Dubai Multi Commodities Center (DMCC) Business Setup 

Dubai Multi Commodities Center (DMCC)

Already living in Dubai in one of the most prestigious areas JLT? Then strive for more and set up your business in DMCC – the World’s #1 Free Zone and save over AED 20,000 at the same time!



This unique offer was crafted by DMCC only for owners and tenants residing in JLT residential properties to prove that DMCC Free Zone is the best place to live, work and thrive.

With an unprecedented 40% cost reduction, you can set up your company for just AED 30,000 and get a Flexi Desk as part of the setup package!


Terms and Conditions apply.

To learn more reach us for a free expert advice:
Email: [email protected]
WhatsApp: +971 52 777 0552

Already living in Dubai in one of the most prestigious areas JLT? Then strive for more and set up your business in DMCC – the World’s #1 Free Zone and save over AED 20,000 at the same time!



This unique offer was crafted by DMCC only for owners and tenants residing in JLT residential properties to prove that DMCC Free Zone is the best place to live, work and thrive.

With an unprecedented 40% cost reduction, you can set up your company for just AED 30,000 and get a Flexi Desk as part of the setup package!


Terms and Conditions apply.

To learn more reach us for a free expert advice:
Email: [email protected]
WhatsApp: +971 52 777 0552

Dubai Multi Commodities Center (DMCC) Free Zone

The Dubai Multi Commodities Centre (DMCC) was established in 2002 as a commodity marketplace in heart of Dubai. More than 12,000 major multinational companies, SMEs and start-ups have made DMCC Free Zone their home, just one reason why The Financial Times FDI Magazine named DMCC the best Free Zone in the world for 2015 and 2016.

If you want to start a business in the DMCC free zone, My Business Consulting DMCC is here to help you get started with the right tools and support. We have made a significant contribution to the DMCC free zone and other free zones across the UAE through company formation that become the leading businesses of tomorrow!

While the core area of trade in the DMCC free zone is focused around gold, diamond, agro, pearl, precious metals and commodities, the Dubai Multi Commodities Centre also recognizes the importance of supporting all the member companies by having knowledge series and internal events. The DMCC free zone services offer various privileges to business other than its prime location, streamlined legal and regulatory frameworks, and flexible office solutions.

With My Business Consulting DMCC, you can ensure that your DMCC free zone company has the right tools and innovative platforms to succeed in the world’s most exciting growth markets. DMCC regulates, promotes and facilitates trade across a range of commodities.

Dubai Multi Commodities Center (DMCC) Free Zone

The Dubai Multi Commodities Centre (DMCC) was established in 2002 as a commodity marketplace in heart of Dubai. More than 12,000 major multinational companies, SMEs and start-ups have made DMCC Free Zone their home, just one reason why The Financial Times FDI Magazine named DMCC the best Free Zone in the world for 2015 and 2016.

If you want to start a business in the DMCC free zone, My Business Consulting DMCC is here to help you get started with the right tools and support. We have made a significant contribution to the DMCC free zone and other free zones across the UAE through company formation that become the leading businesses of tomorrow!

While the core area of trade in the DMCC free zone is focused around gold, diamond, agro, pearl, precious metals and commodities, the Dubai Multi Commodities Centre also recognizes the importance of supporting all the member companies by having knowledge series and internal events. The DMCC free zone services offer various privileges to business other than its prime location, streamlined legal and regulatory frameworks, and flexible office solutions.

With My Business Consulting DMCC, you can ensure that your DMCC free zone company has the right tools and innovative platforms to succeed in the world’s most exciting growth markets. DMCC regulates, promotes and facilitates trade across a range of commodities.

ADVANTAGES OF BUSINESS SETUP IN DMCC


GET STARTED

Want to start a new business venture in the DMCC Free Zone or any other free zone in the UAE? Let My Business Consulting DMCC help you in getting familiar with DMCC free zone laws and regulations that help you develop the right corporate structure and support network on which your business can grow.

We can also assist you in opening a corporate or personal bank account, obtaining a residence visa in UAE, getting residence visa, and license based on your requirements and business goals, and outsourcing non-critical tasks to help you focus on the core operations. Call us today to request a proposal or to find out more about free zone company formation!

