DMCC Company Formation
DMCC Company Formation
Why Choose IMC for DMCC Company Formation?
Do your Registration from Anywhere
We are here to assist you with any queries and do the documentation for you
Streamlined and Simplified Processes
We’ve simplified and streamlined all the processes for you to make it quick and simple to get your company started
Transparent Pricing Model
We do not burden you with any hidden fees. There’s just one cost to get you up and running.
Dedicated Support
You can always get help and advice, our GRC tool helps us track deadlines.
Law and Regulatory Framework, About Mainland & Free Zone Business Activities, Taxation, Auditor and Accountants.
How IMC Can Help You Register a Business in DMCC, Free Zone in Dubai?
Dubai Multi Commodities Centre – DMCC Freezone
The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Dubai government created to establish a commodity market place in Dubai. It is rated ‘A’ by Standard & Poor’s. It provides industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & colored stones, energy and other commodities industries.
DMCC was the first UAE free zone authority to offer freehold business premises which comprises
- A 50-year holiday on personal and income taxes.
- Full foreign ownership of business.
- A one-stop shop facility for processing of all documentation including immigration and licensing needs.
Objectives of DMCC Freezone Company Formation
- Creation of a dedicated market place in Dubai.
- Increase the value and volume of commodities traded in and through the region.
- Facilitation and integration of the entire value chain of its key segments.
- Broaden the local market horizon e.g. Refining – Manufacturing – Trade.
- Create industry specific market infrastructure for its core segments, innovate new products and services.
- Provide a supportive business environment through purpose-built infrastructure.
- Promote regional industry growth.
- Enhance local industry through implementation of international standards.
Features of DMCC Freezone Company Setup
- Unique World wide centre Industry Clustering.
- 100% Business Ownership.
- Purpose built infrastructure.
- Ability to purchase premises.
- World class security systems.
- Single Window Clearances (incl. Licensing, Immigration, etc).
- Preferential freight rates.
- Guaranteed 50 year tax holiday on personal and income taxes.
- Regulated environment.
- No foreign exchange controls or barriers to entry.
- No restrictions on capital repatriation.
Types of Licenses For DMCC Company Registration
- DMCC License (commodity related only).
- JLT License (non-commodity related).
- Final Audit
- Newspaper announcements of the business closing.
- Account closure for the bank
- Ending of the lease
- Visa Cancellation
- Renewal of the license.
- The duration can range from two to five months at times. The estimated 10,000 AED in government fees. In most cases, DMCC business setup specialists can also handle the liquidation.
- Trade License Renewal and License Modification/Cancellation
- Assistance in opening a bank account
- Issuing Transferring, and Distributing Shares
- Reports on audits and business consulting services
- Workmen Paid time off and employee visa
- Insurance Coverage for Third Parties and Other Documentation
- Renewal of an Establishment Card
- Employment Permit Renewal
- Renewal of the Ejari/Lease Agreement
The Dubai Multi Commodities Centre is one of the best freezones in Dubai. Unlike other Dubai Free Zones, DMCC has a lot of potential and opportunity for retail and commerce sectors. The DMCC freezone is the gateway to global trade and an exclusive spot to expose your business.
DMCC has won the ‘Global Free Zone of the Year’ award from the Financial Times FDI magazine for four consecutive years. It is one of the highest-regarded free zones in the region, and it is conveniently located in the heart of Dubai’s Jumeirah Lakes Towers district. It offers freehold options, making it a great choice for businesses operating in either the financial or commodities sector.
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