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Dubai Multi Commodity Center

Dubai Multi Commodity Center Business SetupCompany Formation in Dubai Multi Commodity Center (DMCC)

Setup Your Company in Dubai Multi Commodity Center (DMCC) with Connect Middle East

DMCC Free Zone is the largest free zone in the UAE, also declared as the “Global Free Zone of the Year” more than once. DMCC registered more than 15,000 registered members as of 2018 and now has more than 2000 companies, opening in the free zone in a year and also home to more than 13,000 multinational businesses and start-ups. DMCC mainly serves as a trading platform for start-ups as well as MNCs. They offer exquisite infrastructure and outstanding services for around 17,000 business establishments. The DMCC authority was established in 2002 by the Government of Dubai to provide the physical, market and financial infrastructure required to establish a hub for global commodities trade.

Connect Middle East is a trusted business advisor who guides entrepreneurs and businessmen on Business Setup in Dubai Mainland, UAE. We help you to understand and guide regarding the licenses and permits based on your services and business activities.

They also offer valuable business incentives and services housed within a collection of purpose-built towers, as well as a plot of land allocated

for specialized as well as a plot of land allocated for specialized manufacturing and trading of products such as precious stones, gold, tea, pearls, silver, copper, diamonds, agro, base metals, currencies, energy, equity and others. DMCC is located at Jumeirah Lakes Tower (JLT), Dubai, (U.A.E.).

The following are benefits of the Company Formation in DMCC-

  • Masdar City Free zone
  • TWOFOUR54
  • Khalifa Industrial Zone (KIZAD)
  • Abu Dhabi Global Markets Free Zone (ADGMFZ)
  • Abu Dhabi Airport Free Zone (ADAFZ)
  • Abu Dhabi Ports Company Free Zone (ADPC)

Surrounded by a region that is fast developing and rich in natural resources and petro dollars, and combined with a tax friendly authority and laissez-faire attitude towards capital repatriation and movement of funds, DIFC offers an ideal financial destination and powerhouse that is incomparable.

Setup Your Company in Dubai Multi Commodity Center (DMCC) with Connect Middle East. We are the experienced professional business advisors to ensure fast and efficient company formation all over in the UAE.

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PROPER BUSINESS WORKING

Benefits of
Dubai Multi Commodity Center (DMCC)

Tax Exemption
Office Space
No currency exchange restrictions
International exposure
Best Location
Reach international Markets
Business Setup in Saudi Arabia

Business setup in DMCC Free zone

The Dubai Multi Commodity Center, most commonly known as DMCC, is a Free Zone that offers significant advantages to investors thanks to its world-class infrastructure and trading opportunities.

The DMCC was established in 2002, and ever since it has become one of the top commodity trading center. It’s the largest Free Zone in the United Arab Emirates, and it’s the home for more than eight thousand companies that work in several industries, from small businesses to established corporations.

For this reason, foreign investors consider carrying out the Company Formation in Dubai Multi Commodity Center (DMCC), so they can enter a thriving market.

Forming a company in DMCC

The Business Setup in Dubai Multi Commodity Center (DMCC) process is very fast and investors can have their business up and running by following a few simple steps. First, you need to submit your initial request and fill the company registration details. After that, you must complete the payment and submit your documentation. Lastly, you must provide all the requirements for the business license and then you can collect it.

With your business license you can apply for residence permits, visas and more. Here we have the documents you need to incorporate a company in DMCC:

  • Passport copy for each shareholder, director, manager and secretary
  • Business plan
  • Personal details about each shareholder
  • Copy of UAE visa for each shareholder
  • NOC from sponsor (if applicable)
  • Proof of home address
  • MOA and AOA
  • Additional approvals from authority (if required)
  • Bank share capital deposit

DMCC Business Activities

The DMCC activity list covers a wide range of businesses and industries, since companies in this place can engage in conventional trading, professional services and even crypto commodities trading.

Since it’s the world’s largest Free Zone, it welcomes businesses from many industries, so it’s a great place for testing the market and establishing solid operations.

Some of the most popular business activities in DMCC are the following:

  • Restaurants
  • Retail business
  • Agriculture
  • Manufacturing
  • Construction
  • Trading activities
  • Hotels
  • Transportation and storage
  • Financial services
  • Education
  • Social work
  • Fishing

In addition, in DMCC businesses can carry out social, community and personal services as long as they have the proper license.

Business Licenses for DMCC

DMCC requires businesses to have a valid license so they can carry out their operations legally in this Free Zone. The DMCC Authority issues various types of business licenses, and investors must select the one that suits their preferred business activity. Otherwise, they may incur in issues.

The business licenses issued in DMCC are the following:

  • General Trading License: the company that holds this type of license can carry out trading activities that are allowed by the DMCC Authority. It allows businesses to trade a wide range of products.
  • Trading License: with the DMCC trade license verification, companies can engage in trading activities but only those that are specified on the license.
  • Service License: the service license allows businesses to carry out professional services that are listed on the business license issued. Lawyers, consultants, and service-related professionals can apply for this license.

