800 – LICENSE

Setup Your Company With

Dubai Multi Commodities Center

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.

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Advantages of Setting Up a Business
in DMCC

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.

Strategic Location

  • DMCC is located in the heart of Dubai, with close proximity to airports, and seaports.
 

Access to global market

  • Dubai is home to many expats. In fact, about 90% of the city’s population is composed of foreigners, giving you the opportunity to conduct business with multinationals.
 

One-stop shop

  • DMCC is a one-stop shop for all business needs. It offers facilities and access to a world-class market, secure storage, trading and research services, world-class legal and financial advice firms, and an unrivaled logistics and transportation system.
  • With its diverse range of services and facilities, DMCC provides a member online portal to ensure a rapid response to any requests.

Well-Developed Infrastructures

  • 100% Foreign Company Ownership
  • No restrictions on capital repatriation
  • No currency restrictions
  • No personal income tax
  • Starting on June 1, 2023, a 9% corporate income tax will be imposed on company profits exceeding AED 375,000 UAE dirhams. This tax rate remains one of the lowest in the world. 
  • A 5% standard VAT rate 
  • Effective immigration services, including visa support
 

Cost of Starting 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

Explore Monthly
Payment Plans

with Selected Banks

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.

Steps

Types of Licenses Offered by
in DMCC

Almost every type of business activity is permitted within the free zone.
Generally, these are the three types of licenses offered under DMCC:  

Trading License

This license is for companies that buy, sell, import, and export goods from, to, and within the UAE.

Industrial License

Given are for companies that conduct light manufacturing in dedicated facilities within DMCC.

Service License

Granted for companies that provide services in the professional, legal, financial, media, technology, education, energy, and healthcare sectors.

Documents for DMCC Company Setup

Business Structures
under DMCC

Here are the following legal company structures which you can choose from upon establishing a company in DMCC: 

Steps in Setting Up a Business in DMCC

Company set up process in DMCC usually takes around 2-4 weeks depending on your business activity.

1

Choose your business activities

The first thing to do in incorporating your business in DMCC is to outline your business activities to evaluate what type of trade license you will get.

2

Apply electronically

Fill out your application form correctly and submit it online. DMCC will complete the company name reservation, management, and compliance approval.

3

Pay, Sign & Submit the relevant documents

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.

4

Choose the most suitable office solution

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.

5

Secure your visas

The next crucial step will be to secure Ajman Free Zone visas for your team, so you can begin your operations. We will be happy to assist you with the needed documents and the application process.

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