Dubai Multi Commodities Centre DMCC

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Dubai Multi Commodities Centre

The Dubai Multi Commodities Center (DMCC) is one of the largest free zone and trade hubs in Dubai, United Arab Emirates. Established in 2002, DMCC offers a conducive business environment that comes with a wide range of support services for companies, such as access to trade finance, market intelligence, and networking opportunities.

Over the years, DMCC has cemented its position as one of the most successful free zones in the UAE, attracting over 15,000 companies from across the world. DMCC is known for its pro-business policies and support for startups, SMEs, and the commodities sector.

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Advantages of Setting Up Your Business
in DMCC

Here are the following benefits of incorporating a business in DMCC.

Access to Global Market

DMCC is located in the heart of Dubai, with close proximity to airports, and seaports.
Dubai is home to many expats. In fact, about 90% of the city’s population is composed of foreigners, giving you the opportunity to conduct business with multinationals.
Effective immigration services, including visa support.

One-Stop Shop

DMCC is a one-stop shop for all business needs. It offers facilities and access to a world-class market, secure storage, trading and research services, world-class legal and financial advice firms, and an unrivaled logistics and transportation system.
With its diverse range of services and facilities, DMCC provides a member online portal to ensure a rapid response to any requests.

Tax and Financial Benefits

100% foreign company ownership
No restrictions on capital repatriation
No currency restrictions
No personal income tax
A 5% standard VAT rate
Only 9% corporate income tax (if applicable)

Cost of Starting a Business
in DMCC

The cost of setting up a business in DMCC will depend on different factors, including the number of visas you need for your company and office lease. 

Biz HQ Consultants business package starts at AED 23,000. This already includes:

Business License and Office Space
Flexibility to conduct business within the jurisdiction
Dedicated Account Management Team
Interest free monthly installment plan of AED 3,250 (RAKBANK, Dubai Islamic Bank, Mashreq, and Emirates NBD)
Crypto accepted payment

Types of Licenses Offered
in DMCC

Almost every type of business activity is permitted within the free zone.
Generally, these are the three types of licenses offered in DMCC:

Trading License

This license is for companies that buy, sell, import, and export goods from, to, and within the UAE.

Industrial License

This license is for companies that conduct light manufacturing in dedicated facilities within DMCC.

Service License

This license is for companies that provide services in the professional, legal, financial, media, technology, education, energy, and healthcare sectors.

Documents for DMCC Company Setup

*Required for a subsidiary setup

Subsidised License by 90%
4 Visa Allocation
100% Foreign Ownership
Governed by the UK Common Law and not the UAE Sharia Civil Law
Access to a Thriving Start-up Ecosystem

Subsidised License by 90%
4 Visa Allocation
100% Foreign Ownership
Governed by the UK Common Law and not the UAE Sharia Civil Law
Access to a Thriving Start-up Ecosystem

Business Structures
in DMCC

Here are the following legal company structures from which you can choose to establish your company in DMCC:

Subsidiary

A subsidiary is an entity owned 100% by a “parent” company. The subsidiary company may perform different business activities and may have a different name than its Parent company.

Branch Company

A branch company is an extension of its parent company. A branch company is usually established in DMCC by companies who want to take advantage of the free zone’s business ecosystem and incentives.

Limited Liability

A LLC is an entity separate from its shareholders. Therefore, the liability of the shareholders is limited to the amount of unpaid share capital.

Joint Venture

A joint venture is company owned by a combination of individual(s) or owned by more than one company(s)

Individual

Owned by single or multiple shareholders that are natural persons

Steps in Setting Up Your Business
in DMCC

Company setup process in DMCC usually takes around 2-4 weeks depending on your business activity.

1

Choose your business activities

The first thing to do in incorporating your business in DMCC is to outline your business activities to evaluate what type of trade license you will get.

2

Apply online

Fill out your application form correctly and submit it online. DMCC will complete the company name reservation, management, and compliance approval.

3

Pay, sign & submit the relevant documents

After submission of your initial application, you can now pay for the registration and license fees and sign the legal documents.
You will be then granted by DMCC a provisional approval and bank letter to open a company bank account.

4

Choose the most suitable office space

Select an office space that can accommodate your staff. Biz HQ Consultants can help you in selecting the most suitable and accessible location for your company.

5

Secure your visas

The next crucial step will be to secure DMCC visas for your team, so you can begin your operations. We will be happy to assist you with the needed documents and the application process.

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