Set Up Your Company in Dubai Multi Commodities Centre

The Dubai Multi Commodities Center (DMCC) is one of the largest free zone and trade hubs in Dubai, United Arab Emirates. Established in 2002, DMCC offers a conducive business environment that comes with a wide range of support services for companies, such as access to trade finance, market intelligence, and networking opportunities.

Over the years, DMCC has cemented its position as one of the most successful free zones in the UAE, attracting over 15,000 companies from across the world. DMCC is known for its pro-business policies and support for startups, SMEs, and the commodities sector.

Advantages of Setting Up Your Business in DMCC

Starting a business in DMCC allows you to operate in a multi-awarded free zone centre. In 2022, DMCC was recognized as the Global Free Zone of the Year by the fDi Magazine for the 8th consecutive year.

Here are the following benefits of incorporating a business in DMCC.

Access to Global Market

DMCC is located in the heart of Dubai, with close proximity to airports, and seaports. Dubai is home to many expats. In fact, about 90% of the city’s population is composed of foreigners, giving you the opportunity to conduct business with multinationals. Effective immigration services, including visa support.

One-Stop Shop

DMCC is a one-stop shop for all business needs. It offers facilities and access to a world-class market, secure storage, trading and research services, world-class legal and financial advice firms, and an unrivaled logistics and transportation system. With its diverse range of services and facilities, DMCC provides a member online portal to ensure a rapid response to any requests.

Tax and Financial Benefits

100% foreign company ownership No restrictions on capital repatriation No currency restrictions No personal income tax A 5% standard VAT rate Only 9% corporate income tax (if applicable)

Explore Monthly Payment Plans with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued by any of our participating banks and repay in easy instalments over a period of 12 months.

Steps

Make a minimum purchase of AED 1,000 using your credit card for any services provided by Rapid Zone.

 

Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.

 

Get the option of paying over 3, 6, 9 or 12 months

*General terms and conditions from the banks will be applicable.

Types of Licenses Offered in DMCC

Almost every type of business activity is permitted within the free zone.
Generally, these are the three types of licenses offered in DMCC:

Trading License

This license is for companies that buy, sell, import, and export goods from, to, and within the UAE.

Industrial License

This license is for companies that conduct light manufacturing in dedicated facilities within DMCC.

Service License

This license is for companies that provide services in the professional, legal, financial, media...

Steps in Setting Up Your Business in in DMCC

The company setup process in DMCC usually takes around 2-4 weeks, depending on your business activity.

The first thing to do in incorporating your business in DMCC is to outline your business activities to evaluate what type of trade license you will get.

Fill out your application form correctly and submit it online. DMCC will complete the company name reservation, management, and compliance approval.

After submission of your initial application, you can now pay for the registration and license fees and sign the legal documents.

You will be then granted by DMCC a provisional approval and bank letter to open a company bank account.

Select an office space that can accommodate your staff. Creative Zone can help you in selecting the most suitable and accessible location for your company.

The next crucial step will be to secure DMCC visas for your team, so you can begin your operations. We will be happy to assist you with the needed documents and the application process.