When you are looking to establish a free zone company in the United Arab Emirates, this might become quite challenging for a number of reasons: you need to choose one from over 50 economic zones in the UAE, you need to understand the advantages each of them has and the benefits each of them offers and, finally, you might also want to understand the difference in pricing.
In the event your budget is not restricted, you want the sit of your company to be in Dubai, you want your office to be located in a prestigious area and with extremely well-developed infrastructure, you might well consider starting your business in Dubai Multi Commodities Centre (DMCC) free zone. And there are actually quite a few more reasons why DMCC company setup may be even more suitable for you.
While many young entrepreneurs may suggest that DMCC company set up costs may be high for an average start-up, these expenditures are actually well-justified, if we analyze DMCC company setup in great details.
DMCC is not among the oldest economic zones in the country, nevertheless, it is quite astonishing to witness the pace, with which it is developing and growing. In April 2016 it surpassed 12 000 member companies and since then it is only constantly growing.
Initially started in 2002 as a commodities platform for trading companies, today DMCC represents companies from a very wide range of industries. This includes service, trading and manufacturing companies.
DMCC business setup process is flawless and in a matter of 12 to 20 days you will have your company fully incorporated. In the past 4 to 6 years DMCC worked hard on designing and then further perfecting its online platform for interaction with DMCC authority, which allows today member companies to avail from almost all possible business services from the comfort of their offices. Paper work has been, vice versa, drastically decreased, and this saved businesses a lot of time.
To even further improve the business environment for member companies in DMCC, by the year end of 2018, DMCC proposed changes to the free zone rules and regulations and shared the same with the business community. Those shall even further improve conditions of doing business from DMCC free zone.
In addition, DMCC supported and promoted opening of Dubai Immigration office in Jumeirah Lakes Towers area as well as a Medical Fitness Center. Additionally, DMCC also introduced a service for Dependent Visas.
Definitely all the said improvements led the international community to recognize several years in a row DMCC as the best free zone globally.
Today it is not only a well-developed business community, but also a very modern residential area. Don’t you find it convenient to live and work in the same area, where commuting to your workplace takes less than 5 minutes? The area boasts having 2 fully operational metro stations, where one of them is linked to a tram station as well. Additionally, the area is served well by the bus network, so you can reach a metro station or your actual working place in a matter of several minutes.
DMCC is rightfully considered to be one of the most prestigious free zones for business set-up in Dubai. This relates not only to the geographical location but also to the opportunities that this free zone provides.
Let’s now summarize the main benefits of DMCC business setup:
We strongly believe that all what we have just mentioned completely justifies DMCC company set up cost. DMCC company setup fees are publicly available on the web-site of the authority. For the sake of your convenience, we have listed them once again below:
DMCC COMPANY SETUP FEES
Type of fee
DMCC Application Fee
The fee is paid when you submit your application for review and only upon approval you will be able to proceed with the payment of all other fees.
DMCC Registration Fee, DMCC License Fee, DMCC MOA and AOA Fee
DMCC License fee may be slightly higher, if you combine activities from different groups on your license.
DMCC Flexi-Desk Rental Fee
There may be slight variations with respect to the fee, since flexi-desks are offered in different buildings of the community.
*Please note that DMCC company setup cost may be changed by the authority from time to time, therefore, the above table is provided for guidance purposes only and we recommend to cross check the up-to-date fees with the authority directly.
As you can see it from the table, total DMCC company set up costs include the application fee, registration fee, MOA and AOA charge, license fee and there may be also a flexi-desk rent fee included, in the event you wish to start small and do not rent a physical office space in the first year.
If you feel that all of the above listed advantages are worth pursuing the DMCC company setup and this is definitely what you require at the moment, feel free to get in touch with our professional consultant team and we would be delighted to assist you and help you start your DMCC business setup journey.
Disclaimer: Business Boutique UAE-Consultants.com is not affiliated with any particular government or legal entity. Business Boutique does not give professional legal advice nor any other professional advice subject to a public office in the government. This article merely sets out a simple and basic idea as to the reasons of DMCC company setup and DMCC company setup fees. Business Boutique in no way holds nor imposes any official governmental or legal authority and the article herein is only to be taken as a guide. All further governmental or legal issues should be addressed to the corresponding authorities.
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