One of the best reputable free zones in Dubai is DMCC or Dubai Multi-Commodities Center. It is considered the largest free zone in the world and has won the “global free zone of the year” award five times. This is one of the many reasons why carrying out the DMCC business setup is very beneficial for new entrepreneurs.

In this article, you will see all the information you need to know to succeed in the DMCC business setup. Currently, one of the best ways to register your company in Dubai is by registering the company with DMCC. At least 16,000 companies carry out their commercial activities in this free zone and you can be part of this group; Only, you must read this article, to obtain all the processes.

1. Why should you perform the DMCC business setup?

DMCC business setup

Established in the year 2002, the next few years of the DMCC were a manifestation of many developments and rapid growth. By 2014, DMCC management was tasked with launching an internal portal for member companies. In addition, the services are available online through the DMCC portal, thus expediting the processing of applications and documents.

It was in the year 2018 that the DMCC changed its name from JLT (Jumeirah Lake Towers) to DMCC. Thanks to this step, the continuous effort of the DMCC to develop and connect with this JLC district can be highlighted; which is the host of an emerging community where more than 100,000 people live, work, and visit the area.

Going through the DMCC business setup will help you because DMCC management is very committed to reaching many heights. In this way, it becomes more attractive for those who want to take advantage of the best business opportunities.

2. Do you know which licenses you can opt for if you want DMCC free zone company setup?

If you want to carry out the DMCC business setup, you must know the different types of licenses that they offer. In this way, below we will show you the available licenses that will help you if you want to be an entrepreneur in this area:

  • The general commercial license will allow you to export, import, distribute, store, and consolidate almost any product. However, there are some products for which this license is not valid.
  • The commercial or trading license will allow you to export, import, distribute, store, and consolidate all the products that are specified in the license.
  • A service license will allow you to perform all consulting or service activities that are specified in the license.

In addition, there are also additional custom licenses. An example of this is the single-family Office, which will help you manage all the assets of a single family.

3. Step-by-step guide on how to perform DMCC free zone business setup

DMCC business setup

Currently, the government in the UAE has created many policies to make it easy for entrepreneurs to do business. The first thing anyone should do to start their company is to collect the necessary documents. Thinking about this, you will be presented with the documents and a step-by-step guide of what you should do.

company formation in DMCC

3.1 Delivery of documents for individual shareholders

Depending on whether you are an individual or corporate shareholder, the documents will vary. In the case of individual shareholders, the necessary papers are:

  • Photocopy of the residence visa in the UAE, in the case of being a foreigner. It is important to corroborate the news for visas in 2023.
  • Photocopy of the applicant’s passport.
  • Proof of address. A utility bill can be provided, but it cannot be more than six months old.
  • Applicants who have a valid residence visa in the UAE must present a certificate of no objection from the sponsor.

3.2 Delivery of documents for corporative shareholders

Before mentioning the documents that corporate shareholders need, it is important to do some research, related to corporate taxes. Next, you will see all the papers you need.

  • Business license of the central company (in case the company has a business license).
  • The registration certificate of the central company.
  • The MOA or Memorandum and articles of association of the central company.
  • Certificate of ownership issued by the Commercial Registry, or any document that fulfills the same function. and shows the authorized signatories of the company.

It is important to mention that in case the documents are neither in Arabic nor in English; they must be legally translated into English and notarized in the country where they were issued.

3.3 Learn how to perform the DMCC business setup

The DMCC business setup process lasts from two weeks to a month, everything will depend on the commercial activity you carry out. Half of this entire process can be done remotely. However, the shareholder must travel to the UAE to sign the legal documents of the company in the relevant entities.

  1. A minimum share capital of AED 50000 is obligatory and you must prove to the DMCC authority the existence of such company capital.
  2. You must appoint different auditors.
  3. Sealing of share certificates is necessary.
  4. To finish the process, an office inspection must be in place in case you have a rental.

Something important to know is that DMCC holds some promotions throughout the year when it gives different discounts for the DMCC business setup.

3.4 What has the DMCC company setup cost?

To establish your company in DMCC you must pay certain main fees, which are

  • The DMCC trade license cost.
  • Fees for single registrations.
  • The rental price of the office facilities you have chosen.

4. Contact ConnectFZ to be able to carry out company formation DMCC successfully

Starting a company in any free zone in Dubar in any other emirate is quite a complex task. But, to solve this situation, there is the company ConnectFZ that we are here to help you throughout the process. If you want to get in touch with us, you just have to call us at +971 43 316 688 or write to us at contact@connectfz.com.

Connect Freezone

Connect FreezoneConnect free Zone is the go to place when it comes to company set up services, you will find standard pricing, discounts and packages for the most popular free zones across the UAE as well as the ability for Connect FZ to sponsor your company and set up on mainland Dubai.