DMCC, short for Dubai Multi Commodities Centre, is a free zone located in Dubai, United Arab Emirates. It was established in 2002 by the Government of Dubai to enhance the trade and investment of commodities in the UAE.
DMCC provides a world-class infrastructure and a business-friendly environment for companies to operate in various industries, including gold, diamond, precious metals, tea, cotton, and other commodities. The free zone is home to over 18,000 companies from different parts of the world, making it the largest free zone in the UAE.
DMCC offers a range of services and facilities to its members, including free zone company formation, licensing, visa processing, and business support services. It also provides various incentives, such as 100% foreign ownership, no personal income tax, and no currency restrictions, to attract foreign investments and encourage business growth.
The importance of DMCC in the UAE lies in its contribution to the country’s economy. It has become a significant player in the global commodities market, with Dubai becoming one of the largest trading hubs for gold and diamonds in the world. The free zone has also helped to diversify the UAE’s economy, reducing its dependence on oil and gas by promoting other sectors such as trade and logistics.
Benefits of DMCC
Dubai Multi Commodities Centre (DMCC) is one of the most popular free zones in Dubai, United Arab Emirates, offering various benefits to businesses looking to establish their presence in the region. Here are some of the benefits of DMCC:
Strategic Location of DMCC in Dubai: DMCC is located in the heart of Dubai, making it a strategic location for businesses looking to tap into the Middle East, Africa, and South Asia markets. Dubai’s central location also makes it an ideal gateway to other global markets.
Access to Global Markets and Trading Opportunities: DMCC provides businesses with access to global markets and trading opportunities through its extensive network of international partners and buyers. This access enables businesses to expand their reach, tap into new markets, and explore new trading opportunities.
Tax-Free Environment: DMCC provides businesses with a tax-free environment, with no corporate and personal income tax, making it an attractive destination for businesses looking to optimize their profits.
Business-Friendly Regulations and Policies: DMCC’s regulatory framework is business-friendly, enabling businesses to set up and operate their operations with ease. DMCC also provides businesses with a range of support services, including licensing, visa processing, and business setup services.
State-of-the-Art Infrastructure and Facilities: DMCC provides businesses with world-class infrastructure and facilities, including modern office spaces, advanced communication technology, and state-of-the-art logistics facilities. This infrastructure supports businesses in conducting their operations efficiently and effectively.
DMCC offers businesses a range of benefits, making it an attractive destination for businesses looking to expand their operations in the UAE and tap into global markets. The strategic location, tax-free environment, business-friendly regulations and policies, and state-of-the-art infrastructure and facilities make DMCC an excellent choice for businesses looking for a secure and reliable trading platform.
Business setup in DMCC
If you’re planning to establish your business in the DMCC Free Zone, My Business Consulting DMCC can offer personalized assistance to help you craft a tailored package, find the best company structure, locate the optimal facility, and provide ongoing support for success in the World’s #1 Free Zone. The following is a comprehensive list of general business setup costs, but we recommend that you contact our Business Setup Experts for a customized proposal and to stay updated on the latest business setup promotions from DMCC.
License Type:
The DMCC Free Zone License is generally awarded for core commodity trading activities such as Gold and Precious Metals, Diamonds, Pearls, Plastics, Energy, Oil, Steel and Base Metals, Chemicals, Food, textile, and raw material.
In addition to Trading and General Trading licenses, DMCC free zone business setup can also be based on an industrial or commercial license. Each company activity falls under a specific type of license.
The list of license types available in DMCC includes initial approval, registration, and license fees. The cost of each license type for the first and second year is as follows:
| License Type | 1st year | 2nd-year |
| General Trading License | AED 84,165 | AED 50,285 |
| Consultancy / Service | AED 34,160 | AED 20,285 |
| Trading / Commercial License | AED 34,160 | AED 20,285 |
| Industrial License | AED 34,160 | AED 20,285 |
| Branch Company | AED 32,140 | AED 20,285 |
Note: All fees are subject to an additional 5% Value Added Tax (VAT).
For the latest prices and promotions, please contact our Business Setup Experts.
Type of Office Facilities:
To maintain a license in DMCC, renting an office is mandatory, and the eligibility for a visa is linked to the facility’s size, i.e., one visa per nine square meters.
The available options for office facilities are Flexi Desk, Small Fitted Office, Business Center
Office, Physical Office for Lease, Physical Office for Sale, and Retail Shop.
The annual cost for each facility size in AED is as follows:
| Flexi Desk | Small Fitted Office | Business Center Office | Physical Office for lease | Physical Office for sale | Retail Shop | |
| Facility size-sq. m. | 20-30 | 120-230 | 20+ | 50-250 | 50-250 | 110-350 |
| Annual Cost (AED) | AED18,457 | AED32,421 | AED 50,000+ |
AED 80+ for sq. m. |
AED 700+ for sq. m. |
AED 200,000+ |
Note: All fees are subject to an additional 5% Value Added Tax (VAT). For the latest prices and promotions, please contact our Business Setup Experts.
Miscellaneous Documents:
To register a company in the Residency Department, an Establishment Card is a mandatory document. If the company chooses a physical office as their facility, they will require an Operational Fitness Certificate.
The fees for an Operational Fitness Certificate (Commercial Unit), Operational Fitness Certificate (Industrial/Retail), Establishment Card, and Audit Appointment Letter are as follows:
| Operational Fitness Certificate (Commercial Unit) | AED 500 |
| Operational Fitness Certificate (Industrial/Retail) | AED 1,020 |
| Establishment Card | AED 1,825 |
| Audit Appointment Letter | AED 1,000 |
Note: All fees are subject to an additional 5% Value Added Tax (VAT). For the latest prices and promotions, please contact our Business Setup Experts.
Residence Visa in DMCC (valid for 2 years):
The price of a visa depends on the applicant’s current location and whether the application is being made inside or outside of the UAE. Visa amendments can only be made if the applicant has cancelled their previous residence visa or is transferring within DMCC.
The bank guarantee deposit is refunded upon company deregistration. If you are currently in the UAE when applying, you can opt for the Employment Visa Application inside the Country with Local amendment, which allows you to stay in the country and avoids the need to exit for the Visa Status Change process. This process is hassle-free.
| SERVICES | FEES |
| Employment Visa – Outside the Country | AED3,441 |
| Employment Visa – Inside the Country without Status change | AED3,881 |
| Employment Visa – Inside the Country WITH Status change | AED4,706 |
| Company Coordinator Appointment | AED40 |
| Visa Guarantee Deposit | AED3,000 |
| Medical Test & Emirates ID | AED1,230 |
| Health Insurance (Basic Plan) | AED1,000 |
Note: Fees are the subject for additional 5% Value Added Tax (VAT).
For the latest prices and promotions kindly contact our Business Setup Experts
Are you planning to establish a new company in the DMCC Free Zone or any other Free Zone in the UAE? Candour Consulting can provide you with guidance on the DMCC Free Zone laws and regulations, aid you in creating an appropriate corporate structure, and offer complete assistance throughout the company registration process.
Furthermore, we can assist you with opening a personal or corporate bank account, obtaining UAE Residence visas for investors, employees, and family members, and providing proficient Accounting, Bookkeeping, and VAT Compliance services to enable you to concentrate on fundamental business operations.
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