©2019 by Corporate House

DMCC Free Zone

Dubai Multi Commodities Centre "DMCC" is a waterfront master development, spanning 500 acres, utilised for various commercial, residential and retail purposes. There are in excess of 8,500 registered organisations, with DMCC one of the largest Free Zones within the UAE, recognised primarily as a trading centre for a number of different facilities, the foundation of which is trade-focused, centred on precious metals, the tea industry., agro, pearl, diamond and gold. Furthermore, the DMCC provides a community comprising more than 80,000 individuals who either work or live in Jumeirah Lakes Towers.

Benefits of setting up a company in DMCC:

  • 100% foreign business ownership

  • 0% Corporate tax rate.

  • 100% capital repatriation

  • A regulated licensing environment offering a full range of business activities

  • Strategic location on Sheikh Zayed Road in the heart of New Dubai, connecting Dubai and Abu Dhabi.

  • Wide variety of quality commercial offices, suited for all business types and professional corporate venues.

  • Purpose-built infrastructure and unique Worldwide centre.

Office Space

Every DMCC company must have a registered office. The Jumeirah Lakes Towers which is the home of DMCC free zone offers different solutions, starting from a Flexi Desk facility to fitted or unfitted office spaces in the DMCC Business Park. However, a company can choose to lease or buy an office providing that it is located in one of the many office building in the Jumeirah Lakes Towers.

Visas

Once the company has been registered, the license and establishment card will be issued and the company can apply for a renewable 3 years UAE residency permits/visas for shareholders and employees. If the company has a Flexi Desk arrangement, it is entitled for 3 visas, while in the leased office arrangement, 1 visa is allocated for each 10 square meters of leased office space.
Following to the successful process of the visa application, the applicant will complete the medical test procedures and get the residency permit stamped on their passport. The process normally takes seven working days to be completed. Corporate House staff ensures our clients will complete the process in the least painful and most effective way.
After the issuance of the visa, the visa holder can sponsor their direct family immediately. It has to be noted that a UAE resident needs to visit the UAE at least once every six months to maintain the validity of their residency visa.

Reporting

Each Free Zone company must have an independent auditor to prepare its audit report. The report should be kept in their registered office to be available for inspection.

Capital Deposit and Bank account

DMCC companies are required to have a minimum capital of AED 50,000 or 10,000 per shareholder. Depending on the company type the capital could be higher as in the General Trading companies for instance, in other cases the capital is not a requirement as in the case of branch offices.  DMCC  require the capital to be deposited in a bank account not later than 3 weeks from the date of successful registration of the company.

For more information or to know about other free zones in the UAE