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Dubai Multi Commodities Centre (DMCC) Free Zone

DMCC (Dubai Multi Commodities Centre)

The Dubai Multi Commodities Centre or DMCC has become a resource center not only for the Middle East but for the whole world. DMCC is not like other free zones in Dubai, but it offers a lot of potential and opportunities for the retail and commerce sectors. The DMCC Free Zone is a gateway to global trade and exclusive retail space to grow your business. DMCC was named the FDI Global Free Zone of the Year by the Financial Times for the third year in a row.

The Benefits of Starting Business in DMCC

DMCC facilities and free zone benefits promote all the needs and requirements of all types of business activities in the world. Starting a business at DMCC not only brings a great brand to your business, but you also get the below-discussed benefits:

  • 100% foreign business ownership
  • 100% capital repatriation and retention of business profits
  • Easy licensing procedures for a range of business activities
  • Plug-and-play office installations
  • Easy lease or sale optional available for offices at competitive rates
  • Immigration services to take care of all visa and work permit requirements
  • Exemption for corporate taxation
  • Exemption from personal income taxation
  • No tax for import and export duties
  • The possibility of opening a bank account with a Dubai bank
  • Able to obtain residence and work permits for both employees and shareholders
  • Able to own real estate properties in Dubai

Quick Query

Business Activities in DMCC

Dubai Multi Commodity Center Free Zone welcomes a vast range of financial and professional business activities. Below are a few options which are available for entrepreneurs and foreign investors:

  • Oil and Gas Consultancy
  • Marketing Services
  • Management Consultancy
  • Accounting and Bookkeeping
  • Precious Metal and Stones
  • Events
  • IT Consultancy
  • Education and Training

Types of Business Licensing Options in DMCC Free Zone

DMCC Free Zone provides an environment that is home to many business activities and is perfect for any business. The DMCC licensing authority offers the below-discussed licensing options:

Trading License

This license allows import, export, distribution, consolidation and storage of almost any type of product.

Service License

It allows the execution of service or consulting activities specified in the license.

Industrial License

This business license allows light production activities specified in the license.

Commercial License

This particular business license allows trading in all permitted items.

Branch Company

Allows you to open a branch of an existing company and conduct business in a DMCC free zone. The company can also seek other permitted business licenses following its business activities.

Company Formation Process in DMCC

The Dubai Multi Commodities Centre Free Zone Authority makes company registration with the DMCC quick and easy. All new investors or entrepreneurs must follow these steps:

Step 1: Decide your Company Type and Activity

In the first step you decide on your company and the legal form of the company, where you can choose from the following three options:

  • Free Zone Establishment (FZE)
  • Free Zone Limited Liability Company (FZ-LLC)
  • Branch of a Company (UAE or Foreign)

Step 2: Submit Application and Documents

The next and important step is to submit your application for the procedure and certify the required documents, namely:

  • Duly filled in the application form
  • A valid copy of your passport and visa
  • Valid proof of residential address [this can be any utility bills like water, electricity, etc.]
  • A business plan
  • In the case of a branch, copies of parent company documents are also required
  • Finally, a No-Objection Certificate (NOC) from the sponsor who holds a valid UAE visa

Step 3: Sign, Pay and Collect

After reviewing all the documents and applications you submitted, the authorities will issue a lease and license agreement once your application is approved and make the necessary payments.

Step 4: Choose an Office Location

Send the lease to the new office and start your business. DMCC will issue your e-license so you are ready to do business in Dubai Multi Commodities Centre.

Visa Processing in DFZA

Once the company has received the license and company documents, it can now issue a Visa. The number of visas issued to companies depends on the size of the chosen institution. The visa is valid for three (3) years.

Company Registration in DMCC

DMCC can accommodate limited liability companies and overseas and UAE branch companies. To open a limited liability company or branch, the following requirements must be met:

  • The start-up capital for a subsidiary or new company is AED 50,000 and must be paid in full three weeks before incorporation and can then be withdrawn immediately
  • The company must have at least one shareholder, two to seven directors, who can be of any nationality and residency.
  • Companies can issue service licenses, business licenses and general business licenses.
  • Companies are required to have an individual as the president director.
  • The company must have a registered office.

Documents Required to Open a Company in DMCC

Foreign investors interested in starting a business at the Dubai Multi Commodities Center have three options:

  • a branch office
  • a limited liability company (LLC)
  • a subsidiary of parent company

The documents required to set up a company in the DMCC are:

  • Clear colored copies of the passport of the applicant(s)
  • Proof of residence
  • a business plan proposal
  • a No-Objection letter from the UAE sponsor

In the case of branches and subsidiaries, the applicant must also submit a translated and legalized copy of the deed of establishment. In addition, the applicant must reside in the Dubai Multimedia Center.

What We Offer

The Dubai Multi Commodities Free Zone has contributed to the development of Dubai's commercial and trade industry, making it the best industry to penetrate and start a business. Starting a business in DMCC will ensure the growth and prosperity of your business, and a business consultant can help you get started. The MAD Middle East services include company registration, licensing, PRO services, UAE VAT registration, employee visa services and other legal formalities for companies. We bear the burden of business setup services in Dubai to focus on the bigger picture of your business. Contact us and our team will be happy to assist you.

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