The Dubai Multi Commodities Center (DMCC) zone is one of the most prominent free zones in Dubai, and is an ideal choice for investors and entrepreneurs wishing to establish their companies in a developed and distinguished commercial environment. Established in 2002, DMCC represents a strategic hub for global trade, thanks to its excellent location and modern facilities that support the growth of businesses from various sectors.

DMCC is considered one of the largest free zones in Dubai, offering a supportive and innovative environment for business, with a focus on providing all the facilities and services needed by startups and large companies alike. The free zone offers significant benefits including tax exemptions, flexibility of procedures, and full property rights for foreigners, making it an attractive destination for a wide range of business activities, including trade, services, and industry.

DMCC contributes to enhancing business capabilities thanks to its advanced infrastructure that includes fully equipped offices, warehousing spaces, and integrated logistics facilities. The region also provides a wide range of complementary services, such as legal and financial advice, which facilitates the process of establishing a company in central Dubai .

With a competitive environment equipped with everything necessary for growth and innovation, DMCC represents an ideal platform for establishing a business, allowing investors to take advantage of its strategic location and diverse offers to enter new markets and achieve success in the world of business.

Establishing a company in the Dubai Multi Commodities Centre

Procedures for establishing a company in the Dubai Multi Commodities Center

Establishing a company in the Dubai Multi Commodities Center (DMCC) requires following a set of basic procedures that ensure compliance with all legal and business requirements. Here are the steps to establish a company in DMCC:

1. Determine the type of activity and type of company: Determine the business activity you want to engage in, and choose the appropriate company type such as a limited liability company, sole proprietorship, or holding company.
2. Choosing a Business Name: Choose a business name that complies with the regulations of the DMCC. The name must be unique and not similar to other company names.
3. Submit an application for initial approval: Submit an application for initial approval from the DMCC, which includes providing information about the business activity, company name, and names of shareholders and directors.
4. Preparing the necessary documents: Preparing the required documents such as the founders’ passports, articles of incorporation, business plan, proof of office address, and personal photos.
5. Signing a Lease Agreement: Signing a lease agreement for an office in the DMCC area. The office can be rented or temporary depending on the company’s needs.
6. Preparation and submission of founding documents: Submit all founding documents to the DMCC, including the company’s articles of incorporation and articles of association, founders’ passports, and personal photographs.
7. Pay the required fees: Pay the required registration and licensing fees, which include the cost of the license, office registration, and any other additional fees.
8. Obtaining a business license: Receive the official business license from DMCC, which allows you to start conducting business activity.
9. Opening a bank account: Opening a bank account in the company’s name at a local bank, which requires submitting company documents and proof of identity.
10. Applying for work and residence visas: Submitting an application for work and residence visas for employees and shareholders, including completing all procedures related to work visas.
11. Registration with the Dubai Chamber of Commerce and Industry: Register the company with the Dubai Chamber of Commerce and Industry to obtain membership and prove commercial presence in Dubai.
12. Compliance with Legal Regulations: Ensure compliance with all DMCC laws and regulations, including tax and environmental compliance if required.
13. Preparing the office and starting operations: Equipping the office with the necessary equipment and furniture to start work, and starting business operations according to the business plan.
14. Registration in electronic systems: Register the company in the electronic systems of DMCC if there are special requirements for electronic control systems or the tax system.

