DMCC BUSINESS SETUP

A DMCC (Dubai Multi Commodities Centre) trade license, is a permit issued by the DMCC Free Zone Authority that allows businesses to operate within the DMCC in Dubai, UAE. It’s designed for trading, service, and industrial activities related to commodities base metals, and other businesses. Holding this license presents companies with benefits such as full foreign ownership, zero tax on personal and corporate income, and exemption from import and export duties. Additionally, the DMCC fosters a thriving business community with state-of-the-art infrastructure, making it a hub for global trade and enterprise.

One of the main benefits of DMCC free zones is that it offers 100% foreign ownership. This means that a business can be owned and operated by non-Emirati nationals without having to partner with a third company owned local entity separate the company registration sponsor, DMCC free zones also provides a tax-free environment for businesses. Companies operating within the free zone are exempt.

Another advantage of DMCC Freezone is its strategic location. It is located in the heart of Dubai, providing easy access to major transportation hubs such as airports, ports, metro stations and highways. This makes it an ideal location for businesses looking to establish a strong presence in the Middle East.

In addition, DMCC offers a world-class business infrastructure with state-of-the-art facilities and services. This includes modern, office space, spaces luxury hotels, advanced telecommunications systems, high-speed internet connectivity, and 24-hour security.

Moreover, businesses in DMCC benefit from a simplified business setup process.

In the Dubai Multi Commodities Centre (DMCC), businesses can opt for various types of licenses depending on their business activities. The primary categories are Trading License, for import, export, distribution, and storing of items precious commodities; Service License, for service-oriented businesses and retail outlets; Industrial License, for manufacturing or industrial activities; and finally, the E-commerce License, catering to online business activities. Each business license also has its criterion and prerequisites, ensuring companies in DMCC operate within a solid regulatory framework that corresponds to their specific business model. Additionally, businesses can also apply for General Trading License and National Industrial License that offer more extensive business activities and facilities to its licensees.

Moreover, DMCC also offers specialized licenses such as the Financial Service Company License, for companies dealing with financial services like banking, fund management, insurance, etc. Similarly, the Education License is service parent company license, for educational institutions, and the Innovation License is a service license, for companies involved in research and development. These specialized licenses cater to specific industries, providing a more focused regulatory environment personal tax, for businesses operating in these sectors.

Finally, DMCC also offers the Branch company Licenses, allowing joint venture of foreign or local companies to establish a branch company out of their existing business within the free zone. This type of joint venture branch company license enables companies to expand their operations into the UAE market, taking advantage of the country’s favorable business conditions. With its diverse range of license options, DMCC offers businesses a secure and efficient platform to establish and grow their operations in Dubai and beyond.

• Determine the type of company you want to establish (e.g., Free Zone Establishment (FZE), Free Zone Company (FZCO), or Branch of an Existing Company).

• Choose a business name and ensure it complies with DMCC naming regulations.

• Prepare and submit the necessary legal documents, including the application form, business plan, passport copies, and NOC (if applicable).

• Select your business activity from the DMCC approved activity list.

• Choose an office space within the DMCC that suits the size of your operation and get a tenancy contract.

• Pay the required registration and licensing fees.

• Apply for the necessary visas for you and your employees.

• Once approved, collect your DMCC company license to legally operate your business.

Yes, a free zone company can have offices outside the free zone. This is known as a dual-license structure, where the company has both a license within the free zone and another license outside the global free zone. This allows the company to conduct its business activities both within global free zone and locally and internationally.

There are several benefits to having offices outside of the free zone. First, it allows the company setup up for greater flexibility in conducting business and reaching a wider client base. Additionally, it can provide access to local resources and markets that may not be available to branch the company’s bank account or corporate bank account that is within the free zone.

However, there are also some considerations to keep in mind when setting up a company setup a dual-license structure. These include potential tax implications, compliance with local laws and regulations, and additional administrative requirements.

In Dubai, free zone companies must adhere to specific tax regulations. As of the current VAT law, if a free zone company engages in taxable supplies exceeding the mandatory registration threshold of AED 375,000, it is required to register for VAT and accordingly charge VAT on its taxable supplies. Nevertheless, certain designated zones are treated as being outside of the UAE for VAT purposes, potentially altering this general stipulation depending on individual circumstances and transactions.

The Dubai Multi Commodities Centre (DMCC) is a bustling hub of global trade, hosting over 18,000 companies. As a vibrant community, it provides cutting-edge infrastructure and a wide array of services to cater to the diverse needs of businesses ranging from startups to multinational corporations. By offering a strategic location, comprehensive commercial property options, and a robust regulatory framework, DMCC continues to attract businesses from across various sectors, reaffirming its status as one of the world’s leading commercial centers.

DMCC, short for Dubai Multi Commodities Centre, is a government entity established by the government of Dubai to provide the physical, market, and financial infrastructure required to set up a commodities market place in Dubai. It aims to enhance commodity trade flows through the Emirates by providing the right infrastructure, full range of facilities for the commodity industries, and a supportive business environment in accordance with international standards.

When choosing between a flexi-desk or a physical office with DMCC (Dubai Multi Commodities Centre), consider the nature of your business and your specific needs. A flexi-desk can be an economical solution, offering a professional business address, access to business centres, and the flexibility to use office facilities on an ad-hoc basis. On the other hand, a dedicated office may be necessary if you have a larger team, need permanent space for daily operations, or wish to establish a more substantial presence in the DMCC Free Zone.

DMCC Company Setup Package starts from AED 36,000. It an entry level package for entrepreneurs and start-ups to start their dmcc company.