Dubai Multi Commodities Center is known as DMCC. These can be the highly reputable free zones of Dubai. It is the biggest Free Zone that is 5 times awarded as the “Global Free Zone Of The Year”.

The company formation in DMCC has been the best to register a business in the Emirate of Dubai. They have 16,000 companies. DMCC has been the home to several large corporations.

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DMCC Business Facilities

DMCC is near the area of Jumeirah Lake Towers, where residential and commercial towers can look like a city, that is inside a city.

They have 2 metro stations and are convenient to the highways of Dubai. The Palm Jumeirah and Dubai Marina are across the road, while Downtown is just 10 minutes away.

You can see offices, business centres, clinics, sport clubs, schools within the same area. DMCC companies have some facilities while you rent during the company formation.

Minimally required office space as flexi-desk facility
Serviced desk or office
Executive office in the business towers of JLT
Warehouse of JAFZA free zone

Business activities like professional services or conventional trading ends up with crypto commodities trading.

You can open a clinic, shop, retail business, or a restaurant within the JLT area. This makes DMCC free zone company setup the best alternative for the Mainland company. It usually needs a local citizen as the sponsor. You can be the 100% owner of the DMCC.

The license holds up to 6 business activities of the same group. It’s double the average of the UAE.

DMCC License Costs

The cost for DMCC company set up have these fees:

DMCC License
One-time registration fees
Facility
Rent flexi-desk
Office
Warehouse

DMCC license cost has six related activities which are standard

Types of licenses	Cost (AED)
Pre-approval	1,035
License fee	20,285
Flexi-desk	17,500
Security deposit	1,000
Establishment card	1,800
One-time registration fee	9,020
Memorandum and Articles	2,020
Total	52,660

DMCC Company Setup

The DMCC company setup usually has 2 to 4 weeks of business activity. Most of the procedure can be remotely done.

The shareholder must meet in person to sign the company’s legal documents on the authority’s offices.

Company formation of DMCC has to deposit a share capital to the corporate bank account. Free zones are permitted for 60 days after licensing this procedure. The minimum share capital is 50,000 AED.

Documents For The DMCC Business Setup

Passport copy
Business plan for some activities
Utility bill

Some post-registration formalities are

Demonstration of company’s capital to the DMCC authority
Auditors appointment
Getting stamp for the share certificates
Office inspection if you are in rent

Free zones have promotions for a few times a year. It has substantial discounts for the DMCC company formation.

Dubai Resident Visas

Visas can be valid for owners and employees for almost 3 years. Company owners may not get visa designation of Investors like other zones. But they can top the managerial position.

Employees must have the managerial position in the visa to have attested educational certificates.

If you apply for the resident visas of DMCC, you have to get health insurance before visa stamping. The insurance processing makes the visa procedure longer.

Insurance and visas are taken care of by the business setup consultants of Dubai and are approved by DMCC.

Renewing DMCC License

Company’s renewal prices are lower than the incorporation. A one-time registration fee is not charged. You have to pay only for facility fees and for the license.

This can make DMCC companies to be reasonable for their maintenance. The company in Dubai multi-commodities center authority can give a number audit report if there is no commercial activity.

Business setup consultants of DMCC must carry out the renewal procedure without the personal presence.

Company Amendments

The minor amendments of DMCC must be done remotely. For shares transfer, the personal visit of the owner or the power of attorney is needed.

Average cost for the amendment is 4,000 AED. Few amendments are done for free at the license renewal. For instance, business activities can be added or removed if you renew the company.

Other amendments are

Changing the company name
Changing the location
Adding or removing the company Manager

DMCC Company Liquidation

Company liquidation of the DMCC authority can be a substantial process. There are few steps to be taken:

Final audit
Newspaper advertising of company closure
Closure of bank account
Lease termination
Visas cancelation
License cancelation

The time frame is usually 2 to 5 months. Government fee can be 10,000 AED. The business setup consultants of DMCC shall take the liquidation as well.

DMCC can be the perfect option if you like to open a real office within Dubai of the developed business community. If you start flexi-desk, they expand without the change of place for company registration.

The cheaper option for business setup in Dubai can be IFZA or Dubai South.