DMCC Company Formation

The Dubai Multi Commodities Center (DMCC), is one of the premier free zones running in the UAE. Located in the heart of new Dubai, it has been a substantial trade magnet for startups and conglomerates globally. This has made DMCC the fastest growing free zone in the UAE. One can find a range of companies in trade of gold, tea, pearls, and agro materials. The simple licensing procedure, 100% foreign ownership freedom, and quick office set up make it a top choice for businesses that need a cost-effective solution to scale their business to the next level of growth.

Set up by the Dubai government in 1985, it has been instrumental in bringing new trade and business opportunities to the emirate and strengthening ties with global companies from across the world. It has the reputation of being the world’s biggest free zone and is home to a number of companies from diverse industry verticals like manufacturing and IT.

It understands the importance of a swift and streamlined clearance process for company formation in DMCC, and hence has set up simplified and quick processes to receive approval from the respective authorities. This, in turn, makes DMCC a favoured destination to set up international operations.

Benefits of Forming Free Zone Companies in DMCC

Setting up a business in a free zone comes with benefits;  however, there is a greater advantage you receive when you specifically set up a business in DMCC:

Types of Licences in DMCC

DMCC, being an entrepreneurial friendly zone offers the following profitable licences for you to avail.

Procedure and documentation

• Determine the type of corporate entity to be formed
  • DMCC allows you to form either of the 3 types of business entities at the free zone –
    • Limited Liability Company or LLC with more than one shareholder
    • Branch of a company (either foreign or local branch)
    • Subsidiary of a company
  • An expert like EBS will be in the best position to assist with the right type of entity choice, depending upon your specific business and strategy needs.
• Type of operations
  • In order to procure the appropriate license, you need to be sure about what is the type of business operations you will be conducting at DMCC. There are 3 types of activities permitted – trading, service, and industrial. This will help streamline the process and give it a logical direction.
• Check if you need to apply for additional licenses.
  • Depending on the scope or nature of the work you are doing, you may need to opt for additional licenses. Some of these include –
    • E-Commence licenses (for online retail)
    • Single-family licenses (for a single owner that has an heir within the family, to take care of succession and wealth transfer requirement)
• Obtain a trade name
  • You then need to obtain a trade name that is not already being used in the free zone. You have to submit three choices with the DMCC authorities out of which one will be selected eventually.
• Submit the documents needed To take your registration process ahead, here is a small list of documents you would need to keep handy
  • The filled-up application form
  • A valid copy of the owners/shareholders’ passport and visa
  • Residential address proof of originating country – like utility bills
  • A copy of the company’s business plan
  • An NOC from a local UAE based sponsor to help you with the paperwork and approvals

Free Zone Facilities for You to Avail

DMCC is the home for many businesses that have grown into profitable enterprises over the years. It has supported businesses – both small and large – to be far more than what they started off as. Naturally, business has been flowing into DMCC at a faster rate, and that certainly remains to be the reason why it has won the “Global Free zone of the Year” thrice.

Why Must You Choose EBS To Set Up A Business?

There are particular benefits of setting up a business in DMCC, some of which are enlisted down below.

• Total ownership of the business you set up.
• Total capital repatriation in case your business winds up.
• Simple transfer of profits and capital.
• Complete personal and corporate tax exemption.
• No import and export duty.

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