Company Formation In DMCC Free Zone
with DMCC Business Setup.
Starting A Business In Dubai Multi Commodities Centre Free Zone
Dubai Multi Commodities Centre, also widely known as DMCC, is called the world’s no. 1 free zone. The free zone is based in the heart of Dubai, booming with opportunities for the retail and commerce sector. Furthermore, DMCC has been voted Global Free Zone of the Year by the Financial Times fDi Magazine for four years.
The free zone harbours 21,000+ companies, with almost 200 joining every month. Hence, it is an ideal option for entrepreneurs looking for a destination booming with opportunities.
Located at the centre of JLT, it is one of the most esteemed locations in Dubai. Moreover, the free zone has convenient access to Sheikh Zayed Road and Expo 2020 site. This makes it one of the key destinations to start your business and have it reach its potential easily.
Formed in 2002, DMCC has transformed into the point of convergence for companies that trade various products. Furthermore, within a matter of years, DMCC has achieved the maximum number of company registrations and has listed more than 11,000 companies. DMCC free zones have significantly contributed to developing trade and commerce in Dubai.
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Advantages of company formation in DMCC free zone
Company set-up in DMCC would allow for advancement and success for your business. In addition, company formation in the Dubai Multi Commodities Centre free zone provides entrepreneurs with numerous opportunities, including the following:
- 100% foreign ownership
- A very tax-friendly environment
- Full repatriation of capital and profits
- Strategic location boosting opportunities
- Simple and quick set-up process
- International community and collaboration opportunities
- Ability to obtain a dual license
- Convenient process of acquiring approvals, permissions, registration
5 Easy Steps to Register a Company in the DMCC Free Zone
Ready to make your DMCC business dream a reality? Shuraa makes it simple for you.
1. Define a business plan & strategy with Shuraa’s help
- Choose your ideal license type and business activities.
- Understand required documents and associated costs.
- Get personalised guidance – a Shuraa representative will work on your online portal for a seamless process.
2. Company Registration Filing
- Fill out the online form and pay the initial fee.
- Shuraa will handle company name reservations and approvals.
3. Secure your Business license
- Now, pay registration and license fees.
- Sign legal documents and receive a provisional approval and bank letter.
- Enjoy the flexibility of setting up your company remotely – no Dubai visit required!
4. Find your perfect office space
- Choose and finalise your preferred office solution with our expert’s guidance,
5. Start operating
- Receive your official E-Licence and get ready to do business in DMCC.
Fast and efficient, the average company setup takes just 10 working days.
Documents required during company registration in DMCC
- Online Pre-Approval Application Form.
- A copy of your passport (and UAE residence visa/Emirates ID, if applicable).
- Show proof of your residential address in your home country (e.g., utility bill, bank statement).
- Submit copies of your parent company documents.
- Obtain any required third-party approvals for your business activity.
- Secure an office (after registration)
Facilities offered in the DMCC free zone
Dream of establishing your business in Dubai, without the hassle? DMCC Free Zone simplifies the process, offering streamlined paperwork, efficient government services, and readily available support. Choose from a diverse portfolio of cost-effective properties, including:
- Commercial and residential towers - Sleek modern apartments and office spaces; find your perfect home or headquarters.
- Office options for every need:
- Shell & core, serviced offices: Customise your ideal workspace from scratch or move into a fully equipped unit.
- Virtual and flexi desks: Enjoy the flexibility of co-working spaces at your convenience.
- Multi-storey offices: Scale up with spacious, world-class facilities.
- Retail outlets: Establish your brand in a vibrant, high-traffic environment.
- Light manufacturing facilities: Get your production up and running quickly and efficiently.
Licenses offered by DMCC free zone authorities
DMCC free zone offers various licenses, including the following:
- General trading license
- Service license
- Industrial license
- Commercial license
Additionally, an advantage of obtaining a license in the DMCC-free zone is that entrepreneurs can conduct up to 5 activities from the same category under one license based on the company.
Another attractive point to note about the DMCC free zone is that it is one of the few free zones that allow entrepreneurs to obtain a dual license. Dual licensing enables businesses to extend their business to the mainland or onshore. To be eligible for a dual license, entrepreneurs will be required to obtain a DMCC license and a mainland license.
Furthermore, it is also one of two free zones that allow crypto commodities trading. DMCC is also known as the free zone for businesses dealing with rough gold, diamonds and precious stones.
DMCC free zone business setup cost
Setting up a company in DMCC can be a great opportunity for aspiring entrepreneurs like you. Understanding the price range from the beginning to the end of the setup is necessary.
Starting a business in the DMCC-free zone costs around AED 50,000. It depends on the license, activities, and other factors how much the license will cost.
DMCC free zone license renewal
The renewal process of businesses in the DMCC free zone is a highly cost-effective and simple process. You will be required to submit an audit report starting from the second renewal of your company annually.
To complete the renewal process for your company, you must pay the renewal fee and submit the signed lease agreement for your facility. An advantage is that your physical presence in the UAE isn’t required for renewal and can be completed through an agent.
Business liquidation in DMCC free zone
Similar to renewal, company liquidation also does not need the owner’s physical presence and can be accomplished through an agent. You must pay the government fee to complete the liquidation process. Company liquidation takes about one month to complete and involves the following steps:
- Cancellation of visas
- Termination of the lease agreement
- Closure of bank account
Shuraa offers various services and helps you with processes from business registration to legal formalities and advice. Our services will set up your DMCC company and get you from point A to point B in no time. You can book a free consultation with Shuraa, and for further details and enquiries, visit our website or contact us at +97144081900.
Ready to make DMCC your business hub?
Frequently Asked Questions About DMCC Free Zone
Yes, you can renew your DMCC trade license without being in the UAE.
Yes, you can renew your license remotely using a registered agent with just an authorisation letter and renewal fees.
Getting your license to start your business in the DMCC-free zone takes less than a week.
No, you have 100 % ownership and do not need a local partner to start your company.
To obtain a DMCC license, you will have to go through the following steps:
- Submission of required documents
- Proof of share capital
- Online application for company registration
- Sign the e-agreement and share the capital letter
- Issuance of e-license
However, there may be additional steps depending on your requirements.
Yes, DMCC is a free zone in the UAE. It is located in the Jumeirah Lake Towers district.
DMCC free zone stands for Dubai Multi Commodities free zone.
DMCC company setup cost is around AED 50,000 to start a business in the DMCC free zone. However, the cost may vary depending on the license, activities and other factors.
Nevertheless, if you want to have your company in a different free zone, you will be required to liquidate your company in the current free zone and then open your company in a different free zone.
