Dubai Multi Commodities Center (DMCC) Free Zone

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Dubai Multi Commodities Center (DMCC) Free Zone

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Ajman Free Zone Authority (AFZA)

The Dubai Multi Commodities Centre [DMCC] who has been ranked as the best Free Zone in the world[1]* was established in 2002 as a commodity marketplace in heart of Dubai. And at present it has given space to more than 12,000 major multinational companies, SMEs and start-ups. For us, DMCC is the homeland in which we can help assist you with all the expertise to form a company in DMCC.

If you want to start a business in the DMCC free zone, CredentOne DMCC is here to help you get started with the right tools. Unlike the others, DMCC is specialized in precious metals and commodities such gold, diamond, pearl, and agro and also provides immense support to all member companies. Various internal events and knowledge series conducted by the DMCC Authority clearly shows the effort the authorities take to promote the member companies. Moreover, the rationalized legal and regulatory frameworks, and flexible office solutions makes DMCC a unique free zone.

ADVANTAGES OF BUSINESS SETUP IN DMCC

  • Licenses for a full range of business activities
  • Purpose built infrastructure
  • 100% business ownership
  • Freehold offices for sale and lease at competitive rates. Flexible office solutions
  • Immigration services including visas and other government permits
  • 0% corporate and personal income tax rate guaranteed for 50 years
  • Strategic location on Sheikh Zayed Road, connecting Abu Dhabi and Dubai, and in close proximity to the largest container port outside of Asia
  • Regular networking opportunities through DMCC industry events, sector specific clubs and informative workshops
  • Training on the latest developments in trade regulation and compliance standards

WANT TO SETUP YOUR BUSINESS IN DMCC? CONTACT US TODAY!

A smart entrepreneur will always look for the estimate and initial costs for the setting up his/her business as the first step. This page will give you an outline on different types of licenses, General Cost for setting-up a company in Ajman Free Trade Zone, per expenses as follows:

  1. Type of License:

The DMCC Free Zone Licenses are usually awarded for core commodity trading activities i.e. raw materials: Such as Gold and Precious Metals, Diamonds, Pearls, Plastics, Energy, Oil, Steel and Base Metals, Chemicals, Food, textile and raw material. Furthermore, DMCC free zone business setup can also be based on industrial and commercial license.

Please find different types of licenses listed below. Please note that the listed cost includes Initial Approval, Registration and License

LICENSE TYPE 1st year 2nd year
GENERAL TRADING LICENSE AED 82,360 AED 50,285
CONSULTANCY / SERVICE LICENSE AED 32,360 AED 20,285
TRADING / COMMERCIAL LICENSE AED 32,360 AED 20,285
BRANCH COMPANY AED 30,360 AED 20,285

Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. Type of Office Facilities

Maintaining a license in DMCC requires you to rent an office. Visa eligibility of the company is related to the facility’s size. 1 visa / 9 sq. m. Here are the available options:

  Flexi Desk Serviced Desk Serviced Office Business Centre Office Physical Office Retail Shop
Facility size-sq m 20-30 40-95 120-250 20+ 100+ 50
Annual Cost (AED) 17,000-19,000 22,000-35,000 35,000-70,000 50,000+ 75,000+ 200,000+

Note: Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. Miscellaneous Documents

Establishment Card is a necessary document to enable the company register in Residency Department. On the other hand, Operation Fitness Certificate is necessary if company have chosen physical office as their facility.

OPERATIONAL FITNESS CERTIFICATE (Commercial Unit) AED 450
OPERATIONAL FITNESS CERTIFICATE (Industrial/Retail) AED 1020
ESTABLISHMENT CARD AED 1800
AUDIT APPOINTMENT LETTER AED 1000

Note: Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. Residence Visa in DMCC (valid for 3 years)

The Visa cost depends upon the status of an applicant’s current location. Amendment of visa can be done only if the applicant has cancelled his previous Residence Visa or is transferring within DMCC.

For instance, If you are inside the UAE at the time of the Employment visa application, with Local amendment you can easily stay in the country and enjoy the hassle-free process by bypassing the procedures to change the Visa status.

Bank Guarantee Deposit is refundable after company deregistration.

SERVICES FEES (AED)
Employment Visa Application (outside the Country application) 3,335
Employment Visa Application (inside the Country without Local amendment) 3,795
Employment Visa Application (inside the Country with Local amendment) 4,535
Employment Visa Guarantee Deposit 3,000
Medical Test, Emirates ID and Photo 1,240
CREDENTONE Service Fee 3,000

Note: Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. CredentOne DMCC Service Packages

We are offering 3 types of professional service packages.

SCOPE OF SERVICE Executive

AED 7000

Priority AED 12000 Premium

AED 21000

Corporate consultancy Yes Yes Yes
Obtaining the company access to DMCC portal Yes Yes Yes
Initial Approval: Company name; Activity; Shareholder’s structure Yes Yes Yes
Board Resolution Yes Yes Yes
Business Plan Yes Yes Yes
Registration Yes Yes Yes
Flexi Facility Arrangement Yes Yes Yes
Licensing Yes Yes Yes
Establishment Card   Yes Yes
Company Stamp   Yes Yes
Audit Appointment Letter   Yes Yes
Guidance for Depositing Capital and obtaining Statement of Accounts   Yes Yes
Company Letterhead   Yes Yes
P.O. Box Registration   Yes Yes
Company Profile     Yes
Post license (PSA, SC, SOA)     Yes
Documents attestation (COR, License, SC, PSA)     Yes
Providing details on UAE banks     Yes
Full Bank Account Opening Application Assistance     Yes
Free PRO Service for 1st Company Visa     Yes
Day to day update regarding the full process Yes Yes Yes

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

Additional service fee with an amount of AED 10,000 is applicable in obtaining special activities, Corporate Shareholder or Branch Company. Packages excludes administration assistance on tenancy agreement documents related to Physical Office. For Obtaining Governmental NOC for specific activities, additional fee will apply. All packages respond to max 2 shareholders. Additional service fees of 1,500 AED per each additional shareholder will apply. Standard fee of POA 1,500 AED (for one applicant). Additional fee of 1,000 AED will apply for every additional signatory.

[1]                * The Financial Times FDI Magazine named DMCC the best Free Zone in the world for 2015, 2016 and 2017.