Setting up a business in Dubai Multi Commodities Centre (DMCC) is a strategic step towards expanding into the global business market. As one of the most prominent free zones in Dubai, DMCC provides an integrated business environment that supports growth and innovation. DMCC is known for its focus on core sectors such as trade, financial services, and technology, making it the ideal destination for ambitious businesses. With state-of-the-art facilities and advanced infrastructure, the centre offers businesses the opportunity to benefit from a dynamic and flexible business environment, contributing to their success and growth. DMCC also offers flexible facilities and procedures for setting up a company in DMCC , making it a preferred choice for investors looking for new opportunities in diverse markets.

 

Steps to open a company in Dubai Multi Commodities Centre

Establishing a company in Dubai Multi Commodities Corporation (DMCC) requires following specific steps to ensure compliance with legal and administrative requirements. Here are the basic steps:

• Choose the type of company and business activity: Select the type of company you want to establish, such as a limited liability company, or a branch of an international company. Choose the business activity that the company will carry out, as you are asked to specify the type of activities that you will work on.
• Prepare the required documents:

1. Valid passport for the company founders.
2. Personal photos of the founders.
3. A lease agreement for the company’s headquarters, if you have rented an office.
4. A business plan that outlines the company’s goals and strategies.

• Submitting a Company Registration Application: Submit the registration application through the DMCC website or by visiting the DMCC Customer Service Center. Fill out the required forms and submit the necessary documents.
• Application Review and Approval: DMCC will review the application and submitted documents. Additional information may be requested or interviews may be conducted.
• Pay fees: Pay the fees required to register the company and issue licenses. Fees may include registration costs, licensing costs, and office costs.
• Receiving the License: After the application is approved and the fees are paid, you will receive the business license and registration certificate from DMCC.
• Open a bank account: Open a bank account for the company in one of the approved banks in Dubai. You will need to provide the trade license and other required documents.
• Securing additional licenses: If the company’s activity requires additional licenses (such as health or industrial licenses), make sure to obtain them from the relevant authorities.
• Premises Setup: Prepare the office or premises from which the company will operate as per DMCC requirements.
• Starting a Business: After completing all the steps and receiving all the necessary permits, you can start your company’s operations and practice your business.
  You can also hire local consultants or specialized companies such as Itqan Company, which has extensive experience in establishing companies, to simplify the procedures and ensure full compliance with the requirements.

Dubai Multi Commodities Centre Company Opening Fees

The fees for opening a company in the Dubai Multi Commodities Centre (DMCC) vary depending on the type of company and the business activity involved. Fees typically include the cost of registering the company, issuing a license, and renting premises, as well as additional fees that may include specialized licenses, such as special business licenses or health licenses. When considering opening a company in the DMCC, it is also important to consider other fees such as:

1. Registration Fees: Includes the cost of registering the company with DMCC.
2. Licensing fees: The costs of issuing a commercial license that allows the company to practice its activity.
3. Headquarters Fee: The cost of renting the office or office space from which the company will operate.
4. Additional Licensing Fees: These may include any additional licenses or permits depending on the type of business the company will be conducting.
   It is best to contact the DMCC directly or a local legal advisor such as Itqan for exact details on the fees associated with company formation.

Do companies need licenses in DMCC?

Yes, businesses in the Dubai Multi Commodities Centre (DMCC) may require an additional trade license depending on the type of business activity they are conducting. While the DMCC provides general trade licenses, some activities may require specific licenses or additional permits. Here are some examples of additional licenses that may be required:

• Financial Activities License: If the company is engaged in financial activities such as banking, insurance, or asset management, it may need a special license from the Securities and Commodities Authority or other relevant financial authorities.
• Specialized Business Licensing: Some activities such as trading in food, chemicals, or heavy equipment may require additional licenses from regulatory or supervisory authorities.
• Industrial Activity Licensing: Companies operating in the industrial or manufacturing sector may require additional licenses related to industrial equipment or environmental impact.
• Work Permits: Companies employing foreign workers require work visas and work permits for employees, which can be obtained from the Department of Human Resources and Social Development or the relevant authorities in Dubai.
• Health Licenses: If your company is in the healthcare or restaurant industry, you may need health licenses or food safety permits.
• Special Business Licenses: Businesses operating in areas such as tourism, education, or any other special business activity may require additional licenses or permits to ensure compliance with local and international requirements.
  It is important to check the specific licensing requirements based on your company’s business type and contact DMCC for up-to-date and accurate information on all required licenses and permits.

Types of companies that can be established in Dubai Multi Commodities Centre

In Dubai Multi Commodities Centre (DMCC), several types of companies can be established based on the nature of the business and the needs of the investors. Here are the types of companies that can be established in DMCC:

1. Limited Liability Company (LLC): This is the most common form of business formation in the DMCC. It is flexible and provides protection for shareholders’ assets from personal liability. There can be one or multiple owners, and the company enjoys tax exemptions.
2. Subsidiary: International companies can establish a branch in a DMCC. A branch is the geographical expansion of the parent company and can carry out the same business activities as the parent company.
3. Subsidiary: Parent companies can open subsidiaries in DMCC. Subsidiaries are affiliated with the parent company and benefit from its infrastructure and resources.
4. Sole Proprietorship: Individuals can establish sole proprietorship companies in DMCC. This type of company allows an individual to be the sole owner and have the final say in all business matters.
5. Holding Company: Holding companies that invest in other companies or manage a group of companies can set up a holding company in the DMCC. These companies are used to manage and coordinate investment activities.
6. Limited Liability Company with Investment Participation: These companies are an option for individuals and companies that want to invest or participate in specific business ventures.
   Each type of these companies requires different documents and requirements, so it is best to consult with a legal advisor such as Itqan or with DMCC directly for precise details on the available options and registration procedures.