Dubai Multi-Commodities Center Free Zone is the fastest growing free zone in the UAE, designed for trade, and everything related to business growth. It offers a potential opportunity for the commerce and retail sector. DMCC is home to a vibrant community, world-class services, innovative infrastructure, and stunning properties, all minutes away from the strategic location of the world. Moreover, Financial Times FDI magazine has crowned DMCC as ‘Global Free Zone of the Year’ for 3 consecutive years. DMCC was initially a set up of leading trade hub and international commodities. But now, it evolved as one of the fine choices for any business organization.
Established in 2002, Dubai Multi Commodities Center (DMCC) was created as a strategic initiative of the UAE Government to provide a competitive marketplace for thriving commodities center. As of now, DMCC hosts more than 15,000 registered companies which are actively operating in the Free Zone. More than 170 companies join DMCC, every month as their business start-ups. Setting a company in DMCC will not only bring a brand name for your company but also facilities as the prime features of Dubai Free Zone. There are tons of great features you can avail while doing business in DMCC, some of the most notable features are:
DMCC provides many business activities for all types of business. DMCC license authority provides the following types of licensing options:
1. Trading License
Businesses involved in the import and export of services and goods.
2. Industrial License
Businesses involved in Industrial and Manufacturing activities.
3. Service License
Businesses involved in general trading and services
If you have a business activity then you can also avail other business licenses. But remember, your business activity should be allowed in the free zone. General business requirements include:
A business sector is very important at the time of selection. With each business license, you can have 6 different business activities, but remember they must all fall under the same category. The following business sectors are available in the DMCC Free Zone.
The DMCC authority has made it easy for new company formation in the free zone. All new investors and business persons need to follow the following steps:
First of all, you have to decide which kind of business you want to run. All the possible business activities that you can perform in this region are provided above. After you have selected your business activity, now select your company type. DMCC free zone authority offers 3 types of company formation:
The next step is to submit your application form and requested documentation to the required authority. The documents required are:
After all your documentation is tested and approved, the authority will issue you a lease agreement with your license request upon which you have to pay the required fee.
This is the final part of your company formation. Submit your lease agreement and start your business activity. Select an office space in the free zone. After you have done all the above steps, the authority of DMCC will issue your E-License, upon which you can perform your business operation in DMCC free zone.
DMCC free zone successfully attracts key commodities sectors, with a wide range of business form including shipping, healthcare, IT, recruitment and many others. DMCC has more than 15,000 registered companies as of now, among which 95% are not situated in UAE.
More then 90,000 people live and work here, that attracts a vibrant community, lifestyle and property. Having a business in DMCC free zone will provide you many benefits and opportunities to expand your business idea. DMCC is one of the largest growing free zones in UAE with a wide range of business activities that no other free zone can offer. It has fewer nationality restrictions, a well-designed trading platform, trading events, and a strategic location next to sea and air.
Dubai is a global hub of foreign investors and many business giants. Starting your business operation in DMCC will ensure growth and success in your business, and a professional business advisor can help you start with the process. At Setup Dubai Business, we have a team of talented business individuals, that have prior experience in company formation in DMCC. Our services include Licensing, PRO services, Registration, VAT registration, employment, business plan, and all other services related to business. We let our clients focus on the big picture and let us take the burden of your company formation. Have any question about company formation in DMCC Free Zone? Well, send us a quick inquiry. Drop in your details and one of our representative will call you back.
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