A business setup in Dubai can be a lucrative opportunity to make profits, grow internationally, and create a reputed brand name. At BCM Corporate Services LLC, we have years of experience nurturing businesses across all scales and industries for a hassle-free establishment in Dubai.
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Here in the heart of Dubai, DMCC Free Zone Company Formation at the center of the Jumeirah Lakes Towers district, you will find all you need to live, work and thrive. Made for Trade, DMCC has everything to set up, grow and build your business. Seven times crowned ‘Global Free Zone of the Year’ by the Financial Times fdi magazine, it is home to a vibrant community, innovative infrastructure, world-class services and a stunning choice of properties, all minutes from excellent air, sea and road links to the world.
The Dubai Multi Commodities Center has become the largest free zone in the UAE and is still growing with more than 11,000 registered companies operating within it. Established in 2002 by the government of Dubai, it is growing at an exponential rate of more than 2000 companies that are there to conduct business and avail its liberal policies and tax-free environment
where expats can own 100 % of their business. Its proximity to the biggest business centers and to the port allows companies there to reach out to international markets. Exsolutions business setup consultants have years of experience and will allow you to get all the pertinent licenses and approvals necessary for company setup in the DMCC.
There is 100 % ownership of your company
No personal income tax or corporate tax
Complete Capital Repatriation
No duty on Import or Export
State of the art infrastructure
The DMCC is a strategic initiative of the Dubai Government to provide a marketplace and necessary physical and financial infrastructure to run a thriving commodities marketplace. The DMCC was established in the year 2002 and since then has remained the largest free zone in all of UAE.
Around 12000 registered companies operate in the DMCC free zone. Before we take a deep dive on how to set up your business within the DMCC, here is a list of benefits of operating your business out of DMCC.
General Trading License
You can do import, export, and distributing on the types of products that are specified in the license
Commercial Trading
Import, export, and distribution of the products that are there specified on the license.
Service License
This allows you to practice consultancy and services which are specified in the license.
For setting up a company branch
A passport copy and power of attorney for the director, manager, secretary and the signature
An appointment letter of manager
A business plan
Applications signed by signatory
MOA & articles of association of the parent company
Certification of incorporation and certificate of registration
Dubai Multi Commodities Center (DMCC) is the ideal trading base for Dubai and the UAE, with over 15000 companies operating here. Situated in the heart of new Dubai, the DMCC is the largest and rapidly developing free zone in the UAE. If you want to set up a company in the DMCC free zone and want to understand the entire process then we at Start Any Business UAE will guide you properly and help you throughout the process of company setup.
Application by the signatory
Power of attorney
Documents of personal details
Proof of Address
A copy of passport with six months validity
Letter of the share capital in the bank
Business Plan
For a Corporate Shareholder
Board Resolution validating the creation of a branch or subsidiary
A passport copy and power of attorney for the director, manager, secretary and the signature
Business Plan
Applications signed by signatory
Certificate of Incorporation
MOA & articles of association of the parent attested by a relevant authority from the country of origin
Revolutionary Office spaces
DMCC business center: Whether it is a commercial freehold property that you need or a retail space to run your business, the DMCC has office spaces for every need. Property price ranges from AED 650 to AED 20,000 per sq. feet for sale. For lease, the prices range from AED 50 to AED 200 per sq. feet per annum for leasing.
There are futuristic buildings like ‘One JLT’ – which is a glass box style building in the heart of DMCC or ‘Burj 2020 District’ which is a super tall commercial building. The government of Dubai has office spaces ready for entrepreneurs.
The DMCC member zone is one stop shop for all member related requirements. The member zone hosts periodic networking events, seminars, workshops, and exhibitions to create a close-knit member community. This helps business owners to connect with crucial members and develop strong lasting business relationships
Here are 5 easy step stop set up your own company in DMCC
Step 1. Decide on which company type you want to operate
Limited liability Company as a newly formed entity with multiple shareholders
Branch of a local/foreign company
Limited liability Company as a fully owned subsidiary.
If you are confused about the company types, then consult business consultants who will help you identify the best kind of company type for your business.
Step 2. What are the business activities that you want to operate on
As a budding entrepreneur or a seasoned businessperson, this is an important step for you as your business activity is going to be your bread and butter.
There are three options mainly, Service, Trading and Industrial
The DMCC business licensing procedure is different for each activity, so choose appropriately.
Step 3. Additional DMCC business licenses
There are options to apply for other licenses if they are applicable to your business activity
Single-family license: this takes care of centralization of a family’s wealth, personal affairs, succession planning and holding shares of family assets, businesses, foundations etc.
E-commerce license: This license is applicable to you if you want to use the digital/online platform for sale of your goods. As you know the world is going digital and almost everyone has some sort of e-commerce activity going on pertaining to their business. DMCC Free Zone Company Formation E-commerce licenses will help you and your customers/patrons in easy transactions online.
Step 4. Choosing a name for your company
This is very important as it reflects the identity of your company. There are some regulations around choosing a name for your company, for example, your company’s name should be directly related to your business activity, it should not have been already taken by some other business entity etc. So take ample time to choose an appropriate name.
Step 5. Applying for company registration
The company registration and licensing process is simple, swift and easy. It starts with the submission of your duly filled application form along with supporting documents. Following this, a pre-approval is sought from the DMCC, DMCC Free Zone Company Formation the company is registered and licenses are obtained after this.
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