How to Set Up a Company in Dubai Multi Commodities Centre (DMCC)

Starting a business in Dubai can be exciting but challenging. The Dubai Multi Commodities Centre (DMCC) is a popular choice for many entrepreneurs. This guide will help you understand how to set up your company in DMCC, the costs involved, and the steps you need to take.

Why Choose DMCC for Your Business?

DMCC is a world-class free zone that offers several benefits:

  • Strategic Location: Located in Jumeirah Lakes Towers (JLT), it’s in the heart of Dubai.
  • Business-Friendly Environment: DMCC provides easy business setup processes and world-class infrastructure.
  • Tax Benefits: Enjoy zero corporate and personal income tax.
  • Flexible Options: Choose from various business activities and license types.

Steps to Set Up a Company in DMCC

Step 1: Determine Your Business Activity

First, you need to decide what type of business you want to start. DMCC offers a wide range of business activities, including trading, services, and industrial activities.

Step 2: Choose a Company Name

Pick a name for your company. Make sure it follows DMCC’s naming guidelines, which include avoiding offensive language and abbreviations.

Step 3: Submit Your Application

Fill out the application form on the DMCC portal. You will need to provide details about your business activities, company structure, and shareholders.

H3: Step 4: Submit Required Documents

You will need several documents, such as:

  • Passport copies of shareholders and directors.
  • Proof of address for all shareholders and directors.
  • Business plan outlining your business activities and goals.

Step 5: Pay the Fees

There are several fees associated with setting up a company in DMCC, including registration, licensing, and visa fees. These can range from AED 20,000 to AED 50,000 depending on your business type and size.

Step 6: Sign and Submit Legal Documents

After your application is reviewed, you will need to sign and submit legal documents like the Memorandum and Articles of Association (MAA).

Step 7: Lease Office Space

You will need to lease office space in one of the DMCC-approved buildings. The size and cost of the office will depend on your business needs.

Step 8: Get Your Business License

Once all documents are submitted and fees are paid, DMCC will issue your business license. This allows you to start operating your business legally.

DMCC

Costs Involved in Setting Up a Company in DMCC

Registration Fee

The registration fee for a new company in DMCC ranges from AED 10,000 to AED 20,000.

Licensing Fee

The annual licensing fee depends on the type of business activity and ranges from AED 10,000 to AED 30,000.

Office Space Rent

Office rent in DMCC can vary greatly, from AED 25,000 to AED 200,000 per year, depending on the size and location.

Visa Fees

Each visa costs approximately AED 3,000 to AED 5,000, including medical tests and Emirates ID.

Benefits of Setting Up in DMCC

  • 100% Ownership: Foreign entrepreneurs can own 100% of their business.
  • Full Repatriation: You can repatriate all profits and capital.
  • No Import or Export Duty: Save on costs related to trading goods.

Conclusion

Setting up a business in DMCC offers many advantages, from tax benefits to strategic location. While the process can seem daunting, BizDaddy is here to help. We can guide you through every step, ensuring a smooth and efficient setup process. With our expertise, you can focus on growing your business and achieving your goals.

Top 5 FAQs about Setting Up a Company in DMCC

1. What is the processing time for setting up a company in DMCC?

The processing time usually takes 2 to 4 weeks, depending on the completeness of your application and the type of business activity.

2. Can I have a virtual office in DMCC?

No, DMCC requires businesses to have a physical office space in one of their approved buildings.

3. Is it possible to change my business activity after registration?

Yes, you can change your business activity, but you will need to get approval from DMCC and possibly pay additional fees.

4. How many visas can I get with my DMCC license?

The number of visas you can get depends on the size of your office space. Generally, one visa is allowed per 10 square meters of office space.

5. Are there any restrictions on business activities in DMCC?

Most business activities are allowed in DMCC, but some may require special approvals or additional licenses.