Dubai Multi Commodities Centre – DMCC Business Setup
DMCC is a waterfront master development, spanning 500 acres, utilised for various commercial, residential and retail purposes. There are in excess of 8,500 registered organisations, with DMCC one of the largest Free Zones within the UAE, recognised primarily as a trading centre for a number of different facilities, the foundation of which is trade-focused, centred on precious metals, the tea industry., agro, pearl, diamond and gold. Furthermore, the DMCC provides a community comprising more than 80,000 individuals who either work or live in Jumeirah Lakes Towers.
Benefits of a company formation in DMCC Dubai / JLT Free Zone:
- 100% foreign business ownership
- 0% tax rate
- 100% capital repatriation
- A regulated licensing environment offering a full range of business activities
- Strategic location on Sheikh Zayed Road in the heart of New Dubai, connecting Dubai and Abu Dhabi
- Wide variety of quality commercial offices, suited for all business types and professional corporate venues.
- Purpose-built infrastructure and unique Worldwide centre.
Office space requirements & solutions for DMCC company formation
Every DMCC/JLT company must have a registered office. JLT offers different solutions, starting from a Flexi Desk facility to fitted or unfitted office spaces in the DMCC/JLT Business Park. However, a company can choose to lease or buy an office providing that it is located in one of the many office building in the JLT.
After the incorporation, license and establishment card have been issued, the company can apply for a renewable 3 years UAE residency permits/visas for shareholders and employees. If the company has a Flexi Desk arrangement, it is entitled for 3 visas, while in the leased office arrangement, 1 visa is allocated for each 10 square meters of leased office space.
Following to the successful process of the visa application, the client should enter the UAE to complete the medical test procedures and get the residency permit stamped on their passport. The process normally takes between five to seven working days to be completed. Corporate House’s DMCC company setup specialists ensure our clients will complete the process in the least painful and most effective way.
After the issuance of the visa, the visa holder can sponsor their direct family immediately. It has to be noted that a UAE resident needs to visit the UAE at least once every six months to ensure the validity of the visa.
Each Free Zone company must have one or more independent auditors to prepare its audit report. The report should be kept in their registered office to be available for inspection.
DMCC does not require the capital to be paid up front, thus the bank account can be opened at a later stage after the incorporation. Corporate House can assist with this for an extra fee.