If you’re considering starting a business, the Dubai Multi Commodities Centre (DMCC) is an excellent choice. This area is rapidly expanding, with more than 15,000 businesses already registered, making it the largest free trade zone in the UAE. Its prime location offers easy access to shipping routes, providing your business with greater visibility in international markets. However, the advantages of establishing your business in Dubai go beyond just the location. Here are some additional benefits of setting up a company in the DMCC Free Zone:
- 100% foreign ownership of the company.
- Flexible office solutions.
- Zero personal taxes.
- world-class infrastructure.
- Efficient licensing and registration procedure
- No restriction on capital repatriation.
- An ideal location in the heart of Dubai with the proximity to Dubai International Airport and seaport.
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Business Licenses Offered in the DMCC Free Zone
To operate a business in Dubai, you must obtain a business license. This license provides your company with a legal identity and authorizes you to conduct business lawfully.
01
Service License
A Service License enables you to perform activities such as providing services or consultancy.
02
General Trading License
This type of license allows the consolidation, distribution, importing, and exporting of products.
03
Gold Trading and gold refineries
DMCC is home to gold and precious metals trading and gold refineries
04
Commodities Trading
DMCC specializes in commodities trading.
05
Commercial Trading License
This type of license allows consolidation, distribution, import , export and storing of products
Documents and Steps Needed to Acquire Your Business License in the DMCC Free Zone
To ensure the business setup process goes smoothly, you will want to make sure you know all the steps and have all of the proper paperwork.