The Dubai Multi-Commodity (DMCC) Freezone is the world’s premier hub for company formation in Dubai, UAE. The DMCC freezone in Dubai is considered the world’s best free economic zone, with over 24,000+ registered companies from 180+ countries specializing in over 900 business activities across multiple sectors.
The DMMC freezone company registration in Dubai is designed to meet the needs for building businesses for the future, from start-ups to multinational corporations.
If you’re looking to open a business in Dubai, you can book a free consultation with our expert business setup consultants in Dubai. They’ll guide you through the entire process of starting a business in Dubai.
In this article, you will discover first-hand information on setting up a company in Dubai DMCC freezone.
Why Company Formation in Dubai with DMCC?
DMCC is not just a global hub for setting up a business in Dubai. DMCC is the home of the Jumeira Lake Towers (JLT), a leading destination for commerce and residents with a redefining work-life balance.
Here is why you should consider DMCC as your preferred freezone for starting a new business in Dubai.
- 100% foreign business ownership and capital repatriation to home country.
- 0% personal income tax and 0% corporate tax rate on qualifying income.
- 100% remote and digital company registration procedure.
- Access to business networking events.
- World-class amenities with easy access to Dubai metro and tram.
- Easy business relocation process to Dubai.
Types of DMCC Business Formation in Dubai
DMCC freezone offers many types of company formation in Dubai, with the most common options being as follows:
- Freezone Company (FZC): An FZC company registration in Dubai, DMCC allows for up to 50 shareholders in a company with limited liability to their invested capital.
- Branch of a Foreign Company: The branch of a foreign company is a type of company setup in Dubai that allows a company to perform business activities relative to its parent company.
Types of Company License in Dubai, DMCC
The DMCC freezone authority offers many types of company licenses for starting a company in Dubai. The choice of license is dependent on your type of business activity.
CBS expert business advisors in Dubai can guide you in securing a business license in Dubai tailored to your business needs.
Here are the four main types of company licenses offered by DMCC:
- Professional Business License: Offered to individuals and companies to provide service-related activities like consultancy, art and craft, IT, and Technical Service.
- Commercial License in Dubai: A commercial license in DMCC offers the selling and buying of goods and commodities, import and export, and other general trading-related activities.
- Tourism License: This permits the rendering of services related to travel and tourism in and out of the UAE, such as visa application services, air ticket and hotel reservations, inbound and outbound tour guides, etc.
Step-by-Step Guide to Setup a Company in Dubai, DMCC Freezone
DMMC freezone presents a seamless and remote procedure to open a company in Dubai. For newbies and foreigners, the process of navigating the legal proceedings can be abit daunting.
Taking the assistance of a reputable business setup company in Dubai like Corporate Business Services (CBS) can save you a great deal of time and allow an expert to navigate the process on your behave.
Below are a few key steps to setup a freezone company in Dubai, DMCC.
- Draft a business plan outlining your company structure and business activities.
- Select a unique business name and get a trade name certificate from the Department of Economy and Tourism (DET).
- Fill out the DMCC company registration form and submit it along with the required documents.
- Select the office solutions that best fit your needs.
- Proceed with the payment of your required business license.
- Wait for about 10 working days to receive your business license in Dubai, DMCC.
- Proceed to apply for residency visas and open a business bank account in Dubai.
Documents for Setting up a Company in DMCC
This freezone business setup in Dubai requires fewer documents to setup a company in Dubai. However, some business activities may require the submission of extra approvals from relevant authorities.
The main documents for company incorporation in Dubai, DMCC include:
- Passport copy of all shareholders.
- Copy of UAE residency or EID ( in application).
- Proof of address such as utility bill, bank, or credit card statement.
Cost for Getting a Business License in Dubai, DMCC
Starting a business in Dubai, DMCC can be a great opportunity for startups and SMEs. DMCC offers a cost-effective business license in Dubai with a cost starting at AED 20,000.
However, the actual cost of getting a business license in the DMCC freezone is dependent on the type of business activity you offer and other factors like:
- Number of shareholders
- Number of visas required
- Choice of office needed.
Get Professional Business Setup Services in Dubai
CBS is an Emirati-owned business consulting firm in Dubai with over 17+ years of assisting entrepreneurs and investors in setting up companies in Dubai and the UAE.
Our expert business setup consultants in Dubai can guide you through the entire process of opening a company in DMCC or anywhere in Dubai and the UAE.
We have a team of expert public relations officers who will do all the leg work for you in navigating the legal process to apply for your business license in Dubai.
As a reputable business setup company in Dubai, our service extends beyond business setup and licensing. CBS offers full-suit corporate services in Dubai, ranging from business setup, legal compliance and documentation service, visa application, market-entry, and many more.
Book a free consultation now to get a callback from one of our experts and let us turn your entrepreneurial dream into reality.
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