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Dubai Multi Commodities Center

Situated in the heart of the city, the Dubai Multi Commodities Center (DMCC) Free Zone is the perfect business hub. Home to over 19,000 enterprises, DMCC offers advantageous conditions for entrepreneurs and investors worldwide across diverse sectors, from agribusiness to financial services. This article covers the key benefits of the DMCC free zone in the UAE and outlines things worse considering before opening a company.

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Dubai Multi Commodities Center

Posted 15 December 2023

Summary

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Diane, partner of GFLO Consultancy

DMCC Free Zone advantages

1. Dubai Multi Commodities Center is a highly prestigious free zone.
Companies registered in DMCC gain access to favorable geographic location, numerous business-friendly incentives, and developed infrastructure.
2. Possibility of 100% non-resident ownership.
DMCC free zone companies do not require a local partner in their structure and can be established with 100% foreign ownership.
3. Zero taxes.
Similar to other free zones, DMCC offers highly favorable tax conditions for establishing and operating businesses, with no corporate tax, dividend tax, import, or export duties in most cases.

Important:

If a company conducts business in the UAE territory, it will likely be subject to a 5% VAT.

4. Multiple types of licenses.
Dubai Multi Commodities Center enables companies to obtain trade and service licenses across diverse sectors.

Important:

DMCC company licenses are issued for 1 year and require annual renewal.

5. Variety of legal entity types.
Similar to other free zones, DMCC allows company registration in forms such as:

  • Free Zone Establishment (Single shareholder company);
  • Free Zone Company (Multiple shareholders company);
  • Branch;
  • Subsidiary.
Note:

Registering a company in the UAE allows eligibility for obtaining residency visas for its shareholders.

6. Option for online application.
Companies can be applied for registration online, significantly saving time and hassle, making the registration process highly convenient.

Tips to consider

1. Auditing.
Companies registered in DMCC must undergo mandatory auditing for their financial reports.
2. Minimum share capital.
In DMCC, the minimum share capital is AED 50,000, which needs to be deposited into the company’s bank account, however this is not applicable to some activities.

Conclusion

The Dubai Multi Commodity Center is perhaps one of the most promising and prestigious free zones in the UAE. The business creation and operation conditions are straightforward, and the benefits are invaluable. If you have any questions about the DMCC free zone or wish to register your company there, we’re here to assist you at every stage. Contact our experts; we’re looking forward to our collaboration.

Why choose us?

Business registration in the UAE has specific nuances not found in other jurisdictions. Dealing with free zones might be challenging, obtaining a residency visa requires guidance during a personal visit to the UAE, and incorrectly prepared documents might lead to rejection in opening a bank account. To ensure a smooth and successful procedure, it’s best to entrust the process to professionals.

The GFLO Consultancy team has strong connections with most free zones in the UAE and is pleased to offer assistance at every stage.

What can we do for you?

  • Consult on all aspects of company registration in the DMCC Free zone that articles might not cover;
  • Register your company in DMCC;
  • Facilitate obtaining residency visas for you;
  • Assist in opening a bank account in the UAE;
  • Explain the scenarios where the company will pay taxes;
  • Address all queries throughout the process.

GFLO Consultancy experts are pleased to assist and help you with any inquiries, just get in touch or leave a request through the form right below.

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