Foreign investors who are interested in maritime business activities can register a company in Dubai Maritime City Free Zone. Dubai Maritime City is located on a man-made peninsula, between Port Rashid and Dubai Dry Docks, offering high-quality infrastructure and logistics. Our lawyers in Dubai can present to you the legal environment and the business opportunities available in Dubai Maritime City (DMC). We can handle the registration process for any type of company in Dubai.
The structure of Dubai Maritime City Free Zone
The DMC structure is made out of six strategic locations:
- • the Maritime Centre is set up as the main business center for local and international maritime companies;
- • the Industrial Precinct has as the main activity the repair and maintenance of ships;
- • the Harbor Offices is the area in which maritime businesses can set up their firms;
- • the Harbor Residence area provides residential apartments;
- • the Marina District was created to meet the recreational and practical needs of people living here, by offering charter and ferry transportation;
- • the Academic Quarter is designed as a studies center.
Dubai established free zones the emirate to attract foreign investment. Businesses located in these zones are exempt from taxes like the value added Tax and are 100% owned by foreign nationals. When moving to the UAE based on a Dubai investment visa, one can also choose a free zone to settle.
There are two ways to apply for a freelance visa in Dubai. You can go directly to one of the many free zones, or to the Department of Economic Development (DED). The application process is straightforward either way. It usually takes 7 to 10 days to get your license. Our Dubai lawyer can help you obtain it.
The video below explains the requirements for opening a company in Dubai Maritime City Free Zone:
Incentives for foreign investors in DMC
The main regulatory body in DMC is the Dubai Maritime City Authority, which has the legal capacity to establish the taxation provisions available for foreign investors. When opening a company in DMC, an investor can opt for one of the following legal entities:
- • a Free Zone Establishment (FZE), which has only one shareholder;
- • a Free Zone Company (FZC) must have at least two shareholders, but maximum five;
- • a Branch office is a dependent legal entity, whose business is carried out in the name of the parent company.
In case you want to set up a company with an independent legal status, you may choose from FZE or FZC; although the registration process in DMC in a simple one, the documentation required for the two types of company differ and we recommend you to ask for advice from a law firm in Dubai. DMC offers attractive business legislation, as the companies registered here are exempt of tax on profits or the tax on capital gains; DMC also offers the possibility of 100% capital repatriation and 100% foreign ownership.
If you need further information on the tax legislation in Dubai Maritime City Free Zone, please contact our attorneys in Dubai, who can offer you advice on the business environment in DMC.