Dubai Multi Commodities Centre Freezone DMCC
This is the best place to develop a business community that helps entrepreneurs and investors to create a good working environment.
Put simply, we’re here to help push your compelling business ideas into reality.
With our experience in starting a number of businesses in different business sectors. Whether you are interested in developing in the market for diamonds, gemstones, tea, pearls, the creative industries, real estate, services, or the technology sector, we have put together a series of helpful start-ups that each individual deserves.
In the United Arab of Emirates, there is a free trade zone that is very well known in the market and is related to the above activities; the Dubai Multi Commodities Centre DMCC Freezone.
This Dubai Multi Commodities Centre is one of the fast; growing Freezone and the largest free zone in the UAE with more than 16,000 registered companies.
As an integrated free zone for gold and precious metals, Dubai Multi Commodities Centre DMCC Freezone serves as an open platform for transaction business and building strategic partnerships with leading management products trading and progressive companies in Jumeirah Lake Towers.
Moreover, this is the best place to develop a business community that helps entrepreneurs and investors to create a good working environment.
Why choose DMCC for your Freezone Company?
Dubai Multi Commodities Centre DMCC Freezone has everything to establish your business. This free zone area serves as a rich and stable business area in the industry, especially in the field of diamonds, gems, pearls, and other commodity markets.
Setting up in this area helps entrepreneurs and investors to develop and construct their businesses to fulfill a wide range of targets in the market.
In addition, there are various types of licenses in the DMCC, including commercial, service, industrial, trading, and branch companies.
And did you know that DMCC freezone, the world’s flagship Freezone and Government of Dubai Authority on commodities trade and enterprise has been crowned ‘Global Free Zone of the Year’ for a record of six consecutive years by FDI Magazine. It was also named ‘Middle East Freezone of the year.
This is because everyone can find a vibrant community, innovative infrastructure, world-class services, and an attractive choice of real estate, all within minutes of excellent air, sea, and road links to the world
DMCC Freezone was the Dubai government’s strategic initiative to create a marketplace and the necessary physical and financial infrastructure for a thriving commodities market.
Advantages of setting up a business in DMCC Freezone:
- 100% Foreign Ownership of the company
- Entitlement to a tax residency certificate
- No tax information exchange agreement with any country
- Full repatriation of capital
- Increase in the value and volume of goods traded in and through the region
- Promotion of local industry through the adoption of international standards
- Three-year DMCC company license with a discount on incorporation fees
- Company stamp and a commemorative certificate
- 0% corporate and personal tax for 50 years
What are the related activities that usually cater to DMCC Freezone?
- Commodities
- Gold
- Diamond
- Pearl
- Tea
- Cotton
- Metals
- Minerals
What are the DMCC Freezone Business setup requirements:
It takes between 2 to 4 weeks to set up a DMCC Company, depending on the business activity.
A personal visit by the shareholder is required to sign the legal documents of the company at the offices of the authorities.
Company incorporation in the DMCC involves the deposit of share capital in the company’s bank account. The free zone allows 60 days after licensing for this procedure. The minimum share capital is AED 50,000.
Documents required for company incorporation in the DMCC include:
- Copy of passport
- Utility bill
- CV
- Business plan for certain activities
After registration, there are still some formalities to be completed:
There are quite a few post-registration formalities to be done:
- Demonstration of share capital to DMCC authority
- Appointment of auditors
- Stamping shares certificates
- Conducting an office inspection if you have rented an office.
The free zone holds special promotions a couple of times a year where it gives substantial discounts for setting up DMCC Freezone Companies
Why do you have to consult Dahhan Business Services for your business setup?
By working with us, you will get to know how smoothly we handle all your business needs to fulfill your dream. It can be said, you will get your entire problem’s solution under one roof. Dahhan Business Services is the most reliable business services company; we maintain a high level of confidentiality while handling our client’s file containing personal and professional data. Our top-class hassle-free services can be availed at a reasonable price with a facility of “free collection and delivery” of your documents at your doorstep.
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