Dubai Multi Commodities Center (DMCC) Free Zone
The Dubai Multi Commodities Centre (DMCC) was established in 2002 as a commodity marketplace in the heart of Dubai. Since then more than 17,000 multinational companies, SMEs, and start-ups have made DMCC Free Zone their home, as DMCC can be considered the most prestigious Free Zone in the UAE to set up the business, live, and thrive.
Five years in a row DMCC Free Zone was crowned by the Financial Times fDi magazine as a ‘Global Free Zone of the Year’, and it truly can be named the best place to set up your business in the UAE if you wish to enjoy world-class infrastructure and road network, an extensive choice of facilities, streamlined legal and regulatory frameworks, and networking events with world-known companies.
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. Being recognized as the Top Performing Consultant of DMCC for three years in a row, we can propose you the best-customized business setup packages, provide you with the latest information on all ongoing offers, propose you a variety of the best facilities in DMCC, assist you on the whole way of company formation and ensure professional support after the business license is obtained.
BUSINESS REGISTRATION FEES IN DMCC
If you are considering to set up business in DMCC Free Zone, My Business Consulting DMCC is here to provide you full assistance in crafting a personalized package, create the best company structure, find the best facility for your future business and support you along your way to success in the World’s #1 Free Zone.
Below you will find the full list of general business setup related costs, though to receive a personalized proposal and to be aware of all the latest business setup offers from DMCC, we recommend to contact our Business Setup Experts.
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.
| LICENSE TYPE | 1st YEAR | 2nd YEAR |
|---|---|---|
| General Trading License | AED 84,165 | AED 50,285 |
| Consultancy / Service License | AED 34,160 | AED 20,285 |
| Trading / Commercial License | AED 34,160 | AED 20,285 |
| Industrial License | AED 34,160 | AED 20,285 |
| Branch Company | AED 32,140 | 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:
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 |
|---|---|
| Employment Visa – Outside the Country | AED 3,441 |
| Employment Visa – Inside the Country without Status change | AED 3,881 |
| Employment Visa – Inside the Country WITH Status change | AED 4,706 |
| Company Coordinator Appointment | AED 40 |
| Visa Guarantee Deposit | AED 3,000 |
| Medical Test & Emirates ID | AED 1,230 |
| Health Insurance (Basic Plan) | AED 1,000 |
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 10 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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