Dubai multi commodities centre (DMCC) free zone business setup
Pricing For – (DMCC) Dubai Multi Commodities Centre Free Zone
About Dubai Multi Commodities Centre (DMCC)
Dubai Multi Commodities Centre (DMCC) has been voted Global Free Zone of the Year for four consecutive years. This free zone hosts over 15,000 companies and welcomes an additional 170 businesses every month.
It is open to almost any legitimate business activity and offers a range of flexible office solutions, including flexi-desk and serviced multi-storey office blocks, catering to businesses of all sizes.
Prices start from AED 50,000
Average business setup time: 4 weeks
Benefits of setting up a company in- Dubai Multi Commodities Centre (DMCC)
100% Business Ownership And Capital Repatriation
- As an expatriate, you can fully own a company and send all profits to your home country.
Plenty Of Scope
- DMCC provides the option to own a warehouse in either JAFZA or Al Quoz.
Business Centre Access
- DMCC's business centre houses a thriving network of 15,000 member companies.
Strategic Location
- DMCC is easily accessible from Dubai's airports, Jebel Ali Port, and Expo 2020.
Flexible Offering
- When setting up your business, it is possible to have up to six different activities of the same category under one trade license.
Straightforward Setup Process
- Complete your initial license application online and receive your license in just 4 weeks.
Dubai Multi Commodities Centre (DMCC) Business Activities
Dubai Multi Commodities Centre Free Zone welcomes a range of financial and professional business activities. Here are some of the most popular options:
Assembly
All Trading Activities
Events
Oil and Gas Consultancy
Accounting and Bookkeeping
IT Consultancy
Marketing Services
Precious Metal and Stones
Education and Training
Management Consultancy
Physical Presence Requirement
You don’t need to be physically present for the company setup process.
DMCC Company Formation: Everything You Must Know
Are you considering setting up a business in Dubai? If yes, then the Dubai Multi Commodities Centre (DMCC) free zone can be an ideal place for you. DMCC is the world’s largest free zone and it offers numerous benefits to businesses that choose to operate there.
In this blog post, we will provide you with all the necessary information about DMCC company formation. We will cover topics such as licensing requirements, the services available at DMCC, and how to get started.
Therefore, if you are interested in doing business in Dubai, make sure to read on!
Understanding DMCC Company Formation
DMCC is a free zone located in Dubai. It was established in 2002 and has grown to become the largest free zone in the world. Businesses located in DMCC are exempt from certain taxes and regulations, making it an attractive option for business owners looking to set up a business in Dubai.
DMCC is a hub where more than 11,000 companies from over 120 countries operate in various industries, including commodities trading, logistics, banking, and insurance.
The DMCC free zone is gaining popularity each year, with more firms opting to operate under liberal business rules. They enjoy complete ownership for expats and a tax-free environment in the top commercial sector of the area.
Businesses may now use DMCC as a hub and then reach out to the thriving international markets, thanks to increased shipping convenience. DMCC plays an important role in linking international trade routes.
DMCC offers a wide variety of benefits to businesses that set up shop there, including:
- 100% foreign ownership
- No personal or corporate taxes
- Wide range of business services is available
- Ease of company formation
Licensing Requirements
If you wish to establish a company in the DMCC free zone, it is important to obtain a licence. However, the licensing process can be somewhat complicated and there are several different types of licences that you may be eligible for.
The DMCC Trading Licence and DMCC Service Licence are the most common licenses for conducting business in Dubai. The Trading Licence allows you to conduct business, while the Service Licence enables you to provide services related to your business.
To obtain a license, you need to meet certain eligibility criteria. You must first register your company and have a physical presence in the UAE. Additionally, you will need to have a local service agent and ensure that your business activity complies with DMCC regulations.
The DMCC Trading Licence and the DMCC Service Licence cost AED 15,000 and AED 25,000, respectively.
If you want to meet licensing requirements and submit applications with ease, contact us at Gulf Gateway CSP. We are here to help you right now!
Services Available at DMCC
As we mentioned before, DMCC hosts a diverse range of businesses, such as banks, law firms, accounting firms, and logistics companies. Moreover, DMCC provides various services that businesses can benefit from.
Some of the most in-demand services provided by DMCC are:
- Company setup and registration
- Licensing and regulatory compliance
- Trade support and facilitation
- Business consulting
- Human resources and recruitment
- Marketing and communications
- IT and telecommunications
- Real estate assistance
How to Get Started
If you are considering conducting business in the DMCC free zone in Dubai, the first step is to get in touch with a local agent like us. We can guide you through the licensing process and assist you with setting up your business in the city.
Once you have obtained your license, you will need to register your company with DMCC. This can be done either online or in person at one of their offices. After the registration process is complete, you will be free to begin conducting your business in Dubai.
DMCC offers a wide variety of resources to help businesses get started, including a business directory, a library, and an online portal. It is the largest free zone in the world and offers 100% foreign ownership, no taxes, and a range of services that make it an ideal option for businesses.
If you are interested in setting up your business in Dubai, DMCC is undoubtedly the perfect choice. Contact us today to get started!
Dubai Business Setup
To set up a business in DMCC, you must provide the following documents with your application:
- Submit a fully filled application form.
- Include copies of passport, Emirate ID, and UAE residence visa.
- Provide a comprehensive company plan.
- Furnish an office address within DMCC.
- For a business visa, include relevant documentation of the parent company (for branches)
The DMCC Licensing Process
Step One – Eligibility
In order to obtain a DMCC license, your company needs to fulfil specific requirements. The most crucial requirement is that your business activity must always comply with regulations. You can find a complete list of eligibility criteria on DMCC’s website.
