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.
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
ESLAM ELGENDY
Business Structures in DMCC
Here are the available legal company structures you can select to establish your company in DMCC:
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. Eslam Elgendy 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.
WITH ESLAM ELGENDY
Register your Company Based on Jurisdiction
Once a company is registered with the appropriate authority, it paves the way for a smooth entry into the Dubai or UAE market, allowing you to grow without facing operational or legal challenges. The type of business license you need depends entirely on your business plan, type of business, target market, financial goals, and initial budget. You can choose from three main types of registration.
Frequently Asked Questions
Some frequently asked questions about the service that you may have questions about
What is a Free Zone Company Setup?
The UAE has special economic zones called Free Zones. These zones offer perks like full foreign ownership, no sponsorship requirement, no taxes, and simplified processes. A company registered and operating in a free zone is called a Free Zone company setup.
Can I own a free zone company alone?
Yes, many Free Zones in the UAE allow a single owner with 100% control of the company. However, in some Free Zones, you must have more than one owner for business registration. If you want to set up a company with 100% ownership, you can get in touch with a business consultant, like Avyanco, for guidance.
How long does the Dubai Freezone company setup process take?
The process of setting up a company in Dubai free zone can take from a few days to a few weeks. The overall duration depends on a number of factors, such as the specific Free Zone, licence requirements, and documentation.
Are there customs duties or restrictions in a free zone for imports/exports?
No, there are no customs duties in Free Zones in the UAE, as they are exempt from paying customs taxes. Except for the restricted items, you can smoothly import or export goods without any restrictions.
Can I convert my existing free zone company to a Dubai mainland company?
Yes, you can convert your Free Zone company to a Dubai Mainland company. However, the process is complex, and you must not proceed without expert consultation. As there is no direct transfer option available, you have to cancel your Free Zone licence and apply for a new licence with DED. You also have to obtain visas, register for VAT, and complete the business registration process again.
Which is the cheapest Free zone in UAE?
Ajman Free Zone is recognised as the most cost-effective free zone in the UAE, with starting costs as low as AED 5,555*. The current AFZ company formation package makes it the cheapest Free zone in UAE for acquiring a free zone license (without a visa).
Which is the cheapest Free Zone in Dubai?
IFZA (International Free Zone Authority) is the cheapest Free Zone in Dubai, UAE.
What is the cheapest Freezone Licence in Dubai?
The IFZA Freezone offers the cheapest free zone license in Dubai, UAE. It costs around AED 12,900 without a visa and AED 21,900 with one investor visa offered by IFZA Dubai.
Let’s Build Your Future Together
At Eslam Elgendy, we don’t just set up companies, we build lasting partnerships.
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Contact With Us!
7869+JCF – Al Maktoum Rd – Deira – Riggat Al Buteen – Dubai
Call us: (+971) 556604347
Mail: info@eslamelgendy.com
Mon – Sat: 8.00am – 18.00pm / Holiday : Closed
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