Dubai Multi Commodities Centre (DMCC) is a prominent free zone authority and government entity founded in 2002 by the Dubai Government. Situated in the Jumeirah Lakes Towers (JLT) area of Dubai, it has rapidly emerged as one of the foremost global free zones for trade and business.
DMCC provides a diverse array of services and facilities to businesses, making it an appealing choice for companies seeking to establish or expand their operations in Dubai. The free zone offers a business-friendly environment, top-notch infrastructure, and a thriving community of multinational companies.
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Benefits of Setting Up a Business in DMCC
Strategic Location
Situated in Dubai, DMCC enjoys a strategic location that offers convenient access to both regional and international markets, making it an excellent gateway for businesses seeking global trade opportunities.
Free Zone Advantages
As a free zone, DMCC offers 100% foreign ownership, no personal or corporate income taxes, and full repatriation of profits, allowing businesses to retain more of their earnings.
Business-Friendly Environment
DMCC fosters a supportive and business-friendly environment by implementing streamlined processes, efficient services, and minimal bureaucracy, simplifying the process of establishing and operating a business.
World-Class Infrastructure
The free zone showcases state-of-the-art infrastructure, modern office spaces, advanced logistics facilities, and cutting-edge technology, all of which contribute to enhancing business efficiency and productivity.
International Business Community
Within its premises, DMCC accommodates a diverse community of multinational companies, fostering a vibrant and dynamic ecosystem that promotes collaboration, innovation, and business growth.
Networking and Events
DMCC arranges a variety of networking events, conferences, and exhibitions, presenting abundant opportunities for businesses to connect, establish partnerships, and explore new markets.
Types of Licenses Offered by in DMCC
Specific requirements and fees for each type of license may vary depending on the business activity and sector.
Trading License
This license permits a company to conduct import, export, distribution, and warehousing activities within the free zone.
Service License
This license permits a company to offer specified services within the free zone.
Industrial License
This license allows a company to carry out manufacturing or industrial activities within the free zone.
National Industrial License
Onshore/Local License: This license allows a company to carry out manufacturing or industrial activities outside the free zone, within the UAE.
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Process
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Make secure purchases for any YABS issued services using your credit card.
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Reach out to the banking services and inquire about the possibility of converting your purchase into an Easy Payment Plan.
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Choose from flexible payment terms of months.
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The standard terms and conditions of the banks will be in effect.
The cost of establishing a company with DMCC can fluctuate based on various factors, such as the type of license, office space, visa requirements, and any additional services required.
For a smooth and successful business setup in DMCC, it is advisable to seek guidance from a business consultant or setup service provider. The specific requirements and process may vary based on the type of entity, business activity, and other factors. Their expertise can ensure that all necessary requirements are met efficiently.
Choose a trade name
Select a trade name for your company that complies with DMCC guidelines and receives the necessary approvals.
Apply for initial approval
Submit relevant documents to obtain initial approval from DMCC, including the application form, trade name reservation letter, passport copy, and other required documents.
Apply for registration
Apply for company registration with DMCC by submitting the necessary documents and paying the relevant fees.
Submit additional documentation
Once the company is registered, you may need to submit additional documents to obtain a business license, such as a tenancy contract, lease agreement, and business plan.
Obtain a business license
Acquire a business license after submitting the required documents and obtaining the necessary approvals.
Open a corporate bank account
Set up a corporate bank account to receive capital and conduct business operations.
DMCC provides a range of business structures to meet diverse needs
Free Zone Limited Liability Company (FZ-LLC)
This is a separate legal entity with shareholders, either individuals or corporate entities, ranging from one to a maximum of 50. It allows 100% ownership by non-UAE nationals and permits various business activities within the free zone.