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Dubai Multi Commodities Centre

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Dubai Multicommodities Centre - AIMS UAE

The establishment of businesses in the Dubai Multi Commodities Centre (DMCC) free zone is becoming more and more common in Dubai. Having achieved the title of “Global Free Zone of the Year” more than five times, the DMCC free zone enjoys great respect both in the United Arab Emirates and internationally.
The GCC is home to many of the world’s most prestigious companies and brands, and it is most widely recognised for its status as a major hub for commodity trading. A diverse range of luxurious and innovative firms operate there, creating a highly competitive and elite corporate climate.
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Documents Required to Set Up Company in Dubai Multicommodities Centre

Documents needed to establish a business in a DMCC Free Zone – 

  • Register your business name by submitting a minimum of three possible names.
  • Send in your proposed officers (secretary, manager, and director).
  • Send copies of the shareholder(s)’ valid passport, utility bill, and resume.
  • Deliver a current passport, utility bill, and resume for the newly appointed manager, secretary, and director.
  • The corporate shareholder’s corporate documents, such as the trade license/commercial registry, the good standing certificate, the registry extract/incumbency certificate, and the memorandum and articles of association/statutes
Before the documents can be forwarded to PPG for a MOFA, MOJ, and legal translation, they must first be notarized, legalised, and attested. Through our network of third-party agents in those nations, PPG can help with the entire process of international document attestation.

Types of Business Licence You Require in Dubai Multicommodities Centre

The DMCC Business Setup requires the following licence types – 

  • Licence for General Trading: Establishing a business with a general trade licence in the DMCC free zone permits the consolidation, distribution, import, export, and storing of various product kinds.
  • Licences for simple or commercial trading: Establishing a business under a commercial simple trading licence permits the storing, importing, exporting, and combining of several product kinds that fall inside the license’s parameters.
  • Service Authorisation: Establishing a business under a service licence will enable you to perform services or consulting as specified by the licence.
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Why Set Up Business in Dubai Multicommodities Centre?

Setting up a business in the Dubai Multi Commodities Centre (DMCC) has several advantages. DMCC, as the UAE’s largest and fastest-growing free zone, offers 100% business ownership, tax exemptions, and a strategic location connecting East and West markets. Its world-class infrastructure simplified setup procedures, and robust regulatory framework facilitate seamless operations.
Businesses enjoy access to a diverse network spanning various industries, enhancing growth opportunities. With no minimum capital requirement and the ability to trade internationally, DMCC provides an ideal environment for startups and established enterprises alike.

Set Up business in Dubai Multi commodities Centre in AIM UAE

Dubai Multi Commodities Centre (DMCC) is the nation’s fastest growing region. It has received the Financial Times fDi Magazine’s “Global Free Zone of the Year” award six times.

The 200-hectare mixed-use DMCC free zone, which is divided into clusters, is situated at Jumeirah Lakes Towers (JLT). In JLT, retail, residential, and commercial space are spread among sixty-eight towers.

Commodity trade is supported by DMCC through entities including the Dubai Diamond Exchange, Dubai Pearl Exchanges, DMCC Tradeflow, DMCC Tea Centre, and DMCC Coffee Centre. In the trading of these commodities, these organisations have grown to be very powerful. This has led to the presence of significant international corporations in the DMCC that are involved in the commodity trade.

Contact AIMS via email or call for a free consultation, to ensure a smooth business set up in Dubai.

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Frequently Asked Question

Yes, businesses registered in the DMCC can freely conduct trade with entities outside of the free zone, both within the UAE and internationally, subject to relevant customs and import/export regulations.
Yes, businesses in the DMCC are required to comply with various regulations related to licensing, taxation, employment, immigration, and financial reporting. Staying compliant ensures smooth operations and avoids potential penalties.
The steps typically involve choosing a business activity, selecting a company name, applying for a business license, leasing office space, submitting required documents, obtaining approvals, and finally, collecting the trade license.

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