About DMCC Free Zone
Made for Trade, DMCC Free Zone has firmly established Dubai as a leading center for trading international commodities and the world’s fastest-growing Free Zone.
They promote and facilitate trade across a range of goods from gold, diamonds, and precious metals to tea, food, and industrial materials.
Today, as home to major multinationals and start-ups, they connect more than 18,000 businesses with the world-class services, leading infrastructure, and vibrant community they need to thrive and succeed.
DMCC is the largest free zone in the UAE, with more than 21,000 registered businesses since 2002. In Jumeirah Lakes, the Investment Corporation of Dubai Corporation’s subsidiary (DMCC) developed one of the most beautiful commercial spaces in the world. It holds 68 towers. Every three buildings surround three breathtaking lakes and a busy central park on approximately 180,000 sq/m of commercial and residential units and developments. JLT Towers (Jumeirah Lakes Towers) consists of 28 Clusters. Each cluster contains three towers, three lakes, and a central park.
DMCC Free Zone Activities
Click Here to download the list of approved activities in DMCC in October 2022. Expats can own 100% of their businesses, 0% personal tax income, 0% free of tax periods, and much more benefits in the following Sectors and many of their subsectors in the upcoming list. And despite the continuous demand for the luxurious spot, registering a business in DMCC can take less than one month. And it would cost from AED 20,000 to 50,000 less or more.
- Automotive Transportation
- Construction, Engineering & Machinery
- Food & Agro
- General Trading
- Media & Marketing
- Metals & Minerals
- Personal & Community Services
- Personal & Household Goods
- Precious Metals & Stones
- Professional Services
- Real Estate & Facility Services
- Shipping & Logistics
- Support Services
- Technology & Telecom
Every information about business classifications and licensing in DMCC exists in that file. There is also a description of each business and a brief explanation regarding its operation. There are requirements regarding the type/number of buildings for all sectors. Also, DMCC mentioned all restrictions for all sectors and subsectors, such as, Must operate outside UAE, Branch companies only, Branch or subsidiary only, etc. As discussed, all details are presented nicely and simply in that one file.
Types of licenses in DMCC Free Zone
A trading license is the most common type of license in the DMCC Free Zone. It allows businesses to import, export, distribute, and store goods within the free zone or outside the UAE. This license is suitable for companies engaged in trading, retail, or e-commerce businesses.
A service license allows businesses to provide services within the DMCC Free Zone or outside the UAE. This license is suitable for companies engaged in consultancy, IT, marketing, or other service-based industries.
An industrial license allows businesses to set up a manufacturing or industrial operation within the DMCC Free Zone. This license is suitable for companies engaged in manufacturing, assembly, or production-related industries.
National Industrial License
A National Industrial License is similar to an Industrial License but is specifically designed for companies that have a manufacturing facility within the UAE. This license allows businesses to benefit from the same privileges as Industrial License holders while also having the option to sell their products in the local UAE market.
Flexi Desk License
A Flexi Desk License is a cost-effective option for businesses that don’t require a physical office space but still need a DMCC Free Zone license. This license allows businesses to use shared desk space in a designated office building within the free zone.
A Dual License allows businesses to operate both within the Free Zone and outside the UAE. This license is suitable for companies that require a local presence to conduct business in the UAE while also benefiting from the free zone’s advantages.
Benefits of DMCC Free Zone Licenses
Easy Company Setup
The process of setting up a company in DMCC Free Zone is quick and straightforward. The registration process can be completed online, and the entire process takes only a few days. The DMCC Free Zone Authority provides all the necessary guidance and support to ensure that the company setup process is smooth and hassle-free. Furthermore, there are no minimum capital requirements for setting up a company in DMCC Free Zone, making it an attractive option for startups and small businesses.
100% Foreign Ownership
One of the most significant benefits of DMCC Free Zone Licenses is 100% foreign ownership. This means that foreign investors can fully own and operate their businesses in DMCC Free Zone without the need for a local sponsor or partner. This provides investors with complete control over their businesses and allows them to make decisions independently.
DMCC Free Zone offers a tax-free business environment for companies operating within its jurisdiction. This means that companies are not required to pay any corporate or personal income tax, making it an attractive option for businesses looking to reduce their tax burden. Furthermore, companies operating in DMCC Free Zone can also enjoy exemption from value-added tax (VAT), customs duty, and other taxes.
Wide Range of Business Activities
DMCC Free Zone Licenses allow businesses to engage in a wide range of activities, including trading, manufacturing, and services. The free zone is particularly well-suited for companies operating in the commodities sector, with its strategic location providing easy access to global markets. DMCC Free Zone also provides access to world-class infrastructure and a range of support services, making it an attractive option for businesses in other sectors as well.
Networking and Collaboration Opportunities
DMCC Free Zone provides businesses with excellent networking and collaboration opportunities. The free zone is home to over 18,000 companies from over 170 countries, creating a vibrant business community. DMCC Free Zone also hosts various events and activities throughout the year, providing businesses with opportunities to connect with other companies and potential customers.
Set up your Free Zone Company with Dubai Multi Commodities Centre (DMCC Free Zone).
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