Dubai Multi Commodities Centre or DMCC is a free zone situated in Dubai that was set up with the objective of facilitating and enhancing trade of international commodities. The free zone allows trade of various goods and commodities including precious metals, foods, and industrial products.
Due to the ease of doing business at DMCC, various big corporations and start ups have already made DMCC their operational playground. As a result of this, companies that choose to do business at DMCC get the exposure and the opportunity to engage with more than eighteen thousand (18,000) companies that are already operational at DMCC.
DMCC provides huge amount of exposure to each company that is set up with it. This is done in a two-fold manner that aims to facilitate networking and training.
Talking about networking first, the concept is simple. The people you meet is your potential audience. This audience can either be your potential customers or they can be somebody who can help you in your business. DMCC currently is a home to more than eighteen thousand (18,000) registered companies that employ over one lakh (1,00,000) employees.
The massive exchange of information and ideas within this network will only lead the growth of your Dubai Multi Commodities Centre Company. Further, to better educate businesses, the DMCC holds monthly educational events and workshops that helps investors and employees better run their businesses.
DMCC has introduced a knowledge series program that gives valuable insights to constructing a successful business at the free zone. The perfect blend of networking and training at DMCC is designed to benefit your business.
The jurisdiction is known for offering packages tailored to suit the needs of anyone looking for competitive pricing to set up a DMCC free zone company.
Text us on WhatsApp or call us today today to set up your business as we offer all required services for a company setup in DMCC Free Zone.
This license generally allows the company owners to buy, sell, resell and exchange different products and commodities.
DMCC’s services license allows business owners to provide various kinds of business or professional services. These services can either be provided business to business or business to customer.
Activities relating to manufacturing, producing or re-producing, packaging can be carried on an industrial license.
Up to six (6) activities can be combined and carried out on each license type. Beyond this, additional activities can be added but at the payment of additional fees per activity.
Depending on the nature of activities, some activities may require external third-party approvals.
The following company types can be incorporated at the Dubai Multi Commodities Centre.
A limited liability company at DMCC can either be fully owned by one person or can be owned by multiple people. In this type of company, the liability of the owner(s) towards the company is restricted to the amount that they invest in the company. This means that the personal assets of the shareholders cannot be used to extinguish the liabilities of the limited liability company.
Companies that are already operating inside or outside of UAE have the option of opening a subsidiary at the DMCC. A subsidiary at the DMCC is owned by the parent company through ownership of shares. Subsidiaries in UAE do not have to necessarily carry out the same activity as that of the parent company. Subsidiaries incorporated at DMCC can carry out any activity that is permitted by the DMCC.
Tailoring Compliance Services To Match The Specific Needs Of Businesses.
The businesses set up in DMCC can register as subsidiaries, branches, and limited liability corporations of domestic and international businesses.
The laws of the land, the rules of the Free Zone, the DMCC, and other regulations apply to all registered enterprises. Any necessary changes to the foregoing will be applied from time to time.
With the exception of branches, all business forms shall have a minimum of one director and a maximum of six.
Yes, it is required. The available properties are listed below:
No, it must be located inside Jumeirah Lakes Towers (JLT) DMCC Free Zone as sDMCC businesses are often prohibited from operating outside of the free zone unless they acquire the required licenses and permits from the appropriate authorities.
DMCC Free Zone businesses benefit from a variety of other UAE government-related services, including a large selection of reasonably priced real estate options, 100% foreign ownership, 0% corporate and personal tax for 50 years, and an easy setup procedure.
Are the persons or companies in DMCC subject to any income or corporate taxes?
In the Free Zone DMCC, there is no income or corporate tax for people or businesses. This is valid for 50 years after the company's registration date.
Updates are required for the following corporate documents:
The legalized and notarized Certificate of Incumbency, or the list of officials or authorized signatories, needs to be updated every year.
Any registration amendments may be applied for by a DMCC Company provided they have a valid license.
Yes, given that the POA expressly states that the holder of the POA is permitted to transfer the shares to themselves.
Yes, DMCC gives the bank a letter of release permitting the company to use the funds.
You can conduct business outside of the UAE with a comparable setup and MCC license.
Selling your items to an LLC in Dubai might serve as a distributor if you want to operate within the UAE mainland. This is done after paying the customs duty for the goods. Additionally, you are permitted to establish a DMCC firm branch on the mainland and engage in the activities listed in your license.
AED 50,000 is the minimum share capital required to setup a business in the DMCC Free Zone.