DMCC Dubai Multi Commodities Centre

The Dubai Multi-Commodities Centre, located in Dubai's JLT neighbourhood, is the world's largest free zone trading authority.
It's a worldwide commodities trading hub that's best recognized for issuing licenses.

For the next fifty years, all companies established in the DMCC are subject to a 0% corporate and personal tax rate. There is no restriction for UAE national shareholding and 100% foreign ownership is permitted. The DMCC features a straightforward set-up process, as well as aid with employee sponsorship and many other UAE government-related services, as well as a one-stop shop. Clearance between the windows. It is the world's largest free zone, and it is conveniently located. It is centrally positioned in Dubai, with great road and metro access.

The DMCC setup procedure is thorough and comprehensive.
Step 1: Submit the paperwork for name and activity pre-approval
Step 2: KYC documentation must be submitted for due diligence checks.
Step 3: Sign the Memorandum of Association
Step 4: Lease a physical location
Step 5: Obtaining a permit
Step 6: Opening a bank account in the company's name and.
Step 7: Deposit and capitalize the share shares

Yes, enterprises based in the DMCC are allowed to import items. Only commodities that belong to the licensed activity can be imported by the DMCC company, which must have a trade license.

The company will need to apply for an import/export code with Dubai Customs.

The corporate structures listed below are available:
1. Corporations with a limited liability
2. Corporations with branches, and
3. Local and foreign corporations' subsidiaries
The type of corporate structure chosen would be determined by the business's needs and shareholding. Tax factors would also influence the selection; for example, in some jurisdictions, branch company income is combined with that of the parent, making them less tax-efficient than subsidiaries.

There are mainly three types of visas issued by DMCC. These are
1. Employment Visa
2. Dependents Visa
3. Students Visa

For an extra cost, members can apply for Priority Services for the following applications. Charges can be found in the Schedule of Charges. You may also check with your Business Consultant for more information.

Step 1. Submit the necessary documents and payment to start.
Step 2. The electronic visa will be issued.
Step 3. Change status (in the case of within the UAE application) or you may need to arrive in the UAE.
Step 4. Medical Test
Step 5. Obtain health insurance. It is mandatory for your visa approval.
Step 6. Your visa is for approval.
Step 7. Emirates ID Biometrics and Photo Capturing. You have to come based on the schedule indicated on your Emirates ID application. If you wish to come prior to your schedule, an extra charge will be applicable.
Step 8. Emirates ID will be issued.

No, according to the DMCC's rules, office space must be located within the DMCC Free Zone in Jumeirah Lakes Towers (JLT). The DMCC provides a variety of office alternatives, from traditional office space to flexible office options including Service Offices and Flexi Desks.

The types of office space provided by DMC are
1. Flexi Desk
2. Serviced Office
3. Service Desk
4. Co-working Space
5. Retail Space (shop) for lease
6. Retail Space (snap) for sale

On the initial application, you can list three desired company names. DMCC will make every effort to get the first name choice and ensure that no other companies have the same or a name that is similar enough to be discernible. Please be aware that there are some words that are not permitted to be used, as stated on the application.

For branch companies incorporated in DMCC, a suffix “DMCC Branch” must be added after the parent company name.

You can have up to 6 activities for as long as they are in the same group. Additional activity can be added with an extra charge.

No, activities that are from different categories will require a separate license.

A minimum of AED 50,000 paid-up capital is required to set up a company in DMCC. The share capital must be deposited in the company’s bank account within 6 months of the license issued date and can be withdrawn after.

Office requirements depend on the size of the company and the type of activity. DMCC provides a wide range of property choices within JLT such as Flexi desks, co-working spaces, core & shell and fitted offices, retail and warehouses.