Overview of DMCC (Dubai Multi Commodities Centre)
Dubai Multi Commodities Centre (DMCC) is a strategic initiative by the Government of Dubai to provide a vibrant marketplace for commodities traders and related service providers. Renowned for its state-of-the-art infrastructure, flexible business setup options, and unparalleled facilities, DMCC has positioned itself as an ideal destination for business setup in Dubai.
Types of License
- Commercial License
- Service License
- Industrial License
- General Trading License
Procedure For DMCC Company Formation
Business Plan Submission
Begin your journey to DMCC company formation by submitting a comprehensive business plan. This plan should entail information about your prospective business activities, the proposed company name, details on share capital, and the shareholder’s information.
Preliminary Approval
Upon submission, the DMCC authorities will scrutinize your business plan. They aim to evaluate its feasibility and compliance with the DMCC’s rules and regulations. Once your business plan meets their approval, you can proceed to the next step.
Submission of Legal Documents
At this stage, you need to compile and submit necessary legal documents. These may include the application form, copies of shareholders’ passports, the previously approved business plan, and a No Objection Certificate (NOC). The NOC is especially necessary if the shareholder is a UAE resident on a visa.
Registration & Licensing
Upon the successful verification of your documents, you will be directed to pay the necessary fees for company registration and license issuance. These costs may vary depending on the type and nature of your business.
EJARI Registration
The EJARI registration is the next crucial step in your DMCC company formation process. EJARI, which translates to ‘my rent’ in Arabic, is a system that legalizes the otherwise informal rental process. By registering your company’s office space under EJARI, you obtain a unique registration number that offers proof of an existing rental agreement.
Final Approval
Finally, upon successful payment and verification of your EJARI registration, the DMCC authority will grant the final approval for your company formation. Alongside this approval, they will also issue your company’s license, officially marking your DMCC company formation.
Our DMCC Company Formation Services
Initial Consultation and Business Plan Assessment
We begin our process with an initial consultation, aimed at understanding your business objectives and requirements. This information helps us provide insights into the viability of your plan and align it with DMCC’s guidelines and the UAE business environment.
Licensing and Registration
Depending on your business activities, you will require a specific type of license: commercial, service, or general trading. At Alberts, we help simplify this process. Our team assists in preparing all necessary documents, filling out the application, and liaising with DMCC authorities on your behalf to ensure a smooth registration process.
Office Setup Assistance
Alberts helps identify the right working space that fits your business needs and budget within DMCC. From flexi-desk options to executive offices and warehouses, we offer guidance throughout the selection process.
Visa and Immigration Services
Our team also manages complex visa and immigration process. We assist in obtaining visas for you, your family, and your employees, making the transition to the UAE as smooth as possible.
Post-Incorporation Services
At Alberts, our commitment to your business doesn’t end with the formation of your company. We offer an extensive range of post-incorporation services, including accounting, VAT compliance, audit readiness, and payroll services, to help ensure the smooth operation of your business.
Legal and Compliance Assistance
With changing laws and regulations, maintaining compliance can be challenging. Our team stays abreast of the latest legal updates, helping your business navigate through DMCC’s legal and compliance requirements effectively.
Key Advantages of DMCC Company Formation
Tax-Free Regime
Enjoy 0% corporate and personal income tax, amplifying your profit potential.
Strategic Location
Situated in the heart of Dubai, DMCC offers easy access to global markets.
Robust Regulatory Environment
DMCC has a transparent and business-friendly legal framework in line with international standards.
Access to World-Class Infrastructure
State-of-the-art facilities and infrastructure for your business.
Wide Range of Business Activities
DMCC offers licensing options for a diverse range of business activities.
One-Stop-Shop Services
DMCC provides a variety of services including licensing, visa processing, and more under one roof.
Network Opportunities
Access to a network of over 15,000 companies for potential collaborations and partnerships.
Residency Visa Options
Obtain UAE residency visas for you, your family, and your employees.
Double Taxation Treaties
Benefit from the UAE’s extensive double taxation agreements with multiple countries.
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