22 August, 2023

Start Company in DMCC

start company in dmcc

Dubai Multi Commodity Centre (DMCC) is a free zone in Dubai that provides an ideal location for businesses. DMCC free zone Business Setup features a large network of global businesses, and it’s where you can connect with other companies and build your business.

If you are looking for a place to start your business in the UAE, DMCC is the ideal choice. It’s a hub of trade and commerce in Dubai, and it brings together more than 21,000 businesses from 120 countries across numerous sectors. DMCC free zone allows you to hold 100% foreign ownership of your company.

With good connectivity through air, sea, and road, this area is a great choice for many global businesses. The DMCC free zone is gaining popularity as more firms each year choose to operate under liberal business rules. You can also remit 100% of profits to the home country.

What is DMCC Free Zone?

The Dubai Multi Commodities Centre (DMCC) is the UAE’s largest free-trade zone, situated in Dubai’s Jumeirah Lake Towers district. Established in 2002, it operates as a commodities exchange focusing on precious commodities like gold and diamonds, along with energy, steel, metals, and agricultural commodities like tea and cotton. As of August 2020, the Investment Corporation of Dubai, a sovereign wealth fund, assumed ownership of DMCC as part of a significant restructuring.

Steps to Start a Business in DMCC Free Zone

To maximize the advantages of setting up in the DMCC Free Zone, our specialists at RadiantBiz will guide you through these steps:

Step 1: Choose a Company Name

Check name availability on the DMCC website.

Step 2: Select Business Activity & Legal Entity

Determine your business activity and entity type (LLC, branch office, or FZE).

Step 3: Apply for Initial Approval

Submit required documents to the DMCC Authority with our assistance.

Step 4: Open a Corporate Bank Account

Facilitate the opening of a bank account for business transactions.

Step 5: Choose a Location

Secure a suitable office space with our guidance.

Step 6: Obtain Final Approval

Submit final documents for approval by DMCC and other relevant authorities. Once approved, launch your business.

Benefits of DMCC free zone company setup in Dubai

Here’s a list of some major benefits of starting and expanding your business with DMCC free zone in Dubai
DMCC free zone is a place where you can start your business and grow it into something bigger. It’s a place where you can build your business, connect with others and make connections that will set you apart from the competition.

Here’s a list of some major benefits:

1. A global network of businesses

At DMCC, you will get great exposure for your business as the free zone is home to more than 21,000 businesses from all over the world.

2. 100% foreign-owned company

DMCC offers 100% ownership and capital repatriation, which means you can have 100% foreign ownership of your company, remit 100% of profits to the home country and enjoy the benefits of having a company in the DMCC free zone.

3. Easy and quick setup

DMCC is the place to be for starting a business in Dubai. It’s a world-class environment with a large network of global businesses, and an easy and quick setup With DMCC you get a quick free zone business setup in Dubai. It provides a trade license within 10 days of submitting your application form.

4. Great location

DMCC is located in the heart of Dubai which is in Jumeirah Lake Towers. This is why DMCC free zone offers many options for connectivity to major airports, along with easy logistics nearby.

5. Modern office solutions

DMCC offers top-notch resources that allow innovative platforms, tools, and services for your business. You can choose from modernized office spaces such as flexi desks, coworking spaces, serviced desks, and serviced offices. Each with its own set of benefits for startups and SMEs.

6. No-tax

DMCC free zone ensures a no-tax regime for your business in the UAE. when you start a business in DMCC you don’t have to pay corporate and income tax.

 

Types of businesses in the DMCC

DMCC is a hub for the business industries and it has a lot to offer. From technology to e-commerce, there are many things you can do. The most popular industries in DMCC are:

  • General Trade
  • Food and Agro
  • Cryptocurrency and Blockchain
  • E-commerce
  • Diamond and Gold
  • Sports and Wellness
  • Gaming
  • Healthcare
  • Technology and Media
  • Aviation
  • Education
  • Finance and Banking
  • Logistics

 

Types of DMCC free zone license

If you are planning to start a business with DMCC free zone, then you will need to follow the steps listed below

Every investor launching a company in the UAE needs to obtain a legal and valid business license. Below are the steps that will ensure a business license for you.

1. Service license

If you deal in providing professional services such as media, IT, legal, energy, and healthcare then a service license is for you.

2. Industrial license

As the name suggests, an industrial license is for businesses that carry out activities such as manufacturing, and processing of light commodities such as tea, coffee, metals, etc.

3. Trading license

A trading license is for activities that include general trading like export, import, buying, and selling of goods to and from the UAE.

 

Document checklist to register with DMCC

The application process for DMCC free zone company setup is simple, with the following paperwork:

  • To begin the process, you must complete an online pre-approval application form.
  • Following that, you must provide a copy of your passport for verification.
  • A copy of your UAE resident visa as well as your Emirates ID must be submitted.
  • Utility bills and bank statements as proof of address in the country of residence
  • Documents of the parent company. These are only required when establishing a subsidiary firm.
  • Third-party permissions are required for certain regulated business activities.

How much time will it take to start a business in the DMCC free zone?

It will take around 7 days for DMCC free zone Business setup in Dubai. However, with RadiantBiz’s assistance, you can reduce setup time because we will aid you with everything and make the process short. Coming to the visa, the DMCC visa is a type of resident visa granted to employees and business investors who are registered in the DMCC free zone. Moreover, the visa applications will be processed by the DMCC authority in three to five working days.

Need assistance with DMCC free zone company setup?

Do you need help with a business setup in Dubai Free Zone? RadiantBiz is your perfect partner for a stress-free business establishment in Dubai. We are the best business setup consultant in Dubai, and we guarantee to make your DMCC business formation easier than ever.

Why is RadiantBiz the right business partner? We help you from the beginning, from first approvals, corporate bank accounts, and trade licenses, to visas and office space. We will walk you through the entire process of establishing a business in DMCC across all industries.

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