances. Note: Generally, it is not allowed to conduct trading and service activity on a single license. So as you can see the horizon will look very different and we are committed to making Crypto Valley Dubai a success which means not only local connectivity but global, and that’s why we have connected with our partners for this who have a very strong track record of success in Switzerland. Up to six business activities per license are allowed. Related Articles. One of the main advantages of doing business in the United Arab Emirates is the preferential tax treatment that businesses get. The company violates one or more of the provisions of the DMCC Rules. This process will be completed after five working days.

Whatever their size and status, every member company is united in benefiting from unparalleled access to world-class business services, connections and infrastructure. Find Out More. As endorsed by the ‘Global Free Zone of the Year’ award from the Financial Times fDi magazine for six years now, DMCC is indeed, Made for Trade. The process of establishing a business can be quite tedious with the infinite legal documents and never-ending queues but, with the introduction of instant trade license, business owners can apply and attain a trade license within a span of 24 hours. (Certain forms are system generated). DMCC is the World's #1 Free Trade Zone specialising in commodity trading. The first Trading, Service and Industrial License will cost 32 000 AED, while General Trading License will cost 82 000 AED. Companies with these activities are not permitted to trade in, or set-up an exchange for, currencies or cryptocurrencies/commodities or provide any financial activity services, brokerage or payment processing. Copy of UAE residence visa and Emirates’ ID, Third-party approvals (for specific business activities), Residential address proof (utility bill or invoice) in the country of residence. COVID-19 latest updates and guidance.

Unlike most free trade zone areas, at the DMCC, there is a providence of adding another activity once the license has been given. An ecosystem that will provide support, products, and services to all sorts of entrepreneurs, startups, scaleups, and larger corps throughout the Cryptographic landscape, including distributed ledger, blockchain, tokenization, crypto-assets, etc. Start your business with DMCC today. We welcome all interest and happy to discuss further at any time. Licenses must be renewed no later than 30 days before the expiration date of the current license. We also offer flexible office solutions, from plug and play flexi-desks and serviced offices to multi-storey offices for lease or sale. For more information on these or any other DMCC programs, please subscribe to our mailing list. The location is growing at such a rapid pace. We are also looking to develop Crypto Asset regulations with local Federal Authority and will be looking at what license activities we can offer to support part of the ecosystem that will welcome these developments. This will allow you to open a business in DMCC. Set up in our award winning Free Zone in 4 easy steps. There are more than 600 business activities under 20 sectors that are permitted in this particular free zone. The company does not operate or otherwise does not conduct any business. company formation is completed and the company has obtained the DMCC license. Go Back to All Topics. Network with 18,000+ member companies representing 180+ countries and 20+ business sectors in an interconnected marketplace with boundless opportunities. The company acted in a manner that, in the opinion of the DMCC Administration, damages the reputation and interests of the Administration, the free zone or the interests of any other companies or the general public. It is prohibited to conduct any business activities on the territory of the free zone without license from the government of the Emirate. There are mainly three types of licenses available in DMCC according to the type of business activity. After the submission of required documents for new office space, DMCC shall issue the following system-generated documents: DMCC will issue e-license after five working days. With its striking waterfront, beautiful community park and stunning skyline of 87 towers, you can enjoy a high quality lifestyle with superb restaurants, hotels, education facilities and healthcare. Learn what documents you need and understand the costs involved.

Almost every business activity you can think of can be found in DMCC. Proprietary Trading in Crypto-commodities: Includes the buying and selling (Proprietary Trading) of crypto-commodities developed on distributed ledger technology applications.

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