Home Catalog Marine Projects Consultancy

Article: 443

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Inves visa in DMCC, 111

State dutyloading

Terms days

This company can engage in providing consultancy and proposals on the designs and drawings of the marine projects, such as floating marinas and infrastructure for waterfronts developments, which would be submitted to the concerned authorities for approval. The activity cannot include said designs and drawings.

About the company's activities

Types of activities

The following business activity has been selected for the DMCC company setup:

Marine Projects Consultancy (7421-72). Includes firms engaged in providing consultancy and proposals on the designs and drawings of the marine projects, such as floating marinas and infrastructure for waterfronts developments, which would be submitted to the concerned authorities for approval. These firms are not allowed to involve in said designs and drawings.

Depending on the chosen package, the company can engage in up to three or six business activity types under one license without additional fees. This is provided that the codes for these activities share the same first two digits.

License Type

The DMCC Service License that allows the company to conduct a professional activity.

Additional External Regulator Approvals

No additional approvals are required to register a company conducting this business activity.

Share Capital Requirements

The minimum share capital required for this company is AED 50,000. It must be contributed within 90 days of obtaining the license.
If a shareholder plans to obtain an investor visa, his/her share in the share capital must be at least AED 50,000.

Company name requirments

Type of business: Freelancers with a freelance permit issued by the licensing authority
Must not contain the names of local/international religious, political or governmental organizations

Bank Account

Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.

When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.

Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank. Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.

About Jurisdiction

Name and Description

Title: Dubai Multi Commodities Center
Description:
DMCC (Dubai Multi Commodities Centre) is a free economic zone founded in 2002 in the Jumeirah Lake Towers (JLT) Business District of Dubai.
The JLT Business District offers modern infrastructure and attracts businesses with high-quality commercial and office spaces in a strategically advantageous location. The area is designed to foster a comfortable environment for both living and working. It features a variety of amenities and services for residents and employees, including restaurants, shops, recreation areas and transport infrastructure.

DMCC is a global trading hub specializing in various goods, including precious metals, energy, agricultural products, diamonds, jewelry and others. Companies registered with DMCC can operate within this zone and outside the UAE.

DMCC issues the following types of business licenses:
- Trading (wholesale and retail)
- Service (provision of services)
- Industrial (manufacturing)
The prestige and fine reputation of DMCC attract major financial institutions, trading companies and industrial organizations, creating a favorable business climate and enhancing companies' global market positions.

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Terms

30days

Total:

Tariffs

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Self-service company registration with no extra fees

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Government fees are paid separately

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