Audit & Assurance
Dubai Maritime City Free Zone is a one-of-a-kind; global maritime hub located in the United Arab Emirates. The Dubai Marine City Authority (DMCA), DMC's main governing body, was established in 2007 to develop, promote, and oversee maritime activity. It is one of the world’s most advanced and successful business parks for maritime businesses of all sizes. The free zone offers unparalleled advantages to global companies looking to establish their presence in the Middle East. It provides an extensive range of services to its customers, including a dedicated maritime authority, strategic location and access to major international markets.
The Dubai Maritime City Free Zone facilitates the growth of local and international businesses by providing tax incentives, competitively priced land leases and hassle-free entry procedures. Companies based here enjoy full foreign ownership privileges as well as 100% repatriation of capital and profits. Furthermore, they benefit from a wide range of government support initiatives such as accelerated customs clearance processes and simplified import/export regulations.
The following are the benefits of establishing a business in a DMCA free zone:
DMCA provides the following business legal entities:
1. Establishment of a Free Zone (FZE)
An FZE may establish a business with a single shareholder.
2. Free Zone Corporation (FZC)
A maximum of 5 shareholders are permitted under a FZC.
3. Subsidiary Office
Because a branch office is legally dependent on its parent company, it is permissible to establish a branch office in the name of its parent company.
The Dubai Maritime City Authority offers the following types of business licences:
Commercial Permit
To engage in general maritime activities, a company or individual must obtain a commercial licence from the authority.
Commercial Maritime License
Commercial marine licences are available to companies engaged in maritime activities and individuals engaged in recreational activities in Dubai waters.
Marine Craft Crew Certification
This licence allows foreign and domestic companies to build and operate watercraft in accordance with international standards.
License for Maritime Operation Services
The holder of this licence is permitted to operate waste management in seawaters.
License for Maritime Education and Research
A maritime education and research licence is for companies involved in maritime education and research.
To do business in Dubai Maritime City, a company or individual must follow the DMCA's procedures:
Fill out the business application form to get preliminary approval from the government.
The following step is to register your company by submitting registration proof.
Next, submit all of the documents required for your business activity, as well as the shareholders' personal data sheet.
After you've turned in all of your paperwork, it's time to pay the required fee.
Finally, you can apply for a business licence.
Reyson Badger is an approved auditing firm for Dubai Maritime City Free Zone, a major business hub in the United Arab Emirates. The firm specializes in providing top-tier auditing services to local and international companies based in the free zone. Reyson Badger's experienced teams of certified public accountants (CPAs) are committed to providing unbiased, accurate and trustworthy financial advice that meets the highest standards of professional ethics.
The company offers a wide range of audit services, including statutory audits, internal control reviews, compliance assessments and forensic investigations. Our staff also has expertise in assessing accounting systems and carrying out due diligence procedures related to mergers and acquisitions. Reyson Badger provides clients with timely reporting on their financial results as well as industry trends that affect their businesses.