The Dubai Multi Commodities Center (DMCC) is one of the largest free zone and trade hubs in Dubai, United Arab Emirates. Established in 2002, DMCC offers a conducive business environment that comes with a wide range of support services for companies, such as access to trade finance, market intelligence, and networking opportunities.
Over the years, DMCC has cemented its position as one of the most successful free zones in the UAE, attracting over 15,000 companies from across the world. DMCC is known for its pro-business policies and support for startups, SMEs, and the commodities sector.
Starting a business in DMCC gives you the privilege of operating a business under a multi-awarded free zone center. In 2022, DMCC was recognized as the Global Free Zone of the Year by the fDi Magazine for the 8th consecutive year.
Here are the following benefits of incorporating a business in DMCC.
The cost of setting up a business in DMCC will depend on different factors, including the number of visas you need for your company and office lease.
Creative Zone’s business package starts at AED 23,000. This already includes:
To get an estimate of your offshore company formation rates,
use our COST CALCULATOR
Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.
Almost every type of business activity is permitted within the free zone.
Generally, these are the three types of licenses offered under DMCC:
Here are the following legal company structures which you can choose from upon establishing a company in DMCC:
A joint venture is company owned by a combination of individual(s) or owned by more than one company(s)
A subsidiary is an entity owned 100% by a “parent” company. The subsidiary company may perform different business activities and may have a different name than its Parent company.
a branch company, is an extension of its parent company. A branch company is usually established in DMCC by companies who want who wants to take advantage of the free zone’s business ecosystem and incentives.
A LLC is an entity separate from its shareholders. Therefore, the liability of the shareholders is limited to the amount of unpaid share capital.
However, under DMCC regulations, all share capital is required to be paid up (i.e., deposited in the company’s bank account).
After submission of your initial application, you can now pay for the registration and license fees and sign the legal documents.
You will be then granted by DMCC a provisional approval and bank letter to open a company bank account.
Lastly, select an office space that can accommodate your staff. Creative Zone can help you in selecting the most suitable and accessible location for your company.
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