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).

• Submit online application

• Then you will receive a link by an email from DMCC.

• 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.

• You have to choose the company type,

• Choose the bank that you intend to open an account with, the financial year dates and contact details.

• Then select your business activity.

• Add all the shareholder personal and passport details and select the number of shares.

• Appoint company people such as license manager, director, HR Signatory and their powers and E-signature subscription details.

Required documents for Pre-approval

• Passport copy,

• Copy of UAE residence visa and EID

• No Objection Certificate (NOC) from sponsor (in case of valid UAE residence visa)

• Summary of business plan

• Third party approvals (for specific business activities)

• Office address in DMCC free zone

• Residential address proof (utility bill or invoice) in country of residence

• Copy of parent company documents (only in case of setting up a subsidiary)

• Know Your Client (KYC) form for each Shareholder, Director, Manager, Secretary and also Legal Representative (system generated).

• 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

• Specimen signature form for each Shareholder, Director, Manger, Secretary aand also Legal representative

• Passport for each Shareholder, Director, Manager, Secretary and also Legal representative and Visa if holding a UAE residence visa

• Shareholders’ Resolution

• Standard Undertaking Letter (system generated)

• 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:

• Company License

• Attested DMCC Memorandum of Association and also Articles of Association (MOA)

• Share Certificate(s)

• Certificate of Registration

• 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: +971589827842 or Email us: info@mszconsultancy.com

Find out how much it cost you to setup your Dream Business

Other Recent Blogs

How to start an eCommerce business in Dubai

How to start an eCommerce business in Dubai

The accessibility of the internet facility and the usage of smartphones have helped growth in the eCommerce industry. Shopping every basic necessity online is a trend these days. Many individuals are moving from traditional shopping to online shopping. Starting an...

How to start a general trading business in Dubai

How to start a general trading business in Dubai

Dubai is one of the major business locations for businessmen and entrepreneurs. UAE is considered to be one of the most popular trading ports around the world. Starting a general trading business in Dubai is going to be beneficial for entrepreneurs. However, there are...

How to start a retail shop in Dubai

How to start a retail shop in Dubai

Dubai is one of the most attractive markets in the region for retailers with growth opportunities in the UAE. Setting up a retail shop in Dubai can be very advantageous and growth-oriented for entrepreneurs and business people. To start a retail shop in Dubai, there...

How to start a foodstuff trading in Dubai

How to start a foodstuff trading in Dubai

The foodstuff trading business is growing drastically in Dubai. If you are planning to start this business in Dubai then you have made the right decision, due to its immense potential as most of the food supplies in the UAE are exported imported, packed and...

How to start an industrial company in Dubai:

How to start an industrial company in Dubai:

To set up an industrial company in Dubai it requires various documentation procedures to be followed and is a tedious process. Industrial licenses are issued to the organizations that convert natural resources to finished goods. If you are planning to start an...

Steps to start a business in the UAE

Steps to start a business in the UAE

Dubai holds the first position in the business professional list. Due to its tax-free norms and ease of doing business, it attracts international investors dealing in any business industry. To start a business in Dubai is one of the perfect options for entrepreneurs...

Subscribe to Our Newsletter

We’ll keep you updated on the latest trends and news

Request a call back

Would you like to speak to one of our business advisers over the phone?  Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

1407, Mai Tower, Al Nahda, Dubai
United Arab Emirates, P.O.Box 19845
+971 58 982 7842
+971 4 229 7508
info@mszconsultancy.com

WhatsApp WhatsApp us