Discover Wealth Opportunities at Dubai Multi Commodities Centre

dubai multi commodities centre

Dive into the world of opportunity at Dubai Multi Commodities Center (DMCC), a powerhouse free zone established in 2002. DMCC isn’t just a location; it’s a thriving business ecosystem specifically designed to empower your success. Imagine a one-stop shop where you have access to cutting-edge trade finance solutions, receive valuable market intelligence to stay ahead of the curve, and connect with a network of influential players in the region. DMCC fosters a supportive environment that removes barriers and fuels your company’s growth.

Advantages of Setting Up Your Business in DMCC

Starting a business in Dubai Multi Commodities Centre allows you to operate in a multi-awarded free zone centre. In 2022, Dubai Multi Commodities Centre was recognized as the Global Free Zone of the Year by the fDi Magazine for the 8th consecutive year.

Access to Global Market

Dubai Multi Commodities Centre puts you at the heart of Dubai's action, with airports and seaports nearby for efficient global connections.

One - Stop Shop

Dubai Multi Commodities Centre offers everything you need to thrive. World-class market access, secure storage, expert services, top legal & financial advisors, and unrivaled logistics.

Tax & Financial Benefits

Personal income tax is a thing of the past, allowing you to keep more of your hard-earned profits.

Types of License offered in
DMCC

Trading License

Designed for import and export businesses, this license permits companies to buy, sell, and distribution of goods throughout the UAE.

Industrial License

This license is issued to businesses that perform light manufacturing activities within designated areas of DMCC.

Service License

This comprehensive license permits businesses to operate in a wide array of service sectors, such as professional services, legal, financial, media, technology, education, energy, and healthcare.

Documents for Dubai Multi Commodities Centre Company Setup

*required for a subsidiary setup

Online pre-approval application form
Proof of residential address in country of residence (A utility bill or bank statement)
Business profile
Third-party approvals for specific regulated business activities
Copy of your passport (Along with your UAE residence visa and a copy of your Emirates’ ID, if applicable)

Business plan (depends on activities)
Details of an office address in Dubai Multi Commodities Centre free zone (JLT)
Copies of parent company documents if it’s a branch company formation. (Required after the company has been registered)
Power of Attorney for Manager, Secretary, Director, Specimen Signature
No Objection Certificate (NOC) from the current sponsor if you already have a residence visa

Business Structures in DMCC

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Companies looking to expand their operations can set up a branch in DMCC. This strategic move allows them to leverage the free zone’s dynamic business environment and a range of attractive incentives.

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While a Limited Liability Company (LLC) typically separates shareholder liability from company debts, in DMCC, all invested share capital must be paid in full. This means shareholders’ personal assets are protected, but only up to the amount they haven’t contributed to the company’s capital.

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This entity has one single shareholder (can be an individual or a corporate shareholder), holding 100% of the company shares.

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This business model allows for private ownership by one person or a group of natural persons.

Steps in Setting Up Your Business in Dubai Multi Commodities Centre

The steps are quite simple. Here’s how to open your company in the Dubai Multi Commodities Centre

Choose your business activities

The free zone allows for a wide range of businesses to be set up with ease. Pick out the specific activities you wish to conduct, and we’ll help you choose the ideal Dubai Multi Commodities Centre license type and setup option.

Determine your trade name

The business name for your Dubai Multi Commodities Centre company must not already be in use by another firm. It also should not reference anything political or religious. Thus, it’s best to have at least a few options ready for a more hassle-free name registration process.

Apply for your Dubai Multi Commodities Centre Trade License

Prepare the Ajman Free Zone license requirements needed for the entity type you’ve chosen and submit these to the Free Zone authority. They’ll examine your documents, get in touch for any discrepancies, and approve the license should you meet all the necessary criteria.

Open a corporate bank account

You may opt to open an account with either a local or an international UAE bank. Our team of experts will help you choose the best bank for your needs and guide you through the whole process.

Secure your visas

The next crucial step will be to secure Dubai Multi Commodities Centre 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.

Discover Wealth Opportunities at Dubai Multi Commodities Centre

dubai multi commodities centre