Business Setup in DMCC

Dubai Multi Commodities Centre DMCC is a world-class free zone situated in the heart of Dubai, United Arab Emirates. DMCC is famous for its innovative and exciting business environment, offering unique opportunities for everyone to establish and grow their businesses in region. DMCC is a popular destination for companies operating in various industries, including commodities, metals, energy and others.

DMCC is in the Jumeirah Lakes Towers neighborhood, which comprises both commercial and residential towers and appears to be a city within a city.

Benefits of Business Setup In DMCC

• 100% foreign ownership
• Complete capital repatriation
• Broad range of permitted business activities
• Zero corporate and personal income tax rate
• Tax exemption for 50 years is guaranteed.
• Offers affordable freehold commercial properties for sale and lease.
• Variety of flexible office solutions such as serviced offices, flexi desks, and shared offices.
• Online customer service portals and effective online solutions
• Immigration services that are beneficial, including visa assistance
• DMCC events, segment specific clubs, and educational workshops provide systematic networking opportunities.

Licenses offered by DMCC free zone authorities

DMCC offers various types of licenses based on the company’s business activities and requirements. DMCC offers the following license types:

1. Trading License: Trading license allows businesses to trade in commodities such as precious metals, diamonds, energy products, and others. It is suitable for businesses that buy, sell, and exchange commodities within the DMCC and internationally.

2. Manufacturing License: This license is designed for businesses that engage in manufacturing activities such as processing, assembling, or manufacturing products from raw materials or components. It is ideal for companies engaged in manufacturing or production.

3. Service License: This license is for businesses that provide services such as consulting, marketing, information technology, logistics, and other professional services. It is appropriate for companies that do not engage in physical trade or manufacturing.

4. General Trading License: This license allows businesses to trade in a variety of products such as commodities, electronics, textiles, and others. It gives flexibility for businesses engaged in multiple trading activities.

To qualify for a Gold Trading License (Non-Manufactured Precious Metal Trading), any employee or shareholder must have past experience in the gold trade. A minimum stake of AED 10,000 is required for a partner visa.

Company Formation in DMCC

DMCC provides an comprehensive list of business activities permitted under each license type. Based on their business plans and requirements, companies can select the most appropriate license type and business activity for their specific operations.

It’s important to note that business activities and licensing requirements may be subject to change, and it’s advisable to consult with a professional business setup consultant like Socprollect for up-to-date and accurate information.

Facilities of DMCC Company

DMCC is One of the largest and fastest growing free zones in the Middle East. It provides you he facilities you need to build your business in Dubai and internationally. The business owners who own firms in this FZ are given a guaranteed 50-year tax exemption, 100% firm ownership, and a selection of freehold assets.
When forming a DMCC company, you have four options for renting facilities:

• Flexi-desk facility as the minimum required office space. SIRA (Security Industry Regulatory Agency) permission is not required if the FLEXI Desk facility is employed. AED 50,000 in company capital must be deposited in a bank within one month of receiving the license, and a capital letter must be presented to DMCC.
• Office or serviced desk
• office executive office in any of the JLT
• Warehouse (in JAFZA free zone)

Dubai Multi Commodities Centre was established to meet the specific needs of its key sectors, which include gems and colored stones, gold and precious metals, energy, and other commodities.

Documents required to setup your business in DMCC

• ONLINE PRE-APPROVAL APPLICATION FORM

• COPY OF YOUR PASSPORT In addition to your UAE residence visa and a copy of your Emirates ID, if applicable.

• PROOF OF RESIDENTIAL ADDRESS IN THE COUNTRY

A utility bill or a bank statement, for example.

• DOCUMENTS FROM THE PARENT COMPANY

When establishing a subsidiary, this is required.

• THIRD-PARTY APPROVALS FOR CERTAIN BUSINESS ACTIVITIES

• OFFICE ADDRESS DETAILS IN THE DMCC FREE ZONE (JLT)

After your company has been registered, you must complete this form.

Cost of Business setup in DMCC