Based on your shareholding structure, your company type will be auto-populated as one of the following company types:
Owned by single or multiple shareholders that are natural persons.
Joint Venture: A joint venture is a company owned by a combination of individual(s) [i.e. natural person(s)] and company(ies) or owned by more than one company.
A subsidiary is an entity owned 100% by another company ("Parent"). The subsidiary company may perform different business activities than its Parent, and may have a different company name.
A branch is legally part and extension of its parent company and does not have a legal identity distinct from its parent company. In practice, a branch is selected if a parent company wishes to set up a new office in a new location for an existing company, carrying out some or all of the business activities of the parent. The liabilities and assets of the branch are not distinct from the parent company. The name of the branch and its activities must be the same as the parent company. A branch does not have its own Memorandum and Articles of Association. A holding company cannot set up a branch at DMCC; however, it can own shares in a new company.
Based on the selected license type, an array of business activities will be available. You may select up to 3 activities under the same license for a fee. To do so, the 3 activities must have the same first two digits (i.e. Activity 1: 7299-03 and Activity 2: 7214-26).
Proprietary Trading in Crypto-commodities
Includes the buying and selling (Proprietary Trading) of crypto-commodities developed on distributed ledger technology applications. This activity does not include acting as an exchange, providing brokerage services, financial services, banking services, payment processing or storage services.
Distributed Ledger Technology Services
Includes providing database management solutions and ancillary services based on distributed ledger technologies, such as Blockchain. Companies with this activities are not permitted to trade in, or setup an exchange for, currencies or crypto-currencies/commodities or provide any financial activity services, brokerage or payment processing.
Includes firms specialized in computer systems software design, implementation, operation and maintenance based on analyzing the user's problems and his need for economical solution and the programs necessary for realizing such a solution, it involves designing application software designed to run on smartphones and mobile devices.
NFTs E-Marketplace Provider
This includes firms engaged in providing an online platform for the buying & selling of third parties’ unique digital assets (NFTs) and facilitates commercial interactions between buyer and seller in return of a commission or remuneration. The online platform cannot be used to trade or promote crypto-commodities, cryptocurrencies or NFTs covering any regulated products or securities. (Stand-alone licence activity is allowed for new companies only and cannot be conducted with other activities under the same company).
Metaverse Service Provider
This includes firms engaged in the development and hosting of digital virtual environments, which enable simulated interactions between individuals. Companies with this activity are not permitted to issue tokens which are traded on exchanges or trade in crypto-commodities. (Stand-alone licence activity is allowed for new companies only and cannot be conducted with other activities under the same company).