DMCC Free Zone Company Setup

DMCC Free Zone Company Setup

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DMCC Business Setup

DMCC, or Dubai Multi Commodities Centre, is one of Dubai's leading and most prestigious free zones, located in the bustling Jumeirah Lakes Towers (JLT) district. Since its establishment in 2002, DMCC has grown exponentially and has become a key hub for global trade and business. 

Its strategic location, combined with world-class infrastructure and services, has attracted businesses from around the globe, making it a vital contributor to Dubai’s economy. What truly sets DMCC apart is its global recognition; it has been named the Global Free Zone of the Year for an impressive nine consecutive years by the Financial Times’ fDi Magazine, solidifying its reputation as the world’s premier free zone.

With more than 20,000 businesses operating in DMCC, the free zone is home to companies from a wide range of industries, including commodities trading, finance, technology, energy, precious metals, diamonds, and food & beverages, among others. This diverse mix of industries creates a vibrant business ecosystem where companies benefit from an interconnected network of services, clients, and opportunities. 

As the world’s leading free zone for commodities trading, DMCC serves as a global marketplace for the trade of gold, diamonds, tea, coffee, and other essential commodities. It offers state-of-the-art facilities such as DMCC’s Tea and Coffee Centres, the Dubai Diamond Exchange, and the Dubai Gold and Commodities Exchange (DGCX), providing businesses with the resources and platforms they need to operate efficiently.

DMCC’s strategic location within Dubai further enhances its appeal. Situated in the heart of Jumeirah Lakes Towers, DMCC provides businesses with proximity to major transport links, including Dubai International Airport and Jebel Ali Port, facilitating smooth trade and logistics operations. The zone also offers a wide range of commercial real estate options, from office spaces to retail outlets, enabling businesses to set up in a prestigious and well-connected environment.

In addition to its commercial offerings, DMCC provides comprehensive support for businesses, including one-stop-shop services for licensing, visas, and regulatory approvals. Its business-friendly policies, streamlined processes, and high standard of governance make it an ideal choice for startups, SMEs, and multinational corporations alike.

DMCC’s commitment to innovation, sustainability, and business growth is reflected in its numerous initiatives to enhance trade and enterprise. Whether it’s fostering blockchain technologies, promoting sustainable business practices, or expanding its commodities platforms, DMCC continuously seeks to remain at the forefront of global business trends.

On the whole, Dubai Multi Commodities Centre stands as one of the most influential and successful free zones in the world. Its global recognition, diverse business ecosystem, and strategic location make it a prime destination for companies looking to tap into Dubai’s thriving economy and access global markets. With its commitment to excellence, DMCC continues to drive innovation and provide businesses with a platform for long-term success.

Advantages of Business Setup in DMCC FreeZone

Full Foreign Ownership

Full Foreign Ownership

 International businesses do not require a local Emirati sponsor to be a partner to operate, maintaining 100% ownership.

Exemption from corporate tax - tax holiday of 50 years., personal income tax and import and export custom duties.

Tax Benefits

Strategic location

Strategic location

Boasts an established market and flexible connectivity to the major airports.

State-of-the-Art Infrastructure

State-of-the-Art Infrastructure

DMCC features modern office spaces, warehouses, and logistics facilities to support business operations.

Access to Financing

Access to Financing

Opportunities to connect with investors and financial institutions for funding and support.

Regulatory Framework

A well-established legal and regulatory framework that supports business operations and ensures compliance.

Robust Support Services

Provides a range of services, including administrative support, licensing, and registration assistance.

Easy and quick setup

DMCC has the most relaxed and convenient free zone business setup in Dubai.

Licenses Available in  DMCC FreeZone

Trading License: For businesses engaged in trading activities involving commodities and other goods.
Industrial License: For businesses involved in manufacturing or industrial operations.
Service License: For businesses providing professional or consultancy services.
DMCC Crypto License: For businesses operating in the cryptocurrency and blockchain space.
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DMCC FreeZone Business Setup Process

Timeline: 3 to 6 weeks

01 Initial Consultation

Meet with DMCC representatives or a business consultant to discuss your business requirements, industry type, and licensing needs.

Takes 1 to 2 days

02  Submit Application

Complete and submit the online application through the DMCC portal, providing essential details such as business type, shareholder information, and preferred company name.

Takes 1 day

03   Name Reservation

DMCC verifies and reserves the chosen company name as part of the initial application process.

Takes 1 day

04 Pre-Approval

DMCC conducts due diligence on shareholders and business activities, once verified, pre-approval is granted.

Takes 3 to 5 days

05 Document Submission

Collect and submit required documents.

Takes 3 to 5 days

06 Payment of Fees 

Pay the necessary fees associated with the business setup process, including licensing, registration, and any office space leasing costs.

Takes 1 day

07  License Issuance 

After document approval and payment, DMCC issues the business license. 

Takes 3 to 5 days

08 Lease Agreement

Sign a lease agreement for office space or a flexi-desk within DMCC properties.

Takes 3 to 5 days

09Visa Processing 

Apply for visas for employees and shareholders. 

Takes 10 to 15 days

10Bank Account Opening

Open a corporate bank account in Dubai after company incorporation.

Takes 1 to 2 weeks

Documents Required in  DMCC FreeZone

Required documents vary based on the legal structure of the business: FZE, FZCO and Branch Office.

Document Type Free Zone Establishment (FZE) (Single Shareholder) Free Zone Company (FZCO) (Multiple Shareholders) Branch Office (Of an Existing Company)
Shareholder Passport Copies Required Required Required (for branch manager and legal representative)
Business Plan Required Required Required
Proof of Trade Name Reservation Required Required Required
Memorandum of Association (MOA) Required Required Required (from parent company)
Articles of Association (AOA) Not Required Required Not Required
Board Resolution Not Required Required (if corporate shareholders) Required (from parent company)
No Objection Certificate (NOC) Required (if UAE resident) Required (if UAE resident) Not Required
Parent Company Documents Not Applicable Not Applicable Required (Certificate of Incorporation, MOA, AOA)

License Cost in  DMCC FreeZone

The cost of setting up a business in DMCC varies depending on the type of license you require, the starting price of all licenses is AED 21,000.

In addition to the license fees, other potential costs include office space, which can vary significantly based on location and size. Local sponsor fees if applicable and visa and permit costs also add to the overall expenses.

*Note the price is an estimate and will vary in reality. For an accurate cost breakdown, get in touch with our consultants.

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

01
Food and Agro
02
Cryptocurrency and Blockchain
03
Diamond and Gold
04
Sports and Wellness
05
Gaming
06
Technology
07
E-commerce
08
Aviation
09
Education
10
Finance and Banking
11
Logistics
12
Healthcare
12
Media
12
General Trade

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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

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