Benefits of doing business in DMCC

  • No corporate and personal tax
  • Foreign investors have 100% ownership of the business
  • No restrictions with currency
  • Access to one of the fastest-growing and leading Free Zone in the UAE
  • Strategic location to conduct business globally
  • Access to a variety of facilities and trading of commodities
  • Safe and regulated business environment
  • Innovative and modern properties
  • Highly-connected business community with several networking events
  • Access to outstanding trading platforms
  • It’s a great alternative to Mainland
  • Easy access to ariports and seaports in its residential and commercial properties

Business entities in DMCC

To start your Business in Dubai Multi Commodity Center (DMCC) you must select your business activity, business license and legal structure for your company. You have to choose the type of business entity that suits best your operations. In this regard, we have the following types of corporate structures available in DMCC:

  • Limited Liability Company – investors can incorporate an LLC in DMCC with a single shareholder or more, with a maximum of 50.
  • Subsidiary of an LLC – A foreign company can establish an LLC as long as it’s a subsidiary and wholly owned by the parent corporation.
  • Branch of a Company – A local-based or foreign-based company can establish a branch in DMCC. It’s not necessary to have a share capital to establish this type of business entity.

DMCC License costs

According to the DMCC Dubai rules and regulations, investors must pay the required fees and expenses to register a company and obtain a business license.

There are three major fees involving registration and licensing, which are the following:

  • DMCC Business License: AED 1035 for pre-approval and AED 20,000 for license fee.
  • Registration fees: AED 9,000 for one-time registration fee and AED 2,020 for MOA and AOA.
  • Facility rent: AED 1000 for security deposit, and office rent can vary depending on the size of the physical space. For example, the fee for a flexi-desk starts from AED 17,500.

DMCC Innovative Facilities

The Dubai Multi Commodity Center (DMCC) Company Setup is great for businesses looking for state-of-the-art facilities from where they can conduct their operations smoothly and efficiently.

In DMCC, investors can find outstanding types of accommodation for their companies, and some of the most outstanding are the following:

  • Commercial and residential properties – In DMCC you can find a variety of office types that are designed to suit the company’s needs. These properties can be for leasing or purchased at very competitive prices.
  • Towers – DMCC’s own properties offer several advantages to businesses that are engaged in commercial activities. There are many options to choose from, like the Almas Tower, Gold Tower, and more.
  • Plots of land – businesses can rent plots of land to build their own company’s facilities and carry out their operations.
  • Business center – DMCC offers the Silver Business Center with several types of offices that offer great benefits. In addition, investors can receive outstanding support services and enjoy its highly advanced technology and working environment.
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Types of LicenseTypes of Business License
in Dubai Mainland

You can find four major business licenses that the DED issues for companies in Dubai Mainland. Let’s take a look at them:

Commercial license

Under this license, mainland companies can undertake activities like buying and selling products. And after getting this license, traders can also obtain a general trading license, which allows them to trade more products. And these two licenses are among the most common ones in Dubai and the rest of the UAE.

Industrial license

: this other license allows companies to carry out manufacturing activities. Therefore, this is the most suitable license for factories and industries to perform these types of activities. Nonetheless, it is possible to require approval from other authorities to get this license, such as External Ministries.

Professional license

As for this business license, it’s special for individuals and companies that look forward to providing professional services. For example, service-oriented activities like business consultancy and accounting services are some of the allowed ones. And some others could be related to education, management, healthcare, advertising, and many others.

Tourism license

Since the tourism sector is among the most important industries in Dubai, there is a special license for tourism-related businesses.
Deira
You can find it in Dubai North, sharing the border with Sharjah. It is a perfect location for setting up small and medium businesses, shops, or enterprises.
Business Bay
This is one of the favorite locations of most investors because is probably the most advanced area. And the hospitality sector is the most prosperous industry in this location due to the benefit it gets here. You can find this place between Sheikh Zayed Road and Dubai Creek.
Al Qusais
This other one is located close to the Dubai International Airport. And this location is the ideal one for carrying out industrial activities. However, it is also perfect for educational institutes and commercial establishments.
Al Quoz
You can find this other location in the South-West area of Dubai, and just like the previous one, Al Quoz is ideal for industrial activities. Most investors decide to set up warehouses and industrial businesses.
Jumeirah
This other one is on the west coast. And Jumeirah dedicates its spaces and services mostly to tourism-related companies and also real estate businesses. Here you will find many resorts and restaurant that attracts many tourists from many different countries.
MORE THAN JUST BUSINESS

From your problem
To real solution

How can you complete the Mainland company setup process in Dubai Mainland?

STEP 1Assign a Local Sponsor

Assign a reliable UAE local sponsor for your company. It is important to sign an agreement with your chosen agent in which the official responsibilities are specified. Besides, it is also necessary the local agent’s NOC to set up your business, along with other essential documents.

STEP 2Obtain the initial approval from the DED

You must obtain the initial approval from the DED, but you can let a consultant get this step done for you.

STEP 3Select & Register a Trade Name

Select & Register a trade name for your business. And then, you must select and register a trade name for your business by following certain rules. Once you have done this, you need to get your office space ready and apply for a license.

STEP 4Pay Fees & Submit Documents

Pay your license fee and submit all required documents in order to get your license from the DED. After completing all these steps, you will be able to start operating your company in Dubai Mainland.
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