DMCC FREE ZONE BUSINESS SETUP

About DMCC Free Zone 

Dubai Multi Commodities Centre (DMCC) is a free zone in Dubai, UAE that provides a platform for businesses operating in the trade of commodities such as gold, diamonds, and precious metals. DMCC free zone company formation offers a range of services for business setup, including:

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• Licensing and registration of the company

• Arranging for office space and facilities

• Support for visa applications

• Assistance with opening a bank account

• Help with obtaining necessary permits and certifications

• Providing advice and guidance on tax and legal requirements

• Offering business setup packages tailored to the specific needs of the company

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BENEFITS OF COMPANY FORMATION IN DMCC

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There are several benefits to setting up a company in the Dubai Multi Commodities Centre (DMCC) free zone, some of which include:

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• Tax benefits: 100% foreign ownership, 0% corporate tax and personal tax, no import or export duties.

• Strategic location: Access to a large market in the Middle East, North Africa and South Asia (MENASA) region.

• World-class infrastructure: High-quality office spaces, business centers, and logistics facilities.

• Commodity trade support: DMCC is a hub for the trade of commodities such as gold, diamonds, and precious metals.

• Regulatory environment: DMCC offers a favorable and secure regulatory environment for business.

• Networking opportunities: Access to a large community of businesses and entrepreneurs from around the world.

• Ease of doing business: Simple and efficient processes for company setup and operation.

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Activities at Dubai Multi Commodities Centre (DMCC) Free Zone

Dubai Multi Commodities Centre (DMCC) free zone is a hub for the trade of commodities such as gold, diamonds, precious metals, and energy. Some of the activities that take place in DMCC include:

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• Trading of commodities such as gold, diamonds, and precious metals

• Refining and processing of precious metals

• Storage and secure logistics for commodities

• Provision of financing and insurance services for commodity trade

• Business and trading support services, including legal and tax advice

• Hosting of exhibitions, conferences, and events related to the commodities sector

• Providing office space and facilities for businesses operating in the commodities sector

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Documents required for the branch office in DMCC

To set up a branch office in Dubai Multi Commodities Centre (DMCC), the following documents are required:

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• A copy of the parent company's trade license.

• A copy of the parent company's Memorandum and Articles of Association (MOA).

• A Power of Attorney for the branch manager.

• A copy of the branch manager's passport.

• A completed DMCC Branch License application form.

• A business plan for the proposed branch office.

• Proof of office space in DMCC (rental agreement or certificate of ownership).

Types Of Business Licenses Offered At DMCC

The following license types are required for setting up a business in Dubai Multi Commodities Centre (DMCC) Free Zone:

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• Trading license: for companies engaged in the import, export, or re-export of goods.

• Service license: for companies offering services in various fields such as consulting, design, advertising, and IT services.

• Industrial license: for companies involved in light manufacturing or assembly operations.

• Holding company license: for companies engaged in holding and managing investments.

• E-commerce license: for companies engaged in online trading activities.

• Consultancy license: for companies providing business and management consultancy services.

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DMCC Company Formation Features

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The following are the key features of company formation in the Dubai Multi Commodities Centre (DMCC) Free Zone:

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• 100% foreign ownership: Companies are allowed to be fully owned by foreign investors, with no requirement for a local sponsor.

• Tax benefits: DMCC offers a tax-free environment with no corporate or personal income tax.

• Strategic location: DMCC is strategically located in the heart of Dubai, providing easy access to key markets in the region and around the world.

• Efficient processes: The process of company formation in DMCC is streamlined and efficient, allowing companies to start operations quickly.

• Wide range of activities: DMCC allows for a wide range of business activities, including trading, services, and manufacturing.

• High-quality infrastructure: DMCC provides state-of-the-art infrastructure and facilities, including office spaces, meeting rooms, and high-speed internet connectivity.

• Regulatory support: DMCC provides regulatory support and assistance to ensure compliance with local regulations.

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DMCC Free Zone Business Setup and DMCC Company Formation Cost are crucial factors that make setting up a business in DMCC an attractive option for entrepreneurs and investors looking to establish a strong presence in the commodities trade sector.