Business Setup in DMCC UAE

DMCC company formation

Dubai stands as one of the world’s most connected cities, renowned for diverse business setups, extensive networking opportunities, and a vibrant, rapidly growing economy. Investors and entrepreneurs worldwide are keen on establishing their companies in this thriving nation. A prominent free zone facilitating this growth is the Dubai Multi Commodities Centre (DMCC), which has successfully positioned itself as a world-class platform for commodities, financial, and commerce services. If you’re considering business expansion, DMCC company formation could be the key to unlocking exceptional opportunities in this dynamic hub.

Why Should You Choose DMCC?

Situated in the heart of Dubai within the vibrant Jumeirah Lake Towers, DMCC presents limitless business opportunities for investors in the UAE’s commodities sector. Recognized as the world’s premier free zone, DMCC boasts an unparalleled blend of cutting-edge infrastructure, attractive commercial and residential properties, and exceptional connectivity via air, water, and road networks.

Foreign investors and entrepreneurs opt for DMCC as their ideal business destination due to its straightforward company formation procedures, efficient company registration processes, and bilingual support in English and Arabic.

DMCC actively supports commodity trading through various entities such as the Dubai Diamond Exchange (DDE), Dubai Pearl Exchange (DPE), DMCC Trade Flow, Dubai Good Delivery Standard (DGD) for Gold, DMCC Tea Centre, and DMCC Coffee Centre. Additionally, DMCC offers a comprehensive array of financial services and investment platforms, including DMCC Trade Flow and the Dubai Gold and Commodities Exchange.

Beyond commodities trading, DMCC serves as the home for diverse industries, spanning shipping, recruitment, IT, advertising, restaurants, retail stores, fitness centers, luxury brands, and universities.

As DMCC establishes itself as a secure business haven for expatriates, it becomes crucial to comprehend the intricacies of registration, required licenses, associated benefits, and the details of renewal services, ensuring a successful and informed business journey.

How Do I Register  in DMCC  for Company Formation?

DMCC registration takes 2 to 4 weeks depending on the business activities. The shareholders must make a personal visit to sign the company’s legal documents at the authority’s office. Company formation in DMCC requires depositing of the share capital to the corporate bank account. The Freezone holds promotions several times a year when it gives substantial discounts for DMCC company formation.

What License Do I Need?

DMCC offers different licenses depending on the nature of the business activity – Trade License, Services License, Industrial License, and Branch Company. To obtain the trade licenses, the applicant must possess a NOC from external bodies, since numerous activities are regulated by third-party authorities. The process of licensing takes 2 to 3 working days. DMCC will then issue a Company License, attested Memorandum of Association (MOA), Share Certificate, Registration Certificate, and Flexi-desk Tenancy Contract.

The validity of a DMCC trade license is for at least 12 months. The license holder must renew the existing license at least 30 days before the expiration date to avoid tariff penalty, permanent revocation of the license, refusal to meet the application for DMCC license renewal, or termination of a company’s DMCC registration.

DMCC dispenses trade licenses to conduct core trading activities such as – gold, precious stones, tea, coffee, agro, base metals, cacao, and crypto-based businesses.

What Benefits Do I Get?

1. 1. 1. 100% business ownership and sole shareholders,
      2. Easy registration and licensing,
      3. Tax benefits,
      4. 100% capital repatriation,
      5. No currency restrictions,
      6. Availability of freehold office for sale; flexible office solutions like Flexi-desks, serviced and shared offices
      7. Immigration services like visas and other government permits,
      8. Training on the latest regulations and compliance standards.

Why ECAG Incorp?

In conclusion, setting up a company in DMCC will be smooth when all the related procedures are rightfully and systematically performed. The above-mentioned benefits will be more understandable with the help of business consultants. Hiring a professional consultant will ensure that all the necessary documentation is in accordance with the DMCC regulations.

Contact ECAG Incorp

Mr. Ragesh Mattummal- Partner and Company Formation Head
+971 50 357 8031
rag@emiratesca.com