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Welcome to the DMCC Free Zone, a global hub for commodities trading nestled in the heart of the vibrant Jumeirah Lakes Towers (JLT) district.
At DMCC, we support a diverse range of board activities, including but not limited to:
– Agro
– Tea
– Coffee
– Gold
– Diamonds
– Spices
– Base Metals
– Crypto (Our newly launched, regulated ecosystem for cryptographic, blockchain, and distributed ledger technologies – DLT)
– And many others
With a proven track record in facilitating commodity trade, DMCC offers an array of platforms and services to streamline your operations. From our state-of-the-art gold and diamond vaults to secure transport solutions, we ensure the safety and integrity of your assets. Our trading platforms, such as the Dubai Gold & Commodities Exchange, Dubai Diamond Exchange, and the Dubai Pearl Exchange, provide unparalleled opportunities for market participation. Additionally, DMCC TradeFlow offers a dedicated online platform for registering possession and ownership of commodities stored in UAE-based facilities. The DMCC Tea Centre and the UAE Kimberley Process Certification Scheme further reinforce our commitment to transparency and quality assurance. Moreover, we offer a range of commodities-backed financial investment tools to enhance your portfolio.
By choosing to set up in our Free Zone, you gain access to a host of benefits, including:
– Furnished offices designed to meet your business needs
– Residency visa allocations for you and your team
Experience the convenience and efficiency of operating within the DMCC Free Zone, where opportunities abound and excellence is standard. Join us in shaping the future of global commodities trading.
Types of Companies:
DMCC offers two distinct company types:
1. **New Company or a Branch**:
– **New Company (Individual)**: Owned by single or multiple shareholders, this option establishes a limited liability company as a newly formed entity. Shareholders enjoy the benefits of limited liability.
– **Joint Venture**: Individuals or companies opt for joint ventures to leverage their respective strengths, mitigate risks, and enhance competitiveness in the marketplace.
– **Subsidiary**: A subsidiary is wholly-owned (100%) by another company, whether local or foreign. This option establishes a limited liability company as a subsidiary of the parent company.
2. **Branch**:
Choose “Branch” if the parent company desires to open a branch that may undertake some or all of the activities authorized for the parent company. This option enables the extension of the parent company’s operations into the DMCC jurisdiction.
Types of License
There are three distinct license types available:
1. **Trading License**: Pertaining to the buying and selling of physical goods. This license enables businesses to engage in trade activities, facilitating the movement of goods within and beyond the DMCC jurisdiction.
2. **Service License**: Aligned with the provision of services, this license empowers businesses to offer a wide array of services, catering to various industry sectors. It allows for the delivery of professional expertise and solutions to clients within and outside the DMCC community.
3. **Industrial License**: Geared towards the manufacturing and production of goods. This license grants businesses the authorization to establish and operate industrial facilities, fostering the creation and processing of goods within the DMCC jurisdiction.
Types of Activity
Once you have determined your preferred license type, you may proceed to select your activities.
With each license, you have the flexibility to choose up to 6 activities without incurring any additional fees.
Please note that certain activities may necessitate obtaining a No Objection Certificate (NOC).
An NOC, or No Objection Certificate, is a formal approval required from an external authority that regulates the specific activity. Typically, this authority is a UAE Government entity. However, rest assured that DMCC will assist you in obtaining the necessary NOC, streamlining the process for your convenience.
Share Capital Requirements
The minimum share capital requirement for a DMCC Free Zone company is AED 50,000 per company and AED 10,000 per shareholder. (For individual shareholders seeking UAE residence visas, a minimum share capital of AED 50,000 is mandatory.)
Following the issuance of the company’s license, the share capital must be deposited in the company’s local bank account within three weeks. Subsequently, it can be withdrawn at any time as needed.
It’s important to note that branches of companies operating within the DMCC Free Zone are exempt from any share capital requirements.
DMCC License Fee Structure
Reach out to us to discuss your needs. Our Proway Biz consultants will understand your requirements and provide you with an estimate featuring transparent pricing, free from hidden costs.
DMCC Freezone Business Setup
Situated in the thriving district of Jumeirah Lakes Towers, the Dubai Multi Commodities Center (DMCC) stands as a premier free zone in Dubai. Renowned as the “Global Free Zone of the World” by the Financial Times FDI magazine for three consecutive years, from 2015 to 2017, DMCC boasts world-class infrastructure and hosts a dynamic business community.
With over 15,000 companies operating within its boundaries, DMCC serves as the pivotal gateway to global trade. Investors benefit from the opportunity to establish their businesses in this free zone with 100 percent ownership, further enhancing its appeal as a preferred destination for international commerce.
Advantages of Establishing Your Business in DMCC Free Zone:
1. **Tax Benefits**: Enjoy the advantage of no personal income tax and corporate tax, providing significant savings for both individuals and businesses operating within DMCC.
2. **Ownership Freedom**: Benefit from 100% foreign ownership, allowing full control and autonomy over your business ventures without the need for local sponsorship.
3. **Customs Advantage**: Experience seamless trade with no duty on import/export, enabling cost-effective movement of goods and fostering international trade opportunities.
4. **Flexible Workspace Solutions**: Access flexible office spaces tailored to your business needs, with a variety of options available to accommodate businesses of all sizes and requirements.
5. **State-of-the-Art Infrastructure**: Utilize world-class infrastructure and modern amenities, providing businesses with the necessary resources and facilities to thrive in today’s competitive market landscape.
6. **Capital Repatriation**: Enjoy the freedom of no restrictions on capital repatriation, allowing businesses to efficiently manage and transfer funds as needed, with ease and convenience.
7. **Strategic Location**: Benefit from the strategic location of DMCC, situated in close proximity to major airports and seaports, facilitating seamless logistics and enhancing accessibility to global markets.
These advantages collectively position DMCC as a prime destination for businesses seeking to establish a presence in a thriving and supportive business environment, offering unparalleled opportunities for growth and success.
Licenses Types
General Trading License:
A General Trading License empowers entrepreneurs and investors to engage in a broad spectrum of activities, including but not limited to importing, exporting, distributing, consolidating, and storing various products. However, certain exceptions may apply.
Commercial/Trading License:
A Commercial/Trading License enables entrepreneurs and investors to undertake a wide range of commercial activities. With this license, individuals can import, export, distribute, and store diverse products as specified within the licensing framework.
Service License:
A Service License grants entrepreneurs and investors the authority to offer specific service-oriented or consultancy activities outlined in the license. This license caters to businesses focusing on providing professional services to clients within the jurisdiction.
Documents Required for Business Setup in DMCC Free Zone
1. Trade License of the Parent Company (if applicable) 2. Certificate of Registration of the Parent Company 3. Memorandum & Articles of Association (MOA) of the Parent Company 4. Certificate of Incumbency issued by the Company Registrar (or similar document showing authorized signatories)
License Fees & Expenses
Documents Required for Shareholders:
For Individual Shareholder:
1. Passport Copy
2. Proof of Residential Address
3. Copy of UAE Residence Visa, if applicable
4. No Objection Certificate (NOC) from the sponsor, if holding a valid UAE residence visa
For Corporate Shareholder:
1. Trade License of the Parent Company (if applicable)
2. Certificate of Registration of the Parent Company
3. Memorandum & Articles of Association (MOA) of the Parent Company
4. Certificate of Incumbency issued by the Company Registrar (or similar document showing authorized signatories)
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