Dubai Multi Commodities Centre (DMCC) is a government entity instituted in 2002 to enhance the flow of enterprise, trade and commodities through Dubai by providing the required suitable market, corporal, financial infrastructure and services. The DMCC was awarded fDi’s Global Free Zone of the Year title for two consecutive years on 2015 and 2016 respectively. It is one of the largest Dubai Free Zones with over 13,000 registered companies.
Company formation in DMCC Free Zone supports a variety of business activities and is quick and easy to form a business. The industries are based on four broad sectors comprising precious commodities (diamonds, gold, pearls and precious stones), energy based sectors, base metals and steel, and soft agricultural products (coffee, tea, cotton and others).
Advantages of Company Formation in DMCC
There are several attractive benefits in forming a DMCC company in Dubai
- Complete Foreign Ownership, not required to have a UAE partner
- Strategic Location
- Quick and Easy setup
- No corporate and personal tax for fifty years
- Multiple activities under one license
- Can be a shareholder in multiple companies
- Minimum of one and a maximum of 50 shareholders
- Shareholder can hold any position in the office
- Access to a comprehensive range of commercial property choices within JLT
- Extensive range of business activities are allowed in the DMCC
Types of Licenses issued by the DMCC
The types of licenses offered for company formation in DMCC are:
- Trade License
To perform trading activities as stated in the License
- Service License
To perform service activities as indicated in the License
- Industrial License
To perform light manufacturing activities as specified in the License
How can we help in DMCC business setup?
GCC Solutions advises clients on market entry into the UAE and guide what is best suited to their individual business needs. We evaluate our clients’ needs and provide personalised solutions tailored to their particular industry sector. We offer economical solutions that allow our clients to advance as their business grows progressively.
For more information on DMCC Company Formation, please contact us to arrange a consultation.