Due to its open economy and pro-business administration, Dubai is recognized as the Middle East’s Commercial Centre. Dubai’s multicultural culture also makes it a desirable location for international entrepreneurs looking to establish a firm. Like the Dubai Multi Commodities Centre or DMCC, the government developed numerous special economic zones to promote greater foreign investment, which is the economy’s driving power.
In 2002, the Dubai Multi Commodities Centre (DMCC) Free Zone was established. Within a few years, DMCC had reached the highest number of business registrations, with over 11,000 firms listed.
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Company Setup in DMCC
The following is a step-by-step guide to starting a business at the Dubai Multi Commodities Centre:
Choose the company’s legal structure.
To complete the license, choose a business activity for your firm.
Choose a business name and register it with the free zone government.
Submit the company registration application. It entails the submission of the following documents:
If you are a UAE resident, you must submit a signed application form and a letter of authorization (NOC).
Information about the shareholders
a copy of your passport
Proof of your company’s address
If you’re acquiring a physical office, you’ll need a bank share capital letter and a lease agreement.
Approvals from regulated activity by third parties
Once you’ve received your business license, appoint a DMCC-approved auditor.
You may now begin trading and begin the process of hiring employees.
For the next 50 years, there will be no business or personal taxes. Visas and other permissions are among the services provided by immigration, foreign ownership is 100 percent, Licenses are available for a wide range of activities, and infrastructure that was developed with a specific purpose in mind.
With all of these benefits being offered by DMCC, starting your business journey with smoothness is always a dream. BlueCrayon is here to assist you throughout the way to ensure there are no obstacles in the path of your success. For further information regarding this business setup, contact us right away and be guided by the experts.
Company Formation Process Simplified
Submit your documents to Blue Crayon
Receive your establishment card and echannel Registration
Blue crayon team would assist you with your medical and EID along with insurance
Residence visa stamped
Licenses Offered by DMCC Free Zone
The DMCC free zone issues licenses for core commodities trading operations. Each of the company’s activities is subject to a certain sort of license, which includes: