Dubai Multi Commodities Centre (DMCC) Company Setup
DMCC stands for Dubai Multi Commodities Centre, which is a free zone authority in Dubai, United Arab Emirates (UAE) that specializes in company setup. It was established in 2002 by the Dubai Government as a strategic initiative to enhance commodity trade flows through the Emirate and position Dubai as a leading global commodities trading hub.
DMCC is one of the largest and fastest-growing free zones in the UAE, with over 19,000 registered companies operating in various industries, including commodities, trading, manufacturing, and services. The free zone covers an area of more than 200 hectares and is located in the Jumeirah Lakes Towers (JLT) area of Dubai.
DMCC provides a wide range of business services, including company formation, licensing, visa services, and regulatory support, making it an attractive destination for businesses of all sizes. DMCC also offers state-of-the-art facilities such as advanced business centers, shared workspaces, conference facilities, and residential apartments for entrepreneurs and business owners.
As a free zone, DMCC offers many benefits to companies, such as 100% foreign ownership, no corporate or personal income tax, no currency restrictions, and streamlined business setup processes. DMCC also has a reputation for being a well-regulated and secure business environment, which has helped attract many global corporations to set up operations there.
In summary, DMCC, a prominent UAE free zone authority, is at the forefront of facilitating company formation in Dubai. It offers businesses unparalleled access to world-class infrastructure, comprehensive business services, and a meticulously regulated business environment. Situated strategically in Dubai, DMCC benefits from its favorable business regulations and caters to a diverse range of industries, making it an ideal destination for companies aiming to establish their presence not only in the Middle East but also beyond.
License offered in DMCC
- Trading License
- Service License
- Industrial License
- General Trading License
- National Industrial License
- Dual License
DMCC business startup process
The business startup process in DMCC involves the following steps:
- Choose a business activity
- Choose a legal entity type
- Reserve a company name
- Apply for a business license
- Prepare legal documents
- Office space and visa requirements
- Obtain necessary approvals
The required documents to set up a company in DMCC
The required documents to set up a company in DMCC may vary depending on the type of legal entity and business activity, but generally include the following:
- Application form
- Business plan
- Passport copies
- Bank reference letter for some type of companies
- other documents depending on the nature of business
Advantages of company setup in DMCC
- Strategic location
- Business-friendly environment
- World-class infrastructure
- Wide range of business activities
- Tax benefits
- Freehold ownership
- Networking and business opportunities
Frequently Asked Questions
The DMCC Free Zone Authority oversees the registration and regulation of businesses within DMCC.
Some business activities in DMCC require mandatory insurance coverage.
You can close your DMCC company by following the stipulated procedures and settling any outstanding obligations.
Yes, DMCC operates within the legal framework of the UAE.
Yes, you can open a corporate bank account with banks in Dubai for your DMCC company.
Yes, DMCC provides options for flexi-desks and virtual offices to suit different business needs.
The minimum capital requirement for a DMCC company varies depending on the business activity and license type.
DMCC offers various advantages, such as 100% foreign ownership, tax benefits, and world-class infrastructure.
DMCC caters to a wide range of industries, including trading, manufacturing, services, and more.
