Introducing the DMCC Business Support Package with special incentives and policies to help your business;
One of the many advantages of setting up a company in DMCC is that it offers 100% foreign ownership. You do not need a UAE Partner to form a company at DMCC unless your business is a pharmacy. In this instance, the Dubai Health Authority requires a UAE National shareholder in order to issue the required No Objection Certificate (NOC).
DMCC Service Centre offers you a comprehensive set of solutions allowing you to license and set up your business quickly and efficiently in the DMCC Free Zone. DMCC does not require any specific format for business plan. A typical business plan should include details of the business, its operating activities and regions, SWOT and financial analysis.
There is no corporate/income tax on individuals or companies operating in the Free Zone. This applies for 50 years from the time of registration of the company.
Until January 2014, the DMCC Authority offered two types of licenses: DMCC and JLT. DMCC Free Zone companies operate in the commodities and related sectors, while JLT Free Zone companies operate across non-commodities related sectors. From February 2014, the authority licenses all activities under the one DMCC license.
With DMCC, you can choose from over 600 business activities. These range across 20 sectors that include Energy, Commodities, Gold and Diamonds, Technology, Construction, FMCG, Healthcare, Aviation, Shipping, Education and Media, as well as services such as Professional, Financial, Personal and Community.
DMCC allows multiple payment options including cash, cheque, credit card, and direct deposits. Once licensed, most of our member companies choose to keep a minimum balance in their member portal account, which enables them to use services immediately without having to top up the account first.
As soon as the necessary documents have been submitted online, your company can be set up within two to three weeks. In the interest of maintaining DMCC Free Zone’s reputation as the place for good business, DMCC conducts due diligence reviews as part of all company setup procedures.