Dubai Multi Commodities Centre (DMCC) Free Zone
The Dubai Multi Commodities Centre (DMCC), located in the heart of Jumeirah Lakes Towers, Dmcc Free zone is a premier destination for businesses looking to establish, grow, and thrive in Dubai. Financial Times magazine has recognized DMCC three times as the “Global Free Zone of the Year.” It offers a vibrant community, innovative infrastructure, world-class services, and an excellent selection of properties. Its strategic location provides seamless access to global markets via excellent air, sea, and road links.
Startup Offer: Prime Plus Package
When setting up a business in DMCC, the Prime Plus Package offers a range of benefits designed to help you get started on the right foot:
- Three-year DMCC free zone company license with discounts on setup fees
- Company stamp and commemorative certificate
- Operational Fitness Certificate and Establishment Card
- Flexible payment options with the ability to pay in two installments
- Fast-track company setup process
- Dedicated support during application submission
- Extended provisional approval validity*
- Add shareholders, directors, and license activities without extra charges*
- Guaranteed price freeze on license renewal
- 20% discount on additional business activities and licenses
- Access to the DMCC Business Matching Hub for securing new business opportunities
- Save up to AED 10,000 on additional services*
- Enjoy a wide array of amenities within DMCC
Benefits of DMCC Free Zone
DMCC Free Zone offers numerous advantages, making it one of the most sought-after business destinations in the UAE:
- 0% Corporate or Personal Tax: Enjoy a 50-year tax holiday.
- 100% Foreign Ownership: Investors can fully own their businesses without needing a local partner.
- 100% Profit Repatriation: Full repatriation of profits and no currency restrictions.
- World-Class Business Infrastructure: State-of-the-art facilities and services tailored to diverse industries’ needs.
- Strategic Location: A prime location for business setup in Dubai, offering easy access to global markets.
- Comprehensive Business Solutions: DMCC’s online portal provides all-in-one solutions for business setup, visa processing, license renewal, and more.
- Secure and Regulated Business Environment: DMCC ensures a safe and well-regulated environment for businesses to thrive.
- Ideal Work-Life Balance: DMCC is designed to offer the perfect setting for working, living, and recreation.
Types of Licenses in DMCC
- Trading License: This is for businesses that import, export, and trade goods.
- Service License: For companies offering professional services.
- Industrial License: For businesses engaged in manufacturing and industrial activities.
Company Formation in DMCC
Foreign investors interested in setting up a business in DMCC should be aware of the variety of free zones in the UAE, each offering special conditions for business operations. DMCC stands out due to its tailored support for various industries, including commodities trading, financial services, and technology.
Key Objectives of DMCC
- Create a dedicated marketplace in Dubai
- Increase the value and volume of commodities traded in and through the region
- Facilitate and integrate the entire value chain of key industry segments
- Broaden the local market horizon, including refining, manufacturing, and trade
- Provide industry-specific infrastructure and innovate new products and services
- Promote regional industry growth by implementing international standards
Company Registration Process in DMCC
The DMCC company registration process is straightforward, but professional advice can help ensure a smooth setup:
Express Interest: Begin by expressing your interest in company incorporation.
Pre-Approval: Submit the required documents for pre-approval.
Company Registration: Complete the registration process.
Company Licensing: Obtain your DMCC license and start your business.
DMCC Company Setup Requirements
- Online pre-approval application form
- Passport copy (with UAE Residence visa & Emirates ID copy if applicable)
- Proof of residential address (Utility Bill)
- No Objection Certificate from the sponsor if holding a valid UAE residence visa
- Summary of business plan for certain activities
- Copies of parent company documents if setting up a branch or subsidiary
- Third-party approvals for certain regulated business activities
- Office address in DMCC Free Zone (JLT) post-registration
DMCC Latest Packages & Costs
| Duration | Cost |
|---|---|
|
1 Year |
AED 43,780 |
|
2 Years |
AED 81,881 (100% payment), AED 88,918 (2 installments) |
|
3 Years |
AED 119,980 (100% payment), AED 123,554 (2 installments) |
Jumpstart Offer (Individual Only)
The package includes:
- Company Registration
- Articles of Association
- Commercial License
- Establishment Card
- Standard Flexi Desk (eligible for three visa quota)
- Company Stamp
- Commemorative Certificate
- One 3-year UAE residency visa
DMCC Visa
Let’s discuss the visa allocations included in your license. Under the License with Flexi Desk, you could have three visas for employees or partners. The actual Residence Visa, a key component of the license, starts at AED3950 for 2-3 years (depending on position), and the license includes 1 Residence Visa.
Included in licenses:
- The Flexi Desk license offers three visa allocations and one residence visa.
- License with Office – 1 Visa allocation for each ten squared office size plus 1 Residence Visa
- License General Trading with Office – 1 Visa allocation for each ten squared office size plus 1 Residence Visa
DMCC Crypto Licenses: A Comprehensive Guide
The Dubai Multi Commodities Centre (DMCC) offers a range of licenses tailored for businesses in the cryptocurrency and blockchain sectors. Third-party capital management is not allowed for any of the following licenses.
Distributed Ledger Technology Services
This license is for businesses offering data verification and database management solutions using distributed ledger technology like Blockchain. It prohibits trading currencies or commodities, payment processing, brokerage, and financial services. It is ideal for companies developing and managing ledger technologies without financial transactions.
