DMCC Free Zone Setup

About

About Dubai Multi Commodities Centre (DMCC)

Dubai Multi Commodities Centre or DMCC is a free zone situated in Dubai that was set up with the objective of facilitating and enhancing trade of international commodities. The free zone allows trade of various goods and commodities including precious metals, foods, and industrial products. Due to the ease of doing business at DMCC, various big corporations and start ups have already made DMCC their operational playground. As a result of this, companies that choose to do business at DMCC get the exposure and the opportunity to engage with more than eighteen thousand (18,000) companies that are already operational at DMCC.

A few more benefits of setting up a company at DMCC include:

• 100 % ownership.
• 100% repatriation of capital and profits.
• Quick registration — company is incorporated within seven to ten (7 – 10) working days after submission of documents to the free zone.
• The incorporation process is simple and streamlined.
• Own your business without the need for a local partner.
• 0% interest on personal and corporate income.
• Shareholders are not required to visit UAE to incorporate the company.
• Company incorporation is done on minimal documentation.
• Network with already existing businesses at DMCC.
• DMCC hosts training sessions for the staff of the companies incorporated at the free zone.
• Secured licenses that permit various company activities.
• DMCC offers multiple office options that can be customised for each company.
• DMCC allows you to live at the free zone.

Licences & companies

Types of DMCC Licenses and Companies

A license to operate can only be issued to a company for an activity that is permitted by the Dubai Multi Commodities Centre. DMCC allows companies to carry out close to nine hundred (900) activities. All the permitted business activities can be put under the following three license types:

Up to six (6) activities can be combined and carried out on each license type. Beyond this, additional activities can be added but at the payment of additional fees per activity. Depending on the nature of activities, some activities may require external third-party approvals.

The following company types can be incorporated at the Dubai Multi Commodities Centre:

In focus

DMCC — A Free Zone that Specialises in Trading

Many free zones operate with the objective of specialising in one area or activity, because it is difficult to grow when trying to manage and learn multiple things at once. A number of UAE free zones distinguish themselves by the main activity they seek to promote — Dubai Media City and Sharjah Media City focus on media activities, while Dubai Health Care City focuses on medical and health care facilities. These free zones do not permit only one kind of activity; they provide multiple activities and focus on a few, with the additional activities normally supporting the ones the free zone wishes to champion.

While many UAE free zones focus on services and consultancy, one free zone in Dubai has ridden against the tide by specialising in commercial activities — and in doing so has beaten everyone at their own game. The Dubai Multi Commodities Centre focuses on trading of a wide range of commodities, from precious metals to teas. It is safe to say that DMCC permits trading of all kinds of goods and commodities.

So, if you wish to set up a booming trade business in Dubai then the Dubai Multi Commodities Centre Free Zone is a natural choice. Here are the reasons why you should set up your next business at the DMCC:

1. LocationThe backbone of any trading business is location of the set up. The location determines connectivity through roads, ports, carriage ways and air ways. The Dubai Multi Commodities Centre is located in the heart of Dubai. Dubai city is well connected to other towns and cities in UAE, as well as to the rest of the world. The city finds itself in the middle of the state-of-the-art highways and port ways, which makes it easier to ship and receive goods. Dubai has two international airports namely the Dubai International Airport and the Al Maktoum International Airport, which provides easy access to two thirds of the world's population by a direct eight (8) hour flight. So, if you set up a trading business in Dubai, then the world is your oyster (and customer).
2. Focused and expansiveWhile we do feel that DMCC is made for trade, there are other license types that are offered by the free zone. Dubai Multi Commodities Centre offers services and industrial licenses wherein a host of activities can be carried out. The free zone has made sure that it provides an operating infrastructure for its services and industrial companies that is equally at par with its trading infrastructure.
3. Business growthDMCC provides a huge amount of exposure to each company that is set up with it. This is done in a two-fold manner that aims to facilitate networking and training. Talking about networking first, the concept is simple: the people you meet are your potential audience. This audience can either be your potential customers or they can be somebody who can help you in your business. DMCC currently is home to more than eighteen thousand (18,000) registered companies that employ over one hundred thousand (100,000) employees. The massive exchange of information and ideas within this network will only lead to the growth of your Dubai Multi Commodities Centre company.
   
   Further, to better educate businesses, the DMCC holds monthly educational events and workshops that help investors and employees better run their businesses. DMCC has introduced a knowledge series program that gives valuable insights to constructing a successful business at the free zone. The perfect blend of networking and training at DMCC is designed to benefit your business.
4. OwnershipThe general misconception regarding company set up in UAE is that a foreign investor has to partner with a UAE national to incorporate a company. Even then, the UAE national will own the majority stake in the company, whereas the foreigner can only own up to 49% shares of the company. This requirement does not apply when you set up a company in a free zone such as the DMCC. Non-UAE nationals can own 100 % shares of a Dubai Multi Commodities Centre company, without having to partner with a UAE national. This gives complete autonomy to foreigners over the operations and investment of their company.
5. Tax exemptionsThere are some countries in the world that do not levy taxes and the UAE is one of them. There is no personal or corporate tax in the UAE on free zone company profits that meet the qualifying conditions. This means that the same company owner operating under similar circumstances will make more profits in the UAE when compared to other parts of the world, simply because there are no deductions.
6. Property solutionsDubai Multi Commodities Centre gives to its companies various property solutions for office spaces. Companies can select a flexi desk or a standard office for an office space while incorporating their company. The companies also have the option of purchasing and leasing office space. These office options are flexible and customizable and fit the needs of every business, big or small.
   
   DMCC is one of the few free zones where you can both live and work. DMCC offers various residential options spaced across sixty-eight (68) towers located at Jumeirah. These options range in terms of both space and style. Business owners and their families can live and enjoy in the uptown district of Dubai.

If you are convinced that the DMCC is the right free zone for your business, contact us or leave an enquiry. SKY Corporate Services offers simple company formation solutions that are quick, straightforward, and custom fit for each business.