Spanning an area of more than 2.25 million sq. meters, Dubai Maritime City offers a conducive business environment for marine and maritime industries. It is a member of the Dubai World Group and is located on a man-made peninsula between Port Rashid and Dubai Dry Docks. The Dubai Maritime City Freezone is just 10 kilometers from Dubai International Airport.
The Dubai Maritime City Freezone offers a state-of-the-art infrastructure and logistic facilities for a wide spectrum of marine operations including ship building, ship repairs, conversion, and so on. It aims to leverage Dubai’s strengths and support its evolution into a global maritime hub.
The Dubai Maritime City Free Zone offers license for the following types of legal entities and businesses.
A Free Zone Establishment (FZE)
A FZE requires at least one shareholders, two to five directors, and a minimum paid up capital of 1 million AED.
A Free Zone Company (FZCO)
A FZCO authenticates two to five shareholders, two to five directors, and a minimum paid up capital of 500,000 AED
A Branch Office.
Business incorporation in Dubai Maritime City Freezone is almost similar to other freezones in UAE. Yet, there exists differences in the type of activities that can be taken up here.
Activities in this freezone are mostly aligned with the maritime industry. Dubai Maritime City Free Zone Authority oversees the activities in this freezone, offers licenses and permits needed to open a company in Dubai Maritime City Freezone.
Following documents should be submitted and requirements be met when you seek a maritime activity license. You must note that the maritime activity license is the main business permit needed to start your company in Dubai maritime city Freezone.
Companies operating in the Dubai Maritime City Free Zone are also allowed to work on activities like cargo vessels inspection. Authorized companies are allowed to work on technical vessel inspections, prepare manuals and reports for companies operating cargo vessels in the Freezone.
Other than the above licenses, foreign businesses and investors are allowed to operate water entertainment and related activities.
Various types of licenses are issued when it comes to business incorporation in Dubai Maritime City Free Zone.
Companies operating in the DMC Free Zone are exempted from corporate taxes and income taxes. They are also exempt from import and export duties. Companies may be subject to taxes in home country depending on whether there exists Double Taxation Avoidance Agreement between UAE and the home country.
To know more information on taxation in Dubai Maritime City Free Zone, contact our company formation experts in Dubai.
When you start your company in Dubai maritime city freezone, you get access to skilled labour force. There is a fast-track process in place in the DMC Free Zone for issuance of employment permit for foreign workforce.
The best way to obtain more details on Business incorporation in Dubai maritime city freezone and hiring employees in the freezone is to book a free consultation with our company formation experts in UAE.
P.O. BOX:84706, Office No.108, Coastal Building, Al Qusais 2, Dubai, UAE
It is located at 10 kms distance from Dubai International Airport between Port Rashid and Dubai's Drydocks World.
The 8-floor building in the Dubai Marititime City Free Zone offers office spaces for lease. To know more details or to find one that is appropriate for your business, you shall get in touch with our company formation experts in Dubai.
Office No : 1109, Bay View Tower, Marasi Drive Street, Business Bay, Dubai, PO BOX : 84706