Costs of establishing a company in the Dubai Multi Commodities Center

Setting up a company in the Dubai Multi Commodities Center (DMCC) requires consideration of a range of costs that include:

• License fees: Includes the fees necessary to obtain the commercial license that allows the company to carry out its legal activities in the DMCC.
• Company Registration Costs: Includes the fees associated with registering a company with the DMCC, which includes submitting necessary documents and applications.
• Office Rent: The cost of leasing or renting an office within the DMCC area, which may vary based on the size and location of the office.
• Office equipment costs: These include the costs of purchasing the furniture and equipment needed to operate the office, including computers and printers.
• Bank account opening fees: Fees for opening a bank account in the company’s name at a local bank, which may include administration and check issuance fees.
• Costs for obtaining work and residence visas: Includes fees associated with issuing work and residence visas to shareholders and employees, in addition to any additional fees for renewing visas.
• Legal consulting services costs: Includes fees paid to attorneys or consultants to help you submit documents and ensure compliance with local laws.
• Electronic Systems Registration Costs: Fees may include fees related to registration in DMCC’s electronic systems, if there are special digital registration requirements.
• Additional service fees: Includes any additional fees related to obtaining special permits or secondary licenses, based on the company’s activity and requirements.
• Licenses and Compliance Costs: Fees associated with obtaining any additional licenses or permits for the company’s activity, in addition to the costs of complying with local laws.

Advantages of establishing a company in the DMCC Free Zone

Establishing a company in the Dubai Multi Commodities Center (DMCC) Free Zone offers a host of advantages that make it a preferred destination for investors. Here are the most prominent advantages:

1. Full tax exemptions: DMCC offers comprehensive tax exemptions on profits, which enhances corporate profitability and reduces operational costs. This includes exemption from income tax and value-added tax, which contributes to improved financial returns.
2. Full ownership by foreigners: DMCC allows foreign investors to own 100% of their companies without the need for a local partner, which provides them with complete freedom to manage and operate their companies.
3. Advanced Infrastructure: DMCC has a world-class infrastructure that includes modern offices and integrated business facilities, providing a professional and supportive work environment for companies of all sizes.
4. Strategic Location: DMCC is centrally located in Dubai, close to major ports and airports, facilitating access to global markets and contributing to enhanced commercial and logistical activity.
5. Simplified and Fast Incorporation Procedures: DMCC features fast and flexible company registration and incorporation procedures, making it easier for investors to start their businesses quickly and efficiently.
6. Business Support Services: The center provides a wide range of supporting services such as business consulting, legal services, and human resources solutions, which helps companies manage their operations effectively.
7. Banking facilities: DMCC cooperates with a group of international and local banks to provide distinguished banking services, including opening bank accounts and managing funds.
8. Benefit from a business network: Companies in DMCC benefit from an extensive business network, providing opportunities for cooperation and strategic partnerships with other companies in the region.
9.  Residence and work visas: The center provides facilities for obtaining residence and work visas for company employees, which contributes to attracting global talent and facilitating workforce management.
10. Safe and Prosperous Environment: DMCC is considered a safe and commercially stable area, providing a conducive environment for growth and investment, and protecting corporate interests from economic risks.

In conclusion, establishing a company in the Dubai Multi Commodities Center (DMCC) is an ideal strategic move for investors looking for a developed and distinguished business environment. DMCC is considered one of the most prominent free zones in Dubai, as it provides unique advantages that enhance the chances of success and growth for businesses. Thanks to its distinguished strategic location in the heart of Dubai, the center provides easy access to global markets and advanced infrastructure that contributes to supporting companies’ operations.

DMCC offers a wide range of licenses and business options that suit various types of activities, from commercial companies to industrial and service companies. The center enhances the work environment by offering flexible facilities in choosing office space and facilities, which contributes to achieving business requirements effectively. In addition, the center offers attractive tax breaks, which helps reduce costs and increase corporate profitability.

DMCC’s quick and simple company incorporation procedures accelerate business startups, allowing investors to focus on developing their strategies and achieving their business goals. The institutional support and integrated administrative services provided by the Center contribute to facilitating the business process and ensuring compliance with all laws and regulations.

Overall, establishing a company in DMCC provides investors with a supportive business environment equipped with all the tools needed to succeed in a competitive global market. If you seek excellence and growth in the world of business, DMCC is the ideal destination that provides you with the strong foundations to achieve your business goals.

The most important frequently asked questions about establishing a company in the Dubai Multi Commodities Center