Dubai Multi Commodities Centre | DMCC

Dubai Multi Commodities Centre (DMCC) Free Zone is a well-recognized, appreciated, and valued Free Trade Zone. It is the #1 free zone and choice for anyone who wants to setup a business in Dubai, UAE, as it highly encourages and promotes ways to benefit trade opportunities.

Dubai Multi Commodities Centre (DMCC):

DMCC has gained the reputation of being the most accelerating free zones in the world. Here are some reasons why:

The base of initiation to create the DMCC free zone was purely for trade. Since DMCC is located in a prime location in Dubai, one of the most trade-oriented cities in the world, it had to be capitalized on as an opportunity to nurture.
The DMCC free zone promotes trade in precious metals such as gold, diamonds, and edibles such as tea and raw materials.

Fun Facts About DMCC Free Zone to Make you Go Woah

The DMCC Tea Centre deals with 53 million kilos of tea annually.
The DMCC Free Zone is located in Jumeirah Lake Towers (JLT), a 200-hectare business and residential community with over 100,000 individuals residing and working. There are 87 towers that support the community for personal and professional purposes.
More than 600 retail outlets are part of DMCC Free Zone.
A grand number of more than 19,000 companies are registered as part of the DMCC Free Zone.
Known to be ‘’made for trade’’.
Organizes annual events based on different themes but primarily related to trade such as e.g Dubai Precious Metals Forum.
Fun and innovative companies are part of DMCC Free Zone such as Daewoo, Pepsi, Bvlgari, and much more.

What type of Businesses I can do in DMCC Free Zone?

There are mainly 3 choices you can choose from:

1. Establish a New Company

Under this option, you get to explore an entire business setup opportunity or opt for a single-family office. Opening a subsidiary is also possible.

2. Open a branch office

Under this option, you get to express your interest to set up a branch office for an existing entity.

3. Transfer a Business

For whichever reason you decide to take a break or part ways, transferring a business has only become easier. Not only do you get to sustain the efforts to build the company but also keep current bank accounts active without any hassle. You will also receive a Certificate of Continuance from DMCC. This is applicable to local and international businesses.

Facilities Offered by DMCC Free Zone

The prime and convenient location of DMCC Free Zone is a major contributor to making it a premium choice for many business owners. JLT Free Zone is known for having everything under one roof and ease in public transport connections, for example, having 2 metro stations.

There are 4 main options of facilities to explore when deciding to opt for DMCC Free Zone for business setup purposes:

Flexi-desk facility office space
serviced desk or office
executive office located in any of the business towers located in JLT
Warehouse in JAFZA free zone

Apart from corporate facilities, you will find personal accommodation, and community facilities e.g mosques, kid’s playgrounds, and grocery stores.

License Options in DMCC Free Zone

There are various types of business licenses to choose from when it comes to setting up a business at Dubai Multi Commodities Centre ( Free Zone. The following are some business licenses you can choose from:

1. Trading License

A trading license is used to permit the import, export, distribution, consolidation, and storage of almost all product types.

2. Service License

With this type of business license, you can participate in service-based business activities specifically mentioned on the license.

3. Industrial License

Permits the execution of light production activities specified on the license.

Documents Requirement for Business Setup

Basic documents to start your dream business at Dubai Multi Commodities Centre Free Zone include the following:

Passport copy
Passport size photo
Bank reference or statement
CV
Business plan

*Note: that the above-mentioned are basic requirements. Case-to-case variations depending on the type of business activity and business license require tailored documents. To know exactly which documents you may need to submit, contact us.

The steps to formation are as follows

Submit your application with the required documents
Activity and name approval process
Official company registration
Clear dues and payments
Collect final registration certificate, license, and lease agreement

Impressed with the types of licenses and the chance to sow the seeds of success?

Great, to know more about what you need to start off your business at DMCC Free Zone fill out your preferences at Airzone Explorer.

DMCC Free Zone Fees

The costs associated with starting a business at Dubai Multi Commodities Centre Free Zone depend on the type of business license you choose to acquire along with how many UAE Resident visas you need. Here are some basic costs that are subject to change but can give an estimation:

Pre-approval 1,035 AED
The license fee is 20,285 AED
Flexi-desk 17,500 AED
A security deposit of 1,000 AED
Establishment card 1,800 AED
The one-time registration fee is 9,020 AED
Memorandum and Articles 2,020 AED

TOTAL: 52,660 AED

*Note: these are basic costs that are subject to change without notice. Also, costs are not limited to the above-mentioned. To know more about various types of fees and costs that may be incurred, contact us.

Pros & Cons of Company Formation in DMCC Free Zone

With the endless options to choose from when picking a free zone, each free zone comes with its own pros and cons.

Pros

It is a top trade-oriented free zone in Dubai and is globally recognized
Top-notch facilities and opportunities to grow

Cons

It is on the expensive end and also takes 2-4 weeks for approval.

Top Free Zones to Set up Business in UAE:

Conclusion

We want to help you move from thoughts into action. It is certain that tailored situations demand tailored approaches, this is where Airzone comes from. When it comes to setting up your business in the UAE, there is a list of documents and fees that may come as a surprise to you. We take away the surprises. All you need to do is submit the needed documents, we handle the rest.

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Dubai Multi Commodities Centre (DMCC) | Business Setup Guide