- Company Formation
Dubai Multi Commodities Centre (DMCC)
DMCC Free Zone or Dubai multi commodities centre popularly known as the ‘Global free zone of the year’ was established in 2002 by the government of Dubai. It’s a dynamic waterfront community with designated areas. For any Business Setup in DMCC or business operations in Jumeirah Lakes Towers, DMCC authority is the licensing authority. So, therefore businesses in DMCC Free Zone benefits from a free zone status making it a mixed use free zone free hold development in Dubai. DMCC offers attractive residential and office towers with leisure hotels and retail outlets. It has a total of 79 towers, out of which 3 towers are developed by DMCC. The towers are known as Almas, AU, and AG towers. Almas tower is situated on the island in the centre of the community, mostly recognized as the focal point of development. The tower houses the popular Dubai Diamond Exchange as well as the DMCC member businesses in diamond, gold, energy, and commodities industries.
DMCC Free Zone Office and License Requirements
Licensee must hold a valid DMCC office lease or he/she should be the registered owner of freehold office space within DMCC. They should hold a valid license issued by DMCCA in order to operate in the Dubai multi commodities centre. Licensees should renew their license within the given time frame set by the concerned DMCCA department.
Freezone Locations
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RAKEZ
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DMCC
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DIFC Free Zone
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Sharjah Media City
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Masdar City Free Zone
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SRTIP Free Zone
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Ajman Media City
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Sharjah Publishing City
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DWTC
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JAFZA
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IFZA DSO
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SAIF Zone
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Fujairah Creative City
- How it works
Requirements to Qualify and Maintain a Business License in DMCC Free Zone
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Have a valid lease for office space or be the registered owner of the freehold office space within DMCC. It must have the operational premises within the DMCC center.
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Conform to any applicable federal and/or municipal legislation
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Conform to the Operating Regulations as well as all other applicable DMCCA directives
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DMCC offers licenses that shall be valid for one year from the date of issuance and may be renewed annually provided that the Licensee either holds a valid lease for office space within the DMCC from which it operates or is the registered owner of freehold office space within the DMCC from which it operates;
Benefits of Company Formation in IFZA
Accessible and Strategic Location in Dubai Providing World-Class Access to Global Markets
Convenient Access to all Free Zone Business Formation and Administrative Services
Business License Assured
Commercial, Professional, and Industrial Activities under single IFZA Business License
Competitive General Trading License Available
Transparent and Competitive Pricing
Setup IFZA Company with Fast and Efficient Company Incorporation Procedures
Physical Presence of Business Owner(s) Not Required During Company Incorporation
No Need of Paid-Up Share Capital
- How it works
Key Features of Business Setup and Licensing in DMCC Free Zone
A DMCC Company is a limited liability company wherein the shares can be held either by a single or multiple shareholders. The shareholder/s can be either individual/s or corporate entities.
The minimum share capital required for forming a Dubai multi commodities centre (DMCC) company would be AED 50,000/- (AED 10,000 per shareholder) for Specific Trading or Service License and AED 1,000,000 for General Trading License. The value of each share is AED 1,000 or multiples thereof. The capital contributed for the DMCC Company can be utilized in the operations of the company. In case of branch of a local or foreign company, no initial share capital is required. Special rules and regulations are applicable for DMCC companies.
The DMCC Company needs to appoint minimum one Director, a Manager, a Secretary and a Negotiator. The Director, Manager, Secretary and Negotiator can be the same the person.
The manager will be required to be on the residence visa of the company under the sponsorship of the Free Zone Authority. To validate the visa, the Manager, would be required to enter the country at least once in six months. In case the Manager is already having a UAE visa, an NOC from the present sponsor has to be submitted.
DMCC offers 100% foreign ownership
100% tax exemption
50 years tax holiday
Full repatriation of capital & profits
Extended leases and option to either lease the premises or to have it as Freehold ownership
We Work Closely With All Government Agencies
We’re always on the same page with government agencies, working together to get the job done!
Frequently Asked Questions About Emna Capital
Here are some common questions we receive about our financial solutions
The UAE allows you to set up your business in the free zone, offshore or Business setup in mainland requires a local sponsor and the license is issued by DED. Free zone companies can operate within a limited geographical region and the license is issued by particular free zone authority.
Offshore businesses in UAE allow your company to trade outside UAE as well as take efforts to safeguard your wealth and assets. Offshore companies get a certificate of incorporation and not a trade license. All types of companies can be started in UAE and more than a thousand activities are allowed by the Economic Department.
If you want to renew your Dubai commercial license, the applicant should submit the DED registered certificate with the necessary approval from the Ministry of Economy and National Media Company. If you want to renew your Dubai trade license, then you should submit a valid Ejari certificate and other lease contracts.
Emna Capital supports entrepreneurs in obtaining their business license in Dubai and timely renewal of the same.
UAE is a perfectly located biggest market of the world. It serves as a perfect destination to invest in different kinds of business. The business owners are free from taxes and they can expect exceptional logistics in all the emirates. You don’t have any capital restrictions while starting your business. Financial freedom is an attractive point that brings in employees from foreign districts.
UAE has mind-blowing business opportunities; business setup Consultant in UAE can guide you through the entire company formation process!
Being a trustworthy and professional business consultant, we ensure fast and reliable business setup in free zones. Usually, it takes around 3 to 10 days to setup your free zone company; it may differ according to the selected free zone. We make sure that all your documents are legal and concerned authorities have attested them.
If you’re not consulting a business consultant, it will take up to few weeks and it’s becomes difficult to clear all the legal procedures. So, consider Emna Capital for your free zone business setup!
To establish your LLC Company in Dubai mainland or anywhere else in UAE, you have to reserve a trade name and other necessary preliminary approvals from concerned authorities. You get an MOA from the company and also, submit the lease contract to the licensing authority. Also, find a local partner and rented office space to start your business.
This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a Limited Liability Partnership, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.
You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.
A physical presence is mandatory for companies established on the mainland and in free zones. However, an offshore company is not permitted to lease office space in the UAE.
The good news is that there is affordable office space for everyone. If you want to keep your initial costs down, you could look at renting an office or any number of dedicated desks in a co-working space on the mainland. These are all fully furnished and ready to move in. In a free zone, you need to rent at least a desk in a shared office space. The added advantage is the some free zones allow you rent a flexi-desk, that is a desk you will be using for say, ten hours in a week. You still get your dedicated PO Box so that you have a unique address.
To identify the best business setup consultants in Dubai, look for the following parameters:
Expertise: Professionals and industry experts can customize your experience according to your requirements.
Local Knowledge: Consultants who have worked with the local rules and regulations and made businesses thrive are the best to go after for your needs.
Quick & Effective: Fast setup with effective and comprehensive solutions make the process hassle-free.
Emna Capital is a superbrand known for the three parameters.