How to start a company at Dubai Multi Commodities Center (DMCC)?

 



The Dubai Multi Commodities Center (DMCC) is a leading independent region in the commodity trade and enterprise hub. Located in the Business Hub of West Asia, DMCC was established by the local government in Dubai to introduce and influence the local and international trade in a wide range of goods, including gold, diamonds, tea, and clothing.

DMCC currently has 18,000 companies. FD Magazine's FD Magazine has won the Global Free Zone Award 2020 for six consecutive years, a testament to its local and global achievements in nurturing and assisting Dubai - based companies.

As a very popular independent region not only within the Emirate but also across the UAE, DMCC has multiple benefits for company formation in Dubai, including:

Zero corporate and personal income tax for all.
Lex Sible Effective Office Solutions and Inexpensive License Packages
Thousands of thousands of business networks are strategically located available
Allows 100 100% foreign business ownership
Eligibility to apply for a Residence Residence Visa
Foreign currency has no restrictions and/or restrictions
Guarantee to return full profit profit
World-class infrastructure and facilities are available

Applying for a license at DMCC takes at least 32 days. To start a business setup in Dubai in the free sector, follow these steps:
 

2. Prepare the documents needed.
For a faster and more efficient movement of your application, make sure to prepare as early as possible the following documents:

● System-generated appointment letter to be filled in and signed by the shareholders (you may ask for the assistance of your local agent in getting and signing this requirement)
● Copies of passports and Emirates ID of shareholder, director, manager, and/or secretary
● Proof of residence of each shareholder, director, manager, and/or secretary. Can be through a valid tenancy contract, utility bill, bank confirmation letter, or any official document issued by the country of residence not older than six months
Optional: Consultant’s Appointment Letter and Power of Attorney

 

3. Undergo the pre-approval stage.
During this phase, you will be submitting the necessary documents to DMCC and the authority will review it to ensure that the company has met the guidelines in starting a company in Dubai.

 

4. Complete the registration process.
The investor will receive an email from DMCC requiring him/her to submit additional documents and pay the necessary fees. Once this has been submitted, the investor must wait for the authority to finish the registration.

 

5. Receive your license.
Upon getting the notification for the collection of trade license, the investor shall visit DMCC and will receive the following documents:

Trade License
● Attested DMCC Articles of Association
● Share Certificate (s)
Certificate of Registration
● Tenancy Contract (if any)

The investor / s may now proceed to apply for a Residence Visa and/or Corporate Bank Account Application.

For a more efficient and detailed application for your trade license, it is vital that you acquire the services of a local agent to assist you with the preparation and submission of documents. In Dubai, local agents are investor’s one-stop-shop for everything that they need to keep their business up and running.

 
UBL Business Setup is an all-in-one solution for you. We offer corporate services such as license application, renewal, and cancellation, visa processing services, accounting and bookkeeping, as well as digital marketing, website development, and PRO services to assist investors just like you, dreaming of a UAE-certified success.






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