DMCC and DED announce 2 new Services

Introducing New Services from DMCC in Partnership with DED

Last year, Dubai Multi Commodities Centre Authority (DMCC) – the world’s flagship Free Zone and the Department of Economic Development (DED), the entity of the Government of Dubai that regulates the economic activity of all onshore companies, signed a strategic agreement to collaborate on the licensing of companies in Dubai allowing them to operate within the Free Zone and onshore mainland.

In line with the partnership, DMCC has finally introduced the two new services that will further facilitate trade and boost economic activity in the emirate.

The services are as follows:

• DED NOC to Operate Onshore
  DMCC member companies with specific service licence activities are now permitted to offer their services outside the Free Zone without having to incorporate another Company, provided that they obtain a no-objection certificate from DMCC first. Currently, there are more than 30 eligible service activities that would be permitted to conduct business outside its zone.
  The eligible DMCC companies can apply online for a No-Objection-Certificate (NOC) from DMCC to obtain the permit from DED. This NOC will be required to obtain the Commercial Permit to operate onshore/mainland, from DED.The NOC will be valid for 90 days from the date of issuance.
• Dual Licence Office Permit
  DMCC member companies who wish to have their DED branch/Subsidiary or a DED Company with Common shareholder operate from the same JLT office address they occupy, can now apply for Dual Licence Office Permit subject to meeting the eligibility criteria.Eligibility criteria are as follows:
  1. Branches of DMCC Companies:
     A DMCC licensed Company occupying an office in DMCC Free Zone and having a branch in DED can apply for this permit in order to share the same unit (office) address with DED Company.
  2. Subsidiaries of DMCC Companies and Companies with Common Individual Shareholders:
     The Company may share the same unit (office) address, provided 25% common ownership is continually maintained.

The validity of the permit is one year, which will help save the cost of leasing another office for the DED licence. Leased/purchased property type must be office as per the title deed of the Unit. Sharing on any other property types such as “workshop, shop/retail, land, flat etc.” is not allowed.

Also, units within Business Centres, co-working spaces and Incubation Centres are not eligible for Dual Licence Office Permit as each Company must be allocated to a dedicated area within the unit with the minimum area size for DMCC Company being 300 sq. ft.

Retail and industrial activities are also not eligible for Dual Licence Office Permit.

To know more about the partnership and services, feel free to get in touch with one of our team members at mail@affiniax.com or call us on +971 4 425 6616.