Company Formation and Business Setup in DMCC (Dubai Multi Commodities Centre )
- Business Licenses
- Company Formation
- Document Attestation and more
Setting Up A Company in Dubai Multi Commodities Centre
Connect Zone offers ongoing support for your Business Setup in DMCC, let us take your business to a whole new level and enjoy the solutions we offer.
Our team provides top-notch services that can help you obtain your visas, permits, licenses, and more. Streamline your business setup process and forget about the challenges of establishing a company by yourself.
Take your ideas into reality and reap the rewards with us!
Dubai Multi Commodities Centre (DMCC),
Dubai Multi Commodities Centre (DMCC), a government owned free zone located on the territory of Dubai, UAE. It is the world’s largest free trade zone for commodities exchange and related services.
An infallible characteristic of becoming a business entity in the DMCC is that it is very easy to get a license to operate. DMCC business license is hassle free and offers a low-cost alternative to create your business in the region.
Firms running their businesses within the jurisdiction of DMCC have huge opportunities of accessing the high level of infrastructural development, proximity to strategic markets, efficient logistics, and the business-friendly environment.
Moreover, businesses within the DMCC are not liable for corporate and personal income taxes unlike the rest of the Emirates. So, this makes it the best choice of entity for the formation of a business seeking to expand to the MENA region.
Types of Business Licenses You Can Get In Dubai Multi Commodities Centre
Commercial License
This license is suitable for companies that are engaged in trading, manufacturing, or service provision activities. It allows businesses to operate within the DMCC free zone, allowing them access to both the local market and the wider global market.
Professional License
Professional licenses in DMCC are available for both individual entrepreneurs and corporate entities. The license allows the holder to be eligible to receive all the benefits offered in the free zone such as import/export, ownership of assets, and more.
Industrial License
This license permits companies to operate in various industries including manufacturing, engineering, and services. The license allows companies to manufacture and produce items, import raw materials, and export their products.
Tourism License
One of the many services DMCC offers is a tourism license which is a great option for companies looking to enter the tourism industry in the UAE. With a tourism license, businesses get access to the numerous tourism-related activities that are available in the DMCC and the wider UAE.
Trade License
With us you can obtain it! Obtaining a trade license in Dubai can be a daunting task for many businesses. However, with us, the process is made easier, faster, and more efficient. With our help, you can set up your business in Dubai in no time.
Corporate Bank Accounts
We partner with top banks in UAE to ease your DMCC free zone company formation.
Dubai Multi Commodities Centre License Packages
Our packages help you lower your cost of Business Setup in DMCC.
RETAIL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
NON-FINANCIAL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
FINANCIAL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
Benefits of Establishing a Company in Dubai Multi Commodities Centre
Responsive Government
Establishing a company in the Dubai Multi Commodities Centre (DMCC) ensures easy access to the Dubai government's services.
Strategic Location
DMCC is strategically located in the heart of the Dubai city, providing easy access to the Middle East markets, as well as the African and Asian markets.
Tax Benefits
Companies in DMCC are exempted from taxes and duties, making it a highly attractive business destination.
Stable Political Environment
Company formation in DMCC free zone offers a stable political environment that is conducive to running a successful business.
Business Friendly Regulations
Companies in DMCC are governed by business friendly regulations, making it easier for businesses to set up and run operations.
Business Networking Opportunities
DMCC company formation provides excellent networking opportunities with like-minded businesses.
Access to Financing
DMCC offers easy access to financing, making it easier for businesses to secure the capital they need to grow.
Quality Infrastructure
DMCC offers world-class infrastructure, allowing businesses to operate efficiently and cost-effectively.
Professional Services
Business setup in DMCC offers access to a wide range of professional services, such as legal, accounting, and marketing services.
Company Documents
When setting up a company in the UAE there is a process you must follow. The final step of this process is receiving your trade license. This document will allow you to operate legally, set up a corporate bank account and have employees. This license will explain the exact activity or activities of your company and what type of license it is e.g. commercial. It will also have each shareholders and the manager of the company listed.
The procedures for renewal, cancellation or issuance of your trade license will be fully completed in the licensing authority your company is setup in. There are three different types of jurisdictions throughout the UAE:
Free Zone
There are over 45 free zones throughout the UAE all specializing in different industries and following their own rules and regulations. The fact they all have different rules means they all have different procedure as well. This is why obtaining, renewing an cancelling the can be extremely lengthy as unless you know the full process you will face challenges along the way.
Mainland
Mainland company setup in uae are formed through the government licensing department of each individual emirate. For any task to do with your license you must do it through the Department of Economic Development in that Emirate. In different Emirates the processes and timeline will be change meaning having the help of an expert makes everything a lot smoother.
Offshore
There are several offshore jurisdictions to choose from. These companies are registered in the UAE however; they do not operate in the UAE. Each offshore authority has its own set of rules & regulations which must be followed.
Steps For Business Setup in DMCC
Trade Name and Initial Approval
Document Signing and Submission
Tenancy Contract and Approvals
Trade license is issued is issued
Frequently Asked Questions
These are some of the most popular questions regarding DMCC company formation:
Yes, DMCC Company Formation process can be done remotely. It is an online based process, and includes application submittal, registration fee payment, and signing the documents electronically.
The DMCC (Dubai Multi Commodities Centre) is a government-owned free zone launched in 2002 in Dubai, UAE; it aims to create a physical, financial and market infrastructure to build commodities trade in Dubai. The DMCC provides support services to firms operating in commodities such as licensing, registration, storage of products in warehouses, logistics, banking, and financial services. DGCX known as gold & commodities exchange of Dubai is also accommodated here.
The cost of the registration of DMCC company depends on many aspects e.g. the kind of business activity and the number of shareholders.
Yes, the local authorities are currently trying to lure foreign investment into the DMCC at present.
Valid Passport
Every stakeholder within the business needs to provide a valid passport when looking to establish in the DMCC.
Valid Visa
Investors and entrepreneurs need to have their appropriate valid visas for their company formation.
Emirates ID
Likewise, each one of the business’ stakeholders is required to provide Emirates ID copies.
Bank Reference
Every party involved with the business formation needs to provide an attested bank reference letter.
Business Plan
Investors have to create a strong business plans that includes every detail about the new business venture.
Proof of Address
Do not forget to include a proof of address ideal to confirm the residency.
Application Form
Obtain and complete de DMCC business formation form with the support of professionals in the area.
Initial Approvals
Select your trade name and make sure that you abide by the guidelines to receive your initial approvals.
Memorandum of Application
Use professional services to draft and sign the necessary MOA to submit it to the local UAE authorities.
Articles of Association
Business owners need to provide the information about the company’s purpose, operating reasons, and activities.
Government Departments
Here are some of the most common questions we receive about PRO services
