Launch Your Global Business in the World’s No.1 Free Zone – DMCC
Join a thriving community of over 23,000 companies in the heart of Dubai with unmatched connectivity and credibility
Advantages of Setting Up Your Business
in DMCC
Starting a business in DMCC allows you to operate in a multi-awarded free zone centre. In 2022, DMCC was recognized as the Global Free Zone of the Year by the fDi Magazine for the 8th consecutive year.
Here are the following benefits of incorporating a business in DMCC:
Access to Global Market
- DMCC is located in the heart of Dubai, with close proximity to airports, and seaports.
- Dubai is home to many expats. In fact, about 90% of the city’s population is composed of foreigners, giving you the opportunity to conduct business with multinationals.
- Effective immigration services, including visa support.
One-Stop Shop
- DMCC is a one-stop shop for all business needs. It offers facilities and access to a world-class market, secure storage, trading and research services, world-class legal and financial advice firms, and an unrivaled logistics and transportation system.
- With its diverse range of services and facilities, DMCC provides a member online portal to ensure a rapid response to any requests.
Tax and Financial Benefits
- 100% foreign company ownership
- No restrictions on capital repatriation
- No currency restrictions
- No personal income tax
- A 5% standard VAT rate
- Only 9% corporate income tax (if applicable)
Cost of Starting a Business in DMCC
The cost of setting up a business in DMCC will depend on different factors, including the number of visas you need for your company and office lease.
- Business License and Office Space
- Flexibility to conduct business within the jurisdiction
- Dedicated Account Management Team
- Crypto accepted payment
- Interest free monthly installment plan of AED 3,250 (RAKBANK, Dubai Islamic Bank, Mashreq, and Emirates NBD)
Like What We Offer?
Explore Monthly
Payment Plans
with Selected Banks
Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.
Types of Licenses Offered
in DMCC
Almost every type of business activity is permitted within the free zone.
Generally, these are the three types of licenses offered in DMCC:
This license is for companies that provide services in the professional, legal, financial, media,
technology, education, energy, and healthcare sectors.
This license is for companies that buy, sell, import, and export goods from, to, and within the UAE.
This license is for companies that conduct light manufacturing in dedicated facilities within DMCC.
Documents for DMCC Company Setup
*Required for a subsidiary setup
- Online pre-approval application form
- Proof of residential address in country of residence (A utility bill or bank statement)
- Business profile
- Third-party approvals for specific regulated business activities
- Copy of your passport (Along with your UAE residence visa and a copy of your Emirates’ ID, if applicable)
- Business plan (depends on activities)
- Details of an office address in IFZA free zone (JLT)
- Copies of parent company documents if it’s a branch company formation. (Required after the company has been registered)
- Power of Attorney for Manager, Secretary, Director, Specimen Signature
- No Objection Certificate (NOC) from the current sponsor if you already have a residence visa
Business Structures in DMCC
Here are the following legal company structures from which you can choose to establish your company in DMCC:
Individual Shareholder
- Passport Copy
- National ID
- Proof of Address
- HM Corporate Services Form
- Payment Receipt
Corporate Shareholder
- Business License
- Memorandum of Article
- Shareholder Register
- Shareholder Passport Copies
- National ID
- Proof of Address
- HM Corporate Services Form
- Payment Receipt
Steps in Setting Up Your Business in DMCC
Company setup process in DMCC usually takes around 2-4 weeks depending on your business activity.
-
Choose your business activities
The first thing to do in incorporating your business in DMCC is to outline your business activities to evaluate what type of trade license you will get. -
Apply online
Fill out your application form correctly and submit it online. DMCC will complete the company name reservation, management, and compliance approval. -
Pay, sign & submit the relevant documents
After submission of your initial application, you can now pay for the registration and license fees and sign the legal documents.
You will be then granted by DMCC a provisional approval and bank letter to open a company bank account. -
Choose the most suitable office space
Select an office space that can accommodate your staff. HM Corporate Service can help you in selecting the most suitable and accessible location for your company. -
Secure your visas
The next crucial step will be to secure DMCC visas for your team, so you can begin your operations. We will be happy to assist you with the needed documents and the application process.
Pay Through Our Easy Monthly Payment Plans Tailored To Meet Your Ease
Convert your transaction into manageable and affordable monthly installments using the options outlined below:
1. Buy Now & Pay Later – Tabby & Tamara
2. Easily convert your card transaction into monthly EMI payments
HM Corporate understands your needs and offers tailored, reasonable solutions.
