Business Setup in DMCC Free Zone
DMCC - Dubai Multi Commodities Centre
DMCC – Dubai Multi Commodities Centre is the rapidly growing and largest free trade zone in the UAE with 15,000 plus registered businesses. It was established in 2002 by the government of Dubai in order to form a business center for commodity related businesses. DMCC Free Zone has been named “Global Free Zone of the Year” in 2015, 2016 and 2017 by The Financial Times FDI Magazine.
The DMCC free zone is exponentially growing as annually 2,000 plus companies are registering to conduct business under free zone liberal business policies. They enjoy the benefits of 100% expat ownership and tax free environment in the best business district in the region. Due to its proximity to major business centers, it allows companies to achieve maximum benefits. As businesses have access to more shipping which let them reach out to the thriving international markets. DMCC is playing important role in connecting international markets through trade.
Benefits of DMCC Free Zone Company
- 100% foreign ownership of your company
- No taxation (no personal income tax and no corporate taxes)
- No restriction on capital repatriation
- No duty levied on import/export
- Flexible Office Solutions
- Present in the heart of new Dubai with the proximity to Dubai International airport and seaport
- World-class infrastructure available
- Rapidly growing free zone in UAE and GCC
Types of Licenses in DMCC Free Zone Dubai
1. General Trading License
Business setup with General trading license allows consolidating, distributing, import, export, and store number of types of products.
2. Commercial/Trading License
Business setup under Commercial/Trading License allows to consolidating, distributing, import, export, and store number of types of products that are specified in the license.
3. Service License
Business setup under Service License will allow you to carry out activities like service or consultancy that are specified in the license.
Documents Required
Following are important documents that are required for the establishment of company, branch of a company or individual business.
- Correctly and completely filled application form
- Copy of passport, Emirates’ ID and UAE residence visa
- Summary of business plan
- Office address in DMCC
- Power of Attorney for Manager, Director, Secretary and Specimen Signature
- Copies of parent company documents (in case of setting up branch of a company)
- NOC (no objection certificate) from sponsor if holding UAE residence visa
Frequently Asked Questions for DMCC Free Zone:
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MARKEF is a leading Accounting Firm offering wide range of services including Accounting and Bookkeeping, Audit and Assurance, VAT and Corporate Tax, Business Consulting, Management Consulting, and Business Setup Services in Dubai and across United Arab Emirates.
- Office No.1929, Tamani Art's Offices Tower, Business Bay, Dubai, United Arab Emirates
- +971 4 589 2828
- +971 50 105 4241
- E-mail : info@markef.com
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Mon - Sat : 8:00 - 18:00
Sunday Closed
