DUBAI MULTI COMMODITIES CENTRE (DMCC)
COMPANY FORMATION

An LLC is regarded as an entity separate from its shareholders. An LLC company does not extend its liabilities to its shareholders. Generally, the shareholder’s liabilities are limited to the amount of unpaid share capital. Under DMCC company rules and regulations, all share capital is required to be paid up (i.e., deposited in the company’s bank account).

A DMCC company must have a minimum of one shareholder and one director, who can both be non-residents of the UAE, and can be the same person. A minimum paid-up share capital of AED 50,000 (USD $13,615) is required for the establishment of a DMCC company.

DMCC company incorporation includes an initial consultation with Creation Business Consultants. Our team will guide you in choosing the right activities, legal type, and office facilities. Following on we will complete the application and submission of the required documents. If you are looking to set up a business in DMCC, reach out to our team via email – [email protected] and we will arrange a free expert consultation.

Establishments and individuals operating in DMCC are exempt from all taxes including personal tax and corporate tax (provided they comply with all regulatory requirements). This rule is in effect for a period of 50 years from the date of inception with DMCC free zone. Should you have any tax inquiries, reach out to our team at [email protected] and a member of our Tax Department will be able to assist.

Entities must register for VAT if its taxable supplies and imports exceed AED 375,000 per annum. It is optional for entities whose supplies and imports exceed AED 187,500 per annum.

The common license types in DMCC are trading license, industrial license, and service license. The type of license that is right for your business will depend on your business’s nature, activities, and goals. Our team of business structuring experts is ready to complete your discovery free consultation to guide you on the right license type, activities, and options for your company. Email  [email protected] today and we will arrange a consultation call.

Some of the amenities and lease options in DMCC are flexi desk, serviced office, physical office, and retail shop or space.

Hundreds of business activities are available for DMCC company set-up. The business activities offer a wide range from general trading to consulting and services for every type of industry. Reach out to Creation Business Consultants at [email protected] for your free no commitment consultation with our DMCC licensing team experts.

DMCC free zone license renewal costs will depend on the company’s structure, license type, and business activities. If you require our assistance to complete your DMCC company renewal, reach out to our renewal team at [email protected] for more information and free consultation.

DMCC offers flexibility to make amendments to your existing DMCC company. Share transfer, company name change, change of shareholders or management, change of activity and other variety of amendment services are feasible in DMCC. Reach out to Creation’s structuring team at [email protected] for guidance and support on your company amendment service request.

The minimum requirements for the liquidation of a DMCC company include cancelation of all visas under the DMCC company, resolutions, clearance certificates and liquidation reports, etc. Contact our team at [email protected] for assistance on your DMCC company liquidation.

The costs of a UAE residence visa under a DMCC free zone company will vary on a few factors such as inside the country or outside the country application; investor/partner type visa or employment visa. For more information, contact our visa specialists at [email protected] for your visa consultation meeting.

Below are the types of new DMCC companies:

1. Individual: Owned by single or multiple shareholders that are natural persons.
2. Joint Venture: A a company owned by a combination of individual(s) and company(ies) or owned by more than one company.
3. Subsidiary: A company owned 100% by another company (“Parent”). The subsidiary company may perform different business activities than its Parent, and may have a different company name. It is worth noting that a subsidiary is defined differently for accounting purposes.
4. Branch: A branch is legally part and an extension of the parent company and does not have a legal identity distinct from its parent company.

Entities with taxable supplies over AED 375,000 per annum are obliged to register for VAT. The general UAE VAT rate is 5%, which applies to the majority of goods and services; however, some goods and services may be subject to a 0% rate or be exempt from VAT (subject to specific conditions being met).

A DMCC license is a business operating license issued by the Dubai Multi Commodities Centre (DMCC). DMCC is the leading centre for trading international commodities and the fastest growing free zone in the world.

Dubai Multi Commodities Centre is a free zone in the Emirate of Dubai which is regulated by the Dubai Multi Commodities Centre Authority (DMCCA). The authority introduced new DMCCA Company Regulations 2020 with a set of new employment and licensing rules.

Entities incorporated in DMCC are free zone companies. The entity options for company setup include a new company, subsidiary, or branch company.

DMCC means Dubai Multi Commodities Centre. DMCC is one of the most credible free zones in Dubai and the UAE. DMCC free zone offers a range of suitable options and a prime location for your company setup and expansion in Dubai, UAE.

DMCC member advantages include 0% personal and corporate income tax, 100% business ownership, capital repatriation, strategic location, flexible solutions, and an efficient online portal for all services.

No. DMCC is a free zone situated in Dubai, UAE.