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Start a Company in Dubai Multi Commodities Centre

Start a Company in Dubai Multi Commodities Centre

The Dubai Multi Commodities Centre, shortly referred to as DMCC, is one of the largest free zones of the emirate of Dubai. Established in 2002, the Dubai Multi Commodities Centre Free Zone was declared as the fastest-growing free zone in the world several times in the last few years.

Many foreign investors interested in starting businesses in Dubai choose one of its free zones, the DMCC being on top of their choices thanks to the great advantages it offers. Below, our company incorporation agents in Dubai offer detailed information on the advantages of setting up a business in the Dubai Multi Commodities Centre Free Zone.

Activities that can be completed in DMCC

As its name states, the DMCC Free Zone is dedicated to investors interested in trading various types of commodities. Among these, we mention the following:

  • precious metals such as gold, silver, diamonds, platinum, and precious stones;
  • FMCG goods such as tea, coffee, spices, and many others;
  • base metals, such as iron and steel, but also cotton and other types of commodities;
  • petroleum and crude oil-based products can also be traded in DMCC.

There are more than 15,000 companies operating in the Dubai Multi Commodities Centre Free Zone at the moment and their activities include trading, offering consultancy services, as well as fund management services.

Our Dubai company formation advisors can help foreign entrepreneurs who want to set up companies in DMCC.

If you have decided on starting a business in Dubai, we suggest you discuss all the aspects with one of our local agents. With the necessary experience on board, we will properly manage the registration process of documents and the formalities related to the issuance of a business license for your future activities. You can choose one of the 40 free zones for business, available in Dubai, but for more details, feel free to get in touch with our local specialists.

Quick company registration in Dubai Multi Commodities Centre

Time is one of the most precious assets in the world of business, and the DMCC Authority has understood that offering a quick and simple company registration procedure will attract more investors.

The company registration procedure in DMCC takes only 7 working days and is completed online. The investors need only pay the incorporation fee, which is one of the lowest in Dubai, and wait for the DMCC Authority to issue the company’s certificate of registration.

Corporate tax exemptions and incentives in DMCC

DMCC can be considered a tax haven, as the companies incorporated here can benefit from various tax exemptionsDMCC has 0% corporate tax under certain conditions, allows 100% foreign ownership, does not apply an income tax and does not impose restrictions on capital repatriation. The rules mentioned above are applicable for the first 50 years after the company’s incorporation in DMCC. In case your company has operations in the field of pharmaceutics, the DMCC legislation no longer allows a 100% foreign ownership; our Dubai lawyers can offer you more details on this procedure applied in this case. A company can receive a permit to function in DMCC in the case of the following incorporation types:

• limited liability company (with one/multiple shareholders);

• branch of a company.

The investment visa for Dubai, sometimes referred to as the partner visa, is a great option for foreign citizens who want to launch a business in Dubai or make an investment in an already-existing company. They may also sponsor family members while residing and working in the UAE. The visa is valid for 3 years.

Services in Dubai Multi Commodities Centre Free Zone

The core purpose of establishing the DMCC was to create a premium environment for companies that are involved in commodities services. The DMCC has strict legislation harmonized with international regulations in order to provide world-class business services. The main services foreign companies can benefit from are: a developed infrastructure, financial services, and real estate services, as well. Entrepreneurs wanting to start a company in a Dubai free zone can benefit from registration and licensing serviceswork and immigration services and a customer care service.

If you have any questions about the activities which can be completed in DMCC, our Dubai company formation advisors will answer them.

The great business location of the DMCC Free Zone

Another great benefit of Dubai Multi Commodities Centre is its location: the free zone is situated right at the heart of the emirate near the Jumeirah Lake Towers district. It offers various types of facilities, such as office spaces and warehouses, depending on the needs of the company.

For more information on why you should open a company in DMCC, please contact our company registration consultants in Dubai.