Dubai Multi Commodities Centre (DMCC)

Set Up Your Company in Dubai Multi Commodities Centre (DMCC)

The Dubai Multi Commodities Center (DMCC), founded in 2002, is one of Dubai’s main free zones and trade hubs, providing a suitable business climate with a variety of support services such as trade finance, market intelligence, and networking opportunities. With over 15,000 global enterprises, DMCC is known for its pro-business policies and commitment to assisting startups, SMEs, and the commodities sector. Over time, it has grown into one of the UAE’s most lively free zones, serving as a symbol of prosperity in the region.

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Advantages of Setting Up Your Business in DMCC

Starting a business in DMCC gives you the opportunity to be part of a globally known free zone center. For the eighth year in a row, DMCC has been crowned Global Free Zone of the Year by fDi Magazine.

Access to Global Market

DMCC, situated in central Dubai near airports and seaports, offers access to a diverse population, with 90% being expats. It provides efficient immigration services, including visa support.

One-Stop Shop

DMCC provides comprehensive business solutions, including access to global markets, secure storage, trading services, legal and financial advice, and efficient logistics. It offers a member online portal for swift assistance.

Tax and Financial Benefits

Foreign companies enjoy full ownership rights, unrestricted capital repatriation, and currency flexibility, with no personal income tax. VAT stands at 5%, while corporate tax is a modest 9% if applicable.

Types of Licenses Offered in DMCC

Virtually all business activities are permissible within the free zone. Typically, DMCC offers three types of licenses:

Trading License

This license is for companies that buy, sell, import, and export goods from, to, and within the UAE.

Industrial License

This license is for companies that conduct light manufacturing in dedicated facilities within DMCC.

Service License

This license is for companies that provide services in the professional, legal, financial, media, technology, education, energy, and healthcare sectors.

Required for a subsidiary setup

Documents for DMCC Company Setup

Online pre-approval application form

Proof of residential address in country of residence (A utility bill or bank statement)

Power of Attorney for Manager, Secretary, Director, Specimen Signature

Third-party approvals for specific regulated business activities

Copy of your passport (Along with your UAE residence visa and a copy of your Emirates’ ID, if applicable)

Business plan (depends on activities)

Details of an office address in DMCC free zone (JLT)

Copies of parent company documents if it’s a branch company formation. (Required after the company has been registered)

Business profile

No Objection Certificate (NOC) from the current sponsor if you already have a residence visa

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Business Structures in DMCC

Here are the available legal company structures you can select to establish your company in DMCC:

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Joint Venture

A joint venture is a company owned by a combination of individuals or multiple companies.

Individual

Owned by one or multiple natural persons as shareholders.

Subsidiary

A subsidiary is fully owned by a "parent" company, conducting distinct business activities and potentially operating under a different name.

Branch Company

A branch company, typically set up in DMCC, is an extension of its parent company, leveraging the free zone's benefits.

Limited Liability

An LLC is a distinct entity from its shareholders, limiting their liability to unpaid share capital.

How It Work

Steps in Setting Up Your Business in DMCC

Establishing a company in DMCC typically requires 2-4 weeks, varying based on your business activity.

Choose your business activities

Incorporating your business in DMCC starts with outlining your activities to determine your trade license type.

Apply online

Complete and submit your application form accurately online. DMCC will handle company name reservation, management, and compliance approval.

Pay, sign & submit the relevant documents

Upon submitting your initial application, proceed to pay the registration and license fees, and sign the legal documents.

Choose the most suitable office space

Choose an office space to accommodate your staff. Firmz assists in selecting the ideal and accessible location for your company.

Secure your visas

The next vital step is to obtain DMCC visas for your team to commence operations. We're here to assist with documentation and applications.

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