Company Formation / Setup in Dubai Multi Commodities Center Authority (DMCC)
Dubai Multi Commodities Centre (DMCC) is world’s fastest-growing free zone and has been ranked as world’s No. 1 Free Zone. It was established in 2002 to enhance commodity trade flows through Dubai and continues to play a major role in positioning Dubai as the preferred destination for global commodities trade.
DMCC is a waterfront master development, spanning 500 acres, utilised for various commercial, residential and retail purposes. More than 15,000 companies call DMCC home ranging from multinational corporations to start ups. DMCC provides a community comprising of more than 90,000 individuals who either work or live in Jumeirah Lakes Towers (JLT)
Key Benefits of Company Formation in DMCC/JLT Dubai Free Zone:
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- A regulated licensing environment offering a full range of business activities,
- Strategic location on Sheikh Zayed Road connecting Dubai and Abu Dhabi,
- Flexible Solutions,
- One Stop Shop.
Characteristics of DMCC Company Setup:
Location:
Dubai Multi Commodity Center (DMCC) Free Zone, Jumeirah Lakes Towers, Dubai, (U.A.E.)
Proposed activity:
Trading/Service activities can be carried out in DMCC Free Zone
License available:
Commercial trading/General trading & Service license are available options for DMCC Company Setup
Type of entities:
DMCC (single or multi shareholders with limited liability) and Branch
Shareholder:
Shareholder for DMCC Company Can be Individuals or Corporate entity (maximum 50)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 50,000/- (50 shares of AED 1,000/- each) for DMCC Company Setup (General Trading: AED 1 Million/- & AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Annual audit report to be filed in DMCC (licensing authority)
Estimated time:
3 to 4 weeks to obtain trade license of the company and register a company in DMCC
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
DMCC Company Setup Process:
- Identify the legal form of company to be registered in DMCC Free Zone,
- Select activity from DMCC activity list,
- Apply for name and initial approval,
- Payment of fees related to DMCC business set up,
- Sign DMCC company registration and incorporation documents,
- Identify Business/Office Space in JLT,
- Apply for DMCC residence visa.
Documents Required for DMCC Company Registration:
The documents required for business set up in DMCC depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Utility bill copy,
- CV/Resume,
- NOC from existing sponsor,
To know more about the complete requirements for company formation in DMCC Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in DMCC – Dubai Multi Commodities Centre:
DMCC Company Setup begins from 52,000/-
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DMCC Free Zone.
Other Notes for DMCC/JLT Free Zone Company Formation:
- Document to be legalized with UAE Embassy
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DMCC Free Zone. Our company acts as a one stop solution for DMCC company incorporation services.
If you are looking for DMCC company setup, please get in touch with us for professional assistance
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DMCC Free Zone.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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