The Dubai Multi Commodities Centre (DMCC) is a leading free zone in the United Arab Emirates, renowned for its exceptional features and advantages for businesses. Positioned as a global hub for trade and commerce, DMCC offers a diverse range of business activities, attracting companies from various industries. Key features include state-of-the-art infrastructure, world-class facilities, and a strategic location in the heart of Dubai.
Businesses in DMCC benefit from 100% foreign ownership, no restrictions on repatriation of capital and profits, and a straightforward company setup process. The free zone fosters a dynamic and vibrant business community, facilitating networking and collaboration. With its commitment to innovation, sustainability, and a business-friendly environment, DMCC continues to be a preferred choice for companies seeking growth and success in the Middle East and beyond.
Unique Features of DMCC
- DMCC is dedicated to the trade of commodities, including gold, diamonds, precious metals, tea, and other goods.
- DMCC offers modern infrastructure and cutting-edge facilities, including the iconic Jumeirah Lakes Towers (JLT), providing businesses with a prestigious and professional setting.
- Companies in DMCC can choose from various business structures, including Free Zone Company (FZCO), Free Zone Establishment (FZE), and Branch of a Foreign Company, allowing flexibility to suit different business needs.
- DMCC hosts a diverse and thriving business community, fostering networking opportunities and collaboration among companies from different sectors and industries.
- DMCC provides a range of comprehensive services, including business setup assistance, licensing, and support services, facilitating a smooth and efficient process for companies establishing themselves in the free zone.
- DMCC embraces innovation and technology, introducing digital platforms and smart services to enhance the business experience for its members.
Types of licenses available in DMCC
- Commercial License
- Professional License
- Trading License
- Service License
Benefits of setting up a business in DMCC
- 100% foreign ownership
- 0% corporate tax on Qualifying Income
- Offer of freehold commercial properties for sale & lease at affordable rates
- No currency restrictions
- World-class infrastructure & facilities
- Flexible office solutions including serviced offices, flexi desks, & shared offices
- Strategic location
- Access to a network of business support services
- Prestigious address in the Jumeriah Lake Towers area & close to Dubai Marina
FAQs
The documents required for company formation in DMCC include but not limited to:
- Online pre-approval application form
- Copy of your passport
- UAE residence visa and a copy of Emirates’ ID (if the shareholder is a UAE resident)
- Proof of residential address in country of residence (For example, a utility bill or bank statement)
- Copies of parent company documents (Required when setting up a subsidiary)
- Third-party approvals for certain regulated business activities
- Details of an office address in DMCC free zone (required after your company has been registered)
The costs of setting up a company in DMCC will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 451 1023.
No, you do not need a local partner to set up a company in DMCC. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in DMCC, reach out to Gatestone Group today via [email protected] or call +971 4 451 1023.
DMCC has a number of regulations that businesses must comply with. These regulations cover areas such as taxation, labor law, and environmental protection. Unleash the potential of your business in DMCC with Gatestone Group’s comprehensive company formation and post-incorporation services via [email protected] or call +971 4 451 1023.