Thinking global but want a safe, profitable place to start? Welcome to Dubai Multi Commodities Centre (DMCC) – Dubai’s most awarded free zone and one of the fastest-growing business districts in the region.
In today’s competitive world, Indian and foreign investors are constantly looking for a launchpad that offers global reach, tax efficiency, and a straightforward setup process. That’s exactly what DMCC delivers. Located in the heart of Dubai, DMCC has become the preferred business destination for over 24,000 companies from 180+ countries. In 2023 alone, it added 2,692 new businesses, making it one of its strongest years yet.
But what makes DMCC so attractive, especially to Indian entrepreneurs? It's not just the zero taxes or full ownership benefits. It’s the unmatched access to global markets, cutting-edge infrastructure, and a business community built for collaboration and growth.
What is DMCC Free Zone?
The Dubai Multi Commodities Centre (DMCC) is a leading free zone established in 2002 to enhance commodity trade flows through Dubai. It serves as a global hub for businesses involved in commodities such as gold, diamonds, precious metals, energy, steel, and agricultural products.
DMCC is located within the Jumeirah Lakes Towers (JLT) district, a mixed-use development comprising over 80 high-rise residential and commercial towers set around lakes. This prime location offers excellent connectivity to key transport links, including proximity to Dubai International Airport and Jebel Ali Port.
Business Sectors Supported in DMCC Free Zone
DMCC supports a diverse range of business sectors, including:
Commodities
Facilitating trade in gold, diamonds, precious metals, and agricultural products.Energy
Supporting businesses in the oil and gas sectors.Technology
Providing a conducive environment for tech startups and established firms.Professional Services
Hosting consultancies and service providers across various industries.Financial Services
Accommodating firms offering banking, insurance, and investment services.Logistics
Serving companies specializing in supply chain management and transportation.Benefits of DMCC Free Zone Company Setup
Business setup in DMCC Dubai offers numerous advantages for Indian entrepreneurs and companies aiming to establish a presence in Dubai's dynamic market. Key benefits include:
1. 100% Foreign Ownership
DMCC allows full foreign ownership, eliminating the need for a local partner. This grants investors complete control over their business operations and decisions.
2. Tax Advantages
Businesses in DMCC benefit from a 0% corporate and personal income tax rate, with a guaranteed tax holiday for 50 years. This tax-efficient environment enhances profitability and encourages investment.
3. Easy Setup ProcessDMCC makes setting up a business easier. They help you deal with all the complicated paperwork and support you. This means you can spend more time on your business and less on paperwork.
4. Flexible Office Solutions
Businesses can choose from a variety of office solutions, such as flexi-desks, serviced offices, and physical office spaces, catering to different operational needs and budgets.
5. Access to a Diverse Business Community
With over 25,000 registered companies from 180+ countries, DMCC provides a vibrant, multicultural business environment. This diversity provides networking opportunities, collaborations, and exposure to international markets.
6. Recognition and Awards
DMCC has been recognized as the 'Global Free Zone of the Year' by the Financial Times' FDI Magazine multiple times, reflecting its excellence and attractiveness as a business destination.
Types of Business Licenses Offered in DMCC
The DMCC Free Zone offers various license types to accommodate diverse business activities. The primary licenses include:
1. Trading License
This license permits businesses to engage in activities related to the buying and selling of goods. It encompasses import, export, distribution, and storage of products specified in the license.
2. Professional License
Designed for businesses providing services, this license allows entities to offer professional or consultancy services specified in the license.
3. Industrial License
This license is suitable for businesses involved in light manufacturing activities, such as the production or assembly of products specified in the license
4. Dual License (DMCC + DED for Mainland Operations)
Through a partnership with Dubai's Department of Economic Development (DED), DMCC offers a dual licensing scheme. This arrangement enables DMCC-registered companies to establish a presence and operate in Dubai's mainland under a DED license, facilitating broader market access.
One significant advantage of obtaining a DMCC license is the ability to include up to six business activities from the same category under a single license. Additional activities beyond these six can be added for a fee of approximately. AED 1,500 per activity annually.
DMCC Free Zone Company Formation Process
DMCC Free Zone Company Setup involves a structured process designed for efficiency. Here's a step-by-step process to help you get started:
Step 1: Determine Your Business Activity
Begin by identifying the specific business activities you intend to undertake. DMCC offers a wide range of permissible activities, and selecting the appropriate ones will influence the type of license you require.
Step 2: Choose a Company Name
Select a unique name for your company that adheres to DMCC's naming conventions. Ensure the proposed name reflects your business activity and complies with the UAE's legal requirements.
Step 3: Submit Online License Application
Access the DMCC online portal to complete and submit your application. This includes providing details about shareholders, management, and the chosen business activities. An initial application fee of AED 1,015 is required at this stage.
