Dubai Multi Commodities Centre (DMCC) is one of the most prominent free zones in Dubai , providing an ideal environment for global businesses looking to benefit from the advantages of investing in a vibrant region focused on trade and logistics. Since its inception, DMCC has become a preferred destination for both international and local companies, thanks to its advanced infrastructure, fast company registration procedures, and comprehensive facilities.

By partnering with Etqan, DMCC provides access to expert consultancy and comprehensive support services that simplify the process of establishing and managing companies. With its extensive experience in providing company formation and management services, Etqan facilitates complex procedures and improves the customer experience at DMCC, which contributes to speeding up the incorporation process and ensuring compliance with all local and international laws and regulations.

The advantages of investing in DMCC include no corporate and profit taxes, 100% ownership for foreign partners, and easy remittance of funds. The center also features a wide network of businesses and services, creating great opportunities for collaboration and growth in an advanced business environment.

By partnering with Etqan, companies investing in DMCC can benefit from specialized consulting and full support, contributing to their success and growth in Dubai’s diverse and thriving market. This collaboration reflects the commitment of both parties to provide an integrated and efficient business environment that meets the needs of investors and commercial ambitions in the heart of one of the most dynamic cities in the world.

 

Steps to establish a company in the Dubai Multi Commodities Centre

Establishing a company in the Dubai Multi Commodities Centre (DMCC) requires following a set of structured steps to ensure effective incorporation and compliance with all legal requirements. Here are the steps to establish a company in the DMCC:

1. Choose the type of activity and company: Determine the type of business activity your company will conduct. You can choose between commercial, industrial, or service activities. You must also specify the type of company, such as a limited liability company (LLC), or a branch of a foreign company.
2. Preparing the required documents: Collect and prepare basic documents such as the passport of the company founders, proof of address, and details about the business activity.
3. Choosing a business name: Choose a trade name that complies with DMCC regulations and ensure that it is not already in use by other companies. You can check the availability of the name on the DMCC website.
4. Apply for a Certificate of Incorporation: Apply through the DMCC e-portal for a Certificate of Incorporation. This involves completing the appropriate form and submitting the required documents.
5. Receiving Initial Approval: After submitting the application, DMCC will review the documents and initially approve them. You will receive an initial approval letter stating that the basic requirements have been met.
6. Preparing a lease agreement: Signing a lease agreement for an office or workspace in the free zone. The office can be either a small office or a shared office, depending on the company’s requirements.
7. Submit Final Application and Licenses: Submit the final application for the business license and make the necessary payment of fees. You will need to submit the lease and other required documents.
8. Completing the licensing procedures: After submitting the final application, the licensing procedures will be completed. You will receive the final license that authorizes you to start practicing your business activity.
9. Opening a bank account: Opening a business bank account for the company in one of the approved banks in the Emirates. This requires submitting the commercial license, lease contract, and identification documents for the shareholders and managers.
10. Work and Residence Visas: Submitting applications for work and residence visas for founders and employees, including submitting applications to the General Directorate of Residency and Foreigners Affairs.
11. Company registration with government authorities: Registering the company with relevant government departments to ensure compliance with local laws and regulations. This may include trademark registration and compliance with health and safety laws.
12. Starting your business: After completing all the previous steps, you can start your business in the Dubai Multi Commodities Centre according to the approved licenses and regulations.

Costs of company formation in DMCC

Setting up a company in the Dubai Multipurpose Zone (DMCC) involves several basic costs that may vary depending on the type, activity and size of the company. Here is an overview of the potential costs you may need to consider:

1. Incorporation fees: These fees include the costs of filing an application to register the company and preparing the necessary documents. They are usually inclusive of the initial registration procedures.
2. License Fee: The fee for issuing a commercial license that allows you to practice the specified business activity. It depends on the type of activity and the details of the license.
3. Rental Fees: The cost of renting office space or facility in the DMCC area. The amount depends on the size and location of the space.
4. Visa Fees: Costs of issuing work and residence visas for company employees and investors. Includes fees for issuing and renewing visas.
5. Administrative Service Fees: These include fees associated with obtaining additional services such as trademark registration, additional permits, or consulting services.
6. Bank Account Opening Costs: Fees associated with opening a company bank account. May include administrative fees and minimum deposit costs.
7. Amendment and update fees: Costs of amending documents or licenses in the event of changes in the company’s structure or activity.
8. Accountant and Advisor Fees: The cost of hiring an accountant or legal advisor to assist you with legal and financial procedures.
9. Insurance costs: The cost of insuring the company against potential risks, which may include property, liability, and employee insurance.
10. Other costs: These include office furnishing costs such as furniture, technology equipment, and basic services such as internet and communications.

Advantages of establishing a company in the Dubai Multi Commodities Centre Free Zone

Establishing a company in the Dubai Multi Commodities Centre (DMCC) Free Zone offers many advantages that make it an attractive destination for investors. Here are the most prominent advantages:

• Full Ownership: DMCC allows foreign investors to own their companies 100% without the need for a local partner, providing more control over business operations.
• Tax Exemptions: The free zone offers comprehensive tax exemptions, including no corporate income tax and no value added tax on companies operating in the centre.
• Flexible Regulatory Environment: DMCC offers a flexible regulatory environment that supports growth and expansion, with simplified and fast registration and licensing procedures, making it easier to set up and operate a business.
• Advanced Infrastructure: The centre features world-class infrastructure including modern offices and equipment, and advanced facilities that support companies in various sectors such as trade, commodities and financial services.
• Strategic Location: DMCC enjoys a strategic location in the heart of Dubai, with easy access to major ports and airports, facilitating import, export and international trade operations.
• Business Support Services: The Center provides a range of business support services including legal advice, accounting services, and human resources, which enhance the efficiency and effectiveness of companies.
• Connect to a wide network: DMCC provides companies with access to a wide network of local and international companies and investors, enhancing opportunities for partnerships and business collaborations.
• Government Support: DMCC investors receive government support through incentive and development initiatives aimed at enhancing the business environment and attracting investments.
• Vibrant Business Community: DMCC has a diverse and vibrant business community, providing opportunities to network and exchange expertise with leading companies across various industries.
• Logistics Advantages: The free zone offers logistical advantages including storage of goods, inventory management, and an integrated distribution network that supports global trade operations.

Concluding our article on the Dubai Multi Commodities Centre (DMCC), it is clear that this centre is considered one of the most prominent free zones in Dubai, as it provides an exceptional business environment supported by many attractive advantages for investors and global companies. DMCC is distinguished by its superior strategic location, which makes it a vital logistical and commercial hub that connects international markets. The centre provides a range of integrated solutions that include ease of company formation, tax exemption facilities, and flexible registration procedures, making it an ideal choice for many emerging and professional companies alike.

Partnering with Etqan enhances the process of establishing companies in DMCC , as Etqan provides integrated and professional services covering all stages of establishment. With Etqan’s extensive experience in corporate consulting and business establishment, investors can enjoy a smooth and efficient process of establishing their companies. Etqan’s services include providing legal and administrative advice, guidance on procedures and required documents, in addition to supporting clients at every step of the establishment process.

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