Setup Business in DMCC

Dubai is a hub of trade, and DMCC is the strategic gateway linking you to the fast-growing markets of the Middle East and beyond. DMCC (Dubai Multi Commodity Centre) is a flagship free zone in Dubai. This Dubai free zone license offers great business opportunities for several business activities. The DMCC is located in the heart of Dubai, at the center of the Jumeirah Lakes Towers District. It has been voted “Global Free Zone of the Year” seven times in a row.

DMCC brings together more than 21,000 businesses from more than 120 countries across all sectors into one place. The gold and diamond park is also a part of the dynamic DMCC free zone which would be very beneficial for business owners looking to start a precious metal business in the country. With good connectivity through air, sea, and road, the 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 free zone liberal business rules.

Steps in Starting a Business in the DMCC Free Zone

Maximizing the benefits of establishing a company in the DMCC Free Zone requires careful planning and execution. Our team of company formation experts at RadiantBiz is ready to assist you through the following DMCC Business Setup steps:

Step 1: Choose a Company Name

Selecting a suitable name for your business is the initial step. Check the availability of your desired name on the DMCC website to ensure it's not already taken.

Step 2: Determine Business Activity and Legal Entity

After naming your company, decide on the nature of your business activity. This choice is crucial as it dictates the type of license you'll require. Additionally, choose the appropriate legal entity, such as a Limited Liability Company (LLC), branch office, or Free Zone Establishment (FZE).

Step 3: Apply for Initial Approval

Submit the necessary documents to the DMCC Authority to obtain initial approval. Our experts at RadiantBiz will assist in this process by handling all paperwork on your behalf.

Step 4: Open a Corporate Bank Account

Once you receive initial approval, proceed to open a corporate bank account. This account will facilitate your business transactions and financial management. Our team will assist you in selecting the most suitable bank for your company's needs.

Step 5: Choose a Location

Based on your requirements, secure a physical office space. Our specialists will guide you in selecting the ideal location for your business operations.

Step 6: Obtain Final Approval

Depending on specific circumstances, you may need additional licensing approvals from other authorities. Once all requirements are met, the DMCC Authority will request final documents. Upon approval, you are ready to launch your business venture.

Cost of Setting Business in DMCC FreeZone

In the DMCC Free Zone, the minimum share capital needed per company is AED 50,000, with business registration starting at AED 9,000. Keep in mind that additional fees like visa expenses, license fees, and other charges are not included in this initial cost. At RadiantBiz, we understand the importance of budget-friendly options for starting your business. That's why we provide customized business packages designed to suit your unique requirements and financial considerations. Reach out to us today to receive a personalized quotation for your company. Let us help you kickstart your entrepreneurial journey without breaking the bank.

For setting up your business in the DMCC, here are the fees:

DMCC Commercial Trading/Service License:

Initial Approval & Trade Name (one time): AED 1,015/-
License Fee (yearly): AED 20,275/-
Registration Fee (one time): AED 9,020/-
Memorandum of Association (one time): AED 2,000/-
Auditors Appointment Letter (one time): AED 1,000/-
Total: AED 33,310/-

DMCC General Trading License, Business Center License, or Hotel License Fees:

Initial Approval & Trade Name (one time): AED 1,015/-
License Fee (yearly): AED 50,275/-
Registration Fee (one time): AED 29,020/-
Memorandum of Association (one time): AED 2,000/-
Auditors Appointment Letter (one time): AED 1,000/-
Total: AED 83,310/-

Important Notes:

  • Minimum required share capital is AED 50,000, with each shareholder's share capital not less than AED 10,000/-.
  • The mentioned cost does not include legal service fees.
  • You must rent either a Flexi-desk or a physical office in the DMCC/JLT area to register a company and obtain a trade or service license.

Office Options:

  • Flexi Desk (up to 3 visas): AED 17,610/year.
  • Physical Office for Lease: Starting from AED 90+ per sq.ft/year

Advantages of Business Setup in DMCC?

Dubai Multi Commodity Centre is an amazing choice for starting a business in the free zone. It’s a place where you can connect with others, build your business and make connections that will set you apart from the competition.