Proprietary Trading in Crypto-Commodities
This license allows businesses to buy and sell crypto-assets on ledger applications but restricts proprietary trading and services to other parties. It is ideal for organizations trading crypto-assets without external trading services.
NFTs E-Marketplace Provider
This license allows businesses to operate an online marketplace for buying and selling third-party Non-Fungible Tokens (NFTs). It facilitates transactions and enables commission charges. However, it does not trade or promote crypto assets or NFTs. It is ideal for NFT-specific digital marketplaces.
Metaverse Service Provider
This license is for businesses that manage virtual environments for user interaction, excluding crypto trading and token issuance. It is also suitable for companies developing virtual worlds and digital spaces.
Inhouse Crypto Center
Overview:
For those who opt for one of the DMCC crypto-related licenses, the Inhouse Crypto Center provides a range of office space options, fostering a supportive environment and a sense of belonging in a thriving community.
Facilities Offered:
- Shared desks, dedicated desks, and private offices.
- Educational courses related to crypto and Blockchain.
- Opportunities for meetups, summits, and competitions.
- Access to funding, an alum network, and mentoring services.
- Community building through social media marketing, blogs/vlogs, and networking events.
Pricing: Starting from AED 29,000.00 for a one-year rental, the Inhouse Crypto Center offers a cost-effective solution for securing office space and supporting your business’s core activities.
PRO Services in DMCC
Our PRO services include handling all administrative tasks such as employee visa processing, immigration, document clearance, etc. We provide a dedicated PRO agent to guide you through every step, ensuring a smooth process from start to finish.
Gold Trading License in DMCC
DMCC offers a specialized gold trading license for those interested in trading gold, diamonds, and other commodities. The process for obtaining this license is similar to that for other business activities. Still, specific approvals from the Securities Industry Regulatory Authority (SIRA) are required due to the nature of the trade.
Documents Required for Gold Trading License
- Shareholder passport copies
- Trade name proof of approval
- Manager’s profile
- Comprehensive business plan
- Notarized & attested Memorandum of Association
- Lease agreement
- Power of Attorney (if applicable)
DMCC License Renewal & Company Liquidation
We specialize in renewing DMCC licenses, assisting with liquidating DMCC companies, and ensuring compliance with all necessary documentation and legal requirements.
Contact us today for more information on setting up a business in DMCC or to take advantage of our exclusive PRO services package.
DMCC DEREGISTRATION REQUIREMENTS AND FEE
- Online application for License Termination
- Shareholder’s Resolution
- Official Letter Request:
The justification for deregistration should be printed, signed, and stamped on company letterhead, containing the shareholder’s resolution, which can be obtained through a specific process or action.
Confirmation of Appointment of Liquidator: The liquidator is responsible for particular responsibilities or tasks.
- Original company documents to be returned to DMCC:
These documents, such as the MOA, Certificate of Registration, Establishment Card, Personnel Secondment Agreement, Original License, and Share Certificate, carry the history and legality of our company.
- Clearance letters from:
- Landlord
- Etisalat
- DEWA
- Bank
- Ports & Customs
Closing Audited Balance SheetLiquidator’s Report: For the Auditor to prepare this, they will also require a closure letter from your Bank
- An authorization letter is needed for Silver Oak Biz to process liquidation and collect the liquidation certificate.
- Visa Cancellation: To de-register a company, all its visas must be canceled, which can be done before the deregistration process.
- DMCC Deregistration fee: AED 8,270
Frequently Asked Questions
A Dubai Multi Commodities Centre (DMCC) business license is crucial for companies operating within the DMCC free zone authority. It offers opportunities for international trade and facilitates operations within one of the fastest-growing free zones.
An LLC is separate from shareholders, with liabilities limited to unpaid share capital. Under DMCC company rules, all share capital must be paid up. A DMCC company must have at least one shareholder and director, both non-residents of UAE, and a minimum paid-up share capital of AED 50,000.
Starting a DMCC business involves consultation with Creation Business Consultants, selecting activities, legal types, and office facilities, and submitting necessary documents for a smooth and hassle-free experience.
DMCC offers standard license types like trading, industrial, and service, with suitable licenses based on business nature, activities, and goals. Our business structuring experts provide discovery-free consultations to guide companies through the correct license type and options.
The cost of renewing a DMCC free zone license depends on the company's structure, license type, and business activities.
Liquating a DMCC company involves several steps, including canceling all visas issued under the company, obtaining resolutions and clearance certificates, and submitting liquidation reports.
The cost of a UAE residence visa under a DMCC free zone company varies based on the application type: an investor/partner visa or an employment visa.
DMCC members enjoy many benefits, including 0% income tax, 100% business ownership, capital repatriation, strategic location, flexible solutions, and an efficient online portal for all services.
DMCC offers significant financial benefits, including tax exemption for establishments and individuals, provided they comply with regulatory requirements. This exemption is not just for a few years but guaranteed for 50 years, providing long-term financial security and stability for your business.
DMCC entities must register for VAT if their taxable supplies and imports exceed AED 375,000 annually. However, registration is optional for those exceeding AED 187,500. This flexibility in VAT registration allows you to effectively manage your business finances according to your business activities and goals.
No. DMCC is a free zone located in Dubai, UAE.
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