DMCC DMCC Company Formation

A DMCC licence is a business licence that is given out by the Dubai Multi Commodities Centre. Furthermore, it enables a company to trade and conduct business within the DMCC free zone authority and globally. Additionally, DMCC stands out as one of the free zones for trading international goods with the fastest growth in the world.

An LLC separates itself from its owners. It does not transfer its debts to its shareholders. Typically, a shareholder’s responsibility is limited to the amount of unpaid share capital. The rules and regulations of a DMCC company mandate that all share capital must be paid up (i.e., deposited into the company’s bank account).

A DMCC company must have at least one shareholder and one director. Both can be people who don’t live in the UAE, or they can be the same person. For a DMCC company to be set up, it needs at least AED 50,000 (US$13,615) in paid-up share capital.

Incorporating a DMCC company initiates with an initial meeting facilitated by Blackswan Business Consultants. During this session, our team will assist you in selecting the appropriate business type, legal activities, and suitable office space. Subsequently, we will proceed to finalize the application and compile all the requisite documents for submission.

Businesses and people who work in DMCC don’t have to pay any taxes, including personal and income tax. This rule has been in place for 50 years since the beginning of the DMCC free zone. Contact our team if you have any questions about taxes, and a member of our Tax Department will be able to help.

If a business’s taxable sales and imports add up to more than AED 375,000 per year, it must sign up for VAT. Entities whose annual exports and imports add up to more than AED 187,500 do not have to do it.

Trading licences, industrial licences, and service licences stand out as the most common types available within DMCC. Determining the suitable license for your business hinges on its nature, objectives, and specific activities. Moreover, our team of experts specializing in business setup is primed to assist you through a free discovery consultation. This process aids in selecting the appropriate license type and activities for your business. Don’t hesitate to send us an email now; we’ll promptly arrange a call to discuss your needs.

In DMCC, you can rent a flexi desk, a serviced office, a physical office, or a retail shop or space.

Within a DMCC company, there exists a vast array of business activities available for pursuit. These activities span a broad spectrum, encompassing diverse fields ranging from general trading to specialized consulting and services tailored for every industry imaginable. Should you desire further information or guidance regarding DMCC licensing, do not hesitate to reach out to Blackswan Business Consultants. Furthermore, you can engage in a no-cost, obligation-free discussion with a member of our proficient DMCC licensing team. This opportunity allows you to address your inquiries or explore potential opportunities hassle-free.

The expenses associated with renewing a DMCC free zone license are contingent on the company’s setup, the type of license it holds, and its business activities. For further details and a complimentary consultation regarding your DMCC company renewal, feel free to reach out to our dedicated renewal team. Moreover, they can provide valuable insights based on your specific circumstances. Additionally, they can guide you through the renewal process seamlessly.

DMCC offers you the liberty to modify your current DMCC company. Moreover, within the DMCC ecosystem, you have the option to transfer shares, modify the company’s name, adjust its shareholders or management, and undertake several other alterations. Consequently, if you require assistance with altering your company’s services, please get in touch with Blackswan’s proficient structuring team.

The minimum requirements for closing down a DMCC company include cancelling all of the company’s visas, passing resolutions, and obtaining clearance certificates and liquidation reports, among other necessary steps. Additionally, please contact our team if you require assistance with the liquidation of your DMCC company.

Companies that are part of DMCC are called “free zone companies.” You can set up a company as either a new company, a subsidiary company, or a branch company.

Known as Dubai Multi Commodities Centre, DMCC stands out as one of Dubai and the UAE’s most trustworthy free zones. Famed for its reliability, the DMCC free zone in Dubai, UAE, offers a plethora of advantageous options. Additionally, it stands as an ideal destination for your business to initiate and flourish.

The benefits of being a DMCC member encompass various advantages, such as not having to pay taxes on personal or business income. Additionally, members enjoy the freedom of owning 100% of their business and the potential to reclaim their capital. Moreover, the advantageous location, flexible solutions, and user-friendly online portal further enhance the membership experience.

No. DMCC is a free zone in Dubai, United Arab Emirates.