The DMCC (Dubai Multi Commodities Centre) is a free zone and strategic initiative of the government to establish a commodities market in Dubai.
This Free zone has one of the best locations, Jumeirah Lakes Towers, providing good infrastructure, facilities, and office conditions.
If you are considering forming a free zone company with 100% ownership and need good location then the DMCC is the right choice. The DMCC allows a full range of activities, not just trading. And it allows some activities which are unavailable in other free zones such as the trading of gold and precious metals, diamonds and colored stones.
Jumeirah Lakes Towers has full range of facilities and infrastructure including residencies, offices, metro station, easy access to public transportation and shopping centres.
Although the area is quite big, it is easy to navigate as JLT is divided by Clusters. Some clusters face the Sheikh Zayed Road while others have access to the Lake. The secure environment ad easy access to different facilities including metro, sport facilities, and shops allow both employers and employees work and stay in safe and healthy environment.
The DMCC is the right choice for start-ups and foreign branches to develop their businesses in DMCC and internationally.
The best about DMCC is the ability to rent office space, own offices/residencies in Dubai. This is a good option for companies that target Dubai market as well as international market.
If you are considering having an office with a free zone company DMCC will be the perfect choice. In case you do not need office but wish to have a space to do some work for few hours you can get a flexi desk or a shared office.
Possibility to own property
DMCC company being a free zone company in Dubai may own freehold property
The benefit of having individuals as shareholders is getting residences in Dubai. The employers and employees are entitled to get residency visas. The process of getting visas is much faster, as the authority provides support in immigration. The visas for additional employees will require respective office space.
Both individuals and corporate shareholders are allowed.
Forming a DMCC company
It takes 2 weeks to get the Trade License and sometimes requires pre-approval. The total expenses can be 50,000 AED. At the time of formation, Freemont Group assists throughout the entire process of incorporation and guides through every step.
Certain activities require business plan that we can also prepare for the incorporation. There is also a requirement of the minimum capital worth 50,000 AED to be shown at the bank.
Interest in setting up a company in DMCC? Please contact us