Q) What is Free Zone?
A) Free Zone Companies are businesses that are 100% owned by the people who set it up. It does not require a sponsor or an agent to act as liaison to manage the venture, and there are no restrictions tying you down.
Q) Are JLT & DMCC two separate Free Zone entities?
A) Until January 2014, the DMCC Authority offered two types of licenses: DMCC and JLT. DMCC Free Zone companies operate in the commodities and related sectors, while JLT Free Zone companies operate across non-commodities related sectors. From February 2014, the authority licenses all activities under the one DMCC license.
Q) Which business activities are allowed under DMCC?
A) You can choose from over 600 business activities. These range across 20 sectors that include Energy, Commodities, Gold and Diamonds, Technology, Construction, FMCG, Healthcare, Aviation, Shipping, Education and Media, as well as services such as Professional, Financial, Personal and Community.
Q) What methods of payment can I use?
A) DMCC allows multiple payment options including cash, cheque, credit card, and direct deposits. Once licensed, most of our member companies choose to keep a minimum balance in their member portal account, which enables them to use services immediately without having to top up the account first.
Q) How long does it take to set up a company under DMCC?
A) As soon as the necessary documents have been submitted online, your company can be set up within two to three weeks. In the interest of maintaining DMCC Free Zone’s reputation as the place for good business, DMCC conducts due diligence reviews as part of all company setup procedures.