CALCULATING YOUR NEW FREE ZONE COMPANY
IN DUBAI MULTI COMMODITIES CENTRE (DMCC)

The most important factor in creating a viable business plan for a start-up company is understanding the initial costs. This page is a run through of General Cost for setting-up a company in Dubai Multi Commodities Centre, per expenses as follows:

1. Type of License

The DMCC Free Zone License is usually awarded for core commodity trading activities i.e. raw materials: Such as Gold and Precious Metals, Diamonds, Pearls, Plastics, Energy, Oil, Steel and Base Metals, Chemicals, Food, textile and raw material. However, besides Trading and General trading license, DMCC free zone business setup can also be based on industrial and commercial license.

Each activity of a company, falls under a specific type of License. Below is list of license types available in DMCC. Cost includes: Initial Approval, Registration and License.

1st year 2nd year
GENERAL TRADING LICENSE AED 82,360 AED 50,285
CONSULTANCY / SERVICE LICENSE AED 32,360 AED 20,285
TRADING / COMMERCIAL LICENSE AED 32,360 AED 20,285
BRANCH COMPANY AED 30,360 AED 20,285

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

2. Type of Office Facilities

Maintaining a license in DMCC requires you to rent an office. Visa eligibility of the company is related to the facility’s size. 1 visa / 9 sq. m. Here are the available options:

Flexi Desk Serviced Desk Serviced Office Business Center Office Physical Office Retail Shop
Facility size-sq m 20-30 40-95 120-250 20+ 100+
Annual Cost (AED) 17,000-19,000 22,000-35,000 35,000-70,000 50,000+ 75,000+ 200,000+

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

3. Miscellaneous Documents

Establishment Card is a necessary documents to enable the company register in Residency Department. Operation Fitness Certificate on the other hand is required if company have chosen physical office as their facility.

OPERATIONAL FITNESS CERTIFICATE (Commercial Unit) AED 450
OPERATIONAL FITNESS CERTIFICATE (Industrial/Retail) AED 1020
ESTABLISHMENT CARD AED 1800
AUDIT APPOINTMENT LETTER AED 1000

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

4. Residence Visa in DMCC (valid for 3 years)

Cost of each visa varies depending on the status of an applicant’s current location, whether application is taking place inside or outside the UAE. Amendment of visa can be done only if the applicant has cancelled his previous Residence Visa or is transferring within DMCC.
Bank Guarantee Deposit is refundable after company deregistration.
In case at the moment of application you are in the UAE, by choosing the Employment Visa Application inside the Country with Local amendment you can easily stay in the country, and enjoy the hassle-free process. There will be no need to exit the UAE for the Visa Status Change process.

SERVICES FEES (AED)
Employment Visa- Outside the Country 3,387
Employment Visa- Inside the Country without Status Change 3,887
Employment Visa- Inside the Country with Status Change 4,638
Visa Guarantee deposit 3,000
Medical Test, Emirates ID and Photo 1,240
MBC Service Fee 2,500

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

5. My Business Consulting DMCC Service Packages

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Regular update regarding the full process

  • Initial Approval: company name, activity, shareholder's structure

  • Business Plan Summary

  • Company Registration

  • Facility Arrangement (Business Park)

  • Company Licensing

  • Establishment Card

  • Company Stamp

  • Company Letterhead

  • Company Profile

  • Accounts Guide for UAE Businesses not registered for VAT

  • FREE Documents Expiration Notifications after one year

Service Fee - 11,000 AED

Additional Fees:

  • Subsidiary/ Branch – 5,000 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.

UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES UAE RESIDENT VISA SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 7,500 AED
Service Fee
+ 2,500 AED
Service Fee
COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Regular update regarding the full process

  • Initial Approval: company name, activity, shareholder's structure

  • Business Plan Summary

  • Company Registration

  • Facility Arrangement (Business Park)

  • Company Licensing

  • Establishment Card

  • Company Stamp

  • Company Letterhead

  • Company Profile

  • Accounts Guide for UAE Businesses not registered for VAT

  • FREE Documents Expiration Notifications after one year

Service Fee - 11,000 AED

Additional Fees:

  • Subsidiary/ Branch – 5,000 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.


Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).
UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

+ 7,500 AED
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

UAE RESIDENT VISA SERVICES
  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 2,500 AED
Service Fee
Note:
Fees are the subject for additional 5% Value Added Tax (VAT).