Business Setup in DMCC

Dubai Multi Commodities Centre, situated in the heart of new Dubai, is the largest and fastest growing free zone in the UAE. DMCC connects more than 14,100 businesses and is home to major multinationals and start-ups. It offers wide-ranging world-class financial services, trading resources and investment platforms and provides easy access to the world’s key commodities markets.

Benefits of DMCC Company Formation

  • 100% foreign business ownership
  • No personal and corporate income tax
  • Complete business ownership and capital repatriation
  • Easy corporate bank account setup
  • Sole shareholders are permitted
  • One-stop shop
  • Online portal for all services
  • No currency restrictions

A dedicated global trading centre and prosperous marketplace for commodities, financial services and specialist industries, DMCC licenses about 170 new companies every month.

The main industry sectors in DMCC are;

  • Gold
  • Diamond
  • Pearl
  • Tea
  • Agro
  • Base metals

Apart from these, DMCC issues various other licenses for sectors such as Business Consultancy, investment etc.

Types of licenses:

  • Trading License
  • Service License
  • Single-family license: This takes care of centralization of a family’s wealth, personal affairs, succession planning and holding shares of family assets, businesses, foundations etc.
  • E-commerce license: If any business wants to use digital/online platform for sale of goods, then you will have to apply for an e-commerce license.

HLB HAMT has been helping enterprises across diverse sectors to establish their company, irrespective of the size of the organization. Our wealth of experience helps us to make the process smooth and uncomplicated. We provide you a detailed picture on how to go about business setup in DMCC. It is our duty to ensure that our clients acquire all necessary permits in a timely manner. We assist our clients in finding an excellent location, securing trade license and sorting out all legal procedures.
Our business advisors will stand by your side from the initial stage till your company becomes operational in DMCC, UAE.

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