Dubai Multi Commodities Centre

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The Dubai Multi Commodities Centre (DMCC) is one of the leading free zones in the UAE, known for its business-friendly environment, excellent infrastructure, and focus on commodities, trade, and services.

Steps to Form a Company in DMCC

1 .    Choose a Business Activity :

  • DMCC offers over 600 business activities, including trading, manufacturing, services, and commodities trading.
  • Ensure your desired activity aligns with DMCC’s approved list.

    • 2 .    Select a Legal Structure:

  • Free Zone Establishment (FZE): Single shareholder.
  • Free Zone Company (FZC): Multiple shareholders.
  • Branch Office: Branch of an existing local or foreign company.

    • 3 .    Register a Trade Name:

  • Choose a unique name for your company that complies with DMCC’s naming guidelines.

    • 4 .    Submit Initial Application:

  • Apply through DMCC’s online portal. Provide basic details, including business activity, shareholder information, and company name.

    • 5 .   Submit Required Documentation:

  • Commonly required documents:
  • Passport copies of shareholders and directors.
  • Proof of residential address (e.g., utility bill).
  • No Objection Certificate (NOC) if the shareholder is a UAE resident.
  • Business plan (for specific activities).

    • 6 .    Office Space Requirement:

  • Choose from DMCC’s wide range of office solutions:
  • Flexi desk (shared workspace).
  • Private office space.
  • Custom-built commercial facilities.

    • 7 .    Sign Legal Documents:

  • Sign Articles of Association (AOA) and Memorandum of Association (MOA) as part of the incorporation process.

    • 8 .    Capital Deposit:

  • DMCC requires a minimum share capital of AED 50,000, which must be deposited into the company’s UAE bank account after registration.

    • 9 .    Obtain Business License:

  • DMCC will issue your business license once all formalities are complete.

    • 10 .    Apply for Visas:

  • Based on the size of your office, you can apply for employee, investor, and dependent visas.

    • 11 .    Open a Corporate Bank Account:

  • Use the company documents to open a bank account with a UAE bank.

    • Advantages of Setting Up a Company in DMCC

    • 100% Foreign Ownership: Complete ownership without requiring a local Emirati sponsor.
    • Tax Benefits: 0% corporate tax and personal income tax.
      Exemption from import/export duties.
    • Strategic Location: Located in the heart of Dubai, offering excellent connectivity to global markets via airports and seaports.
    • World-Class Infrastructure: Access to state-of-the-art office spaces, warehousing, and logistics facilities.
    • Commodities and Trade Hub: Ideal for companies dealing in commodities such as gold, diamonds, tea, coffee, and oil.
      Home to DMCC Tradeflow and the Dubai Gold and Commodities Exchange (DGCX).
    • Ease of Doing Business: Simplified registration process with an efficient online application portal.
    • Flexible Office Options: Wide range of workspace options, from flexi desks to large offices.
    • Global Reputation: DMCC has been named the “Global Free Zone of the Year” by the Financial Times’ fDi Magazine multiple times.
    • Access to Networking Opportunities: A vibrant community of over 23,000 businesses provides collaboration and networking opportunities.
    • Repatriation of Profits and Capital: 100% repatriation of profits and capital without restrictions.
    • Visas and Residency Permits: Investor and employee visa options with no restrictions on the number of visas (dependent on office size).
    • No Restriction on Currency: Freedom to transact in multiple currencies with no exchange restrictions.
    • Commodities-Specific Services: Specialized services such as secure storage, trade facilitation, and dispute resolution for commodity businesses.
    • Tailored Licensing Options: DMCC provides licenses for various sectors, including:
      Trading License: For import, export, and distribution of goods.
      Service License: For professional services and consultancy.
      Industrial License: For light manufacturing and assembly.
    • Global Market Access: Proximity to key trade routes ensures seamless import/export operations.

    Popular Business Activities in DMCC

    1. Commodities Trading: Gold, diamonds, tea, coffee, and oil.
    2. E-commerce: Online retail and wholesale businesses.
    3. Consultancy: Professional and management advisory services.
    4. Technology: IT, software development, and fintech services.
    5. Logistics and Supply Chain: Warehousing and distribution.
    6. Retail and Wholesale: Import/export and distribution of consumer goods.

    Why DMCC is an Ideal Choice:

    DMCC combines flexibility, business opportunities, and strategic advantages, making it a top destination for companies aiming to establish themselves in Dubai and access global markets efficiently.

    Are you ready to grow your business?

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    info@adroitconsultants.in
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