DUBAI MULTI COMMODITIES CENTRE (DMCC) FREE ZONE COMPANY FORMATION
Company Registration in DMCC
The Dubai Multi Commodities Center (DMCC) is a renowned Free Zone in Dubai that accommodates global brands. Situated in the vibrant Jumeriah Lakes Towers (JLT) area, right off Sheikh Zayed Road, this strategically positioned Free Zone offers excellent connectivity and convenient access to Dubai’s bustling business and leisure hubs. Establishing a company in DMCC allows investors to effortlessly obtain a trade license, rent or lease office space, and commence business operations in one of the busiest commercial centers in the UAE.
This esteemed Free Zone specializes in issuing various licenses for trading activities, particularly in the sectors of commodities, gold, diamond, precious stones, steel, and more. The cost of company formation in DMCC starts at approximately USD 9,545 for a 1-visa quota.
Trade License For Non-Manufactured Precious Metals (Including Gold)
DMCC Freezone offers licenses for a wide range of business activities across more than 20 sectors, including Energy, Commodities, Gold and Diamonds, Technology, Construction, FMCG, Healthcare, Aviation, Shipping, Education, Media, Professional Services, Financial Services, and Personal and Community Services.
Among global investors, the Gold and Precious Metal Trading license in DMCC is highly sought-after. With its comprehensive infrastructure support and a variety of related business activities to choose from, DMCC Free Zone is the ideal destination for establishing a Gold and Precious Metal Trading Company.
At PRAVO Management Consultancies, we can assist you in the seamless incorporation of your DMCC Company and obtaining the necessary NOC from the Security Industry Regulatory Agency for your Gold and Diamonds business activity.
Trade License For Non-Manufactured Precious Metals (Including Gold)
DMCC Freezone offers licenses for a wide range of business activities across 20+ sectors, including Energy, Commodities, Gold and Diamonds, Technology, Construction, FMCG, Healthcare, Aviation, Shipping, Education, Media, Professional Services, Financial Services, and Personal and Community Services.
Amongst global investors, the Gold and Precious Metal Trading license in DMCC is highly sought after.
DMCC Free Zone is the ideal choice for starting a Gold and Precious Metal Trading Company. It provides all the necessary infrastructure support and a comprehensive list of related business activities for investors to select from.
At PRAVO Management Consultancies, we can assist you in smoothly incorporating your DMCC Company and obtaining the necessary NOC from the Security Industry Regulatory Agency for Gold and Diamonds business activities.
Documents Required For Company Setup In DMCC
- Passport copy
- Address proof (Telephone Bill)
- Business Profile
- Business Plan (depends on activities)
Deliverables After The DMCC Company Formation
- Certificate of Registration
- Trade License
- Articles of Association
- Share Certificate
We are Always Ready to Assist Our Clients in Meeting Their Goals in DMCC Free zone!
Contact us for company formation in DMCC Freezone today!
DMCC Company Formation – Features
DMCC Company Formation offers significant benefits for investors. One notable advantage of establishing a company in DMCC is the opportunity to acquire office property in the JLT area, along with the Title Deed. This not only helps in saving rental charges but also ensures long-term business sustainability while keeping overhead expenses low. Typically, office rent constitutes a significant portion of a company’s expenditure. Moreover, setting up a company in the DMCC Free Zone provides several other business advantages.
Other Features
- Unique Worldwide centre Industry Clustering
- Prime strategic business location of global significance
- 100% business ownership and sole shareholders are permissible
- Efficient Licensing and Registration procedure
- Purpose built infrastructure
- Ability to purchase premises
- Preferential freight rates
- Guaranteed 50 year tax holiday on personal and income taxes
- No foreign exchange controls or barriers to entry
- 100% capital repatriation
Type of licenses issued by DMCC:
- Industrial License;
- Service License;
- Trading License.
- General Trading License – AED 1 million share capital is required
Looking for a First-Class solution for your business in DMCC Free Zone?
We welcome and celebrate different perspectives to help our firm, our clients and our people.
DMCC License Renewal
To keep your Trade License from DMCC Free Zone active, you need to renew it annually. Simply submit a request to the DMCC Free Zone and pay the license cost, along with any outstanding balance, if applicable. PRAVO is here to assist investors in hassle-free license renewal every year.
PRO Service In DMCC
Our team of expert PROs assigned to DMCC Freezone handles various processes such as license renewal, visa assistance, de-registration of companies, audit report arrangement, VAT filing assistance, import/export code, and tax residency certificate. We take great care and precision in our PRO work for DMCC, providing services to over 150 companies in the area.
Type Of PRO Services In DMCC
- Renewal of Trade License & Modification/Cancellation of License
- Bank Account Opening Assistance
- Issuing, Transferring and Redistributing Shares
- Audit Reports, Business Advisory Services
- Workmen Compensation and Employee visa
- 3rd Party Liability Insurance and other Documentation
- Establishment Card Renewal
- Employment visa Renewal
- Ejari/ Lease Agreement Renewal
DMCC Company De Registration Process & Fees
The process of de-registering a company with DMCC is simple and straightforward. It can be easily completed through the DMCC Free Zone Portal. When a business decides to close down, it is crucial to de-register the company promptly to avoid any potential fines or legal ramifications.
Moreover, following the correct de-registration process with DMCC is essential for investors who plan to start a new company or return to the UAE in the future. The de-registration process itself is uncomplicated, but it is crucial to ensure that it is executed correctly. Expert Business Consultants, like Pravo, can assist you in this regard. To initiate the company closure in DMCC, the investor must begin by submitting an online application to terminate the DMCC Trade License.
Procedures and Documents Required
Following are the procedures and documents required for a closing company in DMCC.
- Online Application for Termination of DMCC License
- Shareholder’s Resolution
- Official Letter Request – Justification for de-registration printed on company letterhead, signed and stamped by Authorized Signatory.
- Confirmation of Appointment of Liquidator
- Original company documents to be returned to DMCC such as MOA, Certificate of Registration, Establishment card, Personnel Secondment Agreement, Original License, Share Certificate
- Clearance Letters from:
- Landlord
- Etisalat
- DEWA
- Bank
- Ports & Customs
- Liquidator’s Report – In order for Auditor to prepare this, they will also require a closure letter from your Bank. PRAVO will arrange this report at cost effective fees.
- Visa Cancellation – If there are any visas under the company, it has to be cancelled as well in order for company to be de-registered. Visa cancellation can be done prior to de-registration.
Looking for a First-Class solution for your business in DMCC Free Zone?
We welcome and celebrate different perspectives to help our firm, our clients and our people.