ADVANTAGES OF BUSINESS SETUP IN DMCC
0% corporate and personal income tax rate guaranteed for 50 years
Freehold offices for sale and lease at competitive rates. Flexible office solutions
Immigration services including visas and other government permits
Strategic location on Sheikh Zayed Road, connecting Abu Dhabi and Dubai, and in close proximity to the largest container port outside of Asia
Regular networking opportunities through DMCC industry events, sector specific clubs and informative workshops
Training on the latest developments in trade regulation and compliance standards
Purpose built infrastructure
100% business ownership
Licenses for a full range of business activities
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)
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.
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).
THE INFINITE OPPORTUNITIES OF DUBAI
BANK ACCOUNTMANAGEMENT
A bank account is definitely one of the most important requisites of starting a business. The UAE is home to various local and international banks that provide a wide range of services and facilities once you open a bank account. By opening a bank account in Dubai or any other Emirate for that matter, you get the option to open corporate & personal bank accounts for residents, bank accounts for non-residents, offshore bank account, fast and secure online banking, debit/credit cards, cheque books and locker facilities.
READ MORECORPORATEFINANCE
While UAE offers a business friendly environment for foreign investments, you may not be familiar with the accounting system practiced in the country. Hence, a large number of foreign business acquire bookkeeping services to ensure that audits and compliance. At My Business Consulting DMCC, we provide a complete suite of accounting services to help all types of business maintain focus on their operations. With more than 18 years of experience in the UAE, our accounts are qualified to provide you with:
READ MOREEMIRATES RESIDENTVISA SUPPORT
The United Arab Emirates (UAE) is a global leader in business and residence, where having an Emirates ID entitles you to engage in various lucrative opportunities. Getting a UAE residence visa means that you can avail tax exemptions, high standards of life, and excellent opportunities for business development backed by economic and political stability. At My Business Consulting DMCC, we provide our clients with residency support to help them find their feet and start life in the UAE.
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