Dubai Multi Commodities Centre (DMCC)
BUSINESS
COMPANY REGISTRATION
free zone
In this article:
The DMCC is a global trade centre comprising commodities, financial services and commercial activities in a wide variety of specialized sectors.
Thus, DMCC specializes in value chains related to commodities such as gold, diamonds, coffee, tea, spices, agriculture, base metals and cryptocurrencies.
Thus, DMCC specializes in value chains related to commodities such as gold, diamonds, coffee, tea, spices, agriculture, base metals and cryptocurrencies.
01
Free zone features
DMCC is located in the heart of Dubai, in the middle of the Jumeirah Lakes Towers district, in close proximity to two airports and the port of Jabal Ali.
It is worth noting the high status and prestige of this free zone, which is also reflected in the cost of company opening there.
It is worth noting the high status and prestige of this free zone, which is also reflected in the cost of company opening there.
02
Types of licence
The DMCC offers the following types of license:
Up to six activities can be included in the standard annual license fee within each type of license (commercial, service or industrial).
- Trade license (separately there is a general trade license).
- Service license.
- Industrial license.
Up to six activities can be included in the standard annual license fee within each type of license (commercial, service or industrial).
03
Types of companies
The following types of companies can be registered in this free zone:
- Limited Liability Companies: 1−50 shareholders.
- Branch of a company in the UAE.
- Branch of a foreign company.
What are the share capital requirements?
The minimum share capital of a company in the DMCC Free Economic Zone is 50,000 AED (about USD 13,600).
A company must have a share capital of at least AED 1,000,000 (approximately USD 272,000) to obtain a General Trading license.
The share capital must be paid into the company’s bank account in the UAE within three weeks of the issuance of the company license. It can subsequently be withdrawn at any time.
A company must have a share capital of at least AED 1,000,000 (approximately USD 272,000) to obtain a General Trading license.
The share capital must be paid into the company’s bank account in the UAE within three weeks of the issuance of the company license. It can subsequently be withdrawn at any time.
READ IN THE KNOWLEDGE BASE:
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04
Document package
The following will be needed to register a company with the DMCC:
- Online application for pre-approval.
- Copy of passport, along with a UAE resident visa and copy of UAE identity card (if available).
- Proof of address in the country of residence. For example, a utility receipt or invoice.
- Copies of the parent company documents (required when setting up a subsidiary company).
- Consent from certain government agencies for regulated activities.
- Address details of the company in the DMCC (required once the company is registered).
05
Fees and costs
The following rates have been set at DMCC:
Initial application and registration (one-time fee)
$2 700~
License: Annual fee (varies with occupation chosen)
от $5 500
Rental of a workplace (up to 3 visas)
$5 000~
Rental of a workplace (up to 4 or 5 visas)
$9 600~
Establishment Card (right to apply for visas, annual fee)
$500
Establishment Agreement (MOA, one time fee)
$550
Resident Visa (payable every 2 years) + refundable deposit
$1 800~
06
Timeline
10 business days (on average) after all documents have been submitted and fees have been paid.
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