Business setup in Dubai Multi Commodities Centre (DMCC):
Dubai Multi Commodities Centre (DMCC) is the best free zone in Dubai and UAE and also declared as the world best free zone. The reason behind attaining this status is the opportunities and advantages available to various businesses.
Generally, DMCC provides manufacturing, import, and re-export facilities to companies and traders related to soft agriculture, precious metals, base metals & steel and energy sector.
Before, there was JLT license available for businesses related to non-commodities sector in Dubai Multi Commodities Centre (DMCC). Apart from the above stated sectors, you can also start business in DMCC in sectors like healthcare, FMCG, construction, education, media, aviation, shipping and others.
Types of licenses available in DMCC
According to the type of business activity, there are mainly three types of licenses available in DMCC
1. Trade license
2. Service license
3. Industrial license
Registration of a new company in Dubai Multi Commodities Centre (DMCC).
โข Submit online application
โข Then you will receive a link by an email from DMCC.
โข After completing all pages of online pre-approval application, upload the required documents followed by a payment of 1,000 and then submit the application.
โข You have to choose the company type,
โข Choose the bank that you intend to open an account with, the financial year dates and contact details.
โข Then select your business activity.
โข Add all the shareholder personal and passport details and select the number of shares.
โข Appoint company people such as license manager, director, HR Signatory and their powers and E-signature subscription details.
Required documents for Pre-approval
โข Passport copy,
โข Copy of UAE residence visa and EID
โข No Objection Certificate (NOC) from sponsor (in case of valid UAE residence visa)
โข Summary of business plan
โข Third party approvals (for specific business activities)
โข Office address in DMCC free zone
โข Residential address proof (utility bill or invoice) in country of residence
โข Copy of parent company documents (only in case of setting up a subsidiary)
โข Know Your Client (KYC) form for each Shareholder, Director, Manager, Secretary and also Legal Representative (system generated).
โข HR Signatory Appointment Letter (system generated)
DMCC will provide company name reservation and also the approval application within 5 to 10 working days.
Note: Validity of the Pre-Approval is 90 days.
Required documents for the Registration
you will receive a notification detailing the requirements for the registration stage, after the pre-approval
โข Specimen signature form for each Shareholder, Director, Manger, Secretary aand also Legal representative
โข Passport for each Shareholder, Director, Manager, Secretary and also Legal representative and Visa if holding a UAE residence visa
โข Shareholdersโ Resolution
โข Standard Undertaking Letter (system generated)
โข Memorandum of Association and also Articles of Association (system generated).
After submission of all the required documents and also paying registration and license fee, the DMCC will issue Provisional Approval Letter and Bank Letter.
Note: Both Provisional Approval and Bank letter are valid for 90 days from date of issuance.
After the submission of required documents for new office space, DMCC shall issue the following system generated documents:
โข Company License
โข Attested DMCC Memorandum of Association and also Articles of Association (MOA)
โข Share Certificate(s)
โข Certificate of Registration
โข Personnel Secondment Agreement (PSA)
DMCC will issue e-license after five working days. This will allow you to open a business in DMCC.
We at MSZ Consultancy, we will assist you to setup your business in DMCC. Contact us: +971 52 544 1248 or Email us: info@mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Trade License in Sharjah: How to Secure Yours and Establish Your Business
Dubai and the Sharjah Free Zone Dubai is one of the world's largest business hubs, with a thriving economy and endless opportunities for savvy investors. And for those looking to take advantage of the cityโs advantageous economy, setting up a business in Sharjah Free...
The Cheapest Free Zones in the UAE
Free Zones in the UAE Starting a business in the United Arab Emirates (UAE) can be an excellent opportunity for entrepreneurs looking to tap into the country's booming economy. One popular option for setting up a business in the UAE is to establish it in a free zone....
Business Setup in Dubai: Myth vs. Fact
Business Centers in Dubai Dubai is a fantastic destination for investors looking for opportunities in the business world. The city and government authorities have implemented business-friendly regulations to encourage foreign investment, making it easier for companies...
The Guide to Opening a Dubai Offshore Company Bank Account
Offshore Banking in Dubai Opening an offshore bank account in Dubai can be a great way to access the region's financial opportunities, even when operating from a remote location. Whether you're looking to start a business, invest in real estate, or manage your...
Dubaiโs Economy Grows Despite Stifled World Market Outlook
Dubaiโs Economy Dubai's economy has been showing signs of steady growth even amid a worldwide economic slowdown. In fact, according to recent data, the GDP of Dubai rose by 4.6% last year, demonstrating the resilience and adaptability of the emirate's economy. This...
The First Space Economic Zone in Masdar City
The UAE Space Agency The United Arab Emirates (UAE) has made significant strides in space technology in recent years. And the UAE Space Agency, established in 2014, is at the forefront of this development. The Agency's latest achievement is the creation of the first...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news