Dubai Multi Commodities Centre Free Zone

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Free zone Company setup in Dubai Multi Commodities Centre

DMCC is a major player in the global multi commodity market on its pulsating and progressive growth in a short span of time. Most the business giants have an eye on this free zone, as it is in a prime location here there is a strong regulatory and legal frame work, prominent office solutions and dependable customer support. On an average, nearly 170 companies register in this free zone every month. Today in this free zone there are giant corporate companies to small start ups that are equally benefited from DMCC's global reputation.

As this trade zone is close to all major commercial centres, it acts as a logistics corridor for many types of trading activities. From here it is easy to move to the Dubai Marina, Sheikh Zayed Road and to the New Maktoum International Airport. Those who are planning to have a Freezone business set up on a strategic location with world-class infrastructure, excellent connectivity and good financial incentivises can consider DMCC as their primary choice. Some of the major commodities that are traded here includes diamonds, gold, tea, pearl, agro products and base metals.

You should have a valid DMCC Visa for doing business in this free zone. Many times it is not possible to go behind the visa procedures. But you don't have to worry about it. We are able to assist you in getting a Visa by completing all the legal and essential procedures. As a business Setup Consultant, we offer company formation and visa processing services in an effective way. By registering a company in DMCC, you are getting 100% business ownership and full capital repartition, other than a tax holiday for nearly 50 years. Our thorough understanding on the DMCC zone allows in completing all essential procedures without any difficulty. To get your business off the ground in Dubai, you can approach us at anytime.

As registration and licensing are just one side of business, we are able to offer many other services to give a better growth environment to your business. We can provide assistance in flexible office solutions, exclusive insurance advises and financial products. With us, you are just one step away from freezone company registration and its inaugural ceremony.

Guidelines for setting up a company in DMCC

Type of company you would like to start:-

You should check the type of company for which you are eligible for a license. You can start a newly formed Limited Liability Company, a wholly owned subsidiary of a foreign or local company or a branch of a foreign or local company.

Type of licence you can apply for your business activity:-

You can apply for a trading license, service license or an industrial license. A license will be issued depending on the business activity. A company can apply for multiple licences, if they are doing various types of business activities.

Selection of company name:-

You should give a name to your business before applying for a business license.

Documents to be submitted for business license:-

  • Summary of business plan
  • Passport copy
  • Proof of permanent address
  • Copy of parent company documents, if apply for a wholly owned subsidiary or branch
  • Certain other documents have to be submitted based on the type of business activity.

Benefits of starting a business in DMCC

  • Full ownership of business
  • 0% corporate tax and personal tax rate for 50 years
  • Smart networking events to connect with potential business partners
  • Streamlined documentation and licensing activities for various business activities
  • Wide options to select office solutions
  • Dynamic community setup to support all business activities

Free Zone FAQs

You can choose a free zone depending on the type of business activity you are going to perform there. Some of the free zones that are particularly meant for each activity include

  • Internet city
  • Airport free zone
  • Media city
  • Academic city
  • Knowledge city
  • Outsource zone
  • Multi commodities centre
  • Media production zone
  • Biotech Research Park
  • Auto zone
  • Gold and Diamond park
  • Health care city
  • Industrial zone
  • Financial centre
  • Humanitarian centre
  • Flower centre
  • Maritime centre
  • Logistics centre
  • Creative city

The main capital requirement depends on the type of business activity that you are planning to set up in a Free Zone. Specifications regarding the capital requirement depend up on the Free Zone you select for trading activities.

Choosing a legal form depends on the business type, trading activities, nationality of the owner and the preferred ownership options. Some of the common forms are:-

  • 1. Free Zone establishment (FZE) – Here one single share holder can run the business.
  • 2. Free zone Limited Liability Company (FZ-LLC) – Here the company can be registered with more than one shareholder.
  • 3. Brach office – Any international company can start a branch of their office in the free zone.

The procedures for setting up a company in a free zone are direct and easy to complete. General steps involved in it are as follows.

  • Filling up a general form provided by the Free Zone Authority. This allows in checking the company’s requirements and its mode of operation.
  • Documentation process
  • Submitting a copy of the lease agreement
  • A meeting with the free zone authority to finalize the location and the company registration procedures.
  • Passport copy of shareholder
  • Application form
  • Copy of Memorandum of Association
  • Copy of Article of Association
  • Copy Board Resolution

Normally it will take 3 weeks to finish the whole procedures. If there is any delay in the documentation procedures, then it will take 6 weeks to finish the registration process.

  • Jebel Ali Free Zone Authority
  • Dubai Multi Commodities Centre
  • Dubai Airport Free Zone Authority
  • Dubai World Central

Free zones are attractive as it provides lucrative options to the companies. Some are the following:-Free zones are attractive as it provides lucrative options to the companies. Some are the following:-

  • 100% foreign company ownership
  • 100% repatriation of capital and profits
  • Exemption from all import and export duties
  • No corporate tax
  • No dividend tax
  • Inexpensive energy
  • Legal consultation on free zone company setup
  • Verification of visa and work permit requirements in compliance with Emirates law
  • Identification of the corporate structure that suits current and future business plan
  • Drafting documents, collecting files and managing submissions as per requirement
  • Company Registration Amendments
  • Partnership options for offshore companies, professional companies or branch offices
  • Getting approvals from Free Zones authorities, Ministries and department of planning
  • PR activities
  • Accounts maintenance and auditing
  • Setting up of bank account

Yes, it is mandatory, below are the property options:

  • Flexi Desk
  • Serviced Office
  • Physical Office for lease
  • Physical Office for sale
  • Retail shop space for lease
  • Retail shop space for sale

A Free Zone license will give you 100% ownership of your company and complete control of your business. Incorporating your business in a Free Zone also tends to be a cheaper and easier process.

An advantage of a Non Free Zone setup is that this type of license allows you to freely operate in any area of the UAE. Even though a local Emirati sponsor who would have 51% ownership of your company, certain businesses simply work better with a Non Free Zone license. In other words, when you have a Free Zone license, you are allowed to operate only within that Free Zone but with a Non Free Zone license, you will not be restricted to one area.