Step Two – Company Registration
After registering your company, you must provide DMCC with the documents mentioned above.
Step Three – Licence Application
Once you have registered your company and provided all necessary documents, you can apply for a license either online or in-person at DMCC offices.
Step Four – Approval
After submitting your application, DMCC will take a few weeks to process it. Once approved, you will be eligible to start your business in the free zone.
DMCC provides a variety of resources to assist businesses in getting started, such as a business directory, a library, and an online portal. If you’re searching for a location to conduct business in Dubai, DMCC is the ideal choice.
DMCC Business Auditing and Bookkeeping Requirements
DMCC requires that all businesses registered in the free zone must submit an annual business audit to ensure compliance with all of DMCC’s regulations.
In addition, businesses are required to maintain accurate books and records, including invoices, receipts, and other financial documents.
Do you need help finding a good bookkeeper? Get in touch.
If you’re not sure how to fulfil these requirements, don’t worry! We can help you get started.
Easy Corporate Bank Account Setup
Running a new business can be a daunting task, especially when it comes to setting up a corporate bank account. This process can be complex and time-consuming, but in order to conduct business, it is essential to have a corporate bank account.
At Gulf Gateway CSP, we understand the challenges that come with setting up a business bank account. That’s why we offer assistance in getting you started quickly and easily. We have established relationships with some of the best banks in the region and can help you set up a corporate bank account in no time.
If you are a foreign-owned company looking to set up a business bank account in Dubai, some of the best banks to consider are:
- Emirates NBD
- HSBC
- Standard Chartered
Living In The DMCC Free Zone
The Dubai Multi Commodities Centre (DMCC) is situated in the beautiful area of Jumeirah Lakes Towers in Dubai.
One of the biggest advantages of working at the DMCC is that you can reside and work in the same location!
The free zone provides numerous residential options, which include apartments, villas, and townhouses, among others.
Moreover, there are plenty of services and facilities available in the free zone, such as schools, hospitals, supermarkets, and more.
Here are some examples of the many attractions, amenities, and residential options that you can find around the DMCC.
Jumeirah Lakes Towers
Jumeirah Lakes Towers is a vibrant location that boasts a plethora of restaurants, shops and leisure amenities. It is also the site of the JLT Community Park, which provides both residents and visitors with a range of sports facilities, such as an outdoor gym, tennis courts, and a running track.
Dubai Marina Mall
One of Dubai’s largest shopping malls, Dubai Marina Mall offers 140 stores, 21 restaurants, and a children’s play area. You can also indulge in a luxurious cinema experience.
Family Friendly
Jumeirah Lakes Towers is a family-friendly area that has several excellent international schools, hospitals, clinics, and medical centres with state-of-the-art facilities and outstanding healthcare quality.
The area also offers many safe parks and playgrounds for kids to enjoy and remain active.
So, if you’re searching for a place to do business in Dubai that provides all the necessary amenities and attractions, you don’t need to look further than the DMCC free zone!
DMCC Free Zone is an Award-Winning
It’s worth noting that the DMCC Free Zone has been recognized as the ‘Global Free Zone of the Year’ by the Financial Times.
This award, along with others, demonstrates the high-quality facilities and services that the DMCC Free Zone provides.
Compared to other free zones in Dubai, DMCC offers a more business-friendly environment with lower costs and fewer restrictions.
Other free zones around the world cannot compare to DMCC’s world-class infrastructure, which includes a commodities hub, a media city, and reportedly, vaults worth AED 500 million ($136 million) in gold and diamonds.
Work Beside World-leading Businesses
Many of the world’s leading businesses, such as HSBC, Deutsche Bank, Standard Chartered, Emirates NBD, Thomson Reuters and Dell, have their offices located in the Dubai Multi Commodities Centre Free Zone.
This provides a great opportunity to network with similar businesses and seek advice from industry experts.
Companies that choose to operate in DMCC free zone can select from a range of low-rise and high-rise offices, warehouses, and retail spaces.
Businesses that wish to benefit from DMCC’s infrastructure and business-friendly environment but do not want to commit to a full office lease can also benefit from co-working services. For instance, WeWork and Regus have locations in JLT that are ideal for businesses seeking proximity to the action.
Business Visitors Are Well Hosted
If you’re looking to host overseas business guests in DMCC, you’re in luck! There are several luxurious hotels in the area that offer rooms starting at AED 500 ($136) per night.
Some of the best-rated hotels in the area include the Jumeirah Lakes Towers Hotel and Spa, The Address Dubai Marina, and Le Royal Meridien Beach Resort and Spa.
If you have a tighter budget, there are also serviced apartments in the area that offer great value for money. The nearest airport is Dubai International Airport, which is only a 15-minute drive away. In terms of languages spoken, English, Arabic, Urdu, and Hindi are all commonly spoken in the area.
If you need to host events, exhibitions, or meetings, there are many conference rooms available at DMCC. Catering and translation services are also available upon request. All of these amenities help to ensure that you make the best possible impression on your clients and business partners.
Next Steps For DMCC Company Formation
Are you eager to explore the possibilities of setting up a business in Dubai and learning more about DMCC Company Formation?
The Dubai Multi Commodities Centre (DMCC) is an ideal location for conducting business in Dubai. With its 100% foreign ownership policy, zero taxes, and a comprehensive range of services, it is an excellent choice for enterprises of all sizes.
If you require more information on company formation in the DMCC Free Zone, please reach out to Gulf Gateway CSP today!
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