With us, DMCC company setup is going to be a fast and simple process. Dubai Multi Commodities Centre (DMCC) is the largest free trade zone in the UAE and one of the rapidly growing ones with several awards and recognitions under its name. A total of 2,000 and more businesses are reported to register in this hub annually for DMCC company formation. We are quite sure that you have already stepped in and done some research about this free zone. But before knowing the process, let’s quickly jump into the DMCC free zone benefits for businesses.
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● No taxation (corporate tax or personal income tax)
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● Complete foreign ownership of the company
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● Flexible office solutions
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● Close proximity to Dubai International Airport & Seaport
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● Availability of world class infrastructure
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● Accessibility to trading platforms such as DGCX, Dubai Diamond Exchange & DMCC Tea Centre
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● Availability of commercial and residential towers
As an entrepreneur/investor, what are the requirements and procedures to procure your license and to get the approval? Take a look:
1. You will have to understand which license to opt for:
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– General Trading License can be taken by companies planning to engage in
consolidating, distributing, export & import, and to store numbers of product types.
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– Commercial or Trading License can be taken by companies engaging in the above
activities but of those product types which are specified in the license.
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– Service License will be granted to those companies who carry out activities such as
consultancy or services specifically mentioned in the license.
2. Getting the documents ready to establish a company, a branch or an individual business. One would require the following:
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– Duly filled application form
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– Copy of UAE residence visa, Emirates’ ID and a copy of your passport
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– Business plan summarised
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– DMCC office address
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– Utility bill
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– Business plan for certain activities
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– Details of shareholders
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– Third-party approvals from regulated activities
3. Select the type of office facilities you would require
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– Flexi-desk office
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– Serviced desk or an office
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– Warehouse
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– Executive office in any JLT’s any of the business towers
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– Retail shop
Now, into the step-by-step procedure to start a company as per the DMCC Dubai rules and regulations:
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Choose the company’s legal structure
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Select the company’s business activity and opt for the relevant license
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Decide on a name for the company and register it with the safe free zone authority.
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Submit the above mentioned documents
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Appoint a DMCC approved auditor for your company once you get the license
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Commence trading
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Start hiring staff
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Commence work
Sounds a bit confusing and a lot of work? Forget everything because we are here to clarify all your concerns and queries regarding
cost, or even about the type of activities. Our friendly team of experts in this field will take you through each step with clarity, patience and as per your requirement to get your business in this free zone, up and running. To book your appointment or to get in touch with us, visit https://companyformation-dubai.com/ or call: +971 52 330 9846.