Step 4: Obtain Provisional Approval
After submitting your application, DMCC will review the provided information. Upon successful evaluation, you'll receive provisional approval along with a bank letter to facilitate the opening of a corporate bank account.
Step 5: Choose Office Space
Decide on a suitable office solution within the DMCC Free Zone. Options range from flexi-desks to full-fledged office spaces, depending on your business needs. Finalizing your office selection is essential for license issuance.
Step 6: Submit Legal Documents and Payments
Prepare and submit the necessary legal documents, including the signed Memorandum and Articles of Association, and pay the required registration and license fees. DMCC will then issue your company license, typically within five working days.
Step 7: Open a Corporate Bank Account
With your license in hand, proceed to open a corporate bank account in Dubai. The bank letter provided during provisional approval will assist in this process. Choose a bank that aligns with your business requirements.
Step 8: Apply for Visas
Utilize DMCC's online portal to apply for visas for shareholders and employees. The number of visas available depends on your office space and license type.
Documents Required for DMCC Free Zone Company Formation
Here’s a checklist of documents you’ll need for your DMCC Free Zone Company Setup:- A copy of your passport (plus UAE residence visa/Emirates ID, if applicable)
- Online Pre-Approval Application Form
- Parent company documents
- No Objection Certificate (NOC), if needed
- Proof of residential address in your home country (e.g., utility bill or bank statement)
- Confirmation of office space (post-registration)
- Bank reference letter
Please note that DMCC reserves the right to request additional documents during the application process. It's always better to consult business setup experts to ensure the accuracy of each document.
DMCC Free Zone License Cost
The DMCC license cost typically ranges from AED 10,000 to AED 50,000, depending on the specific business activity. However, the ultimate cost of the license may change depending on the license type, specific business activities, and other relevant considerations.
Shuraa India offers cost-effective company registration in the DMCC Free Zone, assisting with business setup, trading licenses, and visa costs.
DMCC Free Zone License Renewal Cost
Renewing a business license in the DMCC Free Zone involves specific fees that vary based on the license type and renewal duration. Here are the estimated license renewal costs:
- 1-Year Renewal: AED 20,265* per year
- 2-Year Renewal: AED 40,530*
- 3-Year Renewal: AED 60,795*
- 5-Year Renewal: AED 101,325*
Renewals delayed between 31 to 60 days incur a penalty of AED 2,500. Therefore, it's advisable to renew your license promptly to avoid penalties and ensure uninterrupted business operations.
Business Liquidation Process in DMCC Free Zone
Closing a company in DMCC involves a few key steps to ensure legal compliance:
1. Board Resolution
Prepare and submit a shareholders' resolution approving the liquidation and appointing a DMCC-approved liquidator.
2. Appoint a Liquidator
Submit the liquidator’s appointment letter along with other required documents via the DMCC portal.
3. Submit Initial Documents
These include the original trade license, MOA/AOA, establishment card, and the liquidation resolution.
4. Cancel All Visas & Permits
All employee, partner, and dependent visas must be cancelled, along with any active DMCC permits.
5. 14-Day Public Notice
DMCC publishes a notice of liquidation for 14 days to allow creditors to raise claims.6. Final Liquidator’s Report
Once all dues are cleared, the liquidator submits a final report to DMCC.7. De-registration
After approval, DMCC issues a license cancellation certificate and de-registers the company.
Shuraa India can assist you through every step of the DMCC company liquidation process, ensuring smooth and hassle-free closure.How Shuraa India Helps with DMCC Company Formation
DMCC Free Zone company setup is a great choice. especially for Indian investors. With full ownership, tax benefits, and a strong global network, DMCC gives you everything you need to grow your business in Dubai. And with Shuraa India by your side, the setup process becomes much easier.
We help you at every step, whether it’s choosing the right license, preparing documents, getting approvals, finding office space, opening a bank account, or applying for visas. Our team is here to support Indian and foreign business owners from start to finish. Get in touch today and kick-start your business journey in DMCC with Shuraa’s expert support.
Frequently Asked Questions
1. Can Indian citizens own 100% of a company in DMCC?
Yes, Indian investors can enjoy 100% ownership of their DMCC company without needing a local sponsor.
2. What types of businesses can I start in DMCC?
DMCC supports a wide range of businesses including trading, services, tech, commodities, crypto, and more.
3. What is a dual license in DMCC?
A dual license allows your DMCC company to operate in both DMCC Free Zone and Dubai Mainland by obtaining a DED permit.
4. Can I open a corporate bank account with a DMCC company?
Yes, DMCC-registered companies are well-recognized by local and international banks in the UAE, and Shuraa India can help you with the bank account opening process.
