DMCC Free Zone License

DMCC COMPANY FOR SALE 

Starting A Business In Dubai Multi Commodities Centre Free Zone
Dubai Multi Commodities Centre, also widely known as DMCC, is called the world’s no. 1 free zone. The free zone is based in the heart of Dubai, booming with opportunities for the retail and commerce sector. Furthermore, DMCC has been voted Global Free Zone of the Year by the Financial Times Magazine for four years.

Located at the Centre of JLT, it is one of the most esteemed locations in Dubai. Moreover, the free zone has convenient access to Sheikh Zayed Road and Expo 2020 site. This makes it one of the key destinations to start your business and have it reach its potential easily.

Formed in 2002, DMCC has transformed into the point of convergence for companies that trade various products. Furthermore, within a matter of years, DMCC has achieved the maximum number of company registrations and has listed more than 11,000 companies. DMCC free zones have significantly contributed to developing trade and commerce in Dubai.

Advantages of company formation in DMCC free zone
Company set-up in DMCC would allow for advancement and success for your business. In addition, company formation in the Dubai Multi Commodities Centre free zone provides entrepreneurs with numerous opportunities, including the following:
1. 100% foreign ownership
2. A very tax-friendly environment
3. Full repatriation of capital and profits
4. Strategic location boosting opportunities
5. Simple and quick set-up process
6. International community and collaboration opportunities
7. Ability to obtain a dual license
8. Convenient process of acquiring approvals, permissions, registration

Easy Steps to Register a Company in the DMCC Free Zone

1. Define a business plan & strategy

*Choose your ideal license type and business activities.
*Understand required documents and associated costs.
*Get personalized guidance

2. Company Registration Filing
Fill out the online form and pay the initial fee.
Our PRO will handle company name reservations and approvals.

3. Secure your Business license
Now, pay registration and license fees.
Sign legal documents and receive a provisional approval and bank letter.
Enjoy the flexibility of setting up your company remotely – no Dubai visit required!

4. Find your perfect office space
Choose and finalize your preferred office solution with our expert’s guidance,

5. Start operating
Receive your official E-License and get ready to do business in DMCC.

Fast and efficient, the average company setup takes just 10 working days.

Documents required during company registration in DMCC
* Online Pre-Approval Application Form.
* A copy of your passport (and UAE residence visa/Emirates ID, if applicable).
* Show proof of your residential address in your home country (e.g., utility bill, bank statement).
* Submit copies of your parent company documents.
* Obtain any required third-party approvals for your business activity.
* Secure an office (after registration)

Facilities offered in the DMCC free zone
Dream of establishing your business in Dubai, without the hassle? DMCC Free Zone simplifies the process, offering streamlined paperwork, efficient government services, and readily available support. Choose from a diverse portfolio of cost-effective properties, including:
# Commercial and residential towers - Sleek modern apartments and office spaces; find your perfect home or headquarters.
* Office options for every need:
$ Shell & core, serviced offices: Customize your ideal workspace from scratch or move into a fully equipped unit.
$ Virtual and flexi desks: Enjoy the flexibility of co-working spaces at your convenience.
         $ Multi-store offices: Scale up with spacious, world-class facilities.
* Retail outlets: Establish your brand in a vibrant, high-traffic environment.
* Light manufacturing facilities: Get your production up and running quickly and efficiently.

Licenses offered by DMCC free zone authorities
DMCC free zone offers various licenses, including the following:
* General trading license
* Service license
* Industrial license
* Commercial license

Additionally, an advantage of obtaining a license in the DMCC-free zone is that entrepreneurs can conduct up to 5 activities from the same category under one license based on the company.

Another attractive point to note about the DMCC free zone is that it is one of the few free zones that allow entrepreneurs to obtain a dual license. Dual licensing enables businesses to extend their business to the mainland or onshore. To be eligible for a dual license, entrepreneurs will be required to obtain a DMCC license and a mainland license.

Furthermore, it is also one of two free zones that allow crypto commodities trading. DMCC is also known as the free zone for businesses dealing with rough gold, diamonds and precious stones.

DMCC free zone business setup cost
Setting up a company in DMCC can be a great opportunity for aspiring entrepreneurs. Understanding the price range from the beginning to the end of the setup is necessary.

Starting a business in the DMCC-free zone costs around AED 50,000. It depends on the license, activities, and other factors how much the license will cost.

DMCC free zone license renewal
The renewal process of businesses in the DMCC free zone is a highly cost-effective and simple process. You will be required to submit an audit report starting from the second renewal of your company annually.

To complete the renewal process for your company, you must pay the renewal fee and submit the signed lease agreement for your facility. An advantage is that your physical presence in the UAE isn’t required for renewal and can be completed through an agent.

Business liquidation in DMCC free zone
Similar to renewal, company liquidation also does not need the owner’s physical presence and can be accomplished through an agent. You must pay the government fee to complete the liquidation process. Company liquidation takes about one month to complete and involves the following steps:
Cancellation of visas
Termination of the lease agreement
Closure of bank account

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