Multi Commodities Centre Free Zone (DMCC) is the largest free zone in Dubai and it was founded by the government in 2002 with the purpose of providing a trade corridor for diamonds and stones, jewelry and energy commodities through Dubai. Dubai DMCC encompasses today more than 15,000 companies and their number is still growing. The Dubai Multi Commodities Centre’s credit rating is “A”, according to Standard and Poor’s.
If you are interested in setting up a company in Dubai Multi Commodities Centre Free Zone, you can rely on our company formation specialists in Dubai for registering the chosen business form.
The core purpose of establishing the DMCC was to create a premium environment for companies that are involved in commodities services. The DMCC has strict legislation harmonized with international regulations in order to provide world-class business services. The main services foreign companies can benefit from are: a developed infrastructure, financial services, and real estate services, as well. Entrepreneurs wanting to start a company in a Dubai free zone can benefit from registration and licensing services, work and immigration services and a customer care service.
If you have any questions about the activities which can be completed in DMCC, our Dubai company formation advisors will answer them.
Dubai Multi Commodities Centre is the fastest growing Dubai free zone and its location within the heart of the city makes it a great option for those interested in operating in the trading sector. Those who want to open companies in Dubai and decide for free zone companies can choose the DMCC free zone and operate in various industries among which:
No matter the type of activity you plan on completing in Dubai Multi Commodities Centre Free Zone, our company registration agents in Dubai can help you with the entire business incorporation procedure.
One of the main reasons for setting up a company in Dubai Multi Commodities Centre Free Zone is related to the fact that there are no sponsorship requirements in terms of ownership. This means that a foreign investor will have full control over the company. However, the company will only be able to operate within the free zone.
The requirements for opening a company in DMCC are the same as for any other business in Dubai, meaning, it must prepare the same set of documents as when incorporating a company with the Dubai Trade Register.
The Articles of Association of the free zone company will be the most important documents which will be filed with the Dubai Multi Commodities Centre Authority upon incorporation.
Other requirements which need to be respected when operating in Dubai Multi Commodities Centre Free Zone are related to filing proof of residential address in the free zone or in the Jumeirah Lake Towers district and certain approvals depending on the types of activities to be completed.
In the case of subsidiary companies or branch offices, the parent company will be required to file a copy of their Certificate of Registration and Articles of Association.
No matter the type of company you want to set up, it will be necessary to appoint a local agent to handle the incorporation procedure with the free zone’s authority. We remind foreign investors that we can also help them open a company in Dubai if that option suits their interest.
The video below offers information on the Dubai Multi Commodities Centre Free Zone:
Dubai Multi Commodities Centre Free Zone can host limited liability companies and branch offices for foreign and UAE companies. In order to open a limited liability company or a branch office, the following requirements must be met:
Foreign investors interested in starting a company in the Dubai Multi Commodities Centre have three options:
The documents required to set up a company in the DMCC are:
In the case of branch offices and subsidiaries, the applicant must also submit a translated and certified copy of the documents of incorporation. Also, the applicant must reside in the Dubai Multi Commodities Centre.
Is it quite easy to hire personnel for one’s company in Dubai Multi Commodities Centre, no matter if these are residents or non-residents of Dubai. For the latter, residence and work permits will be required. The procedure of obtaining residence permits for foreign employees is completed with the DMMC Authority and the visa is issued in a matter of days.
Considering the latest changes in the employment legislation, our local consultants can offer more information on the requirements related to hiring employees in Dubai.
Companies established in the DMCC benefit from:
Dubai is a very attractive destination for investors wanting to start new businesses, especially in the free zones.
As mentioned at the beginning of this article, Dubai Multi Commodities Centre Free Zone is the largest special economic area in the Emirate, however, it is also the most prolific one. Located right in the center of the city, DMCC is an excellence center in terms of commodities trading and numerous local and foreign companies operate here.
In numbers, Dubai Multi Commodities Centre:
If you want to set-up a business, you can contact our company incorporation agents in Dubai.