01

100% ownership and capital repatriation DMCC allows you to hold 100% foreign ownership of your company. You can also remit 100% of profits to the home country.

02

Large network of global businesses The free zone is the home to numerous business niches, with 21,000+ businesses operating in DMCC, your business will get global exposure.

03

Top-notch resources World-class resources in DMCC ensure innovative platforms, tools, and services for your business, thus making business efficient and simple.

04

Secure business environment DMCC offers a secure trading environment you can trust to adhere to the highest standards of international compliance.

05

Strategic location DMCC is located in the heart of Dubai i.e – Jumeirah Lakes Towers District. The free zone offers flexible connectivity to the major airports.

06

Easy and quick setup With DMCC you get the most relaxed and quick free zone business setup in Dubai. It provides a trade license within 10 days of submitting your application form.

Office Solutions Offered by DMCC Free Zone

Here is a list of multiple office solutions offered by Dubai Multi Commodity Centre

Flexi desk

A flexi desk is a popular option for office spaces in DMCC. You can use a flexi desk on a part-time basis that will boost your business with a physical address and professional outlook.

Serviced desk

Serviced desks are useful when you have a full-time staff who might need a dedicated desk. Opting for a serviced desk will ensure higher productivity for the business with a range of tailored services

Serviced offices

Serviced offices in DMCC are fully equipped with all kinds of modern facilities and are ready to move in. You can choose the office space as per your requirements.

Coworking centre

DMCC Coworking Centre is another very popular office solution for businesses. These are smart offices that will ensure you carry out your business activities in a hassle-free manner.

Popular Business Industries in DMCC FreeZone

This free zone in Dubai offers amazing business opportunities for foreign investors.Here’s a list of the top business setups:

  • Food and Agro
  • Cryptocurrency and Blockchain
  • Diamond and Gold
  • Sports and Wellness
  • Gaming
  • Technology
  • E-commerce
  • Aviation
  • Education
  • Finance and Banking
  • Logistics
  • Healthcare
  • Media
  • General Trade
List of Documents Required for DMCC Business License

The application process for setting up a company in DMCC Dubai is very straightforward but requires some paperwork. These are as follows:

  • You need to submit the online pre-approval application form to get started with the process.
  • Next, you need to submit a copy of your passport for verification purposes.
  • A copy of the UAE residence visa and Emirates ID is to be submitted
  • Utility bills or bank statements as proof of address in the residence country.
  • Copies of parent company documents. These are only required in the case of the subsidiary company set up.
  • Third-party approvals for specific regulated business activities.

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    Types of Licenses Available in DMCC FreeZone

    Service license

    A service license will allow you to provide professional services such as legal, media, technology, education, energy, healthcare, IT, etc.

    Trading license

    A trading license facilitates the buying and selling as well as the import and export of goods from, to, and within the UAE.

    Industrial license

    An industrial license allows you to conduct light manufacturing and final processing of precious metals, stones, tea, coffee, etc.

    Simple And Quick Company Set Up in DMCC FreeZone

    Decide your business activities

    Choose your business activities and decide on a relevant business license. You will get an online application form from the DMCC authority to take the process further.

    Submit the online application

    Next, you are required to submit the application form by paying the initial fee. DMCC will look into the trade name registration and compliance approvals.

    Submit the necessary documents

    After the successful submission of the fee and the online application, DMCC will issue a provisional approval and bank letter for opening a corporate bank account.

    Select office space

    Finally, sign and submit relevant documents for the desired office space. DMCC will issue an E-license and you are ready to start a business in the free zone.

    Plan a Business in DMCC FreeZone with RadiantBiz

    Looking to start a business in DMCC? RadiantBiz is your ideal partner to assist you with a hassle-free business setup in Dubai. We are the best company setup consultant in Dubai and we ensure to make your business setup in DMCC easier than ever.

    What we can help you with? Team RadiantBiz is the ideal business partner, why? We assist you from the start, right from getting the initial approvals, business bank account in Dubai, and trade license, to visa, and office space. We will guide you throughout the process of business setup in DMCC across all industries.

    Get started now with the experts! Speak to us now.

    Frequently Asked Questions