The legal structure of a business is one of the most important features when setting up a business in Dubai. One of the most touted options for setting up a company is the DMCC Business Set Up, which is a favorite among entrepreneurs and investors.
The Dubai Multi Commodities Centre (DMCC) looks like just another free zone, but in reality, it is an internationally notable business center that facilitates commerce, finance, and innovation. DMCC is home to over 21,000 active businesses, providing a competitive edge throughout the Middle Eastern region and even further.
Although there are significant advertising benefits in setting up in DMCC, the central question still remains, Is DMCC the right legal form for my enterprise? The response to that question stems from a few factors, including the industry you are in, your financial resources, and the vision you have for your business.
Effective DMCC Business Set Up Benefits
- Domain Name Registrations Full Control: Unlike mainland companies, DMCC Business Set Up allows foreign investors to own their business without obtaining a local partner.
- Zero Tax Incentives: Firms that are situated or previously registered in Dubai Multi Commodities Centre Free Zone enjoy no corporate tax and no personal income tax.
- Easy Access: DMCC is located in the business hub of Dubai, allowing easy access to the rest of the world as well as Asia, Europe, and Africa.
- Leading Infrastructure: DMCC companies have modern offices, high-speed internet, and premium business services at their disposal.
- Easy Business Setup Ease: Compared to other areas, DMCC offers online forms that can be approved right away with virtually no red tape.
Is DMCC Suitable For Your Business?
While DMCC does have many appealing features, it’s good to investigate how much it meets your business needs. The following types of businesses have the most advantage:
- Forex brokers who are in search of a tax-friendly jurisdiction.
- IT companies and service providers want an incubator environment.
- Independent contractors and consultants who want full control of their business.
- Global E-commerce companies that need unrestricted access to other countries’ markets.
Ready To Work With Us?
Setting up a business in Dubai can be daunting with the wide range of legal frameworks, compliance requirements, and financial management aspects. This is where Business and Beyond can help.
As a global cloud accounting firm, we provide professional bookkeeping services in Dubai, VAT registration, and other financial advisory services. We ensure your company remains compliant while improving your business’s overall financial strategy.
By letting us handle the numbers, you can go back to focusing on growing your business!