DUBAI MULTI COMMODITIES CENTRE

The Dubai Multi-Commodities Centre (DMCC) is home to more than 15,000 companies that range from multinational corporations to start-ups. An additional 170 companies join the free zone every month, 95% of which are new to Dubai. Companies setup in the DMCC have access to world-class business services, connections, and infrastructure.

Nearly 90,000 people live and work in DMCC, attracted by the lively community, numerous property options, excellent metro and road connectivity, and a high-quality lifestyle.

WHY DMCC?

• The world’s top free zone and centre for global commodities trading
• Three-time awardee of ‘Global Free Zone of the Year’ by the Financial Times fDi magazine
• Excellent connectivity to metro and roadways
• Full range of business activities
• Wide variety of office space options across 60 towers
• Live and work in the same development
• All Free Zone benefits

FORM YOUR DMCC COMPANY NOW!

Similar Free Zones in Dubai

Dubai South (Dubai World Central)

Dubai Silicon Oasis

Dubai World Trade Centre Free Zone

Advantages of a DMCC Free Zone company

• 100% foreign ownership
• 0% corporate tax for 50 years
• 0% personal income tax
• 100% repatriation of capital and profits
• 0% import or re-export duties
• No currency restrictions
• No restrictions on foreign talent or employees

In addition to this, company formation in the DMCC can derive benefits from the extensive network of double-tax avoidance treaties that the United Arab Emirates has signed with countries worldwide, including countries such as India, Pakistan, Singapore, China, Malaysia, Canada, Germany, Italy, Austria and Holland.

Dubai offers the additional benefits of a very high standard of living and a vibrant expatriate community with people from over 180 nations living and working in the region.

The following legal structures are available for DMCC Company formation:

Limited Liability Company

The liability of its shareholders is limited to the value of the share capital they hold in the company.

Branch Company

A branch or a representative office of a parent company which already exists outside of the DMCC Free Zone. The parent company can be based outside, or inside the UAE. A branch company –

• derives its power and authority from the parent entity thus does not have separate legal personality.
• will not have a board of directors or company secretary
• must retain the same name as the parent entity and end with the designation (Branch).

We can help you structure your company through our DMCC company formation services. Contact us to discuss your requirements. 

A wide range of business activities can be chosen for DMCC company formation from the following:

• Trading Licenses– allows the holder to carry out trading activities
• Service Licenses– allows the holder to carry out services
• Industrial Licenses– allows the holder to carry out light manufacturing activities

Click here to download an updated list of business activities allowed for DMCC company formation.

The following office packages are offered for DMCC Company formation:

• Flexi-desks – from US $ 4,850 per annum
• Business centre spaces – from US $ 13,500 per annum
• Standard Offices – from 500 sq.ft. at US $ 22 per sq.ft. per annum
• Warehouses – based on request and availability

The DMCC is a freehold free zone, hence investors and companies can also purchase commercial and residential properties in the center.

Here are the initial documentation required for incorporation process:

• Know Your Client (KYC) form
• HR Signatory Appointment Letter
• Business Plan
• No Objection Letter from existing sponsor
• Specimen Signature form
• Passport Copy of shareholder, director, manager, company secretary, and/or legal representative.
• Proof of residential address (valid tenancy contract, utility bill (not older than 6 months), bank confirmation letter (not older than 6 months)….etc.)
• Activity related Undertaking letter
• Consultant’s Appointment Letter
• Power of Attorney (optional)
• Specimen Signature Form
• Shareholders’ Resolution / Board Resolution (branch companies)
• Memorandum & Articles of Association
• Standard Undertaking Letter to comply with DMCC’s requirements

Parent Company Documents (for Branch Companies)

• Certificate of Registration
• Memorandum & Articles of Association
• Certificate of Incumbency
• Ultimate Beneficiary Owner Form (system generated)

* if any of the documents are in any language other than English and Arabic, then, it must be legally translated into English.

You can download the list of required documents here.

Here are the approximate costs incurred in setting up a company in the DMCC:

License Costs:

General Trading License – AED 50,285

Trading/Commercial License – AED 20,285

Consultancy/Service License – AED 20,285

Initial Approvals and Trade name  – AED 1,105 (one time)

Registration Fee – AED 9,020 (one time)

Memorandum and Articles of Association – AED 2,000 (one time)

The DMCC has a wide variety of office space options, from Flexi-desks to full-fledged offices in the JLT area. The company would be eligible for 1 visa for every 8 square metres of office space.

Flexi-desk space starts at US $ 4,850 (AED 18,000) (with an option for three visas)

Office space – from US $ 22 (AED 70) per sq.ft. per annum

VISAS

The company will have to apply for an Establishment Card, in order to commence the processing of visas. An additional document required is a Power of Attorney, in case a PRO is appointed.

Establishment Card – AED 1,800 (US$ 490)

Power of Attorney – AED 1,500 (US$ 410)

The next step will be applying for the visas. Here are the approximate costs:

Employment Visa – applicant outside the country – AED 3,390 (US$ 924)

Employment Visa – applicant inside the country, no status change – AED 3,890 (US$ 1,060)

Employment Visa – applicant inside the country, with status change – AED 4,640 (US$ 1,265)

Visa Guarantee (refundable deposit) – AED 3,000 (US$ 818)

Medical Test, Emirates ID – AED 1,240 (US$ 338)

Download your DMCC company formation fact sheet here.

How can 10 Zone help in DMCC company formation?

10 Zone has:

• been setting up businesses in Dubai since 2004
• experts in consultancy and company formation
• a team of highly qualified Lawyers, Chartered Accountants and Relationship Managers
• capabilities to assist you in English, Arabic, French, German, Turkish, Hindi, Afrikaans & Tagalog.

Our Services

• Assistance in company formation
• Assistance in bank account opening
• Visa processing
• VAT registration
• HR & Payroll
• Contracts and Agreementsf
• Secretarial and Annual Compliances
• Marketing and branding

ALL SERVICES