What is GAA and how is it related to Dubai Company Formation?
German Arabian Advisory (GAA) is one of the International Service Providers of Dubai Multi Commodities Center (DMCC) Free Zone in Dubai. GAA can help you setup your company from Dusseldorf, Germany. A GAA representative can verify your passport, witness signatures and accept company formation related documents to be submitted in DMCC.
What is a Free Zone Company? Am I required to have a Local UAE Citizen Partner to setup a Free Zone Company?
Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE or Foreign Companies.
A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.
What Business Activity can I register with my DMCC Free Zone Company?
Find the business activity you have in mind, click here.
Can I choose any name of my choice for my DMCC Free Zone Company?
Yes, you can choose any name. However, name registration will go through DMCC Authority and Dubai Economic Department approvals.
Is there a specified number of employees I can hire with my Free Zone Company?
With DMCC Free Zone, the number of employees you can hire will depend on the Office Space you will lease. If you require more visas than the allocated number, additional fees are applicable. (Example: A 150 sq. ft. Serviced Office entitles you to have 3 visa allocations)
What is the minimum age to be a shareholder and how many shareholders are required to setup a DMCC Company?
DMCC has no minimum or maximum age requirement for an individual to become a shareholder. But individuals who are under the age of eighteen must be represented by a Legal Guardian.
Minimum one and maximum fifty shareholders for each DMCC Company.
What are the types of facilities allowed when you setup a DMCC Free Zone Company? Is it mandatory to rent a facility?
DMCC will allow you to either sell or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.
Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).
Yes, it is mandatory to acquire a facility upon issuance of the License.
Will my DMCC Free Zone Company allow me to trade inside and outside UAE?
Yes, you are allowed to trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.
Can I open a UAE Bank Account with my DMCC Free Zone Company?
Yes, you can and there is a wide variety of good banks to choose from.
What is the minimum Share Capital requirement for a DMCC Free Zone Company?
The amount of the Share Capital will depend on the chosen activity. Minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.
Am I allowed to open more than one company?
Yes, you are allowed to form as many companies as you want.
How much does a DMCC Free Zone Company Setup cost and what are the documents required to initiate the DMCC Free Zone company setup?
Documents and company setup costs will vary from one activity to another. To get a better idea about the costs involved, click here.
How long does a DMCC Free Zone Company setup take?
Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification and attestation requirements.
Can you assist me in setting up my DMCC Free Zone Company?
Yes, we can help and guide you through the whole process of your DMCC Free Zone Company formation.
I have an existing DMCC Free Zone Company and I need to make changes, can you assist me?
Yes, we can assist you on your DMCC license – company amendments.
What is a Serviced Office?
A Serviced Office is one of the office facility options of DMCC Free Zone companies. It is a cost-effective, fully furnished and functional office facility which caters various companies in different office sizes located in a Business Center.
Serviced Offices offer Administrative/Secretarial/IT Services, ergonomically designed office workstations, and Board Room meeting facilities.
What is German Arabian Business Center (GABC)?
GABC is a leading registered serviced office provider of DMCC in Dubai, United Arab Emirates. They offer the flexibility to start your business immediately and upgrade or downgrade your office size to suit your company’s requirements. For further information, please visit: www.gabc.ae.
Can I access my office on weekends and late at night?
You have 24/7 access to all amenities of GABC.
Reception will be available from 8:30 to 6:00pm – Sundays to Thursdays, additionally there is 24/7 CCTV Security support. Reception services include call screening and forwarding, photocopying, printing, fax, postal, and courier delivery services by our friendly and multilingual front of house staff.
What are the usable facilities in GABC upon my leasing?
You are given access to all the available facilities including the pantry, washroom, board & conference rooms, and lounge areas. Daily office-housekeeping will be done and no additional charges for water & electricity apply.
What are the other services/benefits I can get upon leasing a Serviced Office with GABC?
- Connectivity. Free CAT 6 structured Ethernet connectivity and high-speed WIFI coverage with secure firewall functionality; full IT support.
- Communication. Individual telephone numbers assigned to each workstation, fax number (optional), and exclusive V LAN segment.
- Lounge Areas. Comfortable stylish furniture, relaxing ambiance with an incredible view
- Meeting Room Facilities. Dedicated space for interviews, meetings, and 12-person board rooms along with audio-video and web conferencing facilities – perfect venue to meet clients and entertain guests
- Customer Service. Team GABC working persistently with passion to improve services and are attentive to detail ensuring the happiness and satisfaction of our clients
- Transport Links and Leisure. A convenient 5-minute walk to Dubai Metro Station, available public transport service, and accessible road routes. Nearby shops, restaurants, and cafes provide ideal venues for office-breaks
- One Stop Shop. Assisting you from business and licensing requirements, UAE Visa processing, financial recording services, leaving you to concentrate fully on your business
What are the sizes of the serviced offices and how will I know the prices?
What are the leasing terms with GABC?
GABC’s minimum rental period is generally 1 year. Early/Pre-mature termination of lease is allowed upon 3 months of occupancy.
How can I view the offices? Whom should I contact for Serviced Office bookings?
Can I have a UAE Residence Visa through my DMCC Free Zone Company? Does this also apply to my family?
Shareholders and Employees of a DMCC Free Zone Company are eligible to have a UAE Residence Visa. They can also sponsor their family as long as they reach the minimum salary and have the approved profession.
Is income tax applicable for UAE Employees?
No, UAE is an income-tax free country.
How long can I stay outside UAE if I have a valid UAE Residence Visa?
You are not allowed to stay outside the UAE for more than 6 months. If you exceed more than 6 months, your UAE Residence Visa will be automatically cancelled.
Do I need to be a UAE Resident if I have a DMCC Free Zone Company?
No, you are not required to be a resident or to live in the UAE if you own a DMCC Free Zone Company.
Can you assist me in getting my UAE Residence Visa in DMCC?
Yes, German Arabian Business Center, GAA’s DMCC Company, can help you.
I still have unanswered questions, whom should I contact?
Our Team awaits in answering your queries!
Contact Number: +49 211 9753 2490
Contact Number: +971 4 279 8300