Business Setup in Dubai

Set Up Your Company in
Dubai Multi Commodities Centre (DMCC)

Established in 2002, the Dubai Multi Commodities Center (DMCC) is among Dubai’s largest free zones and trade hubs, offering a conducive business environment with various support services like trade finance, market intelligence, and networking opportunities. With over 15,000 global companies, DMCC is recognized for its business-friendly policies and dedication to supporting startups, SMEs, and the commodities sector. Over the years, it has evolved into one of the UAE’s most vibrant free zones, serving as a beacon of success in the region.

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Advantages of Setting Up Your Business in DMCC

Starting a business in DMCC offers the chance to be part of a globally recognized free zone center. In 2022, DMCC was named Global Free Zone of the Year for the eighth consecutive year by fDi Magazine.

Business Setup in Dubai

Access to Global Market

DMCC, situated in central Dubai near airports and seaports, offers access to a diverse population, with 90% being expats. It provides efficient immigration services, including visa support.

Business Setup in Dubai

One-Stop Shop

DMCC provides comprehensive business solutions, including access to global markets, secure storage, trading services, legal and financial advice, and efficient logistics. It offers a member online portal for swift assistance.

Business Setup in Dubai

Tax and Financial Benefits

Foreign companies enjoy full ownership rights, unrestricted capital repatriation, and currency flexibility, with no personal income tax. VAT stands at 5%, while corporate tax is a modest 9% if applicable.

Cost of Starting a Business in DMCC

The costs associated with starting a business in DMCC depend on variables such as the number of required visas and office space rental.

Firmz offers a business package beginning at AED 23,000, inclusive of:

  • Business License and Office Space
  • Flexibility to conduct business within the jurisdiction
  • Dedicated Account Management Team
  • Interest free monthly installment plan of AED 3,250 (RAKBANK, Dubai Islamic Bank, Mashreq, and Emirates NBD)
  • Crypto accepted payment
Receive a cost estimate for your business now!
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Explore Monthly Payment Plans with Selected Banks

Transform your transactions into convenient and budget-friendly monthly installments through our chosen array of banking partners. Simply make a minimum credit card expenditure of AED 1,000 from any of our participating banks and repay in manageable installments spanning 12 months.

Steps

  • Make a minimum purchase of AED 1,000 using your credit card for any services provided by Firmz.
  • Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
  • Get the option of paying over 3, 6, 9 or 12 months
*General terms and conditions from the banks will be applicable.

Types of Licenses Offered in DMCC

Virtually all business activities are permissible within the free zone. Typically, DMCC offers three types of licenses:

Trading License

This license is for companies that buy, sell, import, and export goods from, to, and within the UAE.

Industrial License

This license is for companies that conduct light manufacturing in dedicated facilities within DMCC.

Service License

This license is for companies that provide services in the professional, legal, financial, media, technology, education, energy, and healthcare sectors.

Documents for DMCC Company Setup

*Required for a subsidiary setup
  • Online pre-approval application form
  • Proof of residential address in country of residence (A utility bill or bank statement)
  • Business profile
  • Third-party approvals for specific regulated business activities
  • Copy of your passport (Along with your UAE residence visa and a copy of your Emirates’ ID, if applicable)
  • Business plan (depends on activities)
  • Details of an office address in DMCC free zone (JLT)
  • Copies of parent company documents if it’s a branch company formation. (Required after the company has been registered)
  • Power of Attorney for Manager, Secretary, Director, Specimen Signature
  • No Objection Certificate (NOC) from the current sponsor if you already have a residence visa

Business Structures in DMCC

Here are the available legal company structures you can select to establish your company in DMCC:

Joint Venture

A joint venture is a company owned by a combination of individuals or multiple companies.

Individual

Owned by one or multiple natural persons as shareholders.

Subsidiary

A subsidiary is fully owned by a "parent" company, conducting distinct business activities and potentially operating under a different name.

Branch Company

A branch company, typically set up in DMCC, is an extension of its parent company, leveraging the free zone's benefits.

Limited Liability

An LLC is a distinct entity from its shareholders, limiting their liability to unpaid share capital.

Steps in Setting Up Your Business in DMCC

Establishing a company in DMCC typically requires 2-4 weeks, varying based on your business activity.

01.

Choose your business activities

Incorporating your business in DMCC starts with outlining your activities to determine your trade license type.

02.

Apply online

Complete and submit your application form accurately online. DMCC will handle company name reservation, management, and compliance approval.

03.

Pay, sign & submit the relevant documents

Upon submitting your initial application, proceed to pay the registration and license fees, and sign the legal documents. 

04.

Choose the most suitable office space

Choose an office space to accommodate your staff. Firmz assists in selecting the ideal and accessible location for your company.

05.

Secure your visas

The next vital step is to obtain DMCC visas for your team to commence operations. We're here to assist with documentation and applications.