DMCC stands for Dubai Multi Commodities Centre. It is the world’s No.1 Free Zone and that is located in the Jumeirah Lake Towers district of Dubai and created in 2002. DMCC is one of the largest and fastest-growing free zones in the UAE, supporting a wide range of industries, particularly in the commodities sector.
Why DMCC?
DMCC offers several advantages to businesses and investors, making it an attractive destination for companies looking to establish their presence in Dubai and the wider Middle East region. Here are some key advantages of DMCC:
100% foreign ownership,
Zero personal and corporate tax,
No restrictions on capital repatriation,
Simplified company setup process,
Full repatriation of capital and profits,
No personal or corporate income taxes
Also, DMCC has other advantages, which we will briefly mention below:
1. Strategic Location:
Dubai is a global hub for trade and business, serving as a bridge between the East and the West. DMCC's prime location within Dubai provides excellent connectivity to major global markets, making it an ideal base for international trade and expanding business networks.
2. Business Hub:
DMCC is a leading global trade and business hub, serving as a home for businesses across various sectors, including commodities, agriculture, energy, precious metals, diamonds, and more. It provides an environment for international companies to set up their operations in Dubai and access global markets.
3. Commodities Exchange:
DMCC operates a commodities exchange known as the Dubai Gold & Commodities Exchange (DGCX). DGCX is the largest derivatives exchange in the Middle East and offers a wide range of futures contracts, including gold, silver, currencies, energy, and agricultural products.
4. Sustainability and Corporate Social Responsibility:
DMCC is committed to sustainability and corporate social responsibility. It has taken initiatives to promote environmental sustainability, such as the implementation of Dubai's first energy-efficient building regulations and the formation of the 'Agriota E-Marketplace' to enhance transparency and efficiency in the agricultural supply chain.
5. Infrastructure and Facilities:
DMCC provides state-of-the-art infrastructure, modern office spaces, and advanced business facilities, ensuring a conducive environment for companies to operate and grow their businesses. The free zone features world-class infrastructure, including high-speed internet connectivity, transportation networks, and efficient logistics services.
6. Business Support Services:
DMCC offers a comprehensive range of business support services, including assistance with company formation, licensing, and administrative processes. Additionally, DMCC provides access to professional services such as legal, accounting, and banking, helping businesses navigate through regulatory requirements and operational challenges.
7. Networking and Collaboration:
DMCC fosters a vibrant business community with numerous networking events, seminars, and industry-specific initiatives. It provides opportunities for companies to connect, collaborate, and explore mutually beneficial partnerships. The free zone also hosts trade fairs, exhibitions, and conferences, attracting global industry players.
8. Employee Advantages:
When you work at DMCC, you will receive a competitive salary and a first-rate benefit package appropriate for your position.
Fulfilling annual leave
A remarkable base salary
Accommodation allowances, transportation allowances
Corporate free programs, including long-term incentive plans
Medical and life insurance coverage,
Free covered parking
Retail discount
Leasing Services
DMCC provides comprehensive leasing services to companies looking to establish their presence in Dubai. Whether you need office spaces, warehouses, or retail units, DMCC offers a variety of leasing options to cater to different business requirements. Here are some key leasing services provided by DMCC:
1. Office Spaces: DMCC offers a wide range of office spaces, from small offices to large corporate headquarters, to accommodate businesses of all sizes and sectors. These office spaces are equipped with modern amenities, state-of-the-art technology, and flexible layouts to meet the unique needs of each business. The office buildings within DMCC's designated areas, such as Jumeirah Lakes Towers (JLT), provide a vibrant business environment with excellent connectivity and supporting facilities.
2. Retail Spaces: For businesses in the retail industry, DMCC provides retail units in prime locations across its free zone. These spaces are suitable for various retail outlets, including shops, boutiques, restaurants, cafes, and more. DMCC's retail spaces offer a favorable environment for businesses to showcase their products and services, attracting both local and international customers.
3. Warehouses: DMCC understands the importance of logistics and trade-related operations for businesses dealing with commodities. Therefore, it offers convenient warehouse facilities within the free zone.
This service is exclusively available to DMCC registered companies with a trading license and members with a branch setup in DMCC or those holding services or industrial licenses are not eligible.
It's worth mentioning that DMCC offers flexible lease terms and competitive rental rates to suit the varied needs of businesses. The leasing process with DMCC involves application submission, document verification, and signing the tenancy agreement. Additionally, DMCC provides a dedicated customer service team to assist businesses throughout the leasing process and during their stay within the free zone.
Prices:
Company Setup Standard Pricing:
|
Services |
Fees |
Applicability |
Business Rules |
|
Application |
AED 1,035 |
Once, per application |
|
|
Registration |
AED 9,020 |
Once, per application |
|
|
Articles of Association (AoA) |
AED 2,020 |
Once, per application |
Not applicable for branch setup |
|
Licence |
AED 20,285 |
Annual |
Licence fees may vary if additional activities are chosen. For more details, please refer to ‘Licensing Services – Renewal’ in this schedule of charges |
|
Establishment Card |
AED 1,825 |
Annual |
|
Company Setup Packages Pricing
|
Services |
Fees |
Applicability |
Business Rules |
|
1-Year Package |
|||
|
Basic Biz Package |
AED 35,484 |
One time |
Inclusive of VAT and Knowledge & Innovation Dirhams |
|
Jump Start Package |
AED 43,780 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
Jump Start Package - Co-Working Space |
AED 51,129 |
|
|
|
Prime Plus |
AED 38,145 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
2-Years Package |
|
|
|
|
Jump Start Package - Standard Flexi Desk with instalments |
AED 88,918 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
Jump Start Package - Standard Flexi Desk without instalments |
AED 81,881 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
3-Years Package |
|
|
|
|
Jump Start Package - Standard Flexi Desk with instalments |
AED 123,572 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
Jump Start Package - Standard Flexi Desk without instalments |
AED 120,000 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
Prime Plus Package – with instalments |
AED 79,145 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
|
Prime Plus Package – without instalments |
AED 76,100 |
Inclusive of VAT and Knowledge & Innovation Dirhams, non-refundable |
|
Leasing Services
|
Services |
Fees |
Applicability |
Business Rules |
|
Office (Core & Shell) |
AED 60-150 /Sq. Ft. |
Upon start of tenancy |
Deposit + Rent in in two instalments, payable in advance. |
|
Office (Fitted) |
AED 75-180 /Sq. Ft. |
||
|
Flexi-Desk |
AED 16,000 - 19,000 |
Upon start of tenancy |
Admin Charges, Deposit and Rent in one instalment, payable in advance. |
To get more information about investment conditions in free zones of Dubai, please contact Soha Asia Follow Up Services consultants.
Reference: www.dmcc.ae
updated on : 12/9/2023