Dubai Multi Commodities Centre (DMCC) Business Setup
The Dubai Multi Commodities Centre (DMCC) is a globally recognized free zone and commodities trading hub in Dubai. Established in 2002, DMCC is the largest and fastest-growing free zone in the UAE, attracting businesses from a wide range of industries, including commodities, finance, and professional services.
Strategically located in Jumeirah Lakes Towers (JLT), DMCC offers world-class infrastructure, state-of-the-art facilities, and a supportive regulatory environment, making it an ideal location for business setup and expansion.
DMCC Free Zone spans over 200 hectares of business and residential community with 87 towers that offer various facilities. It houses 24,000 businesses with various popular global brands such as Pepsi, Bvlgari, Daewoo, and more.
If you wish to establish your business in one of the most premium locations in the heart of Dubai, DMCC is ideal. DMCC is surrounded by the most popular districts of Dubai – Bluewaters, Palm Jumeirah, and Dubai Marina – home to expats and Europeans.
What are the Benefits of Setting Up a Company in the Dubai Multi Commodities Centre
Choosing DMCC for your business setup offers numerous advantages. Firstly, DMCC provides a robust and transparent regulatory framework, ensuring that businesses operate in a secure and well-regulated environment. This is particularly beneficial for companies involved in commodities trading, where compliance and trust are paramount.
Secondly, DMCC offers a highly attractive tax environment with zero corporate and personal income taxes, as well as 100% foreign ownership. Additionally, the free zone’s strategic location in Dubai, with its world-class infrastructure and connectivity, makes it an ideal hub for businesses looking to access markets in the Middle East, Africa, and beyond.
Moreover, DMCC’s ecosystem is designed to support businesses of all sizes and sectors. The free zone offers a wide range of flexible office solutions, from co-working spaces to premium office suites, catering to the diverse needs of startups, SMEs, and multinational corporations.
With its vibrant business community, networking opportunities, and access to global markets, DMCC stands out as a premier destination for businesses looking to thrive and grow in Dubai.
- 0% corporate & personal tax
- 100% repatriation of capital
- No currency restrictions
- World-class business infrastructure
- Wide range of business activities
- Zero duties on imports/ exports
- Strategic location in the heart of Dubai
- Gold trading hub
- Secure business environment
- Get DMCC dual license
- Close to JAFZA Free Zone
- Robust logistics infrastructure
Types of Trade Licenses in DMCC Free Zone
The DMCC offers various kinds of licenses that allow companies to undertake different business activities in the free zone. These include:
- Commercial License: Allows trading activities, including the buying and selling of goods.
- General Trading License: Permits trading in a wide range of products, with fewer restrictions.
- Service License: Enables the provision of services such as consultancy, management, and other professional services.
- Dual License: Allows companies to operate both within DMCC and onshore in Dubai, providing greater flexibility. Companies with the dual license are subject to reduced compliance requirements in the UAE mainland and it gives them more flexibility to operate.
Dubai Multi Commodities Centre Business Activities
DMCC allows a wide range of business activities, catering to different sectors and industries. From professional services to recreational services like hotels, cafes, etc. there is plenty of room for growth within the free zone.
Here are some of the popular business activities in the DMCC:
- Tea
- Coffee
- Gold
- Diamonds
- Energy
- Water
- Technology
- Gaming
- Crypto
- e-commerce
- Financial Services
- Retail
- General Trading
- Clinics and Healthcare
- Restaurants
- Fashion and Luxury
- Tourism
- Hospitality
- Travel and Transportation
- Tourism
A great advantage for investors in DMCC is that the free zone offers flexibility in terms of business activities. You can choose to engage in up to 6 business activities from the same group under one license. It allows you to diversify your operations within your chosen industry.
Dubai Multi Commodity Centre – Gold Trading License
The Gold Trading License offered by DMCC provides businesses with a prestigious platform to engage in the gold and precious metals trade. DMCC is the world’s largest gold trading hubs, also known as “the City of Gold,” as Dubai accounts for 25% of the worldwide trade in gold.
This license is designed to cater to the specific needs of gold traders, offering a secure and regulated environment with world-class facilities for refining, trading, and storing gold. DMCC’s comprehensive ecosystem includes the Dubai Gold & Commodities Exchange (DGCX), Dubai Good Delivery (DGD) Standard, and a dedicated vaulting service, ensuring seamless operations for gold trading businesses.
With the license, you also get access to DMCC Vault, which is a state-of-the-art storage facility located in Almas Tower in JLT.
How to Set Up a Business in Dubai Multi Commodities Centre (DMCC) Free Zone [Steps]
Here’s a step-by-step guide on how to set up your company in DMCC Free Zone:
Determine Business Activity
Select the type of business activity you wish to conduct and determine the appropriate license type.
Choose Legal Structure
Select the appropriate legal entity for your business that you want to set up in the free zone. There are multiple options you can choose from for your company.
Submit Application
Complete the online application form and submit the required documents for initial approval.
Lease Office Space
Choose and lease office space within the DMCC free zone.
Open a Bank Account
Open a corporate bank account to manage your business finances. There are various branches of local and international banks in the free zone.
Obtain License and Start Operations
Once all documents are verified and approved, receive your business license and start operations.
Set up Your Business Today in DMCC with Solutions FZCO!
Set up your company in DMCC today and take advantage of the multiple incentives! At Solutions FZCO, we have helped register more than 600 businesses across various free zones.
Solutions FZCO is dedicated to providing comprehensive support for your business setup in DMCC. Our team of experienced consultants will guide you through every step of the process, from choosing the right business activity and license type to handling all administrative and legal requirements.
With our local contacts, we will expedite your trade license and business registration, ensuring a smooth and efficient setup process.
Additionally, we provide ongoing support to help your business thrive, including PRO services, visa processing, and business advisory services. So, contact us today and get started!
Start your Business Registration Today!
Are you ready to register your business in Dubai Multi Commodities Centre? Contact Solutions FZCO and let’s begin your company formation today! Experience a seamless company registration process & set a solid foundation for your dreams.