DMCC

Dubai is the capital of UAE and is also considered the trading capital of the Middle East as it is a hub for the financial, economic, and cultural activities in the Middle East. Dubai has clusters of free zones, among which the Dubai Multi Commodities Centre (DMCC) is the world’s premier free trade zone. It has become a commodity center for the Middle East and the world. 

DMCC is unlike any other Dubai Free Zone but has a lot of potential and opportunity for the retail and commerce sectors. The DMCC free zone is the gateway to global trade and the exclusive spot for retail exposure to growing your business. DMCC has been crowned ‘Global Free Zone of the Year by the Financial Times FDI magazine for three consecutive years, and it has been home to a vibrant community, innovative infrastructure, world-class services, and an attractive choice of properties, all minutes from excellent air, sea and road links to the world.

DMCC was established in 2002, with a strategic initiative of the Dubai Government to provide a marketplace and the necessary physical and financial infrastructure to run a thriving commodities market. Currently, the DMCC free zone is the house for almost 12,000 companies that are actively operating, including commodities and other businesses.

Types of Business Licensing Options in Dubai Multi Commodities Centre Free Zone

Dubai Multi Commodities Centre provides an environment that accommodates many business activities and provides a great deal for all businesses. DMCC’s licensing authority offers the following licensing options:

Trading License

Allows importing, exporting, distributing, consolidating, and storing almost all product types allowing new business opportunities for entrepreneurs and businesses.

Service License

Allows carrying out service or consultancy activities that are specified in the license.

Industrial License

Allows the implementation of light production activities specified in the license.

Commercial License

Allows trading of the permitted goods which are mentioned in the license.

Branch Company

Allows opening a branch of existing enterprise and doing business in DMCC free zone

Companies can also go for other business licenses, which are permitted according to their business activity.

Corporate Structures in DMCC Free Zone

• Free Zone Establishment (FZE) – It requires a minimum capital of AED 50,000 with one shareholder
• Free Zone Company (FZC) – This type of business incorporation has a minimum capital of AED 50,000 with two to five shareholders.
• Local or Foreign Branch/Subsidiary – This type of entity does not have any capital requirement