DMCC Company Setup

What is DMCC?

DMCC is a free zone in Dubai that was established in 2002. It stands for Dubai Multi Commodities Centre and is home to over 17,000 companies from various industries, including trading, logistics, and finance. DMCC is located in the Jumeirah Lakes Towers area of Dubai and offers a range of benefits to companies that choose to set up there.

Why set up a company in DMCC?

There are several benefits to setting up a company in DMCC, including:

Tax Benefits: Companies in DMCC are exempt from corporate and personal income tax, as well as import and export taxes.

Business-friendly Environment: DMCC offers a business-friendly environment that encourages entrepreneurship and innovation.

Strategic Location: Dubai is strategically located between Asia, Europe, and Africa, making it an ideal location for businesses that want to operate globally.

Infrastructure: DMCC offers state-of-the-art infrastructure, including modern office spaces, high-speed internet, and world-class transportation links.

How to set up a company in DMCC?

Setting up a company in DMCC is a relatively straightforward process. Here are the steps involved:

Choose a company type: DMCC offers several company types, including Free Zone Limited Liability Company (FZ-LLC), Branch Office, and Representative Office.

Choose a business activity: You will need to choose a business activity for your company from DMCC's list of over 600 activities.

Choose a company name: Your company name must be approved by DMCC before you can register your business.

Obtain a license: You will need to obtain a license from DMCC before you can start operating your business.

Register your business: Once you have obtained your license, you can register your business with DMCC.

Set up your office: You will need to set up your office in one of DMCC's designated office spaces.

When setting up a business in DMCC, there are several costs to consider, including:Registration Fees: DMCC charges registration fees for setting up a new company, which vary depending on the type of company you choose. For example, the registration fee for a Free Zone Limited Liability Company (FZ-LLC) is AED 30,000 (approximately USD 8,170), while the registration fee for a Branch Office is AED 10,000 (approximately USD 2,723).License Fees: All companies operating in DMCC are required to obtain a license, which must be renewed annually. License fees vary depending on the type of business activity you choose, and can range from AED 11,000 (approximately USD 3,000) to AED 20,000 (approximately USD 5,450).Office Rent: When setting up a business in DMCC, you will need to rent office space in one of the designated office buildings. Office rent in DMCC can vary depending on the location, size, and type of office space you choose. Prices can range from AED 1,500 (approximately USD 410) per square meter per year to AED 2,800 (approximately USD 764) per square meter per year.Visa Fees: If you plan to hire employees for your business, you will need to apply for visas on their behalf. Visa fees can vary depending on the type of visa you require, and can range from AED 3,000 (approximately USD 820) to AED 5,000 (approximately USD 1,360) per visa.Miscellaneous Fees: There may be other fees associated with setting up a business in DMCC, such as legal fees, bank account opening fees, and insurance fees. These fees can vary depending on your specific needs and requirements.

It is important to note that these costs are subject to change, and may vary depending on a number of factors, such as the size and nature of your business, the location of your office, and the